AI BIG Forecast


Price Forecast:


Bearish<->Bullish


Bullish Case: Despite significant store closures, optimism surrounds Big Lots due to potential strategic changes, operational improvements, and an uptick in bargain hunting as economic conditions tighten, possibly leading to enhanced sales and stock recovery.


Bearish Case: Ongoing financial struggles and store closures underscore a bleak outlook for Big Lots. With weak demand and substantial debt, continued operational challenges may threaten the company's survival and further depress stock prices.


Potential Outcomes:

1. Successful turnaround through strategic asset management (30%);

2. Continued consumer weakness and persistent store closures (50%);

3. Unexpected positive catalysts emerge (20%).


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


August 21, 2024


Big Lots Forecast

BIG      Big Lots











Correlated Assets

Assets that tend to move strongly with BIG



U Forecast + Options Trading Strategies   U  Unity Software (0.93)


FRSH Forecast + Options Trading Strategies   FRSH  Freshworks (0.93)


WBA Forecast + Options Trading Strategies   WBA  Walgreens Boots Alliance (0.93)


CHGG Forecast + Options Trading Strategies   CHGG  Chegg (0.92)


ABCL Forecast + Options Trading Strategies   ABCL  AbCellera Biologics (0.92)



Uncorrelated Assets

Assets with little price relationship to BIG



SNY Forecast + Options Trading Strategies   SNY  Sanofi (0.0)


TTC Forecast + Options Trading Strategies   TTC  Toro (-0.0)


ARDX Forecast + Options Trading Strategies   ARDX  Ardelyx (0.01)


CWEB Forecast + Options Trading Strategies   CWEB  Direxion Daily CSI China Internet Index Bu (0.01)


URGN Forecast + Options Trading Strategies   URGN  UroGen Pharma (-0.01)



Anticorrelated Assets

Assets that tend to move strongly against BIG



CNX Forecast + Options Trading Strategies   CNX  CNX Resources (-0.83)


TRGP Forecast + Options Trading Strategies   TRGP  Targa Resources (-0.83)


SE Forecast + Options Trading Strategies   SE  Sea (-0.85)


BJ Forecast + Options Trading Strategies   BJ  BJ's Wholesale Club (-0.86)


ACGL Forecast + Options Trading Strategies   ACGL  Arch (-0.89)





Become a more profitable investor with AI optimized trading strategies






×

Chat with BIG


 Ask any question about BIG!