Bullish Case: Quest Diagnostics continues to innovate with new products, evident by its acquisition of Lenco Diagnostics Laboratories, and retains financial health through dividend hikes despite legal settlements.


Bearish Case: DGX faces headwinds from the decline in COVID-19 testing revenue, recent environmental settlements, and a flat term structure indicating market uncertainty.


Potential Outcomes: 1 - 40%: DGX recovers from legal penalties through new product integration. 2 - 35%: Persistent decline in COVID-19 testing revenue impacts earnings. 3 - 25%: Market volatility affects DGX stock price in near term.


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


March 26, 2024


Quest Diagnostics Forecast

DGX        Quest Diagnostics
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)






Correlated Stock Forecasts

Assets that tend to move strongly with DGX



AES Forecast + Options Trading Strategies   [AES]  AES (0.8)


SRE Forecast + Options Trading Strategies   [SRE]  Sempra Energy (0.77)


PENN Forecast + Options Trading Strategies   [PENN]  Penn National Gaming (0.77)


ADC Forecast + Options Trading Strategies   [ADC]  Agree Realty (0.76)


PCG Forecast + Options Trading Strategies   [PCG]  PG&E (0.74)



Uncorrelated Stock Forecasts

Assets with little price relationship to DGX



RXRX Forecast + Options Trading Strategies   [RXRX]  Recursion Pharmaceuticals (-0.0)


THO Forecast + Options Trading Strategies   [THO]  Thor Industries (-0.0)


ZTS Forecast + Options Trading Strategies   [ZTS]  Zoetis (-0.0)


BZH Forecast + Options Trading Strategies   [BZH]  Beazer Homes USA (-0.0)


SUM Forecast + Options Trading Strategies   [SUM]  Summit Materials (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against DGX



USL Forecast + Options Trading Strategies   [USL]  United States Commodity Funds LLC - United States 12 Month Oil (-0.67)


HMC Forecast + Options Trading Strategies   [HMC]  Honda Motor (-0.69)


BNO Forecast + Options Trading Strategies   [BNO]  United States Commodity Funds LLC - United States Brent Crude Oil (-0.7)


TUR Forecast + Options Trading Strategies   [TUR]  BlackRock Institutional Trust Company N.A. - iShares MSCI Turkey (-0.73)


EUO Forecast + Options Trading Strategies   [EUO]  ProShares UltraShort Euro (-0.8)





Become a more profitable investor with AI optimized trading strategies






×

Chat with Helium


 Ask me any question!