Risk Off - Daily Buy/Sell Signals Email - 2/21/23
U.S. equities ended the day and week mixed following economic reports pointing to higher inflation. Hawkish comments from Fed officials added to concerns that aggressive monetary policy will continue.
On December 28, 2022, “Risk Off” issued a 100% Buy signal on ROKU. The stock closed on December 27 at $39.23.
Bank of America just issued a buy signal on February 17, 2023.
BofA Securities’ Rupla Bhattacharya bumped his rating on ROKU up two notches Friday, to buy from underperform, writing of the “fundamentals bottoming out” for the streaming company, which reported strong fourth quarter earnings earlier this week. Stock closed Friday the 17th at $71.56. ROKU increased 82.4% from when DynaLogic issues a buy signal at $39.23 on Dec 27th to Friday’s close of $71.56. BofA is a little “late to the game”. He has a price target of $85; that’s an 18.8% increase from Friday’s close.
Since the Buy signal of 100% for ROKU on December 28, there have been 7 sell signals with an 8th being posted for the 2/21/23 “Risk Off” post. “Buy when people are selling and Sell when people are buying”.
Our mathematical algorithm can highlight opportunities before analysts and other financial publications, then guide you through systematically selling off off some of the gains. You would have already locked in solid gains if you followed our buy signal, while still holding ROKU in case it seems further upside from here (as BofA’s buy signal suggests)
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