Hi everyone.
On 02/11/2022, our system had provided a few picks and the results are as below:
AUY – (Sell) – Profit
CLF – (Buy) – Loss
PTEN – (Sell) – Withdrawn
FANG – (Sell) – Withdrawn
Tech-heavy Nasdaq was down 2.8%, the S&P 500 declined 2.1% and the Dow shed more than 400 points on Wednesday as Wall Street failed to hold the initial upside momentum and turned sharply lower as investors’ bets that the Fed will cool down the pace of rate increases fell apart after the Federal Reserve press conference.
Let’s review our stock picks on Wednesday.
Call for sell for AUY which resulted in a profit. Our system entered the market at $4.40 and made a call to profit at $4.34. If you did not take profit here, you would still be in the market with a loss.
Yamana Gold Inc., together with its subsidiaries, operates as a precious metal producer. It has gold and silver production, development-stage properties, exploration properties, and land positions throughout the Americas, including Canada, Brazil, Chile, and Argentina. The company was formerly known as Yamana Resources Inc. and changed its name to Yamana Gold Inc. in August 2003. Yamana Gold Inc. was founded in 2003 and is headquartered in Toronto, Canada.
Call for buy for CLF which resulted in a loss. Our system entered the market at $12.90 and the stock price hit our stop loss at $12.55.
Cleveland-Cliffs Inc. operates as a flat-rolled steel producer in North America. The company offers carbon steel products, such as hot-rolled, cold-rolled, electrogalvanized, hot-dip galvanized, hot-dip galvannealed, aluminized, enameling, and advanced high-strength steel products; stainless steel products; plates; and grain oriented and non-oriented electrical steel products. The company reported a lower-than-expected earnings last week, citing lower prices but increasing expenses.
Call for sell for PTEN which was withdrawn but in the right direction.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 downwards throughout the market.
Patterson-UTI Energy, Inc., through its subsidiaries, provides onshore contract drilling services to oil and natural gas operators in the United States and internationally. It operates through three segments: Contract Drilling Services, Pressure Pumping Services, and Directional Drilling Services.
Call for sell for FANG which was withdrawnbut in the right direction. Our system withdrew because the price opened with a gap below our EP before the stock moved downwards 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.
Stay tuned for more of our stock picks.
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