Hi everyone.
On 26/08/2022, our system had provided a few picks and the results are as below:
BE – (Buy) – Withdrawn
ARRY – (Buy) – Profit
US stocks plunged on Friday, fully erasing August gains after Chairman Jerome Powell reassured markets that the Fed will keep interest rates at a restrictive territory until inflation is brought down to the 2% level. The Dow plummeted 1,000 points, while the S&P 500 and the Nasdaq tanked 3.4% and 3.9%, respectfully.
Let’s review our stock picks on Friday.
Call for buy for BE which was withdrawn. Our system withdrew because the price opened with a gap above our EP before trading downwards throughout the market.
Bloom Energy Corporation designs, manufactures, sells, and installs solid-oxide fuel cell systems for on-site power generation in the United States and internationally. Hydrogen has a lot of industrial use cases, but has traditionally been made from fossil fuels. However, “green hydrogen,” which Bloom produces, is made from clean energy sources and water, instead of the traditional method of deriving the hydrogen from methane or coal, which releases CO2. Green hydrogen has the potential to greatly reduce the carbon footprint of industrial end products such as fertilizers.
Call for buy for ARRY which resulted in a profit. Our system entered at $22.23 and made a call to take profit at $22.69, a profit of 2%. If you had followed this stock and did not exit, you would still be in the market with a loss.
Array Technologies, Inc. manufactures and supplies solar tracking systems and related products in the United States and internationally.
Stay tuned for more of our stock picks.
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