Bullish Case: Strong fundamentals with record revenue, successful Argos merger, and sector growth trends imply extended upward momentum for SUM.


Bearish Case: High valuations coupled with potential macroeconomic downturns and recent price decline suggest a possible correction in SUM's stock price.


Potential Outcomes: Integration success (40%), macroeconomic decline (30%), policy changes favoring sector (20%), unexpected events causing high volatility (10%).


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April 12, 2024


Summit Materials Forecast

SUM        Summit Materials
Price Forecast: NEUTRAL    Price Action: RANDOM (?)











Correlated Stock Forecasts

Assets that tend to move strongly with SUM



PAVE Forecast + Options Trading Strategies   PAVE  Global X Funds - Global X U.S. Infrastructure Development (0.92)


BLDR Forecast + Options Trading Strategies   BLDR  Builders Firstsource (0.92)


HRI Forecast + Options Trading Strategies   HRI  Herc (0.92)


XLI Forecast + Options Trading Strategies   XLI  Industrial Select Sector SPDR (0.92)


IQV Forecast + Options Trading Strategies   IQV  IQVIA (0.92)



Uncorrelated Stock Forecasts

Assets with little price relationship to SUM



EVLV Forecast + Options Trading Strategies   EVLV  Evolv (0.0)


PZZA Forecast + Options Trading Strategies   PZZA  Papa John's International (0.0)


BG Forecast + Options Trading Strategies   BG  Bunge (-0.0)


REXR Forecast + Options Trading Strategies   REXR  Rexford Industrial Realty (0.01)


PTEN Forecast + Options Trading Strategies   PTEN  Patterson-UTI Energy (-0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against SUM



SDOW Forecast + Options Trading Strategies   SDOW  ProShares UltraPro Short Dow30 (-0.86)


DXD Forecast + Options Trading Strategies   DXD  ProShares UltraShort Dow30 (-0.86)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.88)


TZA Forecast + Options Trading Strategies   TZA  Direxion Daily Small Cap Bear 3X Shares (-0.91)


SRTY Forecast + Options Trading Strategies   SRTY  ProShares UltraPro Short Russell2000 (-0.91)





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