Hi everyone.
On 28/6/22, our system had provided a few picks and the results are as below:
BA (Buy) – Withdrawn
ZIM (Buy) – Withdrawn
VZ (Buy) – Loss
While the market opened with gains on Tuesday, it closed sharply lower with all sectors under selling pressure amidst disappointing comments by Fed officials. NASDAQ index led the loss with a 3% drop, while S&P index fell by 2% and the Dow was down by 491 points. US market overall traded in the red on Tuesday.
Let’s review our system’s stock picks.
Call for buy for BA which was withdrawn. The stock opened with a gap and hit our TP before falling down and trading downwards throughout the market.
The Boeing Company is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide. A few days ago, news sites reported CEO Dave Calhoun confirmed that its supply chain issues would extend at least until end of 2023. Despite that, investors took a positive view of the company’s future.
Call for buy for ZIM which was also withdrawn. The stock opened higher than EP before it fell to our SL, but the price didn’t fill so our system withdrew the stock. The price fell in the first hour of trading before trading sideways throughout the market.
Zim Integrated Shipping Services Ltd, is a publicly held Israeli international cargo shipping company, and one of the top 20 global carriers. Investors responded positively to ZIM Integrated Shipping Services Ltd. and Data Science Consulting Group (DSG), a leading technology company specializing in AI (Artificial Intelligence) based products, solutions, and services, announcing that they have closed a $6 million Series A financing round whereby ZIM made a capital investment in DSG, which constitutes the first major equity investment in DSG.
Call for buy for VZ which resulted in a loss of 1.02%. Considering that the stock was index-linked, the drop in index caused it to follow suit.
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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