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Price Forecast:


Bearish   <->   Bullish



Bullish Case: Hanesbrands may benefit from improving operational efficiencies and potential debt reduction, possibly driving share prices towards $8 in the medium term, supported by historical upside trends in similar market conditions.



Bearish Case: Increased market uncertainty and high debt levels may hinder recovery, possibly leading shares to decline back towards $5.5 if upcoming earnings underperform against expectations.



Potential Outcomes:

1) Price surges to $8 (35% chance) due to operational improvements;

2) Decline to $5.5 (30% chance) driven by market instability;

3) Stability around $7 with minor fluctuations (35% chance) as volatility persists.



Trading Oracle: Engage in a bullish credit spread by selling 3 $7.0 strike puts and buying 5 $6.0 strike puts to capitalize on low volatility expectations with positive edge and a 72% profit probability. Target a return of $0.20 per risk unit with minimal downside exposure.


October 06, 2024


Hanesbrands Forecast

HBI        Hanesbrands

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