SNA Forecast + Trading Strategies


Bullish Case: Snap-on has sustained impressive long-term growth, strong revenue drivers despite recent challenges, along with favorable median holding returns supporting a bullish stance.


Bearish Case: Insider selling, low short-term implied volatility, and neutral-to-negative AI price forecasts indicate potential stagnation or downside amid shifting market conditions.


Potential Outcomes:

1. Price rise (45%, driven by sector strength).

2. Flat price action (35%, due to implied volatility).

3. Decline (20%, linked to insider selling).


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May 14, 2024


Snap-on Forecast

SNA        Snap-on
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)











Correlated Stock Forecasts

Assets that tend to move strongly with SNA



AXTA Forecast + Options Trading Strategies   AXTA  Axalta Coating Systems (0.81)


ITW Forecast + Options Trading Strategies   ITW  Illinois Tool Works (0.81)


AMKR Forecast + Options Trading Strategies   AMKR  AMKOR Technology (0.78)


DHI Forecast + Options Trading Strategies   DHI  D.R. Horton (0.78)


EFX Forecast + Options Trading Strategies   EFX  Equifax (0.77)



Uncorrelated Stock Forecasts

Assets with little price relationship to SNA



BJ Forecast + Options Trading Strategies   BJ  BJ's Wholesale Club (-0.0)


CVI Forecast + Options Trading Strategies   CVI  CVR Energy (0.0)


GFS Forecast + Options Trading Strategies   GFS  GlobalFoundries (-0.0)


MTTR Forecast + Options Trading Strategies   MTTR  Matterport (-0.0)


PAAS Forecast + Options Trading Strategies   PAAS  Pan American Silver (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against SNA



SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.67)


SRTY Forecast + Options Trading Strategies   SRTY  ProShares UltraPro Short Russell2000 (-0.67)


TZA Forecast + Options Trading Strategies   TZA  Direxion Daily Small Cap Bear 3X Shares (-0.67)


DRV Forecast + Options Trading Strategies   DRV  Direxion Daily Real Estate Bear 3X Shares (-0.8)


SRS Forecast + Options Trading Strategies   SRS  ProShares UltraShort Real Estate (-0.81)





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