Good day everyone.
On 30/6/2022, our system had provided a few picks and the results are as below:
NUE (Sell) – Withdrawn
KSS (Sell) – Withdrawn
Market on Thursday had not recovered yet. Major news site reported the S&P 500 posting its steepest first-half percentage drop since at least 1970. Dow closed 254 points lower while the S&P and Nasdaq lost 0.9% and 1.3% respectively. Technology stocks were hit especially hard.
Let’s review our stock picks on Thursday.
Call for sell for NUE which was withdrawn. It was the right direction but our system withdrew because the price open with a gap and hit our TP before trading sideways throughout the market.
Nucor Corporation is an American producer of steel and related products. It is the largest steel producer in the United States, the largest “mini-mill” steelmaker, and the biggest recycler of scrap in North America. Despite losses on Thursday, Nucor outperformed compared to some of its competitors.
Our system made two calls for sell for KSS in the right direction which were also withdrawn. The stock opened with a gap and hit our TP before it inched upwards throughout the market.
Kohl’s Corporation operates as a retail company in the United States. It offers branded apparel, footwear, accessories, beauty, and home products through its stores and website. News sites have reported that Kohl’s is terminating talks to sell its business to The Vitamin Shoppe owner Franchise, even though a decision from Kohl’s has not been publicly announced.
Stay tuned for more of our stock picks.
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