Hi everyone.
On 5/5/2023, our system had provided a few stock picks and the results are as below:
SNOW – (Buy) – Profit
CF – (Sell) – Profit
The Dow closed 540 points higher on Friday, while the S&P 500 and Nasdaq 100 were up 1.8% and 2.2%, respectively, boosted by a sharp rebound in regional banks and solid jobs report that tempered fears of a recession. PacWest and Western Alliance rebounded sharply by 81.7% and 49.3%, leading regional banks’ gains after JPMorgan upgraded Western Alliance, Zions Bancorp and Comerica in a note and stated the three banks appear “substantially mispriced” in part due to short-selling activity.
Let’s review our stock picks on Friday.
A call for buy for SNOW which resulted in a profit. Our system entered the market at $156.00 and the price hit our adjusted SL at $157.40.
Snowflake Inc. provides a cloud-based data platform for various organizations in the United States and internationally. Its platform offers Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data and data products.
A call for sell for CF which resulted in a profit. Our system entered the market at $69.97 and the price hit our adjusted TP at $68.70.
CF Industries Holdings, Inc. manufactures and sells hydrogen and nitrogen products for energy, fertilizer, emissions abatement, and other industrial activities worldwide. Its principal products include anhydrous ammonia, granular urea, urea ammonium nitrate, and ammonium nitrate products.
Stay tuned for more of our stock picks.
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