Day Trading of Stocks Essay

Total Length: 596 words ( 2 double-spaced pages)

Total Sources: 2

Page 1 of 2

Introduction

To generate returns within the day-trading of stocks, it is imperative to find stocks that will, in a short span, appreciate and increase in value. This encompasses making a sophisticated approximation about demand for the firm’s products or services as well as making certain that the stock chart is indicative of an upward trend or a rebound (Johnston, 2017). In this regard, the three main stocks that were selected for trading include Amazon, Broadridge Financial Solutions, Inc., and the Brink’s Company. The following is a portfolio indicating the shares that have been selected and purchased and the total number of shares purchased as well as the total cost incurred in this transaction.

Stock

Symbol

Cost/Share

Purchase Price

Number of Shares

Total Cost

Gain

Transaction Costs

Total Costs



Proctor & Gamble Company

PG

$ 87.58

$ 86.95

1,600

$ 139,120.00

$ 1,008.00

$ 347.80

$ 139,467.80



Wells Fargo & Company

WFC

$ 54.26

$ 53.50

1,700

$ 90,950.
00

$ 1,292.00

$ 227.38

$ 91,177.38



China Life Insurance

LFC

$ 17.41

$ 17.24

7,000

$ 120,680.00

$ 1,190.00

$ 301.70

$ 120,981.70

$ 351,626.88



Stock

Symbol

Cost/Share

Purchase Price

Number of Shares

Total Cost

Gain

Transaction Costs

Total Costs



Amazon.com, Inc.

AMZN

$1,126.31

$1,123.08

100

$112,308.00

$ 323.00

$280.77

$112,588.77



The Brink's Company

BCO

$80.15

$78.20

700

$54,740.00

$ 1,365.00

$136.85

$54,876.85



Broadridge Financial Solutions, Inc.

BR

$89.82

$89.10

600

$53,460.00

$ 432.00

$133.65

$53,593.65



The three stocks were selected because they show a potential of growing and increasing in share value in the forthcoming period. In the case of Broadridge Financial Solutions, the.....

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References

Johnston, K. (2017). Top 3 Growth Stocks for 2017. Investopedia. Retrieved from: https://www.investopedia.com/investing/top-growth-stocks/

Yahoo Finance. (2017). Amazon.com, Inc. Retrieved from: https://finance.yahoo.com/quote/AMZN/

Yahoo Finance. (2017). The Brink’s Company. Retrieved from: https://finance.yahoo.com/quote/BCO/

Yahoo Finance. (2017). Broadridge Financial Solutions, Inc. Retrieved from: https://finance.yahoo.com/quote/BR/

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