Hi everyone.
On 12/5/2023, our system had provided one stock pick and the result is as below:
AI – (Buy) – Loss
The Dow Jones pared earlier losses and closed slightly below the flatline on Friday, while the S&P 500 and Nasdaq 100 lost 0.1% and 0.3%, respectively, pressured by an unexpected rise in long-term consumer inflation expectations along with ongoing worries about the debt ceiling. The University of Michigan consumer sentiment sank in May and inflation expectations for the next five years were the highest since 2011.
Let’s review our stock pick on Friday.
A call for buy for AI which resulted in a loss. Our system entered the market at $19.87 and the price hit our SL at $19.16. The index fell down during the time of trade, and the stock price followed. The price was down for the first half of the session and only recovered later in the market.
C3.ai, Inc. operates as an enterprise artificial intelligence (AI) software company in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. It provides C3 AI application platform, an application development and runtime environment that enables customers to design, develop, and deploy enterprise AI applications; C3 AI Ex Machina to for analysis-ready data; C3 AI CRM, an industry specific customer relationship management solution; and C3 AI Data Vision that visualizes, understands, and leverages the relationships between data entities.
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