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.
On CNBC’s "Mad Money Lightning Round," Jim Cramer said Corning Incorporated (NYSE:GLW) is "fine."
When asked about Axon Enterprise Inc (NASDAQ:AXON), he said, "It’s a terrific law enforcement package that I think is really good for everybody. I like it."
Cramer said he is "very concerned" about Veru Inc (NASDAQ:VERU).
When asked about GFL Environmental Inc. (NYSE:GFL), he responded, "I think it’s a real good situation."
Coterra Energy Inc (NYSE:CTRA) is the "best natural gas company and a great oil company," Cramer noted.
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The "Mad Money" host said HealthEquity Inc (NASDAQ:HQY) is an expensive stock, and one that’s not making much money. "I think we’re going to have to take a major league pass," he added.
When asked about Bumble Inc (NASDAQ:BMBL), Cramer said, "We’re not seeing the kind of profitability that makes me feel like that stock’s inexpensive."
ChargePoint Holdings Inc (NYSE:CHPT) is a "little too speculative," he said.
Cramer recommended holding off on buying Mobileye Global Inc. (NASDAQ:MBLY) right now.
When asked about Suburban Propane Partners, L.P. (NYSE:SPH), he said, "Propane market is historically, let’s say, too volatile and erratic for me."
Price Action: Shares of Hertz Global dropped 2.4% to close at $15.02, while Capital One Financial settle at $92.97 on Tuesday. Rivian Automotive and Standard Lithium shares lost 5.9% and 3.7%, respectively during the session.
Now Read This: Silvergate Capital Stock's February Expiration Has Options Trader Seeing This Much Downside
Photo: courtesy of Shuttertstock.
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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