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.
- BMO Capital analyst Kenneth Zaslow downgraded Kellogg Co (NYSE:K) to Market Perform from Outperform with a price target of $70, down from $75, suggesting an upside of 7%.
- The analyst sees a lower probability of upside to consensus expectations given the ongoing challenges in U.S. cereal and industry-wide supply constraints.
- Zaslow notes soft U.S. cereal sales and incremental margin pressure may limit earnings upside.
- The analyst adds he may have underestimated the impact of Kellogg's union strike.
- Related Content: Kellogg's Workers End Strike, Union Says No Concessions Were Made
- Price Action: K shares closed higher by 0.14% at $65.26 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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