Hi everyone.
On 09/03/2023, our system had provided a few picks and the results are as below:
AMD – (Buy) – Withdrawn
ON – (Buy) – Profit
The Dow Jones closed 543 points lower on Thursday, while the S&P 500 and the Nasdaq shed 1.8 and 2%, respectively, as investors continued to weigh hawkish remarks by Fed Chair Powell this week while remained concerned ahead of tomorrow’s payroll report.
Let’s review our stock picks on Thursday.
A call for buy for AMD which was withdrawn. Our system withdrew as the index at the time fell down before moving upwards again.
Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. It operates in four segments: Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.
A call for buy for ON which resulted in a profit. Our system entered the market at $84.37 and the price hit our trailing stop loss at $84.50.
ON Semiconductor Corporation provides intelligent sensing and power solutions in the United States and internationally. The company operates through three segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group. Its intelligent power technologies enable the electrification of the automotive industry that allows for lighter and longer-range electric vehicles, empowers fast-charging systems, and propels sustainable energy for the solar strings, industrial power, and storage systems.
Our stock from 8/3/2023, PINS has exited with a loss. PINS is one of our AI system’s picks for swing trade and the price hit our stop loss as index fell down.
Stay tuned for more of our stock picks.
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