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 mostly higher, with the Dow Jones gaining more than 100 points on Friday. The Dow added 1.4% last week, while the S&P 500 climbed 2.5%.
Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused about which analyst's opinion to trust.
Benzinga's Analyst Ratings API is a collection of the highest-quality stock ratings curated by the Benzinga news desk via direct partnerships with major sell-side banks. Benzinga displays overnight ratings changes on a daily basis three hours prior to the U.S. equity market opening. Data specialists at investment dashboard provider Toggle.ai recently uncovered that the analyst insights Benzinga Pro subscribers and Benzinga readers regularly receive can successfully be used as trading indicators to outperform the stock market.
Top Analyst Picks: Fortunately, any Benzinga reader can access the latest analyst ratings on the Analyst Stock Ratings page. One of the ways traders can sort through Benzinga's extensive database of analyst ratings is by analyst accuracy. Here's a look at the most recent stock picks from each of the five most accurate Wall Street analysts, according to Benzinga Analyst Stock Ratings.
Analyst: Mark Kelley
- Analyst Firm: Stifel
- Ratings Accuracy: 87%
- Latest Rating: Reiterated a Buy rating on The Trade Desk, Inc. (NASDAQ:TTD) with a price target of $91 on Aug. 31, 2023. This analyst sees around 14% upside in the stock.
- Recent News: The Trade Desk reported quarterly earnings of 28 cents per share which beat the analyst consensus estimate of 26 cents, a 40% increase over earnings of 20 cents per share from the same period last year.
Analyst: Rick Patel
- Analyst Firm: Raymond James
- Ratings Accuracy: 85%
- Latest Rating: Maintained a Strong Buy rating on Lululemon Athletica Inc. (NASDAQ:LULU) and raised the price target from $438 to $440 on Sept. 1, 2023. This analyst sees around 9% upside in the stock.
- Recent News: Lululemon reported better-than-expected second-quarter financial results and issued guidance.
Analyst: Eric Wold
- Analyst Firm: B. Riley Securities
- Ratings Accuracy: 85%
- Latest Rating: Downgraded rating on MasterCraft Boat Holdings, Inc. (NASDAQ:MCFT) from Buy to Neutral and cut the price target from $37 to $23 on Aug. 31, 2023. This analyst sees around 1% upside in the stock.
- Recent News: MasterCraft Boat reported a fourth-quarter FY23 sales decline of 15.5% year-on-year to $166.57 million, beating the analyst consensus of $162.08 million.
Analyst: Rohit Kulkarni
- Analyst Firm: Roth Capital
- Ratings Accuracy: 84%
- Latest Rating: Reiterated a Buy rating on Yext, Inc. (NYSE:YEXT) with a price target of $12.5 on Sept. 1, 2023. This analyst sees around 38% upside in the stock.
- Recent News: Yext is expected to release its second quarter fiscal year 2024 on Sept. 6, 2023.
Analyst: Aaron Rakers
- Analyst Firm: Wells Fargo
- Ratings Accuracy: 83%
- Latest Rating: Maintained an Overweight rating on Hewlett Packard Enterprise Company (NYSE:HPE) and increased the price target from $20 to $21 on Aug. 30, 2023. This analyst sees around 17% upside in the stock.
- Recent News: Hewlett Packard posted better-than-expected third-quarter results.
Read More: How To Earn $500 A Month From Broadcom Stock After Upbeat Earnings
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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