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.
A potential Amazon.com, Inc. (NASDAQ:AMZN) stock split and its implications were discussed Wednesday on CNBC's "Fast Money: Halftime Report."
What Happened: A rumored stock split for Amazon has recently been tossed around via various media sources. Some believe the split could happen as soon as Thursday when the e-commerce giant reports earnings.
Host Scott Wapner asked Jon Najarian if he thought a stock split would benefit it.
Although the company would remain the same, a stock split would make Amazon more attractive to some investors, Najarian said.
Related content: Benzinga's Full Stock Split Calendar
Joe Terranova, chief market strategist for Virtus Investment Partners, chimed in saying that he expects the stock split to take place.
The only question is "which stock gets tossed out of the Dow Jones Industrial," Terranova said, implying that Amazon might be added to the Dow Jones Industrial Average (DJIA) with a lower share price.
Related Link: Could An Amazon Split Foreshadow Dow Jones Industrial Inclusion?
Terranova noted that he believes Amazon would take the place of Intel Corporation (NASDAQ:INTC) in the DJIA .
Amazon is scheduled to report earnings after the close on Thursday.
Related Link: Amazon Breaks Resistance, But Will It Hold?
Price Action: Amazon was up 1.20% at $3,458.50 at last check Wednesday afternoon.
(Photo courtesy of Amazon)
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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