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.
U.S. stocks closed sharply lower with the Dow Jones tumbling more than 1,000 points on Friday. Here is the list of some big stocks moving lower in the previous session.
- Domo, Inc. (NASDAQ:DOMO) shares tumbled 27.8% to close at $20.69 on Friday after the company reported worse-than-expected Q2 sales results and issued Q3 and FY23 sales guidance below analyst estimates. Additionally, multiple analysts lowered their price target on the stock.
- Affirm Holdings, Inc. (NASDAQ:AFRM) shares dipped 21.3% to close at $24.57 after the company reported worse-than-expected Q4 EPS results and issued Q1 FY23 sales guidance below estimates.
- Open Text Corporation (NASDAQ:OTEX) fell 14.4% to settle at $31.89 after the company announced it will acquire Micro Focus International for $6 billion.
- Dell Technologies Inc. (NYSE:DELL) fell 13.5% to close at $41.43. Dell Technologies reported upbeat earnings for its second quarter, while sales missed estimates.
- Lantronix, Inc. (NASDAQ:LTRX) fell 13.5% to close at $6.56 after the company posted downbeat Q4 earnings and issued weak earnings forecast for FY23.
- Axcelis Technologies, Inc. (NASDAQ:ACLS) dropped 11.6% to close at $72.29.
- Fate Therapeutics, Inc. (NASDAQ:FATE) dipped 10.8% to close at $27.53.
- Upstart Holdings, Inc. (NASDAQ:UPST) dipped 10.3% to settle at $25.21.
- The Hain Celestial Group, Inc. (NASDAQ:HAIN) fell 9.9% to settle at $21.28. Hain Celestial Group recently reported fourth-quarter FY22 sales growth of 1.4% year-on-year to $457.01 million.
- CureVac N.V. (NASDAQ:CVAC) declined 9.8% to settle at $10.29. CureVac N.V. and GSK recently started a Phase 1 trial of the modified COVID-19 mRNA vaccine candidate, administered as a booster dose to previous COVID-19 vaccination.
- 10x Genomics, Inc. (NASDAQ:TXG) fell 9.8% to close at $34.89. Goldman Sachs recently downgraded the stock from Neutral to Sell and lowered its price target from $55 to $35.
- Allogene Therapeutics, Inc. (NASDAQ:ALLO) fell 9.5% to close at $14.11. The company recently reported better-than-expected Q2 EPS results.
- 3M Company (NYSE:MMM) fell 9.5% to settle at $129.14.
- Beam Therapeutics Inc. (NASDAQ:BEAM) declined 9.5% to close at $56.26.
- RH (NYSE:RH) fell 9.4% to close at $266.91.
- NVIDIA Corporation (NASDAQ:NVDA) dropped 9.2% to settle at $162.60. Shares of several companies at large in the broader communications, entertainment and media industry traded lower amid overall market weakness as investors digest Jerome Powell's speech from the Jackson Hole Symposium.
- Marvell Technology, Inc. (NASDAQ:MRVL) fell 8.9% to close at $50.17 after the company reported financial results for the second quarter.
- HP Inc. (NYSE:HPQ) fell 8.9% to settle at $31.39. Shares of several tech companies traded lower as stocks fall after Fed chair Jerome Powell said the Fed will remain aggressive in its monetary policy stance to fight inflation.
- Carvana Co. (NYSE:CVNA) fell 7.7% to close at $35.54.
- Block, Inc. (NYSE:SQ) fell 7.7% to close at $68.87.
- Seagen Inc. (NASDAQ:SGEN) fell 5.7% to close at $155.01 after Bloomberg reported acquisition talks with Merck stalled over purchase price.
- Amazon.com, Inc. (NASDAQ:AMZN) fell 4.8% to close at $130.75. Shares of several technology companies at large traded lower as stocks fall after Fed chair Jerome Powell said the Fed will remain aggressive in its monetary policy stance to fight inflation. Higher rates lower the value of future cash flows and can impact growth stock valuations.
- Microsoft Corporation (NASDAQ:MSFT) fell 3.9% to settle at $268.09. Shares of several technology companies at large traded lower as stocks fall after Fed chair Jerome Powell said the Fed will remain aggressive in its monetary policy stance to fight inflation
- Apple Inc. (NASDAQ:AAPL) dropped 3.8% to close at $163.62. Shares of several technology companies traded lower as stocks fall after Fed chair Jerome Powell said the Fed will remain aggressive in its monetary policy stance to fight inflation.
- Tesla, Inc. (NASDAQ:TSLA) fell 2.7% to close at $288.09.
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.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!