Bullish Case: UFP Industries' consistent growth, insider trading, and robust long-term returns indicate potential continued upward movement, especially backed by institutional confidence.


Bearish Case: Recent insider sales, mixed financial results, and rising mortgage rates present substantial downside risk, potentially leading to stock underperformance.


Potential Outcomes: 45% chance of a positive turn influenced by strategic acquisitions and market demand; 35% chance of decline from high interest rates; 20% chance status remains, reflecting ongoing uncertainty.


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April 25, 2024


UFP Industries Forecast

UFPI        UFP Industries
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)











Correlated Stock Forecasts

Assets that tend to move strongly with UFPI



CE Forecast + Options Trading Strategies   CE  Series (0.94)


IIPR Forecast + Options Trading Strategies   IIPR  Innovative Industrial Properties (0.94)


BX Forecast + Options Trading Strategies   BX  Blackstone (0.94)


WAL Forecast + Options Trading Strategies   WAL  Western Alliance Bancorp (0.94)


R Forecast + Options Trading Strategies   R  Ryder System (0.93)



Uncorrelated Stock Forecasts

Assets with little price relationship to UFPI



U Forecast + Options Trading Strategies   U  Unity Software (-0.0)


SIL Forecast + Options Trading Strategies   SIL  Global X Funds - Global X Silver Miners (0.0)


QS Forecast + Options Trading Strategies   QS  QuantumScape (-0.0)


MAT Forecast + Options Trading Strategies   MAT  Mattel (-0.0)


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



Anticorrelated Stock Forecasts

Assets that tend to move strongly against UFPI



TECS Forecast + Options Trading Strategies   TECS  Direxion Daily Technology Bear 3X Shares (-0.88)


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


UVXY Forecast + Options Trading Strategies   UVXY  ProShares Ultra VIX Short-Term Futures (-0.9)


VIXM Forecast + Options Trading Strategies   VIXM  ProShares VIX Mid-Term Futures (-0.9)


VXX Forecast + Options Trading Strategies   VXX  iPath Series B S&P 500 VIX Short-Term Futures (-0.92)





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