CNXC Forecast


Bullish Case: CNXC's technological capabilities in customer experience optimization and a recent history of favorable earnings, coupled with increased institutional investments, position it well for resilience and recovery from its current lows.


Bearish Case: Recent severe price declines, ongoing market volatility, and fears around AI's impact on business efficiency, alongside increased implied volatility, may lead to persistent bearish sentiment and further downfall.


Potential Outcomes:

1) Strategic growth initiatives push share growth (40%).

2) AI disruption leads to restructuring costs (30%).

3) Increased institutional investments stabilize share price (30%).


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April 24, 2024


Concentrix Forecast

CNXC        Concentrix
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)











Correlated Stock Forecasts

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SBAC Forecast + Options Trading Strategies   SBAC  SBA Communications (0.78)


XEL Forecast + Options Trading Strategies   XEL  Xcel Energy (0.78)


ERY Forecast + Options Trading Strategies   ERY  Direxion Daily Energy Bear 2X Shares (0.78)


SMAR Forecast + Options Trading Strategies   SMAR  Smartsheet (0.76)


PLNT Forecast + Options Trading Strategies   PLNT  Planet Fitness (0.76)



Uncorrelated Stock Forecasts

Assets with little price relationship to CNXC



DLO Forecast + Options Trading Strategies   DLO  DLocal (0.0)


PPL Forecast + Options Trading Strategies   PPL  PPL (0.0)


ASO Forecast + Options Trading Strategies   ASO  Academy Sports and Outdoors (0.0)


MCHP Forecast + Options Trading Strategies   MCHP  Microchip Technology (0.0)


ADI Forecast + Options Trading Strategies   ADI  Analog Devices (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against CNXC



ERX Forecast + Options Trading Strategies   ERX  Direxion Daily Energy Bull 2X Shares (-0.8)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (-0.8)


MGY Forecast + Options Trading Strategies   MGY  Magnolia Oil & Gas Corp (-0.82)


UNM Forecast + Options Trading Strategies   UNM  Unum (-0.82)


XOM Forecast + Options Trading Strategies   XOM  Exxon Mobil (-0.85)





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