Bullish Case: Robust financials and insider buying suggest confidence. Jefferies' upgrade on growth and profit outlook, and lower volatility back a strong bullish thesis.


Bearish Case: Insider sales and market saturation may limit upside. High institutional ownership could suppress stock volatility and curb swift price appreciation.


Potential Outcomes:

1) Analyst upgrade effect wanes: 30%.

2) Market saturation leads to stagnation: 25%.

3) Financials drive growth, PLMR beats expectations: 45%.


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March 28, 2024


Palomar Forecast

PLMR        Palomar
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)






Correlated Stock Forecasts

Assets that tend to move strongly with PLMR



QCOM Forecast + Options Trading Strategies   [QCOM]  Qualcomm (0.9)


LEN Forecast + Options Trading Strategies   [LEN]  Lennar (0.88)


MLM Forecast + Options Trading Strategies   [MLM]  Martin Marietta Materials (0.87)


RDNT Forecast + Options Trading Strategies   [RDNT]  Radnet (0.87)


ROM Forecast + Options Trading Strategies   [ROM]  ProShares Ultra Technology (0.87)



Uncorrelated Stock Forecasts

Assets with little price relationship to PLMR



GLNG Forecast + Options Trading Strategies   [GLNG]  Golar Lng (0.0)


EQR Forecast + Options Trading Strategies   [EQR]  Equity Residential Properties (0.01)


BA Forecast + Options Trading Strategies   [BA]  Boeing (0.01)


OIH Forecast + Options Trading Strategies   [OIH]  VanEck Vectors Oil Services (0.01)


MRO Forecast + Options Trading Strategies   [MRO]  Marathon Oil (-0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against PLMR



TZA Forecast + Options Trading Strategies   [TZA]  Direxion Daily Small Cap Bear 3X Shares (-0.79)


SDOW Forecast + Options Trading Strategies   [SDOW]  ProShares UltraPro Short Dow30 (-0.84)


DXD Forecast + Options Trading Strategies   [DXD]  ProShares UltraShort Dow30 (-0.84)


SPXS Forecast + Options Trading Strategies   [SPXS]  Direxion Daily S&P 500 Bear 3X Shares (-0.85)


TECS Forecast + Options Trading Strategies   [TECS]  Direxion Daily Technology Bear 3X Shares (-0.85)





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