Bullish Case: L3Harris's recent acquisitions, increased defense spending, and historical revenue growth suggest continued ascendancy in the aerospace and defense sectors.


Bearish Case: Financial instability, high debt levels, historical underperformance, and increased competition could lead to further stock price decline.


Potential Outcomes: Increased contracts and acquisitions fuel growth (45%). Financial volatility persists, potentially driving stock down (35%). Global instability raises defense budget and stock (20%).


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March 26, 2024


L3Harris Forecast

LHX        L3Harris
Price Forecast: NEUTRAL    Price Action: RANDOM (?)






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UHS Forecast + Options Trading Strategies   [UHS]  Universal Health Services (0.93)


CNI Forecast + Options Trading Strategies   [CNI]  Canadian National Railway (0.92)


TXRH Forecast + Options Trading Strategies   [TXRH]  Texas Roadhouse (0.92)


WM Forecast + Options Trading Strategies   [WM]  Waste Management (0.91)



Uncorrelated Stock Forecasts

Assets with little price relationship to LHX



CC Forecast + Options Trading Strategies   [CC]  Chemours (0.0)


GPC Forecast + Options Trading Strategies   [GPC]  Genuine Parts (-0.0)


JNJ Forecast + Options Trading Strategies   [JNJ]  Johnson & Johnson (0.0)


U Forecast + Options Trading Strategies   [U]  Unity Software (0.01)


ALGN Forecast + Options Trading Strategies   [ALGN]  Align Technology (-0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against LHX



SRTY Forecast + Options Trading Strategies   [SRTY]  ProShares UltraPro Short Russell2000 (-0.81)


DXD Forecast + Options Trading Strategies   [DXD]  ProShares UltraShort Dow30 (-0.82)


DOG Forecast + Options Trading Strategies   [DOG]  ProShares Short Dow30 (-0.82)


DRV Forecast + Options Trading Strategies   [DRV]  Direxion Daily Real Estate Bear 3X Shares (-0.9)


SRS Forecast + Options Trading Strategies   [SRS]  ProShares UltraShort Real Estate (-0.91)





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