Stock Picks for the week (Sept 23-27, 2024) by First Metro Securities
Our stock picks for the week
Technicals Talk: Megaworld Corp (MEG) – 23 Sep 2024 by Regina Capital Development Corp.
MEG surged above all moving averages last Friday, managing to reach 2.08 intraday and slowly approaching its 52wH of 2.10.
PSE Market Outlook (23 Sep 2024) by 2TradeAsia
The local central bankās 250bps cut in banksā reserve requirement was more than our estimated 100bps, underscoring their goal of pump-priming the economy.
PSE Market Outlook (23 Sep 2024) by First Metro Securities
The PSEi surged 3.27% w/w to close at 7,252.32 (+229.47pts).
Technicals Talk: Puregold Price Club, Inc. (PGOLD) – 20 Sep 2024 by Regina Capital Development Corp.
PGOLD is heading for another upturn!
Technicals Talk: Ayala Land, Inc. (ALI) – 20 Sep 2024 by Regina Capital Development Corp.
ALI has closed with green candles for the 3rd consecutive day this week, reaching 36.10 intraday and moving beyond its 50-MA.
Technicals Talk: International Container Terminal Services, Inc. (ICT) – 20 Sep 2024 by Regina Capital Development Corp.
ICT closed with a red candle above its 50-MA, but lower than its 9-MA.
Technicals Talk: SM Prime Holdings, Inc. (SMPH) – 20 Sep 2024 by Regina Capital Development Corp.
As of the moment, SMPH is currently pursuing an upward climb, rallying above its 50-MA and reaching 33.15 intraday.
PSE Market Outlook (20 Sep 2024) by Regina Capital Development Corp.
The PSEI closed at the 7,200 level for the first time this week, and currently maintaining a steady upward climb.
PSE Market Outlook (20 Sep 2024) by 2TradeAsia
The market might take its cue from Wall Streetās incline (DJIA +1.26%, Nasdaq Comp. +2.51%) as expectations build for a new cycle of monetary policy easing with the Fedās rate cut move.
Commentary: U.S. Fed kicks off easing cycle with 50 bps supercut
Hereās a commentary on an important issue or event affecting the stock market
Trade the News: Car sales zoom 6.6% in August
Take advantage of the price opportunity that might arise when the news hits. Trade the news!
Trade the News: PCOR raises P16.8 Billion from sale of preferred shares
Take advantage of the price opportunity that might arise when the news hits. Trade the news!
Trade the News: MER’s Movem Electric partners with Uratex for EV adoption
Take advantage of the price opportunity that might arise when the news hits. Trade the news!
Stock in Focus: Citicore Renewable Energy Corp. (CREC) – 19 Sept 2024 by AP Securities
Our Target Price and recommendation for this stock is
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