Hi everyone.
On 05/08/2022, our system had provided a few picks and the results are as below:
QCOM – (Buy) Loss
CE – (Sell) Profit
The market hit the greens on Friday after the US jobs report showed larger-than-expected payroll gains and wage growth, which will keep the Fed aggressively tightening monetary policy. The Dow rose more than 70 points on Friday, while the S&P 500 and Nasdaq dropped 0.2% and 0.5%, respectively.
Let’s review our stock picks on Friday.
Call for buy for QCOM which resulted in a loss. The stock hit our EP at $149.91 and traded downwards. It hit our stop loss at $147.71 before it rose up again.
QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It recently reported solid Q3 earnings; despite its forecasted low revenue citing softening demand for smartphones.
Call for sell for CE which resulted in a profit. Our system gave a call to enter at $110.67 and take profit at $110.09, which is a trailing stop loss. If you followed this stock, you would gain a profit of 1%. And if you didn’t take profit, you would still be in the market.
Celanese Corporation, a technology and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. The company recently had its target price lowered by investment analysts at Barclays from $190.00 to $165.00 in a research note issued to investors. The company also updated its third quarter 2022 earnings guidance last Thursday. The company provided earnings per share guidance of $4.00-$4.50 for the period, compared to the consensus earnings per share estimate of $3.95.
Stay tuned for more of our stock picks.
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