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.
- Oppenheimer analyst Bryan F. Blair initiated coverage on Franklin Electric Co Inc (NASDAQ:FELE) with Perform rating.
- The analyst commends the company's fast-growing water treatment platform, extensive groundwater installed base, optionality in grid monitoring and switchgear technologies, and strong balance sheet.
- Blair is bullish on FELE's overall franchise quality and strong growth momentum going forward.
- Given competitors' different strategies, the analyst sees FELE's core focus on groundwater as a key differentiator. He considers the water treatment business (approaching sales of $200 million), a relatively new platform for FELE, an attractive long term growth opportunity.
- The analyst is cautious about the earlier-than-expected decline in Fueling Systems revenue on accelerating EV adoption.
- Blair expects EPS of $4.17 in 2023 (vs company guidance of $4.10–4.30) and $4.45 in 2024.
- Price Action: FELE shares are trading lower by 0.58% to $88.88 on the last check Wednesday.
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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