Happy August everyone!
On 01/08/2022, our system had provided a few picks and the results are as below:
XOM (Buy) – In the market
BILL (Buy) – Profit
Major US stock indexes slipped on Monday, the first trading day of August, after finishing their best month since 2020, as investors became more cautious ahead of another slew of economic data and earnings reports. The S&P 500 shed 0.3%, the Nasdaq fell 0.2% and the Dow was down 0.1%. Consumer staples and discretionary were the standout winners, while energy, materials, and financials the biggest decliners ahead of another busy week of corporate earnings (roughly 1/3 of S&P due this week).
Let’s review our stock picks on Monday.
Call for buy for XOM which is still in the market. Our system entered at a bargain price of $95.04. The stock traded sideways throughout the session and failed to reach our TP at $95.52.
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States and internationally. Recently, the company’s Q2 earnings reportedly topped analyst predictions, while revenue fell short. The company reported record massive profits thanks to sky-high gasoline prices during the quarter.
Call for buy for BILL which resulted in profit. Our system entered at $129.59 after it changed from the original EP at $131.19. If you had followed this stock, our system called to take profit at $136.57, which is a 4.69% profit.
Bill.com Holdings, Inc. provides cloud-based software that simplifies, digitizes, and automates back-office financial operations for small and midsize businesses worldwide. Recently, a Credit Suisse analyst initiated research coverage on Bill.com shares with an Outperform rating and a $160 per share price target.
Stay tuned for more of our stock picks.
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