Bullish Case: Increased bullish risk, mean-reverting price action, and Helium's forecast may drive short-term gains, especially if recent pullbacks are overextended


Bearish Case: Year-over-year decline in earnings, negative estimates revisions, and persistent trading deficit indicate possible further price degradation


Potential Outcomes: Upside due to mean reversion: 25%. Downside from earnings miss: 30%. Sideways movement following market equilibrium: 45%


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April 03, 2024


Penn National Gaming Forecast

PENN        Penn National Gaming
Price Forecast: BEARISH    Price Action: MEAN REVERTING (?)






Correlated Stock Forecasts

Assets that tend to move strongly with PENN



AUPH Forecast + Options Trading Strategies   [AUPH]  Aurinia Pharmaceuticals (0.86)


PTON Forecast + Options Trading Strategies   [PTON]  Peloton Interactive (0.86)


XEL Forecast + Options Trading Strategies   [XEL]  Xcel Energy (0.83)


HE Forecast + Options Trading Strategies   [HE]  Hawaiian Electric Industries (0.82)


FXY Forecast + Options Trading Strategies   [FXY]  Invesco CurrencyShares Japanese Yen (0.82)



Uncorrelated Stock Forecasts

Assets with little price relationship to PENN



TROW Forecast + Options Trading Strategies   [TROW]  T. Rowe Price (-0.0)


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


LZ Forecast + Options Trading Strategies   [LZ]  LegalZoom.com (0.0)


BRKR Forecast + Options Trading Strategies   [BRKR]  Bruker (-0.0)


MCHP Forecast + Options Trading Strategies   [MCHP]  Microchip Technology (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against PENN



IMO Forecast + Options Trading Strategies   [IMO]  Imperial Oil (-0.78)


EUO Forecast + Options Trading Strategies   [EUO]  ProShares UltraShort Euro (-0.78)


HMC Forecast + Options Trading Strategies   [HMC]  Honda Motor (-0.79)


J Forecast + Options Trading Strategies   [J]  Jacobs Engineering Group (-0.8)


YCS Forecast + Options Trading Strategies   [YCS]  ProShares UltraShort Yen (-0.82)





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