Hi everyone.
On 18/04/2023, our system had provided a few stock picks and the result are as below:
SHOP – (Buy) – Break-even
DDOG – (Buy) – Withdrawn
ARRY – (Buy) – Profit
RUN – (Buy) – Break-even
Three major US stock indexes closed near the flatline on Tuesday as investors weighed the latest earnings releases while Fed tightening concerns remained. Goldman Sachs dropped 1.6% on reporting softer-than-anticipated revenue while Bank of America added 0.6% after topping Wall Street’s Q1 revenue and earnings estimates.
Let’s review our stock picks on Tuesday.
A call for buy for SHOP which resulted in a break-even. Our system entered the market at $49.38 and the price hit our adjusted stop loss at break-even as the price congested throughout the market session.
Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company’s platform enables merchants to displays, manages, markets, and sells its products through various sales channels, including web and mobile storefronts, physical retail locations, pop-up shops, social media storefronts, native mobile apps, buy buttons, and marketplaces; and enables to manage products and inventory, process orders and payments, fulfill and ship orders, new buyers and build customer relationships, source products, leverage analytics and reporting, manage cash, payments and transactions, and access financing.
A call for buy for DDOG which was withdrawn. Our system withdrew because the price open with a gap above our entry price before moving downwards in the opening session.
Datadog, Inc. operates an observability and security platform for cloud applications in North America and internationally. The company’s products include infrastructure and application performance monitoring, log management, digital experience monitoring, continuous profiler, database monitoring, network monitoring, incident management, observability pipelines, cloud cost management, universal service monitoring, cloud security management, application security management. cloud SIEM, sensitive data scanner, and CI Visibility.
A call for buy for ARRY which resulted in a profit. Our system entered the market at $22.03 and the price hit our TP at $22.20.
Array Technologies, Inc. manufactures and sells ground-mounting tracking systems used in solar energy projects in the United States, Spain, Brazil, Australia, and internationally.
A call for buy for RUN which resulted in a break-even. Our system entered the market at $135.02 and the price hit our adjusted stop loss at $134.40 as the price kept moving downwards during the opening session and only moved upwards towards the end of the market.
Sunrun Inc. engages in the design, development, installation, sale, ownership, and maintenance of residential solar energy systems in the United States. It also sells solar energy systems and products, such as panels and racking; and solar leads generated to customers. In addition, the company offers battery storage along with solar energy systems; and sells services to commercial developers through multi-family and new homes.
Stay tuned for more of our stock picks.
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