TXT Forecast


Bullish Case: Textron's expanded partnerships in defense and aviation sectors, along with its innovative products like the UAS programs, promise substantial growth. Recent military contracts underline a consistent revenue influx supporting a positive price trajectory.


Bearish Case: Low implied volatility reflects market skepticism, while recent supply chain concerns may impair project deliveries and financial performance. Potential stagnation in advanced air mobility projects adds to the uncertainty.


Potential Outcomes:

1. New defense contracts increase by Q3 2024 (45%).

2. Supply chain problems persist, affecting output (30%).

3. Innovation in UAS leads to market share gains by Q4 2024 (25%).


Trading Oracle: Sign Up to access trading oracle trade ideas.


May 07, 2024


Textron Forecast

TXT        Textron
Price Forecast: NEUTRAL    Price Action: RANDOM (?)











Correlated Stock Forecasts

Assets that tend to move strongly with TXT



AROC Forecast + Options Trading Strategies   AROC  Archrock (0.94)


MMYT Forecast + Options Trading Strategies   MMYT  MakeMyTrip (0.93)


OWL Forecast + Options Trading Strategies   OWL  Blue Owl (0.93)


CLS Forecast + Options Trading Strategies   CLS  Celestica (0.93)


WDC Forecast + Options Trading Strategies   WDC  Western Digital (0.93)



Uncorrelated Stock Forecasts

Assets with little price relationship to TXT



BNS Forecast + Options Trading Strategies   BNS  Bank Of Nova Scotia (-0.0)


BHP Forecast + Options Trading Strategies   BHP  BHP Group Limited (0.0)


TAP Forecast + Options Trading Strategies   TAP  Molson Coors Beverage (-0.0)


MAT Forecast + Options Trading Strategies   MAT  Mattel (-0.01)


OHI Forecast + Options Trading Strategies   OHI  Omega Healthcare Investors (0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against TXT



PRTA Forecast + Options Trading Strategies   PRTA  Prothena (-0.86)


UVXY Forecast + Options Trading Strategies   UVXY  ProShares Ultra VIX Short-Term Futures (-0.87)


PLL Forecast + Options Trading Strategies   PLL  Piedmont Lithium (-0.87)


BOIL Forecast + Options Trading Strategies   BOIL  ProShares Ultra Bloomberg Natural Gas (-0.87)


PFE Forecast + Options Trading Strategies   PFE  Pfizer (-0.88)





Become a more profitable investor with AI optimized trading strategies






×

Chat with TXT


 Ask any question about TXT!