🚀 Today's Big Ideas: Sony (+5.2%), Health Care ETF (+7.5%), Costco (+5.1%)
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TODAY’s Big Ideas:
SONY GROUP sets up for +5.2% rally in 1 month
HEALTH CARE ETF sets up for +7.5% rally in 3 months
COSTCO poised to seasonally rally by +5.1% during the next 60
days
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(1) Score 7.7 (out of 10): SONY GROUP – sets up for +5.2% rally in 1 month
What’s Going On Here?
Sony Group Corp. is expanding its gaming accessories range with the announcement of a new DualSense Edge wireless controller for the PlayStation 5.
Why Now?
SONY GROUP – SP ADR has triggered a new volatility signal (3 month). During similar occasions, SONY GROUP – SP ADR shares had a median return of +5.2%, over the following 1 month – based on 10 historical occasions with 8 of those showing positive returns (80%). This buy signal for SONY GROUP – SP ADR received a high score of 7.7 (out of 10). This insight was generated on 2022- September-8 with last price of 74.19.
What’s This Company About?
SONY GROUP – SP ADR is in the Audio/Video Products business. Based on the last 2 years’ risk/return profile, this asset is seen as Very Risky. Ticker symbol: 6758 JP.
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 78.03 (+5.2%) has been reached. Based on SONY GROUP – SP ADR’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 71.69 (last price at 74.19), which is equivalent to a -3.4% decline.
Historical Chart:
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(2) Score 9.2 (out of 10): HEALTH CARE ETF sets up for +7.5% rally in 3 months
What’s Going On Here?
Health care stocks have only added to their gains following positive company news. Regeneron Pharmaceuticals (REGN) climbed almost 19% after announcing its aflibercept drug candidate met its primary endpoint.
Why Now?
HEALTH CARE SELECT SECTOR has triggered a new technical analysis ‘rally reversal’ signal. During similar occasions, HEALTH CARE SELECT SECTOR shares had a median return of +7.5%, over the following 3 months – based on 10 historical occasions with 9 of those showing positive returns (90%). This buy signal for HEALTH CARE SELECT SECTOR received a high score of 9.2 (out of 10). This insight was generated on 2022-September-8 with last price of 129.36.
What’s This Company About?
HEALTH CARE SELECT SECTOR is in the Health & Biotechnology business. Based on the last 2 years’ risk/return profile, this asset is seen as Moderate Risk. Ticker symbol: XLV US .
What’s My Risk / Reward and Time Horizon?
We found 3 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 139.02 (+7.5%) has been reached. Based on HEALTH CARE SELECT SECTOR’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 126.46 (last price at 129.36), which is equivalent to a -2.2% decline.
Returns during similar periods:
You might also like: Score 7.3 (out of 10): APPLE sets up for +6% rally in 1 month
(3) Score 9 (out of 10): COSTCO poised to seasonally rally by +5.1% during the next 60
days
What’s Going On Here?
Costco Wholesale is set to open its first stores in New Zealand and Iowa.
Why Now?
COSTCO WHOLESALE indicates an interesting 60 days seasonal set up. During similar occasions, COSTCO WHOLESALE shares had a median return of +5.1% – based on 9 historical occasions with 8 of those showing positive returns (89%). This buy signal for COSTCO WHOLESALE received a high score of 9 (out of 10). This insight was generated with last price of 529.64.
What’s This Company About?
COSTCO WHOLESALE is in the Retail-Discount business. Based on the last 2 years’ risk/return profile, this asset is seen as Moderate Risk. Ticker symbol: COST US.
What’s My Risk / Reward and Time Horizon?
We found 60 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 556.88 (+5.1%) has been reached. Based on COSTCO WHOLESALE’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 513.74 (last price at 529.64), which is equivalent to a -3% decline.
Returns during similar periods:
For more investment insights, please visit us at www.LongShortBets.com