Hi everyone.
On 27/10/2022, our system had provided a few picks and the results are as below:
NUE – (Sell) – Profit
APA – (Sell) – Profit
PLUG – (Buy) – Loss
DHT – (Sell) – Profit
SM – (Buy) – Withdrawn
The blue-chip Dow jumped more than 300 points on Thursday as investors digested better-than-expected US GDP data and a slew of upbeat results for its components. The first estimate of third-quarter GDP showed that the economy grew by 2.6%, above market expectations of 2.4%, and returning to growth after two consecutive quarters of decline.
Let’s review our stock picks on Thursday.
Call for sell for NUE which resulted in a profit. Our system entered the market at $136.24 and made a call to profit at $135.56.
Nucor Corporation manufactures and sells steel and steel products. The company’s Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; wide-flange beams, beam blanks, and H-piling and sheet piling products; and bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and special bar quality products.
Call for sell for APA which resulted in a profit. Our system entered the market at $47.09 and made a call to profit at $46.60. If you followed this stock but did not take profit, you would still be in the market with a profit.
APA Corporation, through its subsidiaries, explores for, develops, and produces oil and gas properties. It has operations in the United States, Egypt, and the United Kingdom, as well as has exploration activities offshore Suriname.
Call for buy for PLUG which resulted in a loss. Our system entered the market at $16.62 and the stock price hit our stop loss at $16.12.
Plug Power Inc. delivers end-to-end clean hydrogen and zero-emissions fuel cell solutions for supply chain and logistics applications, on-road electric vehicles, stationary power market, and others in North America and internationally. On Friday, George Gianarikas, an analyst at Canaccord, assumed coverage on the stock, rating it a hold and assigning a price target of $16. According to TheFly.com, Gianarikas is unconvinced that Plug can achieve its lofty projections: daily liquid green hydrogen production of 500 tons and 1,000 tons by 2025 and 2028, respectively.
Call for sell for DHT which resulted in a profit. Our system entered the market at $8.94 and made a call to profit at $8.89, which was our trailing stop loss. If you followed this stock but did not take profit here, you would still be able to take profit at our initial target price of $8.81.
DHT Holdings, Inc., through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, and Norway. As of March 17, 2022, it had a fleet of 26 very large crude carriers with a capacity of 8,043,657 deadweight tons.
Call for buy for SM which was withdrawn. Our system withdrew because the price opened with a gap above our EP before the stock moved downwards throughout the market.
SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in the state of Texas. The company will issue its quarterly earnings data after the market closes on Thursday, November 3rd.
Stay tuned for more of our stock picks.
Want the next pick before it's written up?
AIRESCAN's AI publishes live recommendations in the app.