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Jun 20, 2023

BX Sees Solid Performance as Tickeron's AI System Generates +4.51% Increase

The Trend Trader: Popular Stocks (TA&FA) robot has been making waves with its exceptional performance. In the previous week, this AI trading robot achieved a remarkable gain of +4.51% while trading BX (stock symbol for an undisclosed company). In this article, we will delve into the recent earnings report of BX and analyze its potential future trajectory based on technical indicators.

Positive MACD Signals Favorable Market Conditions:

On May 22, 2023, the Moving Average Convergence Divergence (MACD) for BX turned positive, indicating a potential shift in market sentiment. By examining historical data, it is noteworthy that in 39 out of 47 instances where BX's MACD turned positive, the stock continued to rise over the following month. This implies that there is an 83% likelihood of a continued upward trend for BX based on previous occurrences.

Earnings Report Highlights:

BX released its earnings report on April 20, which revealed earnings per share (EPS) of 97 cents, surpassing the estimated figure of 94 cents. This positive surprise in earnings is a favorable sign for investors, indicating the company's ability to generate higher profits than anticipated.

Market Capitalization and Shares Outstanding:

With 5.62 million shares outstanding, the current market capitalization of BX stands at 67.36 billion dollars. These figures provide insights into the overall valuation of the company, giving investors a sense of its size and worth in the market.

The recent performance of the Trend Trader: Popular Stocks (TA&FA) robot in trading BX showcases its ability to identify profitable opportunities in the market. Additionally, the positive MACD signal and the company's impressive earnings report suggest a favorable outlook for BX. With a historical track record indicating an 83% chance of continued upward movement following a positive MACD, investors may consider BX as a potential investment opportunity.

Related Ticker: BX

BX in upward trend: price expected to rise as it breaks its lower Bollinger Band on September 26, 2023

BX may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 35 cases where BX's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BX advanced for three days, in of 378 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 357 cases where BX Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for BX moved out of overbought territory on September 21, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 48 similar instances where the indicator moved out of overbought territory. In of the 48 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Momentum Indicator moved below the 0 level on September 22, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on BX as a result. In of 79 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for BX turned negative on September 22, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 46 similar instances when the indicator turned negative. In of the 46 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where BX declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 81, placing this stock better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. BX’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (11.312) is normal, around the industry mean (3.439). P/E Ratio (65.359) is within average values for comparable stocks, (30.512). Projected Growth (PEG Ratio) (2.386) is also within normal values, averaging (4.593). Dividend Yield (0.032) settles around the average of (0.071) among similar stocks. P/S Ratio (12.937) is also within normal values, averaging (78.137).

Notable companies

The most notable companies in this group are Bank of New York Mellon Corp (NYSE:BK), Ares Capital Corp (NASDAQ:ARCC), WisdomTree (NYSE:WT), AMTD IDEA Group (NYSE:AMTD).

Industry description

Investment Managers manage financial assets and other investments of clients. Management includes designing a short- or long-term strategy for buying/holding and selling of portfolio holdings. It can also include tax services and other aspects of financial planning as well. While it is perceived that the industry is faced with growing competition from robo-advisors/digital platforms and passive/ index-tracking funds, many investors still find value in actively managed in-person services that investment management companies often emphasize on. At the same time, many wealth managers are also incorporating digital initiatives/low cost options in addition to their in-person customized services. Their main sources of revenues are fees as a percentage of assets under management, in addition to a certain portion of clients’ gains from asset appreciation. BlackRock, Inc., Blackstone Group Inc and Brookfield Asset Management are some of the major investment management companies.

Market Cap

The average market capitalization across the Investment Managers Industry is 5.16B. The market cap for tickers in the group ranges from 57 to 108.81B. FDLPF holds the highest valuation in this group at 108.81B. The lowest valued company is RSERF at 57.

High and low price notable news

The average weekly price growth across all stocks in the Investment Managers Industry was 0%. For the same Industry, the average monthly price growth was 7%, and the average quarterly price growth was 11%. JPPYY experienced the highest price growth at 186%, while MONTF experienced the biggest fall at -43%.

Volume

The average weekly volume growth across all stocks in the Investment Managers Industry was -2%. For the same stocks of the Industry, the average monthly volume growth was 38% and the average quarterly volume growth was -24%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 36
P/E Growth Rating: 51
Price Growth Rating: 57
SMR Rating: 69
Profit Risk Rating: 80
Seasonality Score: -23 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a provider of investment and fund management services

Industry InvestmentManagers

Profile
Fundamentals
Details
Industry
Investment Managers
Address
345 Park Avenue
Phone
+1 212 583-5000
Employees
4695
Web
https://www.blackstone.com
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BX and

Correlation & Price change

A.I.dvisor indicates that over the last year, BX has been closely correlated with APO. These tickers have moved in lockstep 81% of the time. This A.I.-generated data suggests there is a high statistical probability that if BX jumps, then APO could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To BX
1D Price
Change %
BX100%
-1.01%
APO - BX
81%
Closely correlated
-1.47%
KKR - BX
78%
Closely correlated
-1.52%
BN - BX
72%
Closely correlated
-2.52%
ARES - BX
72%
Closely correlated
-1.93%
HLNE - BX
72%
Closely correlated
-0.31%
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