FWRD Forecast + Trading Strategies


Bullish Case: Forward Air's previous cost-cutting measures and improved leverage show increased financial health. There's potential upside from activist investor Irenic Capital's stake, and any success in synergies could swiftly uplift the stock.


Bearish Case: Persistent weak earnings, high debt, and lack of strategic clarity undermine prospects. Elevated implied volatility and negative price forecasts reinforce the bearish outlook, anticipating more price declines.


Potential Outcomes: 25% chance - Successful operational turnaround. 55% chance - Continued weak earnings pressure. 20% chance - External market disruptions exacerbate the downtrend.


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


July 19, 2024


Forward Air Forecast

FWRD      Forward Air











Correlated Assets

Assets that tend to move strongly with FWRD



IGT Forecast + Options Trading Strategies   IGT  International Game Technology (0.94)


CMP Forecast + Options Trading Strategies   CMP  Compass Minerals International (0.94)


MED Forecast + Options Trading Strategies   MED  Medifast (0.94)


WTI Forecast + Options Trading Strategies   WTI  W & T Offshore (0.94)


PRTA Forecast + Options Trading Strategies   PRTA  Prothena (0.94)



Uncorrelated Assets

Assets with little price relationship to FWRD



DVN Forecast + Options Trading Strategies   DVN  Devon Energy (-0.0)


LBTYA Forecast + Options Trading Strategies   LBTYA  Liberty Global plc (-0.0)


FXE Forecast + Options Trading Strategies   FXE  Invesco CurrencyShares Euro (-0.0)


WYNN Forecast + Options Trading Strategies   WYNN  Wynn Resorts (-0.0)


HES Forecast + Options Trading Strategies   HES  Hess (0.01)



Anticorrelated Assets

Assets that tend to move strongly against FWRD



BSX Forecast + Options Trading Strategies   BSX  Boston Scientific (-0.94)


WING Forecast + Options Trading Strategies   WING  Wingstop (-0.94)


VRT Forecast + Options Trading Strategies   VRT  Vertiv (-0.95)


NRG Forecast + Options Trading Strategies   NRG  NRG Energy (-0.95)


VST Forecast + Options Trading Strategies   VST  Vistra (-0.97)





Become a more profitable investor with AI optimized trading strategies






×

Chat with FWRD


 Ask any question about FWRD!