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Bullish Case: MT's low price-to-book ratio and consistent positive short-term price changes suggest undervaluation with potential for growth, supported by positive Helium AI forecasts.


Bearish Case: Recent decline in year-over-year revenue, negative historical growth trends, and flat recent price action indicate a possibility of continued underperformance and bearish sentiment.


Potential Outcomes: Upside movement due to undervaluation (30%), continued sideways trading reflecting recent flat action (50%), downside risk from negative revenue trend (20%).


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April 11, 2024


New York Shares Forecast

MT        New York Shares
Price Forecast: NEUTRAL    Price Action: RANDOM (?)











Correlated Stock Forecasts

Assets that tend to move strongly with MT



MGM Forecast + Options Trading Strategies   MGM  MGM Resorts International (0.86)


BEN Forecast + Options Trading Strategies   BEN  Franklin Resources (0.78)


MS Forecast + Options Trading Strategies   MS  Morgan Stanley (0.77)


DRN Forecast + Options Trading Strategies   DRN  Direxion Real Estate Bull 3x Shares (0.75)


VCLT Forecast + Options Trading Strategies   VCLT  Vanguard Long-Term Corporate Bond (0.75)



Uncorrelated Stock Forecasts

Assets with little price relationship to MT



CAPL Forecast + Options Trading Strategies   CAPL  CrossAmerica (0.0)


FDS Forecast + Options Trading Strategies   FDS  Factset Research Systems (0.0)


WELL Forecast + Options Trading Strategies   WELL  Welltower (0.0)


RLMD Forecast + Options Trading Strategies   RLMD  Relmada Therapeutics (-0.0)


ANET Forecast + Options Trading Strategies   ANET  Arista Networks (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against MT



EUO Forecast + Options Trading Strategies   EUO  ProShares UltraShort Euro (-0.55)


DRV Forecast + Options Trading Strategies   DRV  Direxion Daily Real Estate Bear 3X Shares (-0.6)


SRS Forecast + Options Trading Strategies   SRS  ProShares UltraShort Real Estate (-0.64)


TBT Forecast + Options Trading Strategies   TBT  PowerShares UltraShort Lehman 20+ Yea (-0.7)


UUP Forecast + Options Trading Strategies   UUP  Invesco DB US Dollar Index Bullish (-0.77)





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