🚀 Today's Big Ideas: MicroSoft (+8.8%), Visa (+7.7%), P&G (+5.8%)
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Last week’s trading insights:
Schwab +7.8% → return over the last week: +1.16% (direction correct)
Raymond James +9.6% → return over the last week: +1.41% (direction correct)
Banks XLF +5.2% → return over the last week: +1.07% (direction correct)
Insights for the following weeks:
Short covering has started, the non-commercial futures data (hedge funds) shows a HUGE short position out there, either being outright bearish as MOST money managers expected a US recession or because they believed inflation would stay high. Those hedge funds need buy those SP500 futures and this will continue the rally in stocks for the weeks and months to come.
What else are we reading?
The Future Unfolds for Binance 💥💥💥
Click the link above for another substack publication that we find helpful…
Here are the new LongShortBets signals:
(1) Score 9.4 (out of 10): MICROSOFT poised to seasonally rally by +8.8% during the next 90 days
What’s Going On Here?
MICROSOFT indicates an interesting 90 days seasonal set up. During similar occasions, MICROSOFT shares had a median return of +8.8% – based on 9 historical occasions with 9 of those showing positive returns (100%). This buy signal for MICROSOFT received a high score of 9.4 (out of 10). This insight was generated with last price of 326.79.
What’s This Company About?
MICROSOFT is in the Applications Software business. Based on the last 2 years’ risk/return profile, this asset is seen as Very Risky. Ticker symbol: MSFT US.
What’s the track record of this Signal?
8.6% (July-2022), 15.7% (July-2021), 18.7% (July-2020), 13% (July-2019), 7.9% (July-2018), 9.6% (July-2017), 3.5% (July-2016), 7.7% (July-2015), 9% (July-2014)
What’s My Risk / Reward and Time Horizon?
We found 90 days to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 355.57 (+8.8%) has been reached. Based on MICROSOFT’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 317.89 (last price at 326.79), which is equivalent to a -2.7% decline.
Historical Chart:
What are you reading over the summer?
Crypto Titans: How trillions were made and billions lost in the cryptocurrency markets → Amazon
(2) Score 8.5 (out of 10): VISA sets up for +7.7% rally in 1 month
What’s Going On Here?
VISA-CLASS A SHARES has triggered a new technical analysis ‘rally reversal’ signal. During similar occasions, VISA-CLASS A SHARES shares had a median return of +7.7%, over the following 1 month – based on 10 historical occasions with 8 of those showing positive returns (80%). This buy signal for VISA-CLASS A SHARES received a high score of 8.5 (out of 10). This insight was generated on 2023-June-9 with last price of 223.56.
What’s This Company About?
VISA-CLASS A SHARES is in the Finance-Credit Card business. Based on the last 2 years’ risk/return profile, this asset is seen as Very Risky. Ticker symbol: V US.
What’s the track record of this Signal?
10.7% (January-2023), 15.3% (October-2022), -3% (May-2022), -0.1% (March-2022), 8.5% (November-2021), 3.8% (September-2021), 1% (December-2020), 6.8% (September-2020), 8.8% (July-2020), 9.8% (February-2020).
What’s My Risk / Reward and Time Horizon?
We found 1 month to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 240.66 (+7.7%) has been reached. Based on VISA-CLASS A SHARES’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 218.86 (last price at 223.56), which is equivalent to a -2.1% decline.
Historical Chart:
(3) Score 7.5 (out of 10): PROCTER & GAMBLE sets up for +5.8% rally in 2 months
What’s Going On Here?
PROCTER & GAMBLE CO/THE has triggered a new technical analysis ‘rally reversal’ signal. During similar occasions, PROCTER & GAMBLE CO/THE shares had a median return of +5.8%, over the following 2 months – based on 10 historical occasions with 7 of those showing positive returns (70%). This buy signal for PROCTER & GAMBLE CO/THE received a high score of 7.5 (out of 10). This insight was generated on 2023-June-9 with last price of 146.56.
What’s This Company About?
PROCTER & GAMBLE CO/THE is in the Cosmetics&Toiletries business. Based on the last 2 years’ risk/return profile, this asset is seen as Very Risky. Ticker symbol: PG US.
What’s the track record of this Signal?
2.6% (September-2022), -1.1% (May-2022), -3.3% (March-2022), 11.8% (September-2021), 7.9% (June-2021), 6.8% (January-2021), -4.4% (October-2020), 18.2% (May-2020), 6.3% (February-2020), 5.3% (September-2019).
What’s My Risk / Reward and Time Horizon?
We found 2 months to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 155.07 (+5.8%) has been reached. Based on PROCTER & GAMBLE CO/THE’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 143.96 (last price at 146.56), which is equivalent to a -1.8% decline.
Historical Chart:
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