Hi everyone.
On 4/5/2023, our system had provided a few stock picks and the results are as below:
FANG – (Sell) – Profit
MRK – (Buy) – Profit
The Dow closed more than 280 points lower on Thursday afternoon, while the S&P 500 and Nasdaq 100 dropped 0.7% and 0.5%, respectively, as worries about banking system stress and a possible Fed-induced recession lingered. Shares of PacWest plunged 50.6% after reports that the California-based bank has been considering strategic options, including a potential sale. Other regional banks also came under heavy selling pressure, including Western Alliance (-38.4%) and Zions Bancorporation (-12%).
Let’s review our stock picks on Thursday.
A call for sell for FANG which resulted in a profit. Our system entered the market at $129.20 and the price hit our adjusted TP at $128.55. The stock price fell throughout the market and the lowest price was $125.93 at closing. If you did not exit at our TP, you would have been able to profit more than 2% at the lowest price. Congratulations if you did!
Diamondback Energy, Inc., an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional and onshore oil and natural gas reserves in the Permian Basin in West Texas. It focuses on the development of the Spraberry and Wolfcamp formations of the Midland basin; and the Wolfcamp and Bone Spring formations of the Delaware basin, which are part of the Permian Basin in West Texas and New Mexico.
A call for buy for MRK which resulted in a break-even. Our system exited with a break-even as the price started to fall downwards until the end of the session.
Merck & Co., Inc. operates as a healthcare company worldwide. It operates through two segments, Pharmaceutical and Animal Health. The Pharmaceutical segment offers human health pharmaceutical products in the areas of oncology, hospital acute care, immunology, neuroscience, virology, cardiovascular, and diabetes, as well as vaccine products, such as preventive pediatric, adolescent, and adult vaccines.
Stay tuned for more of our stock picks.
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