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.
Pfizer (NYSE: PFE) reported a 53% rise in its first-quarter earnings and lowered its 2013 forecast.For the year, Pfizer now expects earnings of $2.14 to $2.24 per share on revenue of $55.3 billion to $57.3 billion. The company had earlier expected earnings of $2.20 to $2.30 per share on revenue of $56.2 billion to $58.2 billion.Pfizer's quarterly profit surged to $2.75 billion, or $0.38 per share, from $1.79 billion, or $0.24 per share, in the year-ago period. Excluding one-time items, its adjusted earnings from continuing operations came in at $0.54 per share. Its revenue fell 9.3% to $13.5 billion. However, analysts were expecting earnings of $0.55 per share on revenue of $13.99 billion.Equities Trading UP
Avon Products (NYSE: AVP) shot up 7.10 percent to $23.82 after the company reported upbeat quarterly profit.Shares of UBS AG (NYSE: UBS) got a boost, shooting up 7.02 percent to $17.96 after the bank posted a net profit of $1 billion in the first quarter.Best Buy Co (NYSE: BBY) was also up, gaining 7.52 percent to $26.02 after the company announced its plans to sell its stake in its European joint venture.Equities Trading DOWN
Nuance Communications (NASDAQ: NUAN) was down, falling 18.13 percent to $19.07 on weak Q2 results.Shares of Pitney Bowes (NYSE: PBI) were down 15.68 percent to $13.66 on Q1 results.MGIC Investment (NYSE: MTG) shares tumbled 9.31 percent to $4.9699 after the company reported downbeat Q1 results.Commodities
In commodity news, oil traded down 0.26 percent to $94.25, while gold traded up 0.11 percent to $1,469.00.Silver traded up 0.47 percent Tuesday to $24.28, while copper fell 0.87 percent to $3.20.Eurozone
European shares were mostly lower today. The Eurozone Unemployment Rate rose to 12.1 percent in March, in line with expectations and higher than February's reading of 12.0 percent. Eurozone April CPI fell to a 1.3 percent annualized rate from 1.8 percent in March, well below the expected 1.8 percent rate, raising hopes that the ECB will cut rates as it has only a price stability mandate.The Spanish Ibex Index fell 0.06 percent while the Italian FTSE MIB Index dropped 0.28 percent. Meanwhile, the German DAX rose 0.75 percent and the French CAC dropped 0.11 percent and U.K. shares declined 0.16 percent.Economics
The employment cost index increased 0.3% in the first quarter, versus economists' estimates of a 0.5% rise.The ICSC/Goldman Sachs Retail Chain Store Sales Index rose 0.4% in the week ended Saturday versus the week earlier.The S&P/Case-Shiller composite index surged 0.3% in February and rose 9.3% y/y.National chain store sales for the first three weeks of April dropped 2.5% versus March, according to Redbook Research's latest indicator.Chicago PMI declined to 49.0 in April, versus 52.4 in March. However, economists were expecting a 52.5 reading.The consumer confidence index surged to 68.1 in April, versus a revised 61.9 in March. However, economists were expecting a reading of 61.3. The expectations index increased to 73.3, versus 63.7 in March.The FOMC meeting begins Tuesday and the Treasury is set to auction 4-week and 52-week bills.
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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