Hi everyone.
On 05/12/2022, our system had provided a few picks and the results are as below:
SHOP – (Buy) – Loss
BIDU – (Buy) – Profit
WDAY – (Buy) – Profit
RNG – (Buy) – Loss
The Dow Jones slumped nearly 500 points to close at 33,947 on Monday, while the S&P 500 and Nasdaq Composite slid by 1.8% and 1.9%, respectively, after better-than-expected service-sector activity data suggested the US Federal Reserve could raise interest rates for longer.
Let’s review our stock picks on Monday.
Call for buy for SHOP which resulted in a loss. Our system entered the market at $41.60 and the price hit our stop loss at $41.00.
Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company’s platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces.
Call for buy for BIDU which resulted in a profit. Our system entered the market at $117.92 and made a call to profit at $119.50, which is our trailing stop loss. Another call made for BIDU also resulted in a profit with break-even.
Baidu, Inc. offers internet search services in China. It operates through Baidu Core and iQIYI segments. The company offers Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services; Baidu Feed that provides users with personalized timeline based on their demographics and interests; and Haokan, a short video app.
Call for buy for WDAY which resulted in a profit. Our system entered the market at $166.75 and made a call to profit at $166.76, which was at break-even as the price went downwards through most of the session.
Workday, Inc. provides enterprise cloud applications in the United States and internationally. The company’s applications help its customers to plan, execute, analyze, and extend to other applications and environments, and to manage their business and operations. It offers a suite of financial management applications, which enable chief financial officers to maintain accounting information in the general ledger; manage financial processes; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.
Call for buy for RNG which resulted in a loss. Our system entered the market at $38.53 and the price hit our stop loss at $37.70.
RingCentral, Inc. provides software-as-a-service solutions that enable businesses to communicate, collaborate, and connect in North America. The company offers business cloud communications and contact center solutions based on its Message Video Phone? platform.
Stay tuned for more of our stock picks.
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