 |
Week of Sun October 2, 2022 |
|
This Week at SparkTrade:
|
 |
Most investors note that the outlook for future earnings has been fading, making it difficult for investors to justify pushing prices higher at this time. At SparkTrade, we believe that it is important to have a long and short portfolio to take advantage of volatility in the market. |
|
Next week will be highlighted by the release of the September Employment Situation report on Friday. ISM Manufacturing and Construction Spending will be released on Monday; Factory Orders and the Job Openings and Labor Turnover Survey (JOLTS) will be released on Tuesday; ADP’s private payroll report, the US Trade Balance, and ISM Non-Manufacturing will be released on Wednesday; and Wholesale Inventories and Consumer Credit will be released on Friday. |
|
On September 12, DXCM (DexCom Inc.) was trading at $94.18. SparkTrade.io’s SHORT PREDICTION INDEX for DXCM was 89. By September 27, DXCM’s price fell to $79.64 creating a 15.44% profit for short sellers. |
|
On September 12, ZS (Zscaler Inc.) was trading at $193.00. SparkTrade.io’s SHORT PREDICTION INDEX for ZS was 100. By September 23, ZS’s price fell to $158.69 creating a 17.78% profit for short sellers. |
|
On September 15, RCL (Royal Caribbean Cruises Ltd.) was trading at $50.83. SparkTrade.io’s SHORT PREDICTION INDEX for RCL was 96. By September 29, RCL’s price fell to $43.64 creating a 14% profit for short sellers. |
|
On September 26, SFM (Sprouts Farmers Market, Inc.) was trading $27.11. SparkTrade.io’s LONG PREDICTION INDEX for SFM was 92. By September 28, SFM’s price increased to $28.58 creating a 5.42% profit for long buyers. |
|
On September 26, AN (AutoNation, Inc.) was trading at 105.36. SparkTrade.io’s LONG PREDICTION INDEX for AN was 93. By September 28, AN’s price increased to $112.43 creating a 6.71% profit for long buyers. |
|
This Sunday’s Top 20 Predictions:
|
| Long Predictions This Week |
 |
IMKTA – INGLES MARKETS INC (Score = 100) |
 |
WMK – WEIS MARKETS INC (Score = 98) |
 |
BKE – BUCKLE INC (Score = 98) |
 |
MMC – MARSH & MCLENNAN COMPANIES INC (Score = 97) |
 |
CACC – CREDIT ACCEPTANCE CORP (Score = 96) |
 |
HCKT – HACKETT GROUP INC (Score = 96) |
 |
SEE – SEALED AIR CORP (Score = 95) |
 |
BANF – BANCFIRST CORP (Score = 95) |
 |
JKHY – HENRY JACK & ASSOCIATES INC (Score = 94) |
 |
RBA – RITCHIE BROS AUCTIONEERS INC (Score = 94) |
 |
NSP – INSPERITY INC (Score = 94) |
 |
GPC – GENUINE PARTS CO (Score = 93) |
 |
KO – COCA COLA CO (Score = 93) |
 |
PAYX – PAYCHEX INC (Score = 93) |
 |
THFF – FIRST FINANCIAL CORP (Score = 93) |
 |
GWW – WW GRAINGER INC (Score = 93) |
 |
ADP – AUTOMATIC DATA PROCESSING INC (Score = 93) |
 |
NLOK – NORTONLIFELOCK INC (Score = 93) |
 |
COKE – COCA-COLA CONSOLIDATED INC (Score = 92) |
 |
CLW – CLEARWATER PAPER CORP (Score = 92) |
|
| Short Predictions This Week |
|
KMX – CARMAX INC (Score = 100) |
|
WOR – WORTHINGTON INDUSTRIES INC (Score = 96) |
|
WK – WORKIVA INC (Score = 93) |
|
RCII – RENT A CENTER INC DE (Score = 92) |
|
PMT – PENNYMAC MORTGAGE INVESTMENT TRUST (Score = 91) |
|
PFS – PROVIDENT FINANCIAL SERVICES INC (Score = 88) |
|
LEVI – LEVI STRAUSS & CO (Score = 88) |
|
HY – HYSTER-YALE MATERIALS HANDLING INC (Score = 87) |
|
LADR – LADDER CAPITAL CORP (Score = 87) |
|
STWD – STARWOOD PROPERTY TRUST INC (Score = 85) |
|
BIIB – BIOGEN INC (Score = 85) |
|
NKE – NIKE INC (Score = 85) |
|
AORT – ARTIVION INC (Score = 85) |
|
CLX – CLOROX CO (Score = 84) |
|
CDMO – AVID BIOSERVICES INC (Score = 84) |
|
MODN – MODEL N INC (Score = 83) |
|
AGYS – AGILYSYS INC (Score = 83) |
|
ARI – APOLLO COMMERCIAL REAL ESTATE FINANCE INC (Score = 83) |
|
AGNC – AGNC INVESTMENT CORP (Score = 83) |
