Hi everyone.
On 20/04/2023, our system had provided a few stock picks and the result are as below:
DAL – (Buy) – Profit
BABA – (Sell) – Profit
US stocks remained under pressure for the second straight session on Thursday as investors continued to digest the latest batch of earnings and comments from Federal Reserve speakers. The Dow lost over 100 points, while the S&P 500 and the Nasdaq slid 0.6% and 0.8%, respectively.
Let’s review our stock picks on Thursday.
A call for buy for DAL which resulted in a profit. Our system entered the market at $35.22 and the price hit our adjusted stop loss at $35.39.
Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as well as coastal hub positions in Boston, Los Angeles, New York-LaGuardia, New York-JFK, and Seattle; and international network centered on hubs and market presence in Amsterdam, Mexico City, London-Heathrow, Paris-Charles de Gaulle, and Seoul-Incheon.
A call for sell for BABA which resulted in a profit. Our system entered the market at $93.20 and the price hit our adjusted TP at $92.85. If you did not exit at our adjusted TP, you could have profited more than 3% and exited at the lowest price of the day of $90.05. Congratulations if you were among those who waited!
Alibaba Group Holding Limited, through its subsidiaries, provides technology infrastructure and marketing reach to help merchants, brands, retailers, and other businesses to engage with their users and customers in the People’s Republic of China and internationally. The company operates through seven segments: China Commerce, International Commerce, Local Consumer Services, Cainiao, Cloud, Digital Media and Entertainment, and Innovation Initiatives and Others. It operates Taobao Marketplace, a social commerce platform; Tmall, a third-party online and mobile commerce platform for brands and retailers; Alimama, a monetization platform; 1688.com and Alibaba.com, which are online wholesale marketplaces; AliExpress, a retail marketplace; Lazada, Trendyol, and Daraz that are e-commerce platforms; Freshippo, a self-operated retail chain; and Tmall Global, an import e-commerce platform.
Stay tuned for more of our stock picks.
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