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 "Halftime Report Final Trades," Rob Sechan of New Edge Capital Group named ConocoPhillips (NYSE:COP) as his final trade.
On Wednesday, Citigroup maintained ConocoPhillips with a Buy and lowered the price target from $145 to $140. Mizuho maintained the stock with a Neutral and raised the price target from $126 to $127.
Liz Young of BNY Mellon Investment Management picked Energy Select Sector SPDR Fund (NYSE:XLE), and said that energy works both in bull or bull thesis this year.
See Also: Producer Inflation Falls To 35-Month Low
Joseph Terranova of Virtus Investment Partners said Broadcom Inc. (NASDAQ:AVGO) is the "reasonable valuation AI trade in the semiconductor industry."
Broadcom won conditional approval Wednesday from the European Commission to complete its acquisition of Vmware, Inc (NYSE:VMW).
Jim Lebenthal of Cerity Partners said Thermo Fisher Scientific Inc. (NYSE:TMO) is "high-quality" and trades at just under 20 times next year’s earnings.
Thermo Fisher Scientific recently agreed to acquire CorEvitas LLC from Audax Private Equity for $912.5 million in cash.
Don’t forget to check out our premarket coverage here
Price Action
- Thermo Fisher Scientific shares gained 1.8% to $535.48 at last check Thursday morning
- Broadcom opened at $898.17 on Thursday
- ConocoPhillips shares opened at $109.92 on Thursday’s session.
Check This Out: These 3 Health Care Stocks Delivering High-Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts
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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