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 recommended buying Tyler Technologies, Inc. (NYSE:TYL). "That’s a very well-run company," he noted.
On Feb. 14, Tyler Technologies reported mixed financial results for its fourth quarter.
Cramer said he would certainly hold on Cisco Systems, Inc. (NASDAQ:CSCO).
"Let’s ring the register," Cramer said about Kodiak Gas Services, Inc. (NYSE:KGS), "That stock’s gone up too much."
On March 6, Kodiak Gas Services reported worse-than-expected fourth-quarter earnings and issued FY24 guidance.
The Vita Coco Company, Inc. (NYSE:COCO) is a "good" stock, Cramer said.
On Feb. 28, Vita Coco reported better-than-expected fourth-quarter financial results and issued FY24 net sales guidance.
When asked about United Airlines Holdings, Inc. (NASDAQ:UAL), he said. "I think you’ve got a nice gain there and I would do some ‘ka-ching’-ing."
United Airlines is reportedly urging pilots to consider unpaid leave next month due to Boeing’s delayed aircraft deliveries, as per a note to pilots.
The "Mad Money" host said he likes Palantir Technologies Inc. (NYSE:PLTR). "I thought they had a good quarter, they have a good defense business, I like IT defense work, and they’ve owned that franchise," he added.
On March 28, Monness, Crespi, Hardt analyst Brian White downgraded Palantir Technologies from Neutral to Sell and announced a $20 price target.
Price Action:
- Shares of Tyler Technologies fell 2% to close at $416.69 on Monday.
- Cisco Systems shares gained 0.3% to close at $50.04.
- Kodiak Gas Services shares gained 1.4% to settle at $27.72 on Monday.
- Palantir shares fell 0.7% to close at $22.86 during Monday’s session.
- United Airlines shares fell 1.1% to settle at $47.35.
- Shares of Vita Coco fell 2% to close at $23.95 on Monday.
Read Next: Insiders Buying Outlook Therapeutics And 2 Other Stocks
Image: Shutterstock
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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