Hi everyone.
On 12/04/2023, our system had provided a few stock picks and the result are as below:
ARRY – (Buy) – Withdrawn
VLO – (Buy) – Break-even
VLO – (Buy) – Loss
The Dow closed 0.1% lower on Wednesday, while the S&P 500 and Nasdaq 100 slid by 0.4% and 0.8%, respectively. Recession concerns grew after FMOC minutes showed that Fed expects banking turmoil to cause a recession while investors were digesting fresh inflation data.
Let’s review our stock picks on Wednesday.
A call for buy for ARRY which was withdrawn. Our system withdrew because the price open with a gap above our entry price before moving downwards in the opening session.
Array Technologies, Inc. manufactures and sells ground-mounting tracking systems used in solar energy projects in the United States, Spain, Brazil, Australia, and internationally.
A call for buy for VLO which resulted in a break-even. Another call for buy resulted in a loss. Our system entered the market at $135.02 and the price hit our adjusted stop loss at $134.40 as the price kept moving downwards during the opening session and only moved upwards towards the end of the market.
Valero Energy Corporation manufactures, markets, and sells transportation fuels and petrochemical products in the United States, Canada, the United Kingdom, Ireland, Latin America, and internationally. It operates through three segments: Refining, Renewable Diesel, and Ethanol. The company produces California Reformulated Gasoline Blendstock for Oxygenate Blending and Conventional Blendstock for Oxygenate Blending gasolines, CARB diesel, diesel, jet fuel, and asphalt; aromatics; and sulfur crude oils.
Stay tuned for more of our stock picks.
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