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Week of Sun September 25, 2022 |
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This Week at SparkTrade:
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YTD, the Dow is now down over -19%, the S&P 500 has lost just over -23%, and the Nasdaq has tumbled almost -31%. SparkTrade.io “Trade With Us” signals is only down -2.7%, meaning that SparkTrade’s Long/Short portfolio (or “Trade With Us” signals) is beating the S&P by ~20%. |
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Wall Street is still digesting the full impact of global central bank tightening as inflation soars. |
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This week, global central banks raised benchmark rates by +425 bps. The US Fed is the most aggressive in the West, boosting the dollar and bond yields. The US dollar is at record highs versus a basket of global currencies, forcing Japan’s central bank to prop up the yen for the first time since 1998. |
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Next week brings a lot of key economic data, including Durable Goods Orders, the FHFA Housing Price Index, the S&P Case-Shiller Home Price Index, New Home Sales, and Consumer Confidence on Tuesday; Pending Home Sales and advance reads on Retail Sales, International Trade, and Wholesale Inventories on Wednesday; and the final estimate of Q2 GDP on Thursday; and the PCE Prices Index, Chicago PMI, and Consumer Sentiment on Friday. |
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On Sept 18, SCS (Steelcase Inc.) was trading at $9.45. SparkTrade.io’s SHORT PREDICTION INDEX for SCS was 97. By September 23 SCS’s price fell to $7.33, creating a 22.43% profit for short sellers. |
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On Sept 20, TSLA (Tesla Inc.) was trading at $308.73. SparkTrade.io’s LONG PREDICTION INDEX for TSLA was 0 and the SHORT PREDICTION INDEX was 76. By Sept 23 TSLA’s price fell to $275.33 creating a profit of 10.82% for short sellers. |
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On Sept 8, AAPL (Apple Inc.) was trading at 154.46. SparkTrade.io’s LONG PREDICTION INDEX for AAPL was 93. By August 13 AAPL’s price increased to 163.43 creating a 5.81% profit for long buyers. |
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On Sept 14, GIS (General Mills Inc.) was trading at 74.42. SparkTrade.io’s LONG PREDICTION INDEX for GIS was 95. By Sept 22 GIS’s price increased to 80.78 creating a 8.55% profit for the long buyers. |
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This Sunday’s Top 20 Predictions:
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| Long Predictions This Week |
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CACC – CREDIT ACCEPTANCE CORP (Score = 100) |
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EXTR – EXTREME NETWORKS INC (Score = 98) |
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DFIN – DONNELLEY FINANCIAL SOLUTIONS INC (Score = 98) |
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CRTO – CRITEO SA (Score = 97) |
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BANF – BANCFIRST CORP (Score = 95) |
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PAG – PENSKE AUTOMOTIVE GROUP INC (Score = 94) |
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AN – AUTONATION INC (Score = 93) |
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HCKT – HACKETT GROUP INC (Score = 93) |
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DOX – AMDOCS LTD (Score = 93) |
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RTX – RAYTHEON TECHNOLOGIES CORP (Score = 92) |
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TTMI – TTM TECHNOLOGIES INC (Score = 92) |
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DKS – DICK’S SPORTING GOODS INC (Score = 91) |
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BKE – BUCKLE INC (Score = 91) |
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COKE – COCA-COLA CONSOLIDATED INC (Score = 91) |
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EDU – NEW ORIENTAL EDUCATION & TECHNOLOGY GROUP INC (Score = 91) |
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GEO – GEO GROUP INC (Score = 91) |
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AMKR – AMKOR TECHNOLOGY INC (Score = 90) |
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CORT – CORCEPT THERAPEUTICS INC (Score = 90) |
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AVD – AMERICAN VANGUARD CORP (Score = 90) |
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ECPG – ENCORE CAPITAL GROUP INC (Score = 90) |
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| Short Predictions This Week |
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AORT – ARTIVION INC (Score = 100) |
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FDX – FEDEX CORP (Score = 100) |
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TWO – TWO HARBORS INVESTMENT CORP (Score = 94) |
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DX – DYNEX CAPITAL INC (Score = 91) |
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SAVA – CASSAVA SCIENCES INC (Score = 90) |
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SCS – STEELCASE INC (Score = 88) |
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DAN – DANA INC (Score = 87) |
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WRK – WESTROCK CO (Score = 87) |
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STOR – STORE CAPITAL CORP (Score = 87) |
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NLY – ANNALY CAPITAL MANAGEMENT INC (Score = 85) |
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ARNC – ARCONIC CORP (Score = 84) |
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JAZZ – JAZZ PHARMACEUTICALS PLC (Score = 84) |
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WEX – WEX INC (Score = 83) |
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MRC – MRC GLOBAL INC (Score = 81) |
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BCSF – BAIN CAPITAL SPECIALTY FINANCE INC (Score = 81) |
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RIOT – RIOT BLOCKCHAIN INC (Score = 81) |
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WOW – WIDEOPENWEST INC (Score = 81) |
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UGI – UGI CORP (Score = 81) |
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HT – HERSHA HOSPITALITY TRUST (Score = 80) |
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PFLT – PENNANTPARK FLOATING RATE CAPITAL LTD (Score = 80) |
