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Bullish Case: Insider buying and activist board involvement suggest strong conviction in operational turnaround, potentially driving stock appreciation.


Bearish Case: Recent bearish AI forecast, high implied volatility, and poor earnings reflect sustained negative pressures on stock performance.


Potential Outcomes: Medium-term recovery driven by activist changes (40%), Continued decline on poor earnings and high volatility (60%).


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April 10, 2024


Advance Auto Parts Forecast

AAP        Advance Auto Parts
Price Forecast: BEARISH    Price Action: MEAN REVERTING (?)






Correlated Stock Forecasts

Assets that tend to move strongly with AAP



XLP Forecast + Options Trading Strategies   [XLP]  Consumer Staples Select Sector SPDR (0.92)


HOLX Forecast + Options Trading Strategies   [HOLX]  Hologic (0.88)


KR Forecast + Options Trading Strategies   [KR]  Kroger (0.86)


BAX Forecast + Options Trading Strategies   [BAX]  Baxter International (0.85)


TNDM Forecast + Options Trading Strategies   [TNDM]  Tandem Diabetes Care (0.85)



Uncorrelated Stock Forecasts

Assets with little price relationship to AAP



IVV Forecast + Options Trading Strategies   [IVV]  BTC iShares Core S&P 500 (0.0)


LSEA Forecast + Options Trading Strategies   [LSEA]  Landsea Homes Corporation (-0.0)


URGN Forecast + Options Trading Strategies   [URGN]  UroGen Pharma (-0.0)


SPLG Forecast + Options Trading Strategies   [SPLG]  SPDR Series Trust - SPDR Portfolio S&P 500 (0.0)


RCL Forecast + Options Trading Strategies   [RCL]  Royal Caribbean (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against AAP



TIGR Forecast + Options Trading Strategies   [TIGR]  UP Fintech (-0.72)


HDSN Forecast + Options Trading Strategies   [HDSN]  Hudson Technologies (-0.74)


LNG Forecast + Options Trading Strategies   [LNG]  Cheniere Energy (-0.74)


CQP Forecast + Options Trading Strategies   [CQP]  Cheniere Energy (-0.8)


UUUU Forecast + Options Trading Strategies   [UUUU]  Energy Fuels (-0.84)





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