Bullish Case: LEG's price-to-book ratio of 2.9 and status as a dividend king may entice value investors, potentially offsetting recent performance woes.


Bearish Case: Continued underperformance, declining revenues, a high debt load, and negative earnings revisions signal further downside for LEG.


Potential Outcomes: Possible bearish outcomes include further declines or a flat market, with bearish short volatility trades being the most viable strategy at this juncture.


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April 10, 2024


Leggett & Platt Forecast

LEG        Leggett & Platt
Price Forecast: BEARISH    Price Action: RANDOM (?)






Correlated Stock Forecasts

Assets that tend to move strongly with LEG



BIIB Forecast + Options Trading Strategies   [BIIB]  Biogen (0.96)


CCSI Forecast + Options Trading Strategies   [CCSI]  Consensus Cloud (0.96)


CRSR Forecast + Options Trading Strategies   [CRSR]  Corsair Gaming (0.95)


NVRO Forecast + Options Trading Strategies   [NVRO]  Nevro (0.94)


SEDG Forecast + Options Trading Strategies   [SEDG]  Solaredge (0.94)



Uncorrelated Stock Forecasts

Assets with little price relationship to LEG



BCS Forecast + Options Trading Strategies   [BCS]  Barclays (-0.0)


LEA Forecast + Options Trading Strategies   [LEA]  Lear (0.0)


SKYT Forecast + Options Trading Strategies   [SKYT]  SkyWater Technology (0.0)


FXF Forecast + Options Trading Strategies   [FXF]  Rydex Investments - Invesco CurrencyShares Swiss Franc (-0.01)


OUST Forecast + Options Trading Strategies   [OUST]  Ouster (-0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against LEG



BWXT Forecast + Options Trading Strategies   [BWXT]  BWX (-0.92)


LBRT Forecast + Options Trading Strategies   [LBRT]  Liberty Oilfield Services (-0.93)


FRO Forecast + Options Trading Strategies   [FRO]  Frontline (-0.93)


DXJ Forecast + Options Trading Strategies   [DXJ]  WisdomTree Japan Hedged Equity (-0.93)


YCS Forecast + Options Trading Strategies   [YCS]  ProShares UltraShort Yen (-0.97)


LEG News over Time





Click points to explore news by date. News sentiment ranges from -10 (very negative) to +10 (very positive) where 0 is neutral.






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