Hi everyone. Hope you’re having a good week!
On 27/6/22, our system had provided a few picks and the results are as below:
JD (Buy) – withdrawn
CRSP (Buy) – withdrawn
VZ (Buy) – Profit
Monday was quite a slow market session. The Dow 30 and the S&P 500 fell down by 0.2% and 0.3% respectively, while NASDAQ led losses with a 0.9% drop.
Let’s review our system’s stock picks.
Call for buy for JD which was withdrawn. The stock opened with a gap and hit our TP before falling down and trading sideways throughout the market.
JD.com Inc. is also known as Jingdong is a Chinese e-commerce company headquartered in Beijing. It is a major competitor to Alibaba-run Tmall. Major news site reported that South African internet giant arm Naspers Ltd sold almost $4 billion worth of stock in JD.com that it got as dividends from investee Tencent.
Call for buy for CRSP which was also withdrawn. The stock opened at EP, but the price didn’t fill so our system withdrew the stock. The price fell in the first hour of trading and hit back our EP. If you had followed the stock, you would re-enter the market at EP around mid-session and still be in the market, achieving 86% our our TP.
CRISPR Therapeutics AG is a Swiss-American biotechnology company based in Switzerland. CRISPR is approaching its next earnings release and is projected to report earnings of -$2.23 per share which would be a decline of 123.62%.
Call for buy VZ which resulted in a profit of 0.25%. Our system made a call to take profit at $51.23. If you had not take profit, you will still be in the market.
Verizon Communications Inc. is an American multinational telecommunications conglomerate and a corporate component of the Dow Jones Industrial Average. While the markets are looking into stocks with consistent cash flows like wireless carriers, Verizon has been lagging behind its other competitors in the 5G market.
Stay tuned for our next stock picks review.
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