Bullish Case: MLCO's recovery symbols post-pandemic resilience. Recent visits and GGR during Chinese New Year near 2019 levels, driving gaming demand and potential growth.


Bearish Case: Long-term historical underperformance coupled with missed earnings expectations signal potential downside risks and bearish market sentiment for MLCO.


Potential Outcomes: Likelihoods: 55% sustained recovery driven by Macau market, 35% continued underperformance reflecting historical trends, 10% unexpected volatility impacts price action.


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


April 02, 2024


Melco Resorts & Entertainment Forecast

MLCO        Melco Resorts & Entertainment
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)






Correlated Stock Forecasts

Assets that tend to move strongly with MLCO



NVST Forecast + Options Trading Strategies   [NVST]  Envista (0.92)


CSIQ Forecast + Options Trading Strategies   [CSIQ]  Canadian Solar (0.91)


LAZR Forecast + Options Trading Strategies   [LAZR]  Luminar (0.91)


SPWR Forecast + Options Trading Strategies   [SPWR]  Sunpower (0.9)


BMBL Forecast + Options Trading Strategies   [BMBL]  Bumble (0.9)



Uncorrelated Stock Forecasts

Assets with little price relationship to MLCO



ULTA Forecast + Options Trading Strategies   [ULTA]  Ulta Beauty (-0.0)


VIPS Forecast + Options Trading Strategies   [VIPS]  Vipshop (0.0)


NCLH Forecast + Options Trading Strategies   [NCLH]  Norwegian Cruise Line (-0.0)


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


EQNR Forecast + Options Trading Strategies   [EQNR]  Equinor ASA - (0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against MLCO



BRBR Forecast + Options Trading Strategies   [BRBR]  Bellring Brands (-0.86)


NTNX Forecast + Options Trading Strategies   [NTNX]  Nutanix (-0.86)


YCS Forecast + Options Trading Strategies   [YCS]  ProShares UltraShort Yen (-0.87)


LRN Forecast + Options Trading Strategies   [LRN]  Stride (-0.88)


AJG Forecast + Options Trading Strategies   [AJG]  Arthur J. Gallagher (-0.88)





Become a more profitable investor with AI optimized trading strategies






×

Chat with Helium


 Ask me any question!