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Bullish Case: Garmin’s robust product innovation and strategic partnerships, coupled with solid revenue growth and historical price resilience, signal potential for sustained upward momentum.


Bearish Case: Patent infringement lawsuits, potential saturation in the wearables market, and recent security concerns could undermine investor confidence and Garmin’s growth.


Potential Outcomes: 65% chance of a bullish trend due to product innovation; 30% chance of a bear impact from legal woes and market saturation; 5% wildcard from mergers or acquisitions.


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April 10, 2024


Garmin Forecast

GRMN        Garmin
Price Forecast: NEUTRAL    Price Action: RANDOM (?)






Correlated Stock Forecasts

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FNGS Forecast + Options Trading Strategies   [FNGS]  Bank of Montreal - ZC SP ETN REDEEM 08/01/2038 USD 50 (0.92)


XLK Forecast + Options Trading Strategies   [XLK]  Technology Select Sector SPDR (0.92)


CPRT Forecast + Options Trading Strategies   [CPRT]  Copart (0.91)


AYI Forecast + Options Trading Strategies   [AYI]  Acuity Brands (0.91)


VGT Forecast + Options Trading Strategies   [VGT]  Vanguard Information Technology (0.91)



Uncorrelated Stock Forecasts

Assets with little price relationship to GRMN



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


ASA Forecast + Options Trading Strategies   [ASA]  ASA Gold and Precious Metals (-0.0)


DOC Forecast + Options Trading Strategies   [DOC]  Physicians Realty (-0.0)


ACI Forecast + Options Trading Strategies   [ACI]  Albertsons Companies (-0.0)


SSTK Forecast + Options Trading Strategies   [SSTK]  Shutterstock (0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against GRMN



SDOW Forecast + Options Trading Strategies   [SDOW]  ProShares UltraPro Short Dow30 (-0.84)


UVXY Forecast + Options Trading Strategies   [UVXY]  ProShares Ultra VIX Short-Term Futures (-0.88)


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


VXX Forecast + Options Trading Strategies   [VXX]  iPath Series B S&P 500 VIX Short-Term Futures (-0.9)


TECS Forecast + Options Trading Strategies   [TECS]  Direxion Daily Technology Bear 3X Shares (-0.92)





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