HBM Forecast + Trading Strategies


Bullish Case: Recent positive earnings surprises, upward target price revisions by analysts, and notable calls volume suggest anticipation of continued upward momentum. Strong recovery from past lows and current trading below analyst average targets highlight undervaluation and growth potential.


Bearish Case: Revised downward Q2 EPS expectations and significant past volatility indicate potential market sensitivity and earnings inconsistency. Increasing options volatility suggests market uncertainty, which could lead to price decline if future earnings disappoint.


Potential Outcomes:

1. EPS meets/misses revised estimates influencing stock reaction (55%).

2. Market adapting to adjusted EPS forecasts and repositioning (30%).

3. Unexpected external market shocks affecting metal prices and company valuation (15%).


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May 09, 2024


Hudbay Minerals Forecast

HBM        Hudbay Minerals
Price Forecast: BULLISH    Price Action: TRENDING (?)











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Assets that tend to move strongly with HBM



SPYD Forecast + Options Trading Strategies   SPYD  SPDR Series Trust - SPDR Portfolio S&P 500 High Dividend (0.93)


HOOD Forecast + Options Trading Strategies   HOOD  Robinhood Markets (0.93)


RSP Forecast + Options Trading Strategies   RSP  Invesco S&P 500 Equal Weight (0.93)


CMI Forecast + Options Trading Strategies   CMI  Cummins (0.92)


GOTU Forecast + Options Trading Strategies   GOTU  Gaotu Techedu (0.92)



Uncorrelated Stock Forecasts

Assets with little price relationship to HBM



ARKG Forecast + Options Trading Strategies   ARKG  ARK Investment Management LLC - ARK Genomic Revolution (-0.0)


VIR Forecast + Options Trading Strategies   VIR  Vir Biotechnology (-0.0)


LSCC Forecast + Options Trading Strategies   LSCC  Lattice Semiconductor (-0.0)


CIVI Forecast + Options Trading Strategies   CIVI  Civitas Resources Inc New (-0.0)


FSK Forecast + Options Trading Strategies   FSK  FS KKR (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against HBM



HUM Forecast + Options Trading Strategies   HUM  Humana (-0.85)


SDOW Forecast + Options Trading Strategies   SDOW  ProShares UltraPro Short Dow30 (-0.85)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.87)


SRTY Forecast + Options Trading Strategies   SRTY  ProShares UltraPro Short Russell2000 (-0.92)


TZA Forecast + Options Trading Strategies   TZA  Direxion Daily Small Cap Bear 3X Shares (-0.92)


HBM News over Time





Click points to explore news by date. News sentiment ranges from -10 (very negative) to +10 (very positive) where 0 is neutral.






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