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We upgraded the share to buy on 24 April reflecting our view that there were forecast upside risks and this upgrade highlights the ongoing potential.
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Click on the following links for more information and to subscribe to Dow Theory Forecasts or Upside.
Richard Moroney Richard Moroney, editor of Dow Theory Forecasts and Upside, explained his quantitative model and how it uses dozens of criteria to find winning stocks.
Richard Moroney, editor of Dow Theory Forecasts and Upside is still bullish, based on "Dow Theory," which uses the Dow Jones Industrial Average and Dow Jones Transportation Average to confirm trends.
What are the risks to this forecast on the upside, and on the downside?
It said: "For the first time in 24 months, UK sector earnings look to have upside forecast risk.
The Vanguard Small-Cap VIPER (amex: VB) boasts a block trader forecast of +9% upside, and no (+1%) "downside".
With an upside forecast of over +20% and a downside of -0.1%, it looks yummy, until we find out that XHB is a Homebuilders SPDR.
The result of this potential change is that TIBCO may not include large deals in its forecast, allowing for upside potential to its forecasts, and more consistent quarterly performance.
The million-dollar market makers' current forecasts for the upside and downside prospects for these ETFs are at opposite extremes, as they logically should be.
"The risks to our forecast are to the upside, in our opinion, as spot prices are considerably higher than our forecasts".
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