Hi everyone.
On 26/10/2022, our system had provided a few picks and the results are as below:
PLUG – (Buy) – WIthdrawn
FANG – (Sell) – Withdrawn
BEKE – (Buy) – Profit
SLB – (Sell) – Withdrawn
The Nasdaq fell over 2%, while the Dow finished flat, and the S&P 500 declined more than 0.7% as disappointing results from Microsoft and Alphabet sent shockwaves through the tech sector and raised concerns about slowing economic growth. Google-parent Alphabet lost over 9%, its worst day since March 2020, after reporting gloomy ad sales and offering sour guidance for the advertising business. Microsoft dropped over 7% after the tech giant posted its lowest sales growth in five years.
Let’s review our stock picks on Wednesday.
Call for buy for PLUG which was withdrawn. Our system withdrew because the price opened with a gap below our EP before the stock moved sideways throughout the market.
Plug Power Inc. delivers end-to-end clean hydrogen and zero-emissions fuel cell solutions for supply chain and logistics applications, on-road electric vehicles, stationary power market, and others in North America and internationally. It engages in building an end-to-end green hydrogen ecosystem, including green hydrogen production, storage and delivery, and energy generation through mobile or stationary applications.
Call for sell for FANG which was withdrawn but in the right direction. Our system withdrew because the price opened with a gap below our EP before the stock moved sideways throughout the market.
Diamondback Energy, Inc., an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional and onshore oil and natural gas reserves in the Permian Basin in West Texas. It focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations of the Delaware basin, which are part of the Permian Basin in West Texas and New Mexico.
Call for buy for BEKE which resulted in a profit. Our system entered the market at $10.39 and made a call to profit at $10.86.
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.
Call for sell for SLB which was withdrawn but in the right direction. Our system withdrew because the price opened with a gap above our EP before the stock moved downwards throughout the market.
Schlumberger Limited provides technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems.
Stay tuned for more of our stock picks.
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