Bullish Case: IGT shows consistent dividend payments, has a significant insider stake aligning with shareholder interests, and strong earnings growth potential that may lead to a rebound in price.


Bearish Case: High payout ratio, poor price performance, and concerns over sustainability due to dividends not covered by earnings signal potential financial strain.


Potential Outcomes:

1) Earnings beat expectations due to expansion efforts, spurring a price rebound (35%).

2) Earnings disappoint, leading to a sustained downtrend (50%).

3) Unchanged, market-adjusted performance (15%).


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


March 28, 2024


International Game Technology Forecast

IGT        International Game Technology
Price Forecast: BULLISH    Price Action: MEAN REVERTING (?)






Correlated Stock Forecasts

Assets that tend to move strongly with IGT



CAR Forecast + Options Trading Strategies   [CAR]  Avis Budget (0.87)


EXTR Forecast + Options Trading Strategies   [EXTR]  Extreme Networks (0.87)


AEHR Forecast + Options Trading Strategies   [AEHR]  Aehr Test Systems (0.86)


ADNT Forecast + Options Trading Strategies   [ADNT]  Adient (0.84)


DAN Forecast + Options Trading Strategies   [DAN]  Dana (0.83)



Uncorrelated Stock Forecasts

Assets with little price relationship to IGT



FTNT Forecast + Options Trading Strategies   [FTNT]  Fortinet (-0.0)


CNXC Forecast + Options Trading Strategies   [CNXC]  Concentrix (-0.0)


UAA Forecast + Options Trading Strategies   [UAA]  Under Armour (0.0)


UNM Forecast + Options Trading Strategies   [UNM]  Unum (0.0)


VWO Forecast + Options Trading Strategies   [VWO]  Vanguard Group, Inc. - Vanguard FTSE Emerging Markets (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against IGT



GLD Forecast + Options Trading Strategies   [GLD]  SPDR Gold Shares (-0.76)


GEO Forecast + Options Trading Strategies   [GEO]  Geo Group (-0.78)


HMY Forecast + Options Trading Strategies   [HMY]  Harmony Gold Mining (-0.78)


BYRN Forecast + Options Trading Strategies   [BYRN]  Byrna (-0.79)


WING Forecast + Options Trading Strategies   [WING]  Wingstop (-0.82)





Become a more profitable investor with AI optimized trading strategies






×

Chat with Helium


 Ask me any question!