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Bullish Case: Increased bullish risk, mean-reverting price action, and Helium's forecast may drive short-term gains, especially if recent pullbacks are overextended


Bearish Case: Year-over-year decline in earnings, negative estimates revisions, and persistent trading deficit indicate possible further price degradation


Potential Outcomes: Upside due to mean reversion: 25%. Downside from earnings miss: 30%. Sideways movement following market equilibrium: 45%


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April 03, 2024


Penn National Gaming Forecast

PENN        Penn National Gaming
Price Forecast: BEARISH    Price Action: MEAN REVERTING (?)











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AUPH Forecast + Options Trading Strategies   AUPH  Aurinia Pharmaceuticals (0.86)


PTON Forecast + Options Trading Strategies   PTON  Peloton Interactive (0.85)


XEL Forecast + Options Trading Strategies   XEL  Xcel Energy (0.83)


FXY Forecast + Options Trading Strategies   FXY  Invesco CurrencyShares Japanese Yen (0.82)



Uncorrelated Stock Forecasts

Assets with little price relationship to PENN



PRAA Forecast + Options Trading Strategies   PRAA  PRA (0.0)


AXSM Forecast + Options Trading Strategies   AXSM  Axsome Therapeutics (-0.0)


NCLH Forecast + Options Trading Strategies   NCLH  Norwegian Cruise Line (0.0)


CROX Forecast + Options Trading Strategies   CROX  Crocs (0.0)


VIPS Forecast + Options Trading Strategies   VIPS  Vipshop (0.01)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against PENN



TDW Forecast + Options Trading Strategies   TDW  Tidewater Inc. - New (-0.76)


EUO Forecast + Options Trading Strategies   EUO  ProShares UltraShort Euro (-0.77)


IMO Forecast + Options Trading Strategies   IMO  Imperial Oil (-0.79)


J Forecast + Options Trading Strategies   J  Jacobs Engineering Group (-0.8)


YCS Forecast + Options Trading Strategies   YCS  ProShares UltraShort Yen (-0.82)





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