HOFT Forecast


Bullish Case: HOFT's new retail team and strategic remerchandising could drive demand recovery. Strong cash reserves and reduced inventory aid growth prospects.


Bearish Case: Weak demand and financial instability at media parent company could impede short-term recovery. High implied volatility signals market uncertainty.


Potential Outcomes: 50% chance pricing loss up to 20%, 35% stable pricing, and 15% rebound. Weak demand and current financial turmoil drive these probabilities.


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


June 27, 2024


Hooker Furnishings Forecast

HOFT      Hooker Furnishings











Correlated Assets

Assets that tend to move strongly with HOFT



XRX Forecast + Options Trading Strategies   XRX  Xerox (0.87)


JBHT Forecast + Options Trading Strategies   JBHT  J.B. Hunt Transport Services (0.87)


ULTA Forecast + Options Trading Strategies   ULTA  Ulta Beauty (0.85)


THO Forecast + Options Trading Strategies   THO  Thor Industries (0.85)


CTSH Forecast + Options Trading Strategies   CTSH  Cognizant Technology (0.85)



Uncorrelated Assets

Assets with little price relationship to HOFT



TPC Forecast + Options Trading Strategies   TPC  Tutor Perini (-0.0)


ASC Forecast + Options Trading Strategies   ASC  Ardmore Shipping (-0.0)


PPC Forecast + Options Trading Strategies   PPC  Pilgrim's Pride (-0.0)


AWK Forecast + Options Trading Strategies   AWK  American Water Works (0.0)


RY Forecast + Options Trading Strategies   RY  Royal Bank Of Canada (0.0)



Anticorrelated Assets

Assets that tend to move strongly against HOFT



AR Forecast + Options Trading Strategies   AR  Antero Resources (-0.65)


UUP Forecast + Options Trading Strategies   UUP  Invesco DB US Dollar Index Bullish (-0.66)


RRC Forecast + Options Trading Strategies   RRC  Range Resources (-0.67)


SPXU Forecast + Options Trading Strategies   SPXU  ProShares UltraPro Short S&P 500 (-0.69)


QID Forecast + Options Trading Strategies   QID  ProShares UltraShort QQQ (-0.78)





Become a more profitable investor with AI optimized trading strategies






×

Chat with HOFT


 Ask any question about HOFT!