Bullish Case: Insider buying and activist board involvement suggest strong conviction in operational turnaround, potentially driving stock appreciation.


Bearish Case: Recent bearish AI forecast, high implied volatility, and poor earnings reflect sustained negative pressures on stock performance.


Potential Outcomes: Medium-term recovery driven by activist changes (40%), Continued decline on poor earnings and high volatility (60%).


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April 10, 2024


Advance Auto Parts Forecast

AAP        Advance Auto Parts
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)











Correlated Stock Forecasts

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XLP Forecast + Options Trading Strategies   XLP  Consumer Staples Select Sector SPDR (0.91)


KR Forecast + Options Trading Strategies   KR  Kroger (0.87)


HOLX Forecast + Options Trading Strategies   HOLX  Hologic (0.86)


SUPN Forecast + Options Trading Strategies   SUPN  Supernus Pharmaceuticals (0.86)


JYNT Forecast + Options Trading Strategies   JYNT  Joint (0.85)



Uncorrelated Stock Forecasts

Assets with little price relationship to AAP



CRH Forecast + Options Trading Strategies   CRH  CRH Plc (0.0)


FSS Forecast + Options Trading Strategies   FSS  Federal Signal (0.0)


BZH Forecast + Options Trading Strategies   BZH  Beazer Homes USA (0.0)


BPOP Forecast + Options Trading Strategies   BPOP  Popular (-0.0)


SIG Forecast + Options Trading Strategies   SIG  Signet Jewelers (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against AAP



TIGR Forecast + Options Trading Strategies   TIGR  UP Fintech (-0.72)


HDSN Forecast + Options Trading Strategies   HDSN  Hudson Technologies (-0.73)


LNG Forecast + Options Trading Strategies   LNG  Cheniere Energy (-0.73)


CWCO Forecast + Options Trading Strategies   CWCO  Consolidated Water (-0.73)


UUUU Forecast + Options Trading Strategies   UUUU  Energy Fuels (-0.83)





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