Good day everyone.
On 25/07/2022, our system had provided a few picks and the results are as below:
CMCSA (Buy) – Breakeven
LEN (Buy) – Withdrawn
U.S stock futures ended little changed on Monday as investors braced for a busy week of corporate earnings amid threats of a hawkish Fed and a looming economic recession. The Dow rose over 0.3%, the S&P 500 added almost 0.2% while the tech heavy Nasdaq 100 underperformed losing more than 0.4%.
Let’s review our stock picks on Monday.
Call for buy for CMCSA which resulted in a break-even. The price hit our EP and traded sideways. It did not reach our initial TP at $43.40 and our system called to take a profit at $42.74. If you did not take profit, you would still be in the market.
Comcast Corporation operates as a media and technology company worldwide. The company is set to report its second-quarter 2022 results on 28 July. Its shares have received a $44 price target from BofA Securities.
Call for buy for LEN which was withdrawn. Our system withdrew because the price open with a gap below our EP before trading downwards throughout the market.
Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. David M. Collins, the VP of the company sold 15,000 shares of the firm’s stock in a transaction on 21st July.
Stay tuned for more of our stock picks.
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