|
NLY – ANNALY CAPITAL MANAGEMENT INC (Score = 83) |
|
|
Last Sunday’s Top 20 Predictions:
|
| Long Predictions Last Week |
|
IMKTA – INGLES MARKETS INC (Score = 100) |
|
WMK – WEIS MARKETS INC (Score = 98) |
|
BKE – BUCKLE INC (Score = 98) |
|
MMC – MARSH & MCLENNAN COMPANIES INC (Score = 97) |
|
CACC – CREDIT ACCEPTANCE CORP (Score = 96) |
|
HCKT – HACKETT GROUP INC (Score = 96) |
|
SEE – SEALED AIR CORP (Score = 95) |
|
BANF – BANCFIRST CORP (Score = 95) |
|
JKHY – HENRY JACK & ASSOCIATES INC (Score = 94) |
|
RBA – RITCHIE BROS AUCTIONEERS INC (Score = 94) |
|
NSP – INSPERITY INC (Score = 94) |
|
GPC – GENUINE PARTS CO (Score = 93) |
|
KO – COCA COLA CO (Score = 93) |
|
PAYX – PAYCHEX INC (Score = 93) |
|
THFF – FIRST FINANCIAL CORP (Score = 93) |
|
GWW – WW GRAINGER INC (Score = 93) |
|
ADP – AUTOMATIC DATA PROCESSING INC (Score = 93) |
|
NLOK – NORTONLIFELOCK INC (Score = 93) |
|
COKE – COCA-COLA CONSOLIDATED INC (Score = 92) |
|
CLW – CLEARWATER PAPER CORP (Score = 92) |
|
| Short Predictions Last Week |
|
KMX – CARMAX INC (Score = 100) |
|
WOR – WORTHINGTON INDUSTRIES INC (Score = 96) |
|
WK – WORKIVA INC (Score = 93) |
|
RCII – RENT A CENTER INC DE (Score = 92) |
|
PMT – PENNYMAC MORTGAGE INVESTMENT TRUST (Score = 91) |
|
PFS – PROVIDENT FINANCIAL SERVICES INC (Score = 88) |
|
LEVI – LEVI STRAUSS & CO (Score = 88) |
|
HY – HYSTER-YALE MATERIALS HANDLING INC (Score = 87) |
|
LADR – LADDER CAPITAL CORP (Score = 87) |
|
STWD – STARWOOD PROPERTY TRUST INC (Score = 85) |
|
BIIB – BIOGEN INC (Score = 85) |
|
NKE – NIKE INC (Score = 85) |
|
AORT – ARTIVION INC (Score = 85) |
|
CLX – CLOROX CO (Score = 84) |
|
CDMO – AVID BIOSERVICES INC (Score = 84) |
|
MODN – MODEL N INC (Score = 83) |
|
AGYS – AGILYSYS INC (Score = 83) |
|
ARI – APOLLO COMMERCIAL REAL ESTATE FINANCE INC (Score = 83) |
|
AGNC – AGNC INVESTMENT CORP (Score = 83) |
|
NLY – ANNALY CAPITAL MANAGEMENT INC (Score = 83) |
|
|
Index Returns:
|
|
Price |
+/- This Week Perf |
YTD Perf |
DJIA
|
$28725.51 |
-2.47% |
-21.48% |
S&P 500
|
$3585.62 |
-2.53% |
-25.25% |
Nasdaq
|
$10575.62 |
-3.18% |
-33.20% |
Gold
|
$1660.52 |
1.05% |
-7.79% |
Crude Oil
|
$79.70 |
1.22% |
5.08% |
Bitcoin
|
$19195.48 |
-4.58% |
-59.42% |
|
Sector Returns:
|
|
|
 |
Follow Us @SparkTradeio
|
 |
@SPARKTRADEio |
 |
| LONG: The top three companies in Technology most likely to appreciate in price over the next 90 days, according to our Prediction Index:
$HCKT -> Prediction Index score of 96
$JKHY -> Prediction Index score of 94
$NLOK -> Prediction Index score of 93
#markets |
| Read More |
|
|
@SPARKTRADEio |
|
| LONG: The top three companies in Energy most likely to appreciate in price over the next 90 days, according to our Prediction Index:
$VVV -> Prediction Index score of 81
$NFG -> Prediction Index score of 75
$DHT -> Prediction Index score of 70
#markets |
| Read More |
|
|
@SPARKTRADEio |
|
| SparkTradeio has identified the following long opportunities under $10.00:
$CECE, a Industrials company, at $8.85 -> a score of 91
$EZPW, a Financial Services company, at $7.71 -> a score of 87
$CLS, a Technology company, at $8.41 -> a score of 86
#trading |
| Read More |
|
|
@SPARKTRADEio |
|
| LONG: The top three companies in Healthcare most likely to appreciate in price over the next 90 days, according to our Prediction Index:
$MCK -> Prediction Index score of 90
$UNH -> Prediction Index score of 89
$CVS -> Prediction Index score of 89
#markettrends |
| Read More |
|
|
|
SparkTrade.io brings the power of Machine Learning and AI to your portfolio. We’ve made it easy to incorporate the most advanced data science into your portfolio management and trading strategy. |
| Go to SparkTrade.io |
|
