Hi everyone.
On 22/03/2023, our system had provided a few picks and the results are as below:
BIDU – (Buy) – Profit
NEM – (Buy) – Profit
TSLA – (Buy) – Withdrawn
The Dow closed over 530 points lower on Wednesday, while the S&P 500 and Nasdaq 100 lost 1.6% each, as investors weighed the comments from Fed Chair Powell and were worried about turmoil in the banking sector that could slow the economy. The Federal Reserve raised the fed funds rate by 25bps to 4.75%-5%, as expected and Fed projections pointed to just one more hike this year.
Let’s review our stock picks on Wednesday.
A call for buy for BIDU which resulted in a profit. Our system entered the market at $148.65 and the price hit our adjusted TP at $150.15.
Baidu, Inc. offers internet search services in China. It operates through Baidu Core and iQIYI segments. The company offers Baidu App to access search, feed, and other services using mobile devices; Baidu Search to access its search and other services; Baidu Feed that provides users with personalized timeline based on their demographics and interests; and Haokan, a short video app. It also provides Baidu Knows, an online community where users can ask questions to other users; Baidu Wiki; Baidu Healthcare Wiki; Baidu Wenku; Baidu Scholar; Baidu Experience; Baidu Post; Baidu Maps, a voice-enabled mobile app that provides travel-related services; Baidu Drive; Baijiahao; and DuerOS, a smart assistant platform.
A call for buy for NEM which resulted in a profit. Our system entered the market at $46.75 and the price hit our adjusted TP at $47.00.
Newmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, and Ghana. As of December 31, 2022, it had proven and probable gold reserves of 96.1 million ounces and land position of 61,500 square kilometers.
A call for buy for TSLA which was withdrawn. Our system withdrew from the market because the price was congested during the market opening and went downwards after the FOMC economic projections and towards the end of the market session.
Tesla, Inc. designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. It operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, retail merchandise, and vehicle insurance services.
Stay tuned for more of our stock picks.
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