Bullish Case: PHM shows robust growth over multiple timeframes and is bolstered by analyst upgrades and a recovering housing sector. The stock remains attractive with a P/B of 1.4.


Bearish Case: With the term structure in contango and low trading volume, plus recent insider sales, there's an air of caution around PHM. Risks of sector slowdown and rate cuts loom.


Potential Outcomes: 65% chance of steady growth influenced by industry recovery and consistent performance. 25% chance of heightened volatility from external factors. 10% risk of a correction due to overvaluation and insider sales.


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


March 30, 2024


PulteGroup Forecast

PHM        PulteGroup
Price Forecast: BULLISH    Price Action: MEAN REVERTING (?)






Correlated Stock Forecasts

Assets that tend to move strongly with PHM



MLM Forecast + Options Trading Strategies   [MLM]  Martin Marietta Materials (0.98)


APH Forecast + Options Trading Strategies   [APH]  Amphenol (0.98)


QUAL Forecast + Options Trading Strategies   [QUAL]  BlackRock Institutional Trust Company N.A. - iShares MSCI USA Quality Factor (0.98)


IVV Forecast + Options Trading Strategies   [IVV]  BTC iShares Core S&P 500 (0.97)


SPYG Forecast + Options Trading Strategies   [SPYG]  SPDR Portfolio S&P 500 Growth (0.97)



Uncorrelated Stock Forecasts

Assets with little price relationship to PHM



OPRA Forecast + Options Trading Strategies   [OPRA]  Opera (-0.0)


IONQ Forecast + Options Trading Strategies   [IONQ]  IonQ (-0.0)


BG Forecast + Options Trading Strategies   [BG]  Bunge (0.0)


KHC Forecast + Options Trading Strategies   [KHC]  Kraft Heinz (0.0)


BBAI Forecast + Options Trading Strategies   [BBAI]  BigBear.ai (0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against PHM



VXX Forecast + Options Trading Strategies   [VXX]  iPath Series B S&P 500 VIX Short-Term Futures (-0.94)


DXD Forecast + Options Trading Strategies   [DXD]  ProShares UltraShort Dow30 (-0.94)


SDOW Forecast + Options Trading Strategies   [SDOW]  ProShares UltraPro Short Dow30 (-0.95)


TECS Forecast + Options Trading Strategies   [TECS]  Direxion Daily Technology Bear 3X Shares (-0.96)


SPXS Forecast + Options Trading Strategies   [SPXS]  Direxion Daily S&P 500 Bear 3X Shares (-0.97)





Become a more profitable investor with AI optimized trading strategies






×

Chat with Helium


 Ask me any question!