Hi everyone.
On 15/5/2023, our system had provided a few stock picks and the results are as below:
TPX – (Buy) – Profit
ON – (Buy) – Profit
SHLS – (Buy) – Loss
The Dow Jones finished almost 50 points higher on Monday, while the S&P 500 and the Nasdaq added 0.3% and 0.6% respectively, as investors remained hopeful about a debt ceiling deal following successful staff-level negotiations over the weekend. President Joe Biden is expected to host top congressional leaders on Tuesday.
Let’s review our stock picks on Monday.
A call for buy for TPX which resulted in a profit. Our system entered the market at $38.79 and the price hit our adjusted TP at $39.00.
Tempur Sealy International, Inc., together with its subsidiaries, designs, manufactures, markets, and distributes bedding products in the United States and internationally. It provides mattresses, foundations and adjustable foundations, and adjustable bases, as well as other products comprising pillows, mattress covers, sheets, cushions, and various other accessories and comfort products under the Tempur-Pedic, Sealy, Stearns & Foster, and Cocoon by Sealy brand names.
A call for buy for ON which resulted in a profit. Our system entered the market at $80.88 and the price hit our adjusted TP at $81.40. If you did not exit at our TP, you would have been able to achieve a maximum profit of $82.36. Congratulations if you managed to exit at the highest price!
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. The company offers analog, discrete, module, and integrated semiconductor products that perform multiple application functions, includes power switching and conversion, signal conditioning, circuit protection, signal amplification, and voltage regulation functions.
A call for buy for SHLS which resulted in a loss. Our system entered the market at $24.15 and the price hit our SL at $23.94. Our system exited within the stringent stop loss policy implemented when the price drop before it recovered and went back up again. If you didn’t exit at our SL, you would still be able to profit from the trade.
Shoals Technologies Group, Inc. provides electrical balance of system (EBOS) solutions and components for solar, battery energy, and electric vehicle charging applications in the United States. It produces EBOS components, including cable assemblies, inline fuses, combiners, disconnects, recombiners, wireless monitoring systems, junction boxes, transition enclosures, splice boxes, and wire management solutions.
Stay tuned for more of our stock picks.
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