Bullish Case: Strong balance sheet, dividend declarations, and a market price above recent lows suggest potential upside. AI forecasts a slight bullish trend.


Bearish Case: Historical price decline over ten years and mean-reverting price action may continue to pressure shares.


Potential Outcomes:

1) Tanker rates vary: 60% remain high,

2) geopolitical tensions: 10% increase rates,

3) demand falls: 30% drop rates.


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April 05, 2024


Teekay Forecast

TK        Teekay
Price Forecast: BULLISH    Price Action: MEAN REVERTING (?)






Correlated Stock Forecasts

Assets that tend to move strongly with TK



TNK Forecast + Options Trading Strategies   [TNK]  Teekay Tankers (0.93)


X Forecast + Options Trading Strategies   [X]  United States Steel (0.88)


NU Forecast + Options Trading Strategies   [NU]  Nu Holdings (0.87)


UEC Forecast + Options Trading Strategies   [UEC]  Uranium Energy (0.87)


BCC Forecast + Options Trading Strategies   [BCC]  Boise Cascade (0.87)



Uncorrelated Stock Forecasts

Assets with little price relationship to TK



ATAI Forecast + Options Trading Strategies   [ATAI]  ATAI Life Sciences (-0.0)


PSA Forecast + Options Trading Strategies   [PSA]  Public Storage (-0.0)


LCII Forecast + Options Trading Strategies   [LCII]  LCI Industries (0.01)


RH Forecast + Options Trading Strategies   [RH]  RH - (-0.01)


MSGS Forecast + Options Trading Strategies   [MSGS]  Madison Square Garden Sports Corp - (-0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against TK



BMY Forecast + Options Trading Strategies   [BMY]  Bristol-Myers Squibb (-0.84)


FNV Forecast + Options Trading Strategies   [FNV]  Franco-Nevada (-0.85)


SPWR Forecast + Options Trading Strategies   [SPWR]  Sunpower (-0.85)


LAC Forecast + Options Trading Strategies   [LAC]  Lithium Americas (-0.86)


YUMC Forecast + Options Trading Strategies   [YUMC]  Yum China (-0.87)





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