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Book Profit on this NYSE-Listed Capital Market Stock: Moody’s Corporation

Aug 15, 2022 | Team Kalkine
Book Profit on this NYSE-Listed Capital Market Stock: Moody’s Corporation

Moody’s Corporation

Company Overview:  Moody’s Corporation (NYSE: MCO) is a global risk assessment company. The business is divided into two segments: Moody's Investors Service and Moody's Analytics. The MIS segment publishes credit ratings and provides assessment services for a variety of debt obligations, projects, and facilities as well as the companies that issue them on international markets. The MA industry develops a range of goods and services to help institutional participants in the international financial markets manage risk.

As per our previous ‘Report published on MCO dated 06th July 2022, Kalkine provided a ‘HOLD’ stance on the stock at USD 284.19 based on ‘recurring revenue, growth in KYC solutions & credit research, and upside indicated based on Valuation done, the stock price has now moved by ~13.65% since then and the price is trailing above the Resistance 1 and Resistance 2 levels.

Noted below are the details of support and resistance levels provided in our previous report:

MCO’s Daily Chart

(Source: Refinitiv, Analysis done by Kalkine Group)

Considering the resistance, beyond target levels attainment, current trading levels, associated risks with the stock, and volatile market conditions on the back of rising interest rates, a ‘Sell’ rating is assigned to the “MCO” at the closing market price of USD. 322.97 as of August 12, 2022. 

Note: This report may be updated with details around fundamental and technical analysis, price/ chart in due course, as appropriate

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels is 12 August 2022. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Target Price refers to a price level which the stock is expected to reach as per the relative valuation method and or technical analysis taking into consideration both short-term and long-term scenarios.

Note 5: ‘Kalkine reports are prepared based on the stock prices captured either from the New York Stock Exchange (NYSE), NASDAQ Capital Markets (NASDAQ), and or REFINITIV. Typically, all sources (NYSE, NASDAQ, or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.’