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DGX Forecast

Bullish Case: DGX leverages strategic acquisitions and new product partnerships like Mainz Biomed to boost revenue, supported by steady core diagnostic services.

Bearish Case: DGX faces hurdles from declining COVID-19 revenues and legal risks, evidenced by backwardation in the implied volatility term structure, indicating market uncertainty.

Potential Outcomes: 40% chance of new product success boosting revenues, 30% chance of continued COVID revenue decline affecting earnings, 20% possibility of legal pressures negatively impacting sentiment.

Trading Oracle: Sell near-dated put credit spreads around the $160 level to profit from current price stability and backwardation-induced volatility. Consider 1-2 month horizon for a high probability of profit given the current options skew. Leverage reduced near-term volatility for potential upside capture.

February 04, 2025

Quest Diagnostics Forecast

DGX Quest Diagnostics

Price Forecast
Future Uncertainty

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Assets that tend to move strongly with DGX

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EVRG Evergy (0.94)

GVA Granite Construction (0.93)

PPC Pilgrim's Pride (0.93)

ERJ Embraer (0.93)

Uncorrelated Assets

Assets with little price relationship to DGX

FENY Fidelity Covington Trust - Fidelity MSCI Energy Index (0.0)

ACB Aurora Cannabis (0.0)

JBLU Jetblue Airways (0.0)

MPWR Monolithic Power System (-0.01)

HCC Warrior Met Coal (-0.01)

Anticorrelated Assets

Assets that tend to move strongly against DGX

IEP Icahn (-0.88)

WBA Walgreens Boots Alliance (-0.88)

SPXS Direxion Daily S&P 500 Bear 3X Shares (-0.9)

XRX Xerox (-0.9)

EL Estee Lauder Cos. (-0.91)

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