Bullish Case: Robust Q4 earnings, dividend increase, and strategic efficiencies bode well for GPC, coupled with high institutional ownership signaling confidence and potential for continued revenue growth.


Bearish Case: Market uncertainty, potential global economic downturn, flat term structure of volatility, and high price-to-book ratio suggest a cautious approach; low option trading volume implies limited investor excitement.


Potential Outcomes: GPC's price may see moderate growth (55%) due to strategic success and dividend attractiveness; there's a risk of correction (30%) from economic headwinds; price may stagnate (15%) amid market uncertainty.


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March 21, 2024


Genuine Parts Forecast

GPC        Genuine Parts
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)






Correlated Stock Forecasts

Assets that tend to move strongly with GPC



EL Forecast + Options Trading Strategies   [EL]  Estee Lauder Cos. (0.92)


ESTA Forecast + Options Trading Strategies   [ESTA]  Establishment Labs (0.92)


OGN Forecast + Options Trading Strategies   [OGN]  Organon (0.9)


HOLX Forecast + Options Trading Strategies   [HOLX]  Hologic (0.88)


BAX Forecast + Options Trading Strategies   [BAX]  Baxter International (0.88)



Uncorrelated Stock Forecasts

Assets with little price relationship to GPC



SOFI Forecast + Options Trading Strategies   [SOFI]  SoFi (0.0)


HOOD Forecast + Options Trading Strategies   [HOOD]  Robinhood Markets (0.0)


FHN Forecast + Options Trading Strategies   [FHN]  First Horizon (0.0)


KMI Forecast + Options Trading Strategies   [KMI]  Kinder Morgan (0.0)


FOUR Forecast + Options Trading Strategies   [FOUR]  Shift4 Payments (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against GPC



LNG Forecast + Options Trading Strategies   [LNG]  Cheniere Energy (-0.77)


AKAM Forecast + Options Trading Strategies   [AKAM]  Akamai (-0.78)


UUUU Forecast + Options Trading Strategies   [UUUU]  Energy Fuels (-0.78)


QLYS Forecast + Options Trading Strategies   [QLYS]  Qualys (-0.8)


IONS Forecast + Options Trading Strategies   [IONS]  Ionis Pharmaceuticals (-0.84)





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