Hi everyone.
On 22/5/2023, our system had provided a few stock picks and the results are as below:
DASH – (Buy) – Withdrawn
ADBE – (Buy) – Break-even
DASH – (Buy) – Break-even
CMCSA – (Buy) – Profit
EXPE – (Buy) – Loss
The Dow Jones closed 140 points lower on Monday, while the S&P finished slightly in the green and the Nasdaq added 0.5% as investors awaited a breakthrough in the debt limit talks. Hours before today’s 5.30 PM scheduled meeting between President Biden and House Speaker Kevin McCarthy, the house speaker said “I firmly believe what we’re negotiating right now, a majority of Republicans will see that it is a right place to put us on the right path,”. Treasury Secretary Yellen said on Sunday that the likelihood of the Treasury paying all US bills by June 15th is quite low.
Let’s review our stock pick on Monday.
A call for buy for DASH which resulted in a break-even. Another call for buy for DASH was withdrawn. The price was congested throughout the first half of the session before it dropped suddenly around mid-day.
DoorDash, Inc. operates a logistics platform that connects merchants, consumers, and dashers in the United States and internationally. It operates DoorDash and Wolt marketplaces, which provides an array of services that enable merchants to solve mission-critical challenges, such as customer acquisition, delivery, insights and analytics, merchandising, payment processing, and customer support; DashPass and Wolt+, a membership products; and offers DoorDash Drive and Wolt Drive, a white-label delivery fulfillment services; DoorDash Storefront that enables merchants to offer consumers on-demand access to e-commerce; and Bbot, which offers merchants digital ordering and payment solutions for in-store and online channels.
A call for buy for ADBE which resulted in a break-even. If you did not exit at our adjusted SL, you would have been able to profit at the highest price of $374.04.
Adobe Inc., together with its subsidiaries, operates as a diversified software company worldwide. It operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. The Digital Media segment offers products, services, and solutions that enable individuals, teams, and enterprises to create, publish, and promote content; and Document Cloud, a unified cloud-based document services platform. Its flagship product is Creative Cloud, a subscription service that allows members to access its creative products.
A call for buy for CMCSA which resulted in a profit. Our system entered the market at $41.40 and the price hit our adjusted TP at $41.60.
Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Media, Studios, Theme Parks, and Sky segments. The Cable Communications segment provides broadband, video, voice, wireless, and other services to residential and business customers under the Xfinity brand; and advertising services.
A call for buy for EXPE which resulted in a loss. Our system entered the market at $96.85 and the price hit our adjusted TP at $97.30.
Expedia Group, Inc. operates as an online travel company in the United States and internationally. The company operates through Retail, B2B, and trivago segments. Its brand portfolio includes Brand Expedia, a full-service online travel brand with localized websites; Hotels.com for marketing and distributing lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz; Travelocity; Wotif Group; CheapTickets; ebookers; Expedia; Hotwire; CarRentals.com; Classic Vacations; and Expedia Cruise. The company’s brand portfolio also comprises Expedia Partner Solutions, that offers private label and co-branded products through third-party websites; and Egencia that provides travel services to businesses and corporate customers. In addition, its brand portfolio consists of Trivago, a hotel metasearch website, which send referrals to online travel companies and travel service providers from hotel metasearch websites.
Stay tuned for more of our stock picks.
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