TD Forecast


Bullish Case: TD's recent investments in diverse ETFs indicate strategic diversification, potentially enhancing stability and growth. Additionally, recent modest recovery from a weekly low suggests resilience despite overall market uncertainty.


Bearish Case: Recent selling in sectors like construction and materials demonstrates risk aversion by TD, reflecting potential internal insights about these sectors' volatility, which may drag overall performance.


Potential Outcomes:

1. Improved sector performance after TD's strategic diversification (45%).

2. Continued volatility impacting negatively due to recent divestments (35%).

3. Near-term stability with minor fluctuations in stock price (20%).


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April 30, 2024


Toronto Dominion Forecast

TD        Toronto Dominion
Price Forecast: NEUTRAL    Price Action: RANDOM (?)











Correlated Stock Forecasts

Assets that tend to move strongly with TD



BERY Forecast + Options Trading Strategies   BERY  Berry (0.76)


REM Forecast + Options Trading Strategies   REM  iShares Mortgage Real Est (0.73)


PZZA Forecast + Options Trading Strategies   PZZA  Papa John's International (0.72)


BA Forecast + Options Trading Strategies   BA  Boeing (0.72)


AMPH Forecast + Options Trading Strategies   AMPH  Amphastar Pharmaceuticals (0.72)



Uncorrelated Stock Forecasts

Assets with little price relationship to TD



RL Forecast + Options Trading Strategies   RL  Ralph Lauren (-0.0)


SKYT Forecast + Options Trading Strategies   SKYT  SkyWater Technology (0.0)


IONS Forecast + Options Trading Strategies   IONS  Ionis Pharmaceuticals (0.0)


XLF Forecast + Options Trading Strategies   XLF  Financial Select Sector SPDR (0.0)


MITK Forecast + Options Trading Strategies   MITK  Mitek Systems (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against TD



IMO Forecast + Options Trading Strategies   IMO  Imperial Oil (-0.41)


ACGL Forecast + Options Trading Strategies   ACGL  Arch (-0.43)


TBT Forecast + Options Trading Strategies   TBT  PowerShares UltraShort Lehman 20+ Yea (-0.47)


SPXU Forecast + Options Trading Strategies   SPXU  ProShares UltraPro Short S&P 500 (-0.49)


YCS Forecast + Options Trading Strategies   YCS  ProShares UltraShort Yen (-0.53)





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