HWM Forecast + Trading Strategies


Bullish Case: Howmet Aerospace's (HWM) revenue growth, institutional backing, and favorable aerospace sector trends indicate potential stock price appreciation. Historical returns support future gains.


Bearish Case: Insider stock sales, recent price decline, and relatively high volatility suggest potential short-term weakness and increased downside risk. Institutional exits may trigger further declines.


Potential Outcomes:

1. Sustained growth 40%, driven by commercial aerospace demand and institutional support.

2. Modest decline 30% from profit-taking.

3. Major downturn 15% due to unforeseen negative events.

4. Minimal change 15% due to flat price trends.


Trading Oracle: Bearish short volatility strategy favored. Sell 1 $87.5 strike call, buy 1 $92.5 strike call, expiring in ~120 days. Market and Helium profit odds align at 72%. Current implied volatility trends support this high-reward, positive edge spread.


July 19, 2024


Howmet Aerospace Forecast

HWM      Howmet Aerospace











Correlated Assets

Assets that tend to move strongly with HWM



TXRH Forecast + Options Trading Strategies   TXRH  Texas Roadhouse (0.98)


ITA Forecast + Options Trading Strategies   ITA  BTC iShares U.S. Aerospac (0.98)


ECL Forecast + Options Trading Strategies   ECL  Ecolab (0.98)


XYL Forecast + Options Trading Strategies   XYL  Xylem (0.98)


SPLG Forecast + Options Trading Strategies   SPLG  SPDR Series Trust - SPDR Portfolio S&P 500 (0.97)



Uncorrelated Assets

Assets with little price relationship to HWM



CLX Forecast + Options Trading Strategies   CLX  Clorox (-0.0)


HAS Forecast + Options Trading Strategies   HAS  Hasbro (0.0)


SONY Forecast + Options Trading Strategies   SONY  Sony Group Corporation (0.01)


PBF Forecast + Options Trading Strategies   PBF  PBF Energy (-0.01)


SMAR Forecast + Options Trading Strategies   SMAR  Smartsheet (0.01)



Anticorrelated Assets

Assets that tend to move strongly against HWM



FWRD Forecast + Options Trading Strategies   FWRD  Forward Air (-0.93)


VIXY Forecast + Options Trading Strategies   VIXY  ProShares VIX Short-Term Futures (-0.95)


SH Forecast + Options Trading Strategies   SH  ProShares Short S&P500 (-0.96)


SQQQ Forecast + Options Trading Strategies   SQQQ  ProShares UltraPro Short QQQ (-0.96)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.97)





Become a more profitable investor with AI optimized trading strategies






×

Chat with HWM


 Ask any question about HWM!