Hi everyone.
On 10/03/2023, our system had provided a few picks and the results are as below:
INTC – (Buy) – Profit
ON – (Buy) – Profit
The Dow Jones closed 345 points lower on Thursday, while the S&P 500 and the Nasdaq shed 1.4 and 1.7%, respectively, as the collapse of Silicon Valley Bank was the main focus besides the latest jobs numbers. On Friday, regulators took control of the Californian bank after it shares sank sharply, the biggest bank failure since 2008. Other banks also suffered in the wake of Silicon Valley Bank’s demise.
Let’s review our stock picks on Friday.
A call for buy for INTC which resulted in a profit. Our system entered the market at $26.57 and the price hit our adjusted TP at $26.87.
Intel Corporation designs, develops, manufactures, markets, and sells computing and related products worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, Accelerated Computing Systems and Graphics, Intel Foundry Services, and Other segments.
A call for buy for ON which resulted in a profit. Our system entered the market at $79.70 and the price hit our trailing stop loss at $80.90.
ON Semiconductor Corporation provides intelligent sensing and power solutions in the United States and internationally. The company operates through three segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group. Its intelligent power technologies enable the electrification of the automotive industry that allows for lighter and longer-range electric vehicles, empowers fast-charging systems, and propels sustainable energy for the solar strings, industrial power, and storage systems.
Stay tuned for more of our stock picks.
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