Bullish Case: Expansion in 5G/IoT and connected cars; new partnerships increasing revenue streams; financial investments reflecting confidence; historical resilience in adverse conditions.


Bearish Case: Historical decline over multiple timeframes; increase in competition; potential macroeconomic instability; recent job cuts indicating internal challenges.


Potential Outcomes: Continued decline due to competition and economy (60%); moderate recovery with new 5G initiatives (30%); significant growth from connected car projects (10%).


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April 02, 2024


Telus Forecast

TU        Telus
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)






Correlated Stock Forecasts

Assets that tend to move strongly with TU



DRIP Forecast + Options Trading Strategies   [DRIP]  Direxion Daily S&P Oil & Gas Exp. & Prod. (0.89)


XEL Forecast + Options Trading Strategies   [XEL]  Xcel Energy (0.86)


CWEN Forecast + Options Trading Strategies   [CWEN]  Clearway Energy (0.86)


ERY Forecast + Options Trading Strategies   [ERY]  Direxion Daily Energy Bear 2X Shares (0.85)


BCE Forecast + Options Trading Strategies   [BCE]  BCE (0.84)



Uncorrelated Stock Forecasts

Assets with little price relationship to TU



MGNX Forecast + Options Trading Strategies   [MGNX]  Macrogenics (-0.0)


MCHP Forecast + Options Trading Strategies   [MCHP]  Microchip Technology (0.0)


F Forecast + Options Trading Strategies   [F]  Ford Motor (0.0)


FHN Forecast + Options Trading Strategies   [FHN]  First Horizon (-0.0)


FRHC Forecast + Options Trading Strategies   [FRHC]  Freedom (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against TU



BNO Forecast + Options Trading Strategies   [BNO]  United States Commodity Funds LLC - United States Brent Crude Oil (-0.88)


XOP Forecast + Options Trading Strategies   [XOP]  SPDR Oil & Gas Exploration and Production (-0.88)


OVV Forecast + Options Trading Strategies   [OVV]  Ovintiv (-0.89)


USL Forecast + Options Trading Strategies   [USL]  United States Commodity Funds LLC - United States 12 Month Oil (-0.89)


CNX Forecast + Options Trading Strategies   [CNX]  CNX Resources (-0.91)





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