Our Top Stock Picks for FY23 Q4.

WALLMART
Fundamental points:
  • Walmart is one of the largest retailers in the world, with a strong brand presence and a loyal customer base.
  • The company has a diversified business model, with operations in multiple countries and segments, including grocery, apparel, and home goods.
  • Walmart has a strong track record of profitability and growth.
  • The company is well-positioned to benefit from long-term trends such as the growth of e-commerce and the aging population.
Technical Points:
  • The stock price is currently trading above its 50-day and 200-day moving averages, which is a bullish signal.
  • The price has formed a bullish cup-and-handle pattern, which is a continuation pattern that suggests further upside potential.
  • The relative strength index (RSI) is above 50, which indicates that the stock is not overbought.
The price is a good entry point because it is above the 50-day and 200-day moving averages, and it is near the breakout point of the cup-and-handle pattern.
Overall, I believe that Walmart is a good stock to buy at the current price. The company has strong fundamentals and a bullish technical outlook.
Please note that this is just my opinion and is not financial advice.
APPLE
Fundamental points:
  • Apple is one of the most valuable companies in the world, with a strong brand presence and a loyal customer base.
  • The company has a diversified product portfolio, including smartphones, tablets, computers, and wearable devices.
  • Apple has a strong track record of innovation and profitability.
  • The company is well-positioned to benefit from long-term trends such as the growth of 5G and the metaverse.
Technical points:
  • The stock price is currently trading above its 50-day and 200-day moving averages, which is a bullish signal.
  • The price has formed a bullish inverted head-and-shoulders pattern, which is a reversal pattern that suggests further upside potential.
  • The relative strength index (RSI) is above 50, which indicates that the stock is not overbought
The buy price is a good entry point because it is above the 50-day and 200-day moving averages, and it is near the breakout point of the inverted head-and-shoulders pattern.
Overall, I believe that Apple is a good stock to buy at the current price. The company has strong fundamentals and a bullish technical outlook.
UNITED HEALTH GROUP
Fundamental points:
  • UnitedHealth Group is the largest health insurance company in the United States, with a strong market position and a diversified business model.
  • The company is well-positioned to benefit from long-term trends such as the aging population and the increasing demand for healthcare services.
  • UnitedHealth Group has a strong track record of profitability and growth.
Technical points:
  • The stock price is currently trading above its 50-day and 200-day moving averages, which is a bullish signal.
  • The price has formed a bullish triangle pattern, which is a continuation pattern that suggests further upside potential.
  • The relative strength index (RSI) is above 50, which indicates that the stock is not overbought
The buy price is a good entry point because it is above the 50-day and 200-day moving averages, and it is near the breakout point of the triangle pattern.
Overall, I believe that UnitedHealth Group is a good stock to buy at the current price. The company has strong fundamentals and a bullish technical outlook.
Additional technical points:
  • The stock price has also been making higher highs and higher lows, which is another bullish signal.
  • The MACD indicator is above zero and its signal line, which is also a bullish signal.
  • The Chaikin Money Flow indicator is also above zero, which suggests that buyers are in control of the stock.
  • Overall, the technical analysis suggests that the UnitedHealth Group stock is in a bullish trend and has the potential to continue higher in the near term.
Please note that this is just my opinion and is not financial advice.
ACCENTURE
Fundamental points:
  • Accenture is a leading global professional services company that provides a broad range of services and solutions in strategy, consulting, digital, technology, and operations.
  • The company has a strong track record of growth and profitability, and is well-positioned to benefit from long-term trends such as the digital transformation of businesses and the increasing demand for cloud computing services.
  • Accenture has a diversified client base and operates in over 200 cities in 120 countries.
Technical points:
  • The stock price is currently trading above its 50-day and 200-day moving averages, which is a bullish signal.
  • The price has formed a bullish cup-and-handle pattern, which is a continuation pattern that suggests further upside potential.
  • The relative strength index (RSI) is above 50, which indicates that the stock is not overbought.
The buy price is a good entry point because it is above the 50-day and 200-day moving averages, and it is near the breakout point of the cup-and-handle pattern.
Overall, I believe that Accenture is a good stock to buy at the current price. The company has strong fundamentals and a bullish technical outlook.
Additional technical points:
  • The stock price has also been making higher highs and higher lows, which is another bullish signal.
  • The MACD indicator is above zero and its signal line, which is also a bullish signal.
  • The Chaikin Money Flow indicator is also above zero, which suggests that buyers are in control of the stock.
  • Overall, the technical analysis suggests that the Accenture stock is in a bullish trend and has the potential to continue higher in the near term.
Please note that this is just my opinion and is not financial advice.
INFOSYS
Fundamental points:
  • Infosys is a leading global IT company that provides a broad range of services and solutions in consulting, digital, technology, and operations.
  • The company has a strong track record of growth and profitability, and is well-positioned to benefit from long-term trends such as the digital transformation of businesses and the increasing demand for cloud computing services.
  • Infosys has a diversified client base and operates in over 50 countries.
Technical points:
  • The stock price is currently trading above its 50-day and 200-day moving averages, which is a bullish signal.
  • The price has formed a bullish inverted head-and-shoulders pattern, which is a reversal pattern that suggests further upside potential.
  • The relative strength index (RSI) is above 50, which indicates that the stock is not overbought.
The buy price is a good entry point because it is above the 50-day and 200-day moving averages, and it is near the breakout point of the inverted head-and-shoulders pattern.
Overall, I believe that Infosys is a good stock to buy at the current price. The company has strong fundamentals and a bullish technical outlook.
Additional technical points:
  • The stock price has also been making higher highs and higher lows, which is another bullish signal.
  • The MACD indicator is above zero and its signal line, which is also a bullish signal.
  • The Chaikin Money Flow indicator is also above zero, which suggests that buyers are in control of the stock.
Overall, the technical analysis suggests that the Infosys stock is in a bullish trend and has the potential to continue higher in the near term.
Please note that this is just my opinion and is not financial advice.
MICROSOFT
Fundamental points
  • Microsoft is a leading global technology company that provides a broad range of products and services, including software, hardware, and cloud computing.
  • The company has a strong track record of innovation and profitability, and is well-positioned to benefit from long-term trends such as the digital transformation of businesses and the increasing demand for cloud computing services.
  • Microsoft has a diversified business model and a global presence, which makes it less susceptible to economic downturns.
Technical points
  • The stock price is currently trading above its 50-day and 200-day moving averages, which is a bullish signal.
  • The price has formed a bullish cup-and-handle pattern, which is a continuation pattern that suggests further upside potential.
  • The relative strength index (RSI) is above 50, which indicates that the stock is not overbought.
The buy price is a good entry point because it is above the 50-day and 200-day moving averages, and it is near the breakout point of the cup-and-handle pattern.
Additional technical points:
  • The stock price has also been making higher highs and higher lows, which is another bullish signal.
  • The MACD indicator is above zero and its signal line, which is also a bullish signal.
  • The Chaikin Money Flow indicator is also above zero, which suggests that buyers are in control of the stock.
  • Overall, the technical analysis suggests that the Microsoft stock is in a bullish trend and has the potential to continue higher in the near term.

