Stocks to Watch for 24 May 23 From A.I. model
Today(23 May 2023) the premarket indexes futures edge lower as investors are waiting for debt ceiling talks to resume on Wednesday.
I would expect the market to open lower.
Today, I think today my trading strategy would be into Chinese ADRs and earnings report.
Result from 23 May 2023.
HeartCore Enterprises (HTCR) did exceptionally well and same to PacWest (PACW).
Today, we have hear that “PacWest Bancorp struck a deal to sell a real-estate lending arm, the latest move to shore up confidence in the struggling bank.”
Here is the predicted result for today (24 May 23)
We have 1 regional bank stock $PacWest(PACW)$ , which has been running quite well over the last few trading days. I would expect it to have a good run tonight as well as they have struck a deal to sell a real-estate lending arm, the latest move to shore up confidence in the struggling bank.
$PacWest(PACW)$ surge after deal to sell real-estate lending arm to shore up confidence in this struggling bank.
Target Entry Price would be around $7.50-$7.80
If go below $7.50 I will check Bear strength
If go above $7.90 and maintain, PACW could be headed above $9.
Another stock I would look at is a Chinese ADRs, $Elite Education Group International Ltd(EEIQ)$ , a provider of comprehensive education solutions for domestic and international students seeking college and university degrees in the US, Canada and the UK, today announced that Davis College signed a non-binding Memorandum of Understanding (the "MOU") with Chongqing College of Electronic Engineering ("CQCEE"), located in Chongqing City, China. The term of the nonbinding MOU is for a period of five years and can be renewed thereafter.
Target Entry Price would be around $2.80-$2.90
If go below $2.80 I will check Bear strength
If go above $3.10 and maintain, EEIQ could be headed above $5.
Sentiment Analysis of predicted result
Most of the sentiments for these 5 stocks are positive (above 0). This might explain why there is a nice surge in premarket for these 5 stocks.
Summary
Do take cautious in trading stocks that has risen on news, this might be a short term surge.
I will monitor closely how it will be trading 1-2 hours in premarket before actual trading starts at 9.30am(EST).
Appreciate if you could share your thoughts in the comment section how would you be trading today?
Do like, share and comment on this article if you find this trading thought useful.
@TigerStars appreciate if you could feature this article so that fellow tiger would benefit from my investing and trading thoughts.
Disclaimer: The analysis and result presented does not recommend or suggest any investing in the said stock. This is purely for Analysis.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
What's the best way to track market trends and make informed decisions?
Will Russ 2000 continue to rise?
Great ariticle, would you like to share it?
How can I make consistent profits in the stock market?
ow do I know if the stock I'm buying is a good investment?
It will be a nice green day tomorrow.