Hi everyone.
On 28/10/2022, our system had provided a few picks and the results are as below:
PLUG – (Sell) – Profit
ZI – (Buy) – Withdrawn
CLF – (Sell) – Withdrawn
SPR – (Sell) – Withdrawn
DVN – (Buy) – Withdrawn
ZTO – (Buy) – Withdrawn
SBSW – (Buy) – Loss
The Dow advanced more than 700 points on Friday, and the S&P 500 and the tech-heavy Nasdaq added over 2% each as investors digested a slew of economic data and earnings reports while reassessing their expectations for more rate increases from the Federal Reserve.
Let’s review our stock picks on Friday.
Call for sell for PLUG which resulted in a profit. Our system entered the market at $15.96 and made a call to profit at $15.93, which is our trailing stop loss. If you followed this stock and did not take profit, you would still be able to profit at our initial target price of $16.31.
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Call for buy for ZI which was withdrawn. Our system withdrew because the price opened with a gap below our EP before the stock moved upwards throughout the market.
ZoomInfo Technologies Inc., through its subsidiaries, provides go-to-market intelligence and engagement platform for sales and marketing teams in the United States and internationally. The company will be reporting their earnings report on 2 November.
Call for sell for CLF which was withdrawn but in the right direction. Our system withdrew because the price opened with a gap below our EP before the stock moved downwards throughout the market.
Cleveland-Cliffs Inc. operates as a flat-rolled steel producer in North America. The company offers carbon steel products, such as hot-rolled, cold-rolled, electrogalvanized, hot-dip galvanized, hot-dip galvannealed, aluminized, enameling, and advanced high-strength steel products; stainless steel products; plates; and grain oriented and non-oriented electrical steel products.
Call for sell for SPR which was withdrawn. Our system withdrew because the price opened with a gap below our EP before the stock moved upwards throughout the market.
Spirit AeroSystems Holdings, Inc. designs, engineers, manufactures, and markets commercial aerostructures worldwide. It operates through three segments: Commercial, Defense & Space, and Aftermarket.
Call for buy for DVN which was withdrawn but in the right direction. Our system withdrew because the price opened with a gap above our EP before the stock moved upwards throughout the market after the first hour.
Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It operates approximately 5,134 gross wells. Devon Energy Corporation was incorporated in 1971 and is headquartered in Oklahoma City, Oklahoma.
Call for buy for ZTO which was withdrawn. Our system withdrew because the price opened with a gap above our EP before the stock moved sideways throughout the market.
ZTO Express (Cayman) Inc. provides express delivery and other value-added logistics services in the People’s Republic of China. The company offers delivery services for e-commerce and traditional merchants, and other express service users.
Call for buy for SBSW which resulted in a loss. Our system entered the market at $9.54 and the stock price hit our stop loss at $9.45.
Sibanye Stillwater Limited, together with its subsidiaries, operates as a precious metals mining company in South Africa, the United States, Zimbabwe, Canada, and Argentina. The company produces gold; platinum group metals (PGMs), including palladium, platinum, and rhodium; and by-products, such as iridium, ruthenium, nickel, copper, and chrome. It owns the East Boulder and Stillwater mines located in Montana, the United States; and Columbus metallurgical complex, which smelts the material mined to produce PGM-rich filter cake, as well as conducts PGM recycling activities.
Stay tuned for more of our stock picks.
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