Bullish Case: GFS, buoyed by CHIPS funding, is positioned for growth in semiconductor markets with federal support enhancing production capacity and fostering innovation [The Register][commerce.gov][Fortune][Yahoo][asia.nikkei.com].


Bearish Case: Potential delays in CHIPS fund utilization, coupled with persistent industry uncertainties and competitive pressures, may hamper GFS's growth prospects [seekingalpha.com][Helium][Helium][Helium][Helium].


Potential Outcomes: CHIPS funding boosts production, driving up GFS stock (40%); demand fluctuation affects revenue causing price volatility (30%); unanticipated regulatory or market changes impact performance (30%).


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April 02, 2024


GlobalFoundries Forecast

GFS        GlobalFoundries
Price Forecast: NEUTRAL    Price Action: RANDOM (?)






Correlated Stock Forecasts

Assets that tend to move strongly with GFS



PSEC Forecast + Options Trading Strategies   [PSEC]  Prospect (0.81)


QCLN Forecast + Options Trading Strategies   [QCLN]  First Trust Nasdaq Clean Edge Green Energy Index (0.8)


NOVA Forecast + Options Trading Strategies   [NOVA]  Sunnova Energy International (0.8)


CRNC Forecast + Options Trading Strategies   [CRNC]  Cerence (0.78)


HIMX Forecast + Options Trading Strategies   [HIMX]  Himax (0.78)



Uncorrelated Stock Forecasts

Assets with little price relationship to GFS



CLDX Forecast + Options Trading Strategies   [CLDX]  Celldex Therapeutics (0.0)


EWZ Forecast + Options Trading Strategies   [EWZ]  iShares MSCI Brazil (-0.0)


SIVR Forecast + Options Trading Strategies   [SIVR]  Aberdeen Standard Physical Silver Shares (-0.0)


WGO Forecast + Options Trading Strategies   [WGO]  Winnebago Industries (0.0)


SPR Forecast + Options Trading Strategies   [SPR]  Spirit Aerosystems (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against GFS



CEG Forecast + Options Trading Strategies   [CEG]  Constellation Energy (-0.65)


FRO Forecast + Options Trading Strategies   [FRO]  Frontline (-0.68)


TW Forecast + Options Trading Strategies   [TW]  Tradeweb Markets (-0.68)


AJG Forecast + Options Trading Strategies   [AJG]  Arthur J. Gallagher (-0.7)


YCS Forecast + Options Trading Strategies   [YCS]  ProShares UltraShort Yen (-0.72)





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