AI HUBB Forecast


Price Forecast:


Bearish<->Bullish


Bullish Case: Hubbell's strategic acquisitions and consistent earnings growth suggest strong operational efficiency. Increased analyst confidence and solid dividend payouts indicate potential price appreciation.


Bearish Case: High insider selling and a volatile market could erode investor confidence. Mixed analyst reviews might lead to skepticism and potential price declines amid recent highs.


Potential Outcomes:

1) 60%: Continued operational improvements and positive market conditions lead to price growth.

2) 25%: Market skepticism results in a decline.

3) 15%: Stagnation due to mixed signals.


Trading Oracle: Initiate long-dated debit spreads targeting September expirations, capitalizing on high implied volatility. Focus on HUBB 400C/410C for bullish exposure in a favorable risk/reward setup, given market conditions.


August 25, 2024


Hubbell Forecast

HUBB      Hubbell











Correlated Assets

Assets that tend to move strongly with HUBB



CAT Forecast + Options Trading Strategies   CAT  Caterpillar (0.96)


CNM Forecast + Options Trading Strategies   CNM  Core & Main (0.93)


RJF Forecast + Options Trading Strategies   RJF  Raymond James Financial (0.92)


APH Forecast + Options Trading Strategies   APH  Amphenol (0.92)


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



Uncorrelated Assets

Assets with little price relationship to HUBB



GPN Forecast + Options Trading Strategies   GPN  Global Payments (-0.0)


PBR Forecast + Options Trading Strategies   PBR  Petroleo Brasileiro S.A. Petrobras (-0.0)


BYD Forecast + Options Trading Strategies   BYD  Boyd Gaming (0.0)


GOOS Forecast + Options Trading Strategies   GOOS  Canada Goose Holdings Inc (Subord Vot Shs) (0.0)


LH Forecast + Options Trading Strategies   LH  Laboratory Corp. Of America (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against HUBB



SRTY Forecast + Options Trading Strategies   SRTY  ProShares UltraPro Short Russell2000 (-0.82)


CHTR Forecast + Options Trading Strategies   CHTR  Charter Communications (-0.85)


AGL Forecast + Options Trading Strategies   AGL  Agilon Health (-0.85)


NKLA Forecast + Options Trading Strategies   NKLA  Nikola (-0.86)


HUM Forecast + Options Trading Strategies   HUM  Humana (-0.93)





Become a more profitable investor with AI optimized trading strategies






×

Chat with HUBB


 Ask any question about HUBB!