Bullish Case: GPMT's recent dividend declaration suggests management confidence in its liquidity and balance sheet, despite challenging market conditions. Near-term price stabilization around $4.50 could precede a rebound.


Bearish Case: GPMT's steady price decline across multiple time frames, coupled with market uncertainty and a high-interest rate environment pressuring real estate values, indicate ongoing bearish trends.


Potential Outcomes: 50% chance GPMT stabilizes near $4.50, adapting to market headwinds. 50% probability further decline, pressured by commercial real estate industry challenges and interest rate environment.


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April 03, 2024


Granite Point Mortgage Forecast

GPMT        Granite Point Mortgage
Price Forecast: NEUTRAL    Price Action: TRENDING (?)






Correlated Stock Forecasts

Assets that tend to move strongly with GPMT



BERY Forecast + Options Trading Strategies   [BERY]  Berry (0.91)


FIVN Forecast + Options Trading Strategies   [FIVN]  Five9 (0.85)


TWLO Forecast + Options Trading Strategies   [TWLO]  Twilio (0.83)


AAPL Forecast + Options Trading Strategies   [AAPL]  Apple (0.8)


VLY Forecast + Options Trading Strategies   [VLY]  Valley National Bancorp (0.8)



Uncorrelated Stock Forecasts

Assets with little price relationship to GPMT



SPWR Forecast + Options Trading Strategies   [SPWR]  Sunpower (0.0)


PLCE Forecast + Options Trading Strategies   [PLCE]  Childrens Place (-0.0)


BAX Forecast + Options Trading Strategies   [BAX]  Baxter International (-0.0)


GDXJ Forecast + Options Trading Strategies   [GDXJ]  VanEck Vectors Junior Gold Miners (0.0)


SAND Forecast + Options Trading Strategies   [SAND]  Sandstorm Gold (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against GPMT



DRV Forecast + Options Trading Strategies   [DRV]  Direxion Daily Real Estate Bear 3X Shares (-0.48)


CNK Forecast + Options Trading Strategies   [CNK]  Cinemark (-0.5)


XOM Forecast + Options Trading Strategies   [XOM]  Exxon Mobil (-0.54)


SPXU Forecast + Options Trading Strategies   [SPXU]  ProShares UltraPro Short S&P 500 (-0.61)


BJ Forecast + Options Trading Strategies   [BJ]  BJ's Wholesale Club (-0.62)





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