Hi everyone.
On 26/09/2022, our system had provided a few picks and the results are as below:
MPC – (Sell) – Stop loss
GIS – (Buy) – Withdrawn
Wall Street extended losses for a fifth consecutive session Monday, with the Dow falling 325 points down 1.1%, the S&P 500 retreating 1.03%, and the Nasdaq 0.60%, as signals that inflation is becoming more entrenched in the economy paved the way for further interest rate increases.
Let’s review our stock picks on Monday.
Call for sell for MPC which resulted in a loss although the call was made in the right direction. Our system entered the market at $90.90 but the stock traded sideways in the first half before hitting our SL and trading downwards thereafter.
Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. It operates in two segments, Refining & Marketing, and Midstream.
Call for buy for GIS which was withdrawn. Our system withdrew because the price opened with a gap below our EP before trading sideways throughout the rest of the market.
General Mills, Inc. manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet.
Stay tuned for more of our stock picks.
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