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Bullish Case: Continued demand in AI and system design, strong quarterly earnings, and sustained revenue growth paint a robust growth narrative.


Bearish Case: High PE ratio suggests overvaluation, and insider selling trends hint at potential downside correction.


Potential Outcomes: 60% chance of growth on sustained demand, 30% probability of correction from overvaluation, 10% risk of impact from industry headwinds.


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April 09, 2024


Cadence Design Systems Forecast

CDNS        Cadence Design Systems
Price Forecast: BULLISH    Price Action: RANDOM (?)






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SNPS Forecast + Options Trading Strategies   [SNPS]  Synopsys (0.97)


HACK Forecast + Options Trading Strategies   [HACK]  ETFMG Prime Cyber Security (0.96)


CYBR Forecast + Options Trading Strategies   [CYBR]  CyberArk Software (0.96)


NTNX Forecast + Options Trading Strategies   [NTNX]  Nutanix (0.95)


CIBR Forecast + Options Trading Strategies   [CIBR]  First Trust Exchange-Traded Fund III - First Trust NASDAQ Cybersecurity (0.95)



Uncorrelated Stock Forecasts

Assets with little price relationship to CDNS



SIVR Forecast + Options Trading Strategies   [SIVR]  Aberdeen Standard Physical Silver Shares (0.0)


FL Forecast + Options Trading Strategies   [FL]  Foot Locker (-0.0)


TX Forecast + Options Trading Strategies   [TX]  Ternium S.A. - (-0.0)


F Forecast + Options Trading Strategies   [F]  Ford Motor (-0.0)


FTNT Forecast + Options Trading Strategies   [FTNT]  Fortinet (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against CDNS



PFE Forecast + Options Trading Strategies   [PFE]  Pfizer (-0.9)


AMC Forecast + Options Trading Strategies   [AMC]  AMC Entertainment (-0.91)


UVXY Forecast + Options Trading Strategies   [UVXY]  ProShares Ultra VIX Short-Term Futures (-0.93)


TECS Forecast + Options Trading Strategies   [TECS]  Direxion Daily Technology Bear 3X Shares (-0.95)


VXX Forecast + Options Trading Strategies   [VXX]  iPath Series B S&P 500 VIX Short-Term Futures (-0.95)





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