Bullish Case: Hubbell's consistent performance, dividend increases, and favorable 84% bullish risk skew, coupled with recent positive price action, present a strong bullish case.


Bearish Case: Insider selling, elevated P/B ratio, and a substantial recent price run-up signal potential headwinds that could lead to a bearish scenario.


Potential Outcomes: 50% moderate upside aligning with growth; 25% pullback due to profit-taking; 25% sideways as market prices in recent gains and disclosures.


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


April 02, 2024


Hubbell Forecast

HUBB        Hubbell
Price Forecast: BULLISH    Price Action: MEAN REVERTING (?)






Correlated Stock Forecasts

Assets that tend to move strongly with HUBB



HRI Forecast + Options Trading Strategies   [HRI]  Herc (0.93)


ICE Forecast + Options Trading Strategies   [ICE]  Intercontinental Exchange (0.9)


GGAL Forecast + Options Trading Strategies   [GGAL]  Grupo Financiero Galicia (0.9)


PCOR Forecast + Options Trading Strategies   [PCOR]  Procore (0.89)


XLI Forecast + Options Trading Strategies   [XLI]  Industrial Select Sector SPDR (0.89)



Uncorrelated Stock Forecasts

Assets with little price relationship to HUBB



WMT Forecast + Options Trading Strategies   [WMT]  Walmart (-0.0)


LNG Forecast + Options Trading Strategies   [LNG]  Cheniere Energy (-0.0)


SSTK Forecast + Options Trading Strategies   [SSTK]  Shutterstock (-0.0)


MBB Forecast + Options Trading Strategies   [MBB]  BTC iShares MBS (0.0)


DLTR Forecast + Options Trading Strategies   [DLTR]  Dollar Tree (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against HUBB



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


SPXU Forecast + Options Trading Strategies   [SPXU]  ProShares UltraPro Short S&P 500 (-0.87)


TZA Forecast + Options Trading Strategies   [TZA]  Direxion Daily Small Cap Bear 3X Shares (-0.88)


SRTY Forecast + Options Trading Strategies   [SRTY]  ProShares UltraPro Short Russell2000 (-0.88)


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





Become a more profitable investor with AI optimized trading strategies






×

Chat with Helium


 Ask me any question!