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Last Sunday’s Top 20 Predictions:
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| Long Predictions Last Week |
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SCI – SERVICE CORP INTERNATIONAL (Score = 100) |
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EXTR – EXTREME NETWORKS INC (Score = 99) |
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IMKTA – INGLES MARKETS INC (Score = 96) |
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HCKT – HACKETT GROUP INC (Score = 96) |
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CORT – CORCEPT THERAPEUTICS INC (Score = 94) |
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CLW – CLEARWATER PAPER CORP (Score = 94) |
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KNX – KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC (Score = 93) |
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EBF – ENNIS INC (Score = 93) |
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WMK – WEIS MARKETS INC (Score = 93) |
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ACA – ARCOSA INC (Score = 92) |
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PAYX – PAYCHEX INC (Score = 92) |
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BANF – BANCFIRST CORP (Score = 92) |
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CL – COLGATE PALMOLIVE CO (Score = 92) |
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G – GENPACT LTD (Score = 92) |
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HBNC – HORIZON BANCORP INC (Score = 92) |
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OBNK – ORIGIN BANCORP INC (Score = 92) |
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ADP – AUTOMATIC DATA PROCESSING INC (Score = 91) |
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TRV – TRAVELERS COMPANIES INC (Score = 91) |
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LECO – LINCOLN ELECTRIC HOLDINGS INC (Score = 91) |
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EXPO – EXPONENT INC (Score = 91) |
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| Short Predictions Last Week |
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FDX – FEDEX CORP (Score = 100) |
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ARNC – ARCONIC CORP (Score = 90) |
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ADBE – ADOBE INC (Score = 90) |
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SCS – STEELCASE INC (Score = 88) |
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RCL – ROYAL CARIBBEAN CRUISES LTD (Score = 87) |
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WRK – WESTROCK CO (Score = 86) |
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STOR – STORE CAPITAL CORP (Score = 85) |
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MCRB – SERES THERAPEUTICS INC (Score = 85) |
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EPM – EVOLUTION PETROLEUM CORP (Score = 85) |
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NCLH – NORWEGIAN CRUISE LINE HOLDINGS LTD (Score = 83) |
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IP – INTERNATIONAL PAPER CO (Score = 83) |
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WOLF – WOLFSPEED INC (Score = 83) |
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REGN – REGENERON PHARMACEUTICALS INC (Score = 82) |
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ACAD – ACADIA PHARMACEUTICALS INC (Score = 81) |
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LIND – LINDBLAD EXPEDITIONS HOLDINGS INC (Score = 81) |
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ECOM – CHANNELADVISOR CORP (Score = 81) |
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SIBN – SI-BONE INC (Score = 80) |
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NCR – NCR CORP (Score = 80) |
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PEN – PENUMBRA INC (Score = 80) |
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ISEE – IVERIC BIO INC (Score = 79) |
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Index Returns:
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Price |
+/- This Week Perf |
YTD Perf |
DJIA
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$29590.41 |
-3.18% |
-19.12% |
S&P 500
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$3693.23 |
-3.82% |
-23.00% |
Nasdaq
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$10867.93 |
-4.59% |
-31.36% |
Gold
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$1643.26 |
-1.90% |
-8.75% |
Crude Oil
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$78.74 |
-7.48% |
3.81% |
Bitcoin
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$18896.37 |
-2.42% |
-60.06% |
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Sector Returns:
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Follow Us @SparkTradeio
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@SPARKTRADEio |
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| LONG: The top three companies in Technology most likely to appreciate in price over the next 90 days, according to our Prediction Index:
$EXTR -> Prediction Index score of 98
$HCKT -> Prediction Index score of 93
$DOX -> Prediction Index score of 93
#stockanalysis |
| Read More |
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@SPARKTRADEio |
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| LONG: The top three companies in Energy most likely to appreciate in price over the next 90 days, according to our Prediction Index:
$MPC -> Prediction Index score of 81
$SD -> Prediction Index score of 81
$SUN -> Prediction Index score of 78
#investmentresearch |
| Read More |
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@SPARKTRADEio |
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| SparkTradeio has identified the following long opportunities under $10.00:
$GEO, a Real Estate company, at $7.61 -> a score of 91
$EZPW, a Financial Services company, at $8.06 -> a score of 88
$CECE, a Industrials company, at $9.09 -> a score of 86
#markets |
| Read More |
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@SPARKTRADEio |
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| LONG: The top three companies in Healthcare most likely to appreciate in price over the next 90 days, according to our Prediction Index:
$CORT -> Prediction Index score of 90
$NVO -> Prediction Index score of 88
$SUPN -> Prediction Index score of 86
#stockanalysis |
| Read More |
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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. |
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