Maximize Returns with AI-Powered BBY Trading Strategies


BBY Forecast + Trading Strategies



Price Forecast:


Bearish   <->   Bullish



Bullish Case: BBY's aggressive marketing and early Black Friday sales can lead to increased consumer spending, boosting revenues. Improved customer perception from strong sales may enhance stock performance.



Bearish Case: Economic pressures such as inflation may dampen consumer spending, leading to weaker than expected sales this holiday season. Increased competition from online retailers heightens risks for BBY.



Potential Outcomes:

1. 50% chance of strong sales from Black Friday promotions boosting revenue.

2. 30% likelihood of underperformance due to economic constraints.

3. 20% chance of strategic investments leading to longer-term growth.



Trading Oracle: Adopt a bullish strategy by implementing a debit spread: buy 5 $90 call options and sell 5 $92 calls, expiring in ~14 days. This takes advantage of expected volatility spikes and potential price rises around Black Friday with high odds of success at ~75%.


November 19, 2024


Best Buy Forecast

BBY        Best Buy

4 Day Price Forecast + Historical Performance.  Video Tutorial: Trade Smarter With Helium's AI Forecasts

9 Day Price Forecast + Historical Performance.  Video Tutorial: Trade Smarter With Helium's AI Forecasts

20 Day Price Forecast + Historical Performance.  Video Tutorial: Trade Smarter With Helium's AI Forecasts

36 Day Price Forecast + Historical Performance.  Video Tutorial: Trade Smarter With Helium's AI Forecasts

49 Day Price Forecast + Historical Performance.  Video Tutorial: Trade Smarter With Helium's AI Forecasts











Correlated Assets

Assets that tend to move strongly with BBY


EBAY Forecast + Options Trading Strategies   EBAY  EBay (0.88)


IRM Forecast + Options Trading Strategies   IRM  Iron Mountain (0.88)


COHR Forecast + Options Trading Strategies   COHR  Coherent (0.87)


HCA Forecast + Options Trading Strategies   HCA  HCA Healthcare (0.87)


HROW Forecast + Options Trading Strategies   HROW  Harrow Health (0.87)



Uncorrelated Assets

Assets with little price relationship to BBY


CTAS Forecast + Options Trading Strategies   CTAS  Cintas (0.0)


AMKR Forecast + Options Trading Strategies   AMKR  AMKOR Technology (0.0)


CLSK Forecast + Options Trading Strategies   CLSK  Cleanspark (-0.0)


AVXL Forecast + Options Trading Strategies   AVXL  Anavex Life Sciences (-0.0)


GSK Forecast + Options Trading Strategies   GSK  Glaxosmithkline (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against BBY


LABD Forecast + Options Trading Strategies   LABD  Direxion Daily S&P Biotech Bear 3X Shares (-0.83)


CXM Forecast + Options Trading Strategies   CXM  Sprinklr (-0.83)


SNOW Forecast + Options Trading Strategies   SNOW  Snowflake (-0.83)


SDS Forecast + Options Trading Strategies   SDS  ProShares UltraShort S&P500 (-0.85)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.86)







Become a more profitable investor with AI optimized trading strategies





×

Chat with BBY


 Ask any question about BBY!