Hi everyone.
On 08/03/2023, our system had provided a few picks and the results are as below:
PINS – (Buy) – Profit
ALGN – (Buy) – Withdrawn
PINS – (Buy) – In the Market
The Dow Jones closed 58 points lower on Wednesday, while the S&P 500 and Nasdaq 100 edged up 0.1% and 0.4%, respectively, after Powell’s remarks in the past two days and hot employment data that reinforced the view of a higher-for-longer outlook for interest rates.
Let’s review our stock picks on Wednesday.
A call for buy for PINS which resulted in a profit. Our system entered the market at $26.04 and the price hit our trailing stop loss at 26.17. Another call for buy for PINS is still in the market and currently trading below our EP.
Pinterest, Inc. operates as a visual discovery engine in the United States and internationally. The company’s engine allows people to find ideas, such as recipes, home and style inspiration, and others; provides video, product, and idea pins; and offers organizing and planning tools.
A call for buy for ALGN which was withdrawn as the price did not hit our EP at the opening session.
Align Technology, Inc. designs, manufactures, and markets Invisalign clear aligners, and iTero intraoral scanners and services for orthodontists and general practitioner dentists in the United States, Switzerland, China, and internationally. It operates in two segments, Clear Aligner; and Imaging Systems and CAD/CAM Services (Systems and Services).
Our stock from 6/3/2023, PSX has exited with a loss. PSX is one of our AI system’s picks for swing trade and due to the Fed’s Powell two-day testimony affecting the market, major index were down and cause the price of PSX to hit our stop loss.
Stay tuned for more of our stock picks.
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