Hi everyone.
On 23/5/2023, our system had provided a few stock picks and the results are as below:
AMD – (Buy) – Loss
AI – (Buy) – Profit
GME – (Buy) – Break-even
The Dow Jones closed more than 230 points lower on Tuesday, while the S&P 500 and the Nasdaq slid by 1.1% and 1.2% respectively, as investors were following the latest updates on debt ceiling negotiations. The meeting between President Biden and House Speaker Kevin McCarthy on Monday was productive but failed to produce a deal. While negotiations continued on Tuesday, there have been no signs of progress as the June 1st deadline approaches with the risk of default.
Let’s review our stock pick on Tuesday.
A call for buy for AMD which resulted in a loss. Our system entered the market at $109.96 and the price hit our adjusted SL at $109.40 because of a sudden price drop following index.
Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. It operates in four segments: Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.
A call for buy for AI which resulted in a profit. Our system entered the market at $28.26 and the price hit our adjusted TP at $28.55.
C3.ai, Inc. operates as an enterprise artificial intelligence (AI) software company in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. It provides C3 AI application platform, an application development and runtime environment that enables customers to design, develop, and deploy enterprise AI applications; C3 AI Ex Machina to for analysis-ready data; C3 AI CRM, an industry specific customer relationship management solution; and C3 AI Data Vision that visualizes, understands, and leverages the relationships between data entities.
A call for buy for GME which resulted in a break-even. The price fell down early in the market session and was congested until later in the market.
GameStop Corp., a specialty retailer, provides games and entertainment products through its stores and ecommerce platforms in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, and virtual reality products; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads.
Stay tuned for more of our stock picks.
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