Hi everyone.
On 10/08/2022, our system had provided a few picks and the results are as below:
MOS – (Buy) Break-even
FANG – (Buy) Break-even
US stocks rallied on Wednesday, with the Dow rallying 510 points, the S&P 500 adding 2.1% to its highest since early May and the Nasdaq climbing 2.8% as the July consumer price inflation (CPI) reading was as good as markets could have hoped. Headline prices remained steady overall in July compared to June, marking the slowest monthly inflation in more than two years.
Let’s review our stock picks on Wednesday.
Call for buy for MOS which resulted in a break-even. Our system entered the market at $54.10 and made a call to take profit at $54.24, which is a trailing stop loss. As the market was stagnant, our system made a call to exit with a small profit. If you did not take profit here, you will still be in the market.
The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. It is the largest U.S. producer of potash and phosphate fertilizer.
Call for buy for FANG which resulted in a break-even. Our system entered the market at $124.69 and made a call to take a profit at an adjusted TP of $125.10. This is because the price has moved upwards by almost 3% from when it fell after hitting our EP, and our system made a call to exit with a small profit. If you did not take profit here, you will still be in the market.
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. The skyrocketing prices of crude oil during the first half of 2022 enabled the company to generate significant free cash flow this year.
Stay tuned for more of our stock picks.
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