LEG Forecast + Trading Strategies


Bullish Case: LEG's historical status as a dividend king, coupled with insider buying signals confidence. Potential earnings growth and strategic acquisitions might attract value investors, boosting the stock.


Bearish Case: High debt load, declining fundamentals, and recent removal from S&P MidCap 400 highlight severe downside risk. Continued negative revisions and market underperformance further support a bearish outlook.


Potential Outcomes: 50% further decline due to weak fundamentals, 30% neutral performance driven by dividend appeal, 20% rebound from value investing.


Trading Oracle: Initiate a bearish credit spread by selling Dec 2024 $15 call and buying Dec 2024 $17.5 call. Leverage high implied volatility for a superior reward-to-risk ratio. This aligns with bearish catalysts and offers high probability of profit.


July 19, 2024


Leggett & Platt Forecast

LEG      Leggett & Platt











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Anticorrelated Assets

Assets that tend to move strongly against LEG



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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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