Hi everyone.
On 16/08/2022, our system had provided a few picks and the results are as below:
CARR – (Buy) – Profit
JWN – (Buy) – Withdrawn
Stocks on Tuesday were mixed with the Dow adding over 200 points and the S&P 500 rising by 0.2%, while Nasdaq shed 0.2%. This followed a sudden pullback in tech shares, as investors assessed a slew of upbeat earnings from big retailers against a backdrop of growing concerns over slowing economic growth.
Let’s review our stock picks on Tuesday.
Call for buy for CARR which resulted in a profit. Our system entered at $44.06 and exited at our trailing stop loss, resulting in a profit of 0.73%. If you followed this stock and did not exit, you would still be in the market with a profit.
Carrier Global Corporation provides heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies worldwide. The shares of the company recently received a $47 price target from Jefferies.
Call for buy for JWN which was withdrawn but the call was made in the right direction. Our system withdrew because the price opened with a gap above our EP before trading upwards throughout the market and hitting our TP.
Nordstrom, Inc., a fashion retailer, provides apparels, shoes, beauty, accessories, and home goods for women, men, young adults, and children. It offers a range of brand name and private label merchandise through various channels. The company is set to release its earnings on 23rd August 2022.
Stay tuned for more of our stock picks.
Want the next pick before it's written up?
AIRESCAN's AI publishes live recommendations in the app.