Hi everyone.
On 07/06/2023, our system had provided a few stock picks and the results are as below:
AMD – (Buy) – Loss
AMD – (Buy) – Loss
The blue-chip Dow Jones finished more than 90 points higher on Wednesday, while the S&P 500 lost nearly 0.4%. Nasdaq fell 1.3%, trimming some of its recent AI-related gains as tech shares were pressured by higher Treasury yields after BoC’s surprise rate hike. Investors were cautious ahead of May inflation data and Fed’s monetary policy decision next week.
Let’s review our stock pick on Friday.
A call for buy for AMD which resulted in a loss. Our system entered the market at $124.40 and the price hit our SL at $123.30. Another call for buy also resulted in a loss. Stock prices went up in the opening and quickly fell down following the index throughout the whole market session.
Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. It operates in four segments: Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.
Stay tuned for more of our stock picks.
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