Hi everyone.
On 3/5/2023, our system had provided a few stock picks and the results are as below:
OXY – (Short) – Profit
SPOT – (Buy) – Profit
The Dow ended 270 points lower on Wednesday, while the S&P 500 and Nasdaq 100 fell nearly 0.7% and 0.5%, respectively, as investors weighed comments from Fed Chair Powell at the press conference that signaled no rate cut is on the table if inflation remains high. Earlier, Wall Street enjoyed some respite on growing expectations the central bank will pause interest rate hikes, following today’s expected 25 bps increase.
Let’s review our stock picks on Wednesday.
A call for sell for OXY which resulted in a profit. Our system entered the market at $59.67 and the price hit our adjusted SL at $59.56.
Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, North Africa, and Latin America. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing.
A call for buy for SPOT which resulted in a profit. Our system entered the market at $136.70 and the price hit our TP at $138.10. If you did not exit at our TP, you would have been able to profit more than 1% exiting at the highest point of $140.99. Congratulations if you did!
Spotify Technology S.A., together with its subsidiaries, provides audio streaming services worldwide. It operates through two segments, Premium and Ad-Supported. The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to its subscribers. The Ad-Supported segment provides on-demand online access to its catalog of music and unlimited online access to the catalog of podcasts to its subscribers on their computers, tablets, and compatible mobile devices.
Stay tuned for more of our stock picks.
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