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.
- Jefferies analyst David Katz raised the price target on Live Nation Entertainment Inc (NYSE:LYV) to $125 from $103, implying a 0.9% upside, and reiterated a Buy on the shares following Q3 results that he said reflect "robust growth in concert activity backed by outsized fan growth."
- While Katz contends that Live Nation "defines the consumer recovery as well as any names in our coverage," he also argues that its "growing leadership in live entertainment globally" warrants a growing premium.
- Live Nation reported third-quarter FY21 revenue of $2.7 billion, beating the consensus of $2.1 billion. It clocked $184 million in revenue in Q3 FY20.
- Revenue from concerts was $2.15 billion. EPS of $0.19 beat the consensus loss of $(0.06).
- Price Action: LYV shares closed higher by 15.2% at $123.8 on Friday.
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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