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.
- Amazon.Com, Inc (NASDAQ:AMZN) looked to sell investment-grade bonds for general corporate purposes, its second offering in the dollar market this year.
- Amazon issued senior unsecured bonds in up to five parts, Bloomberg reports.
- The most extended portion of the offering, a 10-year security, may yield 1.15 percentage points over Treasuries.
- Also Read: Amazon Weighs Paring Back On Unprofitable Businesses Like Alexa; Introduces New Warehouse Robot To Cut Down On Lag
- The target size of the offering is $7 billion.
- Amazon may use the offering proceeds to repay debt, fund acquisitions, and share buybacks.
- Amazon last sold bonds in April, raising $12.75 billion, the company’s first offering in about a year.
- Amazon is among ten companies looking to sell the debt on Tuesday ahead of anticipated volatility over the next few days.
- The sale also comes as credit fundamentals create an optimistic backdrop for issuing debt.
- Amazon’s total debt load now exceeds $70 billion.
- Amazon held $58.9 billion in long-term debt and $58.7 billion in cash and equivalents as of September 30.
- Price action: AMZN shares traded lower by 2.21% at $91.69 on the last check Tuesday.
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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