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.
- New Mountain Capital, a growth-oriented investment firm, has agreed to acquire PerkinElmer Inc's (NYSE:PKI) Applied, Food, and Enterprise Services businesses for up to $2.45 billion.
- The business is a carve-out from the Discovery & Analytical Solutions segment of PerkinElmer.
- The acquired business includes PerkinElmer's OneSource laboratory and field services, a portfolio of atomic spectroscopy, molecular spectroscopy, chromatography instruments, consumables, and reagents serving biopharma, food, environmental & safety, and applied end markets.
- The transaction is expected to close in Q1 of 2023.
- Q2 Earnings: PerkinElmer's Q2 revenues reached 1.23 billion, flat Y/Y, and 8% non-COVID organic growth, beating the consensus of $1.20 billion.
- The company reported an adjusted EPS of $2.32, down from $2.83 a year ago, beating the consensus of $2.02.
- Guidance: PerkinElmer forecasts Q3 sales of $1.02 billion - $1.03 billion and adjusted EPS of $1.40 - $1.45, compared to the consensus of $1.01 billion and $1.34, respectively.
- For FY22, the company raised its revenue guidance to $4.60 billion - $4.64 billion and adjusted EPS to $7.80 - $7.90, up from previous guidance of $4.56 billion - $4.63 billion and $7.15 - $7.45 versus the consensus of $4.58 billion and $7.33, respectively.
- Price Action: PKI shares are up 1.42% at $155.35 during the premarket session on the last check Monday.
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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