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MGA Forecast


Bullish Case: The bullish case for MGA hinges on upcoming catalysts like strong quarterly earnings and favorable market conditions, alongside a potential reduction in supply chain constraints boosting sales growth. This could push prices above current levels.



Bearish Case: A bearish case revolves around continued economic uncertainty, low demand in the automotive sector, and stagnant sales figures. If these factors persist, MGA could face downward pressure, risking a drop below $40.



Potential Outcomes:

1. Earnings Surprise (30%): Unexpected strong profits from Q4 could signal recovery.

2. Economic Slowdown (40%): Persistent market instability decreases demand.

3. Product Innovation Success (25%): New EV initiatives gain traction, boosting stock.

4. Ongoing Supply Chain Issues (5%): Continuation of logistical challenges dampens growth prospects.



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November 15, 2024


Magna International Forecast

MGA        Magna International

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Correlated Assets

Assets that tend to move strongly with MGA


FRSH Forecast + Options Trading Strategies   FRSH  Freshworks (0.96)


HTZ Forecast + Options Trading Strategies   HTZ  Hertz Global Holdings (0.94)


LULU Forecast + Options Trading Strategies   LULU  Lululemon Athletica inc. (0.93)


UDMY Forecast + Options Trading Strategies   UDMY  Udemy (0.93)


FSLY Forecast + Options Trading Strategies   FSLY  Fastly (0.93)



Uncorrelated Assets

Assets with little price relationship to MGA


SBAC Forecast + Options Trading Strategies   SBAC  SBA Communications (-0.0)


IOVA Forecast + Options Trading Strategies   IOVA  Iovance Biotherapeutics (0.01)


HCC Forecast + Options Trading Strategies   HCC  Warrior Met Coal (-0.01)


VLO Forecast + Options Trading Strategies   VLO  Valero Energy (0.02)


SBUX Forecast + Options Trading Strategies   SBUX  Starbucks (0.03)



Anticorrelated Assets

Assets that tend to move strongly against MGA


CLH Forecast + Options Trading Strategies   CLH  Clean Harbors (-0.84)


FE Forecast + Options Trading Strategies   FE  Firstenergy (-0.85)


IIPR Forecast + Options Trading Strategies   IIPR  Innovative Industrial Properties (-0.85)


HCA Forecast + Options Trading Strategies   HCA  HCA Healthcare (-0.86)


KO Forecast + Options Trading Strategies   KO  Coca-Cola (-0.9)







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