20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Credit Suisse Analyst Stephen Ju maintained an Outperform rating on Facebook Inc. (NASDAQ:FB) and raised the price target from $258 to $305.
Here were some of the analyst’s investment takeaways:
- After seeing month-on-month improvements throughout April and May, Facebook. advertiser feedback suggests moderating brand budget growth recovery in June.
- Updated second-quarter checks show that entertainment, media and retail “declined less severely.”
- Facebook has the potential for better-than-expected ad revenue growth on product innovation such as Facebook Shops and search in Marketplaces.
Overall, Credit Suisse's near-term estimates remain unchanged for now.
The sell-side firm sees some risks associated with slower-than-expected adoption of Facebook ad units, greater regulatory oversight and longer-than-expected headwinds from COVID-19.
FB Price Action: Shares of Facebook closed Friday’s session at $242.03.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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