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AIRESCAN Stock Review (3/4/2023)

Hi everyone.

On 03/04/2023, our system had provided a few picks and the results are as below:

RBLX – (Buy)  – Loss

U – (Buy)  – Break-even

CHP – (Buy)  – Profit

The Dow Jones closed more than 320 points higher and the S&P 500 added nearly 0.4% on Monday, the first trading day of the second quarter, while the Nasdaq dipped 0.3%, as investors digest a surprise cut in oil output from OPEC+ and the impact it could have on inflation and the Fed’s monetary policy. Money markets now see a 65% probability of a 25bps rate hike in the fed funds rate next month, compared to 55% earlier.

Let’s review our stock picks on Monday.

A call for buy for RBLX which resulted in a loss. Our system entered the market at $44.98 and the price hit our SL at $44.50. The stock dipped in the early hours of the market before climbing back up again.

Roblox Corporation develops and operates an online entertainment platform. The company offers Roblox Studio, a free toolset that allows developers and creators to build, publish, and operate 3D experiences, and other content; Roblox Client, an application that allows users to explore 3D digital world; Roblox Education for learning experiences; and Roblox Cloud, which provides services and infrastructure that power the human co-experience platform. It serves customers in the United States, the United Kingdom, Canada, Europe, China, the Asia-Pacific, and internationally. 

A call for buy for U which resulted in a break-even. The price movement was congested before it fell down and rising back up again near the end of the market.

Unity Software Inc. operates a platform that provides real-time 3D development tools and services. Its platform provides software solutions to create, run, and monetize interactive, real-time 2D and 3D content for mobile phones, tablets, PCs, consoles, and augmented and virtual reality devices. 

A call for buy for CHPT which resulted in a profit. Our system entered the market at $10.18 and the price hit our adjusted TP at $10.35.

ChargePoint Holdings, Inc. provides electric vehicle (EV) charging networks and charging solutions in the United States and internationally. It offers a portfolio of hardware, software, and services for commercial, fleet, and residential customers. The company was founded in 2007 and is headquartered in Campbell, California.

Stay tuned for more of our stock picks.

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