Bullish Case: Sherwin-Williams is meeting its 80-plus relative strength rating benchmark, suggesting strong investor interest. It potentially benefits from the powder coating for automotive market growth [investors.com, thenelsonpost.ca].


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Bearish Case: Recent Q3 FY23 results show stagnant sales growth and decreasing demand in North America and Asia. SHW may face volatility due to the struggling housing market. High current valuations and weak price action discourage investment [seekingalpha.com].


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Takeaway: Sherwin-Williams faces both opportunities and challenges. Investors need to consider market conditions, company performance, and industry developments to make informed decisions [investors.com, seekingalpha.com].


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Potential Outcomes:

1. Market conditions stabilize, allowing a confident expansion and increased sales, boosting stock value (35%) [seekingalpha.com].

2. Weak housing market continues, dampening sales and damaging stock performance (45%) [seekingalpha.com].

3. Volatility due to market uncertainties impacts stock price (20%) [Helium].


November 23, 2023


Sherwin-Williams Forecast

[SHW]  Sherwin-Williams
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)



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STZ Forecast + Options Trading Strategies   [STZ]  Constellation Brands (0.87)


ROOT Forecast + Options Trading Strategies   [ROOT]  Root (0.82)


NTAP Forecast + Options Trading Strategies   [NTAP]  Netapp (0.81)


CSGP Forecast + Options Trading Strategies   [CSGP]  Costar Group (0.81)


DPZ Forecast + Options Trading Strategies   [DPZ]  Dominos Pizza (0.8)



Uncorrelated Stock Forecasts

Assets with little price relationship to SHW



FITB Forecast + Options Trading Strategies   [FITB]  Fifth Third Bancorp (0.01)


QS Forecast + Options Trading Strategies   [QS]  QuantumScape (-0.01)


SNV Forecast + Options Trading Strategies   [SNV]  Synovus Financial (0.02)


GDDY Forecast + Options Trading Strategies   [GDDY]  Godaddy (-0.02)


GPRE Forecast + Options Trading Strategies   [GPRE]  Green Plains (0.02)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against SHW



QID Forecast + Options Trading Strategies   [QID]  ProShares UltraShort QQQ (-0.68)


FL Forecast + Options Trading Strategies   [FL]  Foot Locker (-0.7)


VTNR Forecast + Options Trading Strategies   [VTNR]  Vertex Energy (-0.74)


SPXS Forecast + Options Trading Strategies   [SPXS]  Direxion Daily S&P 500 Bear 3X Shares (-0.75)


SDS Forecast + Options Trading Strategies   [SDS]  ProShares UltraShort S&P500 (-0.76)