Hi everyone.
On 29/09/2022, our system had provided a few picks and the results are as below:
VFC – (Sell) – Withdrawn
PBF – (Buy) – Withdrawn
US Equities declined sharply Thursday, with the Dow falling nearly 500 points while the S&P 500 and Nasdaq lost 2.2% and 2.9%, respectively, as treasury yields resumed their climb higher, outweighing the Bank of England’s emergency intervention in UK notes.
Let’s review our stock picks on Thursday.
Call for sell for VFC which was withdrawn but in the right direction. Our system withdrew because the price opened with a gap below our EP before trading downwards throughout the rest of the market.
V.F. Corporation, together with its subsidiaries, engages in the design, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for men, women, and children in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Outdoor, Active, and Work.
Call for buy for PBF which was withdrawn. Our system withdrew because the price opened with a gap above our EP before trading sideways throughout the rest of the market.
PBF Energy Inc., together with its subsidiaries, engages in refining and supplying petroleum products. The company operates in two segments, Refining and Logistics.
Stay tuned for more of our stock picks.
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