Bullish Case: Nordstrom's resilience to market trends, recent rise in stock price, and strategic growth initiatives could foster continued momentum.


Bearish Case: Continued urban challenges, store closures, and insider selling signal potential instability and pressure on Nordstrom's profitability.


Potential Outcomes:

1) Strategic initiatives push stock higher (35%).

2) Urban issues and insider selling cause decline (40%).

3) Mean reversion maintains current levels (25%).


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


April 09, 2024


Nordstrom Forecast

JWN        Nordstrom
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)






Correlated Stock Forecasts

Assets that tend to move strongly with JWN



BBY Forecast + Options Trading Strategies   [BBY]  Best Buy (0.86)


TNA Forecast + Options Trading Strategies   [TNA]  Direxion Daily Small Cap Bull 3X Shares (0.85)


DOCN Forecast + Options Trading Strategies   [DOCN]  DigitalOcean (0.84)


NICE Forecast + Options Trading Strategies   [NICE]  NICE (0.82)


SHAK Forecast + Options Trading Strategies   [SHAK]  Shake Shack (0.82)



Uncorrelated Stock Forecasts

Assets with little price relationship to JWN



KWEB Forecast + Options Trading Strategies   [KWEB]  KraneShares CSI China Internet (0.0)


AMGN Forecast + Options Trading Strategies   [AMGN]  AMGEN (-0.0)


BCRX Forecast + Options Trading Strategies   [BCRX]  Biocryst Pharmaceuticals (-0.0)


BXMT Forecast + Options Trading Strategies   [BXMT]  Blackstone Mortgage (0.0)


GRPN Forecast + Options Trading Strategies   [GRPN]  Groupon (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against JWN



DRV Forecast + Options Trading Strategies   [DRV]  Direxion Daily Real Estate Bear 3X Shares (-0.65)


SRS Forecast + Options Trading Strategies   [SRS]  ProShares UltraShort Real Estate (-0.67)


SRTY Forecast + Options Trading Strategies   [SRTY]  ProShares UltraPro Short Russell2000 (-0.73)


TZA Forecast + Options Trading Strategies   [TZA]  Direxion Daily Small Cap Bear 3X Shares (-0.74)


RWM Forecast + Options Trading Strategies   [RWM]  ProShares Trust - ProShares Short Russell2000 (-0.77)





Become a more profitable investor with AI optimized trading strategies






×

Chat with Helium


 Ask me any question!