Bullish Case: New artist signings, international expansion, and strategic investments point to revenue growth and a widening global reach for WMG.


Bearish Case: High P/B ratio persists, suggesting overvaluation risks, amid a competitive streaming landscape potentially affecting earnings.


Potential Outcomes: Upbeat earnings due to strategic initiatives (40%), correction from overvaluation and heightened competition (35%), mean-reverting price action continues (25%).


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April 12, 2024


Warner Music Forecast

WMG        Warner Music
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)






Correlated Stock Forecasts

Assets that tend to move strongly with WMG



AMR Forecast + Options Trading Strategies   [AMR]  Alta Mesa Resources (0.9)


X Forecast + Options Trading Strategies   [X]  United States Steel (0.9)


ROST Forecast + Options Trading Strategies   [ROST]  Ross Stores (0.89)


WAL Forecast + Options Trading Strategies   [WAL]  Western Alliance Bancorp (0.89)


AAOI Forecast + Options Trading Strategies   [AAOI]  Applied Optoelectronics (0.89)



Uncorrelated Stock Forecasts

Assets with little price relationship to WMG



MAN Forecast + Options Trading Strategies   [MAN]  ManpowerGroup (0.0)


BND Forecast + Options Trading Strategies   [BND]  Vanguard Total Bond Market (-0.0)


BG Forecast + Options Trading Strategies   [BG]  Bunge (-0.0)


ASH Forecast + Options Trading Strategies   [ASH]  Ashland (0.0)


ZSL Forecast + Options Trading Strategies   [ZSL]  ProShares UltraShort Silver (0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against WMG



DQ Forecast + Options Trading Strategies   [DQ]  Daqo New Energy (-0.84)


MESO Forecast + Options Trading Strategies   [MESO]  Mesoblast (-0.85)


YUMC Forecast + Options Trading Strategies   [YUMC]  Yum China (-0.86)


ZTO Forecast + Options Trading Strategies   [ZTO]  ZTO Express (Cayman) (-0.87)


LAC Forecast + Options Trading Strategies   [LAC]  Lithium Americas (-0.89)





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