Bullish Case: DK's ongoing carbon capture initiatives signal alignment with sustainable energy transition trends, which could foster regulatory and market support. Recent price recovery and institutional interest provide a foundation for upwards momentum in response to positive industry tailwinds and earnings surprises.


Bearish Case: Recent significant stake reductions by key investors and a forecasted earnings decline suggest weakening confidence in DK’s financial prospects. With high volatility and negative analyst revisions, the risk of continuing downward price adjustments remains substantial.


Potential Outcomes:

1. Outperforming earnings forecast (30% probability) could reverse the bearish trend.

2. Continuous sell-off by institutional investors (40% probability) may push prices lower.

3. Successful advancement in sustainability projects (30% probability) could provide a bullish push.


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


April 19, 2024


Delek US Forecast

DK        Delek US
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)











Correlated Stock Forecasts

Assets that tend to move strongly with DK



CVI Forecast + Options Trading Strategies   CVI  CVR Energy (0.87)


XOP Forecast + Options Trading Strategies   XOP  SPDR Oil & Gas Exploration and Production (0.82)


XLE Forecast + Options Trading Strategies   XLE  Energy Select Sector SPDR (0.81)


BNO Forecast + Options Trading Strategies   BNO  United States Commodity Funds LLC - United States Brent Crude Oil (0.8)


LYB Forecast + Options Trading Strategies   LYB  LyondellBasell Industries (0.79)



Uncorrelated Stock Forecasts

Assets with little price relationship to DK



ANNX Forecast + Options Trading Strategies   ANNX  Annexon (-0.0)


JDST Forecast + Options Trading Strategies   JDST  Direxion Daily Junior Gold Miners Index Be (-0.0)


MFA Forecast + Options Trading Strategies   MFA  MFA Financial (-0.0)


NBR Forecast + Options Trading Strategies   NBR  Nabors Industries (0.0)


UGL Forecast + Options Trading Strategies   UGL  ProShares Ultra Gold (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against DK



WBA Forecast + Options Trading Strategies   WBA  Walgreens Boots Alliance (-0.69)


XEL Forecast + Options Trading Strategies   XEL  Xcel Energy (-0.69)


VRSN Forecast + Options Trading Strategies   VRSN  Verisign (-0.72)


DRIP Forecast + Options Trading Strategies   DRIP  Direxion Daily S&P Oil & Gas Exp. & Prod. (-0.82)


ERY Forecast + Options Trading Strategies   ERY  Direxion Daily Energy Bear 2X Shares (-0.83)





Become a more profitable investor with AI optimized trading strategies






×

Chat with DK


 Ask me any question!