Hi everyone.
On 10/04/2023, our system had provided a few stock picks and the result are as below:
RBLX – (Buy) – Profit
MRVL – (Sell) – Loss
The blue-chip Dow closed more than 100 points higher on Monday, while the S&P 500 gained 0.1% and Nasdaq 100 finished slightly below the flatline as investors digested the latest job report and prepared for inflation data and bank earnings later this week.
Let’s review our stock picks on Monday.
A call for buy for RBLX which resulted in a profit. Our system entered the market at $44.71 and the price hit our adjusted TP at $45.16.
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.
A call for sell for MRVL which resulted in a loss. Our system entered the market at $38.98 and the price hit our stop loss at $39.38. The stock price opened with a gap below our EP before moving upwards throughout the market session.
Marvell Technology, Inc., together with its subsidiaries, provides data infrastructure semiconductor solutions and spanning the data center core to network edge. The company develops, scales complex System-on-a-Chip architectures, integrating analog, mixed-signal, and digital signal processing functionality. It offers a portfolio of Ethernet solutions, including controllers, network adapters, physical transceivers, and switches; single or multiple core processors; custom application specific integrated circuits; and System-on-a-Chip solutions.
Stay tuned for more of our stock picks.
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