ALPHABET

 

Fundamental points :
  • Alphabet is one of the most valuable companies in the world, with a strong brand presence and a loyal customer base.
  • The company has a diversified product portfolio, including search, advertising, cloud computing, and hardware.
  • Alphabet has a strong track record of innovation and profitability.
  • The company is well-positioned to benefit from long-term trends such as the growth of the digital economy and artificial intelligence.
Technical points:
  • The stock price is currently trading above its 50-day and 200-day moving averages, which is a bullish signal.
  • The price has formed a bullish cup-and-handle pattern, which is a continuation pattern that suggests further upside potential.
  • The relative strength index (RSI) is above 50, which indicates that the stock is not overbought.
Overall, I believe that Alphabet is a good stock to buy at your current buy price. The company has strong fundamentals and a bullish technical outlook.
Additional technical points:
  • The stock price has also been making higher highs and higher lows, which is another bullish signal.
  • The MACD indicator is above zero and its signal line, which is also a bullish signal.
  • The Chaikin Money Flow indicator is also above zero, which suggests that buyers are in control of the stock.
Overall, the technical analysis suggests that the Alphabet stock is in a bullish trend and has the potential to continue higher in the near term.
Please note that this is just my opinion and is not financial advice.
Goldman Sachs
Fundamental points:
  • Goldman Sachs is a leading global investment bank and financial services company with a strong track record of profitability and growth.
  • The company is well-positioned to benefit from long-term trends such as the increasing demand for financial services in emerging markets and the growing importance of digital finance.
  • Goldman Sachs has a diversified business model and a global presence, which makes it less susceptible to economic downturns.
Technical points :
  • The stock price is currently trading above its 50-day and 200-day moving averages, which is a bullish signal.
  • The price has formed a bullish ascending triangle pattern, which is a continuation pattern that suggests further upside potential.
  • The relative strength index (RSI) is above 50, which indicates that the stock is not overbought.
Overall, I believe that Goldman Sachs is a good stock to buy at your current buy price. The company has strong fundamentals and a bullish technical outlook.
Additional technical points:
  • The stock price has also been making higher highs and higher lows, which is another bullish signal.
  • The MACD indicator is above zero and its signal line, which is also a bullish signal.
  • The Chaikin Money Flow indicator is also above zero, which suggests that buyers are in control of the stock.
Overall, the technical analysis suggests that the Goldman Sachs stock is in a bullish trend and has the potential to continue higher in the near term.
Specifically for the chart you provided, I would note that the stock price has been consolidating above its 200-day moving average for the past few weeks. This suggests that buyers are accumulating the stock and that a breakout to the upside could be imminent.
Overall, I believe BUYING price is a good one, given the fundamental and technical outlook of the stock.
Please note that this is just my opinion and is not financial advice.
TESLA
Fundamental points:
  • Tesla is a leading electric vehicle (EV) manufacturer with a strong brand presence and a loyal customer base.
  • The company is well-positioned to benefit from long-term trends such as the shift to EVs and the growing demand for sustainable transportation.
  • Tesla has a strong track record of innovation and growth.
Technical points :
  • The stock price is currently trading above its 50-day and 200-day moving averages, which is a bullish signal.
  • The price has formed a bullish cup-and-handle pattern, which is a continuation pattern that suggests further upside potential.
  • The relative strength index (RSI) is above 50, which indicates that the stock is not overbought.
Additional technical points:
  • The stock price has also been making higher highs and higher lows, which is another bullish signal.
  • The MACD indicator is above zero and its signal line, which is also a bullish signal.
  • The Chaikin Money Flow indicator is also above zero, which suggests that buyers are in control of the stock.
Overall, the technical analysis suggests that the Tesla stock is in a bullish trend and has the potential to continue higher in the near term.
Specifically  I would note that the stock price has been consolidating above its 200-day moving average for the past few weeks. This suggests that buyers are accumulating the stock and that a breakout to the upside could be imminent.
Overall, I believe that is a potential buy price , given the fundamental and technical outlook of the stock.
However, it is important to note that the stock market is volatile and there is always the risk of loss. It is important to do your own research and invest only what you can afford to lose.

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