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.
Netflix, Inc. (NASDAQ:NFLX), which reported second-quarter earnings Thursday, is not the only streaming company attracting investors’ attention.
Walt Disney Company (NYSE:DIS) and Roku, Inc. (NASDAQ:ROKU) are strong contenders, Gina Sanchez, CEO of Chantico Global, and Craig Johnson, chief market technician at Piper Sandler, said during a CNBC “Trading Nation” segment.
The Streaming Ideas: Sanchez has a positive outlook on Disney+.
The platform has “extremely valuable” content that will “fall off all of the [other] platforms in September,” which will “drive significant growth here in the near term,” she told CNBC.
Johnson shared his takes on Netflix and Roku.
“We’d definitely be a buyer [of Netflix],” the market technician said.
Despite the 7% dip following the second-quarter report, there will be a correction and a “longer uptrend,” Johnson said.
Johnson said he sees Roku as “another streaming stock that could be on the upswing.”
Roku “has reversed a longer term downward trending price channel. I like those kind of downtrend reversals. Something is clearly more positive there, and we’d also be a buyer of that stock here on that downtrend reversal,” he said.
DIS, NFLX, ROKU Price Action: Disney shares ended Monday's session lower by 0.74% at $117.79.
Netflix shares gained 1.91% to $502.41.
Roku shares were up by 1.42% to $150.46.
Photo courtesy of Disney.
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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