Bullish Case: Potential turnaround leveraged by institutional interest may ignite a rally, exploiting recent mean-reverting signs and market absorption of negative press.


Bearish Case: Historical underperformance, structural challenges, and high volatility suggest further downside amid market skepticism and poor sentiment.


Potential Outcomes:

1) Turnaround success with product innovation and cost cuts (15%);

2) Continued decline on competition, debt strain (50%);

3) Sideways trading on market indecision (35%).


Trading Oracle: Sign Up to access trading oracle trade ideas.


April 04, 2024


B&G Foods Forecast

BGS        B&G Foods
Price Forecast: BEARISH    Price Action: MEAN REVERTING (?)






Correlated Stock Forecasts

Assets that tend to move strongly with BGS



D Forecast + Options Trading Strategies   [D]  Dominion Energy (0.91)


BKH Forecast + Options Trading Strategies   [BKH]  Black Hills (0.91)


EL Forecast + Options Trading Strategies   [EL]  Estee Lauder Cos. (0.9)


EVRG Forecast + Options Trading Strategies   [EVRG]  Evergy (0.9)


KMB Forecast + Options Trading Strategies   [KMB]  Kimberly-Clark (0.9)



Uncorrelated Stock Forecasts

Assets with little price relationship to BGS



ADT Forecast + Options Trading Strategies   [ADT]  ADT (0.0)


CX Forecast + Options Trading Strategies   [CX]  Cemex S.A.B. De C.V. (-0.0)


PTEN Forecast + Options Trading Strategies   [PTEN]  Patterson-UTI Energy (-0.0)


TFC Forecast + Options Trading Strategies   [TFC]  Truist Financial (0.0)


MRVL Forecast + Options Trading Strategies   [MRVL]  Marvell Technology (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against BGS



IONS Forecast + Options Trading Strategies   [IONS]  Ionis Pharmaceuticals (-0.78)


CQP Forecast + Options Trading Strategies   [CQP]  Cheniere Energy (-0.78)


TBF Forecast + Options Trading Strategies   [TBF]  ProShares Short 20+ Year Treasury (-0.8)


TBT Forecast + Options Trading Strategies   [TBT]  PowerShares UltraShort Lehman 20+ Yea (-0.8)


HDSN Forecast + Options Trading Strategies   [HDSN]  Hudson Technologies (-0.81)





Become a more profitable investor with AI optimized trading strategies






×

Chat with Helium


 Ask me any question!