Hi everyone.
On 31/10/2022, our system had provided a few picks and the results are as below:
PLUG – (Buy) – Loss
FANG – (Sell) – Profit
SPR – (Sell) – Withdrawn
BEKE – (Buy) – Break-even
The Dow Jones declined over 120 points on Monday, while the S&P 500 and the Nasdaq lost 0.5% and 1%, respectively, as investors reassessed the outlook for growth and monetary policy. The ongoing earnings season has offered mixed signs about the health of the world’s largest economy, with mega-cap names including Meta, Microsoft, Amazon, and Alphabet reporting disappointing results. Uber, Pfizer, and Advanced Micro Devices are the most prominent names to post results this week.
Let’s review our stock picks on Monday.
Call for buy for SBSW which resulted in a loss. Our system entered the market at $16.15 and the stock price hit our stop loss at $15.75.
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. On Friday, George Gianarikas, an analyst at Canaccord, assumed coverage on the stock, rating it a hold and assigning a price target of $16. According to TheFly.com, Gianarikas is unconvinced that Plug can achieve its lofty projections: daily liquid green hydrogen production of 500 tons and 1,000 tons by 2025 and 2028, respectively.
Call for sell for FANG which resulted in a profit. Our system entered the market at $158.65 and made a call to profit at $156.25. If you followed this stock and did not take profit, you would have taken a loss.
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Call for sell for SPR which was withdrawn. Our system withdrew because the price opened with a gap below our EP before the stock moved upwards throughout the market.
Spirit AeroSystems Holdings, Inc. designs, engineers, manufactures, and markets commercial aerostructures worldwide. It operates through three segments: Commercial, Defense & Space, and Aftermarket.
Call for buy for BEKE which resulted in a break-even. Our system entered the market at $10.33 and made a call to profit at $10.34, as the movement of the stock price was stagnant. If you followed this stock and did not take profit, you would still be in the market with a loss.
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.
Stay tuned for more of our stock picks.
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