Hi everyone.
On 21/09/2022, our system had provided a few picks and the results are as below:
EBAY – (Sell) – Withdrawn
MRVL – (Sell) – Stop loss
The Dow lost almost 300 points on Tuesday, and the S&P 500 and Nasdaq dropped 1.1% and 0.8%, respectively, as tightening financial conditions and growth concerns have been a mounting headwind for equities.
Let’s review our stock picks on Wednesday.
Call for sell for EW which was withdrawn. Our system withdrew because the price opened with a gap below our EP before trading downwards throughout the rest of the market.
eBay Inc. operates marketplace platforms that connect buyers and sellers in the United States and internationally. The company’s Marketplace platform includes its online marketplace at ebay.com and the eBay suite of mobile apps.
Call for sell for MRVL which resulted in a loss. Our system entered the market at $46.15 and $46.08. The company stock traded upwards in the first half of the session and hit our SL at $46.73 for both entries.
Marvell Technology, Inc., together with its subsidiaries, designs, develops, and sells analog, mixed-signal, digital signal processing, and embedded and standalone integrated circuits. The company issued an update on its third quarter 2023 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.56-$0.62 for the period, compared to the consensus earnings per share estimate of $0.60. The company issued revenue guidance of $1.51 billion-$1.61 billion, compared to the consensus revenue estimate of $1.58 billion.
Stay tuned for more of our stock picks.
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