Bullish Case: CRUS's inclusion in Intel’s Lunar Lake laptops and spectacular recent quarter [tomshardware.com][seekingalpha.com] could boost investor sentiment and stock price, challenging mean reversion trend [Helium][Helium].


Bearish Case: Despite recent gains [Helium][Helium][Helium], mean-reverting price action [Helium][Helium] and historical negative returns [Helium] suggest limited upside, leaning towards a bearish outlook.


Potential Outcomes:

1. Upbeat Q1 earnings drive rally: 25%.

2. Inclusion in Lunar Lake underwhelms: 30%.

3. Market mean-reversion continues: 45%.


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February 14, 2024


Cirrus Logic Forecast

[CRUS]  Cirrus Logic
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)



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CRUS Balanced News:


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SONO Forecast + Options Trading Strategies   [SONO]  Sonos (0.86)


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HOG Forecast + Options Trading Strategies   [HOG]  Harley-Davidson (0.85)


SWKS Forecast + Options Trading Strategies   [SWKS]  Skyworks Solutions (0.85)


TNDM Forecast + Options Trading Strategies   [TNDM]  Tandem Diabetes Care (0.83)



Uncorrelated Stock Forecasts

Assets with little price relationship to CRUS



JEF Forecast + Options Trading Strategies   [JEF]  Jefferies Financial (0.0)


NCLH Forecast + Options Trading Strategies   [NCLH]  Norwegian Cruise Line (-0.0)


NET Forecast + Options Trading Strategies   [NET]  Cloudflare (0.0)


WCLD Forecast + Options Trading Strategies   [WCLD]  WisdomTree Cloud Computing (-0.0)


QSR Forecast + Options Trading Strategies   [QSR]  Restaurant Brands International (-0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against CRUS



RRC Forecast + Options Trading Strategies   [RRC]  Range Resources (-0.69)


TBT Forecast + Options Trading Strategies   [TBT]  PowerShares UltraShort Lehman 20+ Yea (-0.69)


OHI Forecast + Options Trading Strategies   [OHI]  Omega Healthcare Investors (-0.73)


RELY Forecast + Options Trading Strategies   [RELY]  Remitly (-0.74)


CANE Forecast + Options Trading Strategies   [CANE]  Teucrium Sugar (-0.83)





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