Rally and Recover

Issue // March 28, 2023

March 28, 2023

UPDATE

Marching to the Finish Line

By The MARK IT. Team

🌤️ Good morning, and happy Tuesday. We hope your week got off to a great start and the week ahead isn’t too crazy as we close out March. Here at MARK IT., we’ve been working hard on new projects and articles to share with you, so be on the lookout for those in the next few weeks.

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WEEK IN REVIEW

On the Mend

By Abbas Akhtar

With most of the shock of the bank failures behind us, this past week had some much needed recovery for many stocks. A number of shares we’ve reported on in past issues saw decent upticks last week and yesterday. Because of internal issues or small scale industry volatility (energy sector, consumer staples, banking) many stocks were at 3 or 6 month lows. This past week seemed to be an improvement.

  • Coca-Cola, which we reported on in our Need Stronger Staples? issue was trading below $61 a share since early February. Since Friday, the stock has been on a mini-rally as the share price rose 1.96% and hit $61.35 as of Monday’s market close.

  • Occidental Petroleum, which we talked about a few months ago in Stepping on the Gas, had a similar positive streak after a month of fluctuating. Since early February, the stock has been revisiting the $57 mark, which was disappointing to many after last November when the stock rallied to $74, which it hadn’t seen in a while.

WEEKLY WATCHLIST

Cooling Off

This week, we’re choosing not to report on any stocks. We’re looking to let some of the volatility from the last few weeks cool down as we find more stocks to report on in the coming weeks. Additionally, Q1 2023 earnings are just around the corner, and we want to bring you an exciting list of well-researched companies during that time.

ONE MORE THING

Keep in Touch

  • For general announcements or updates on what we're working on, follow Abbas on Twitter 👉 @RealAbbasAkhtar

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Thanks again for reading!

Nothing MARK IT. publishes constitutes professional and/or financial advice, nor does any information published by MARK IT. constitute a comprehensive or complete statement of the matters discussed.