Hi everyone.
On 20/06/2023, our system had provided a stock pick and the result is as below:
BEKE – (Buy) – Loss
All three major US indexes finished below the flatline on Tuesday, following a big rally last week that saw both the S&P 500 and the Nasdaq Composite having their best weekly performances since March. The Dow Jones fell more than 240 points, the S&P 500 lost 0.4% and the Nasdaq dipped by 0.1% as investors await comments from several Fed officials this week, especially Chair Powell’s semiannual report to Congress for further clues on the central bank’s next steps.
Let’s review our stock pick on Tuesday.
A call for buy for BEKE which resulted in a loss. Our system entered the market at $15.92 and the price hit our SL at $15.80. The stock price was down the whole market session.
KE Holdings Inc., through its subsidiaries, engages in operating an integrated online and offline platform for housing transactions and services in the People’s Republic of China. It operates through four segments: Existing Home Transaction Services, New Home Transaction Services, Home Renovation and Furnishing, and Emerging and Other Services. The company provides Beike, an integrated online and offline platform for housing transactions and services; Agent Cooperation Network, an operating system that fosters reciprocity and bonding among various service providers; SaaS Systems; owns and operates Lianjia, a real estate brokerage branded store; owns Deyou brand for connected brokerage stores; and other brands.
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