Hi everyone.
On 27/07/2022, our system had provided a few picks and the results are as below:
MRVL (Buy) – Withdrawn
NEE (Buy) – Profit
All three major US stock indexes rallied on Wednesday after Fed Chair Jerome Powell highlighted that the central bank could eventually moderate the magnitude of rate hikes when it would become clear that the inflation peaked or in case of a dramatic economic slowdown. The Dow closed 1.37% higher, the S&P 500 rallied 2.62% and Nasdaq soared 4.06%. †US equities started the morning with a strong rally after MSFT and GOOGL delivered sufficiently-OK quarters and commentary last night relative to expectations and there were no offsetting blow-ups from other megacaps.
Let’s review our stock picks on Wednesday.
Call for buy for MRVL which was withdrawn but the call was made in the right direction. Our system withdrew because the price open with a gap above our EP before trading upwards throughout the market and hitting our TP.
Marvell Technology, Inc., together with its subsidiaries, designs, develops, and sells analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. The shares of the company recently received a $55 price target from Goldman Sachs.
Call for buy for NEE which resulted in a profit. Our system entered at $80.05 and called for profit taking at $80.45 due to the price congestion. But if you did not take profit when our system called it, you would have gained a double profit.
NextEra Energy, Inc., through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. Research analysts at Seaport Res Ptn raised their FY2022 earnings per share estimates.
Stay tuned for more of our stock picks.
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