CNC Forecast + Trading Strategies


Bullish Case: Centene's insider buying suggests confidence, operational focus on profitable sectors, and recent sale of assets provide room for growth and share price appreciation.


Bearish Case: Recent layoffs, active legal challenges, and a possible overvaluation marked by Helium's higher implied volatility indicate potential upcoming price correction.


Potential Outcomes: 50% chance of growth from refocusing efforts; 30% risk of decline from legal challenges; 20% chance of market factors, such as interest rates, affecting the stock.


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April 13, 2024


Centene Forecast

CNC        Centene
Price Forecast: NEUTRAL    Price Action: RANDOM (?)











Correlated Stock Forecasts

Assets that tend to move strongly with CNC



SUN Forecast + Options Trading Strategies   SUN  Sunoco (0.9)


TMUS Forecast + Options Trading Strategies   TMUS  T-Mobile US (0.88)


TAL Forecast + Options Trading Strategies   TAL  TAL Education (0.87)


CRWD Forecast + Options Trading Strategies   CRWD  Crowdstrike (0.87)


CB Forecast + Options Trading Strategies   CB  Chubb (0.87)



Uncorrelated Stock Forecasts

Assets with little price relationship to CNC



TGTX Forecast + Options Trading Strategies   TGTX  TG Therapeutics (-0.0)


TER Forecast + Options Trading Strategies   TER  Teradyne (0.0)


NVS Forecast + Options Trading Strategies   NVS  Novartis (-0.01)


NSP Forecast + Options Trading Strategies   NSP  Insperity (-0.01)


EBAY Forecast + Options Trading Strategies   EBAY  EBay (-0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against CNC



REMX Forecast + Options Trading Strategies   REMX  VanEck Vectors Rare Earth/Strategic Metals (-0.83)


SBSW Forecast + Options Trading Strategies   SBSW  Sibanye Stillwater (-0.83)


MESO Forecast + Options Trading Strategies   MESO  Mesoblast (-0.84)


FNV Forecast + Options Trading Strategies   FNV  Franco-Nevada (-0.84)


BB Forecast + Options Trading Strategies   BB  BlackBerry (-0.84)





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