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 traded mixed midway through trading, with the Dow Jones index falling around 100 points on Thursday.
The Dow traded down 0.35% to 38,328.18 while the NASDAQ rose 0.50% to 16,251.71. The S&P 500 also rose, gaining, 0.03% to 5,162.19.Check This Out: How To Earn $500 A Month From Citigroup Stock Ahead Of Q1 Earnings Report
Leading and Lagging Sectors
Information technology shares rose by 0.1% on Thursday.
In trading on Thursday, financial shares fell by 1.3%.
Top Headline
CarMax Inc (NYSE:KMX) reported weaker-than-expected fourth-quarter earnings.
CarMax reported a fourth-quarter FY24 sales decline of 1.7% year-on-year to $5.63 billion, missing the analyst consensus estimate of $5.79 billion. EPS of 32 cents missed the consensus estimate of 49 cents.
Equities Trading UP
Rallybio Corporation (NASDAQ:RLYB) shares shot up 73% to $2.8150 after the company announced a collaboration with Johnson & Johnson to advance therapeutics for pregnant individuals at risk of FNAIT.
Shares of Eliem Therapeutics, Inc. (NASDAQ:ELYM) got a boost, surging 59% to $4.2452. The company announced that it entered into a definitive acquisition agreement to acquire Tenet and it also entered into a securities purchase agreement for a $120 million private placement.
Rent the Runway, Inc. (NASDAQ:RENT) shares were also up, gaining 128% to $16.85 after the company reported mixed fourth-quarter financial results and issued guidance.
Equities Trading DOWN
Aptevo Therapeutics Inc. (NASDAQ:APVO) shares dropped 58% to $1.02 after the company priced its $4.6 million public offering.
Shares of Enlivex Therapeutics Ltd. (NASDAQ:ENLV) were down 49% to $2.0250. The company announced topline results of its Phase II trial evaluating Allocetra in sepsis.
AVITA Medical, Inc. (NASDAQ:RCEL) was down, falling 31% to $10.01 after the company announced an update to its expected commercial revenue for the first quarter of 2024. BTIG downgraded the stock from Buy to Neutral.
Also Check This Out: Top 3 Financial Stocks That Are Ticking Portfolio Bombs
Commodities
In commodity news, oil traded down 0.9% to $85.48 while gold traded up 0.6% at $2,363.00.
Silver traded up 0.6% to $28.23 on Thursday, while copper fell 0.3% to $4.2690.
Euro zone
European shares were lower today. The eurozone’s STOXX 600 fell 0.3%, London’s FTSE 100 fell 0.5% while Spain’s IBEX 35 Index fell 1% The German DAX fell 0.6% French CAC 40 fell 0.2% while Italy’s FTSE MIB Index fell 0.8%.
The European Central Bank kept interest rates unchanged for a fifth straight time during its April meeting.
Asia Pacific Markets
Asian markets closed mixed on Thursday, with Japan’s Nikkei 225 falling 0.35%, Hong Kong’s Hang Seng Index dropping 0.26%, China’s Shanghai Composite gaining 0.23% and India’s S&P BSE Sensex gaining 0.47%.
China's consumer prices rose 0.1% year-over-year in March, while producer prices fell by 2.8% year-over-year in March.
Economics
Producer prices in the U.S. rose 0.2% month-over-month in March compared to a 0.6% gain in February. However, analysts were expecting a gain of 0.3%.
U.S. initial jobless claims declined by 11,000 to 211,000 in the week ending April 6, compared to market estimates of 215,000.
Now Read This: Citigroup Likely To Report Lower Q1 Earnings; Here Are The Recent Forecast Changes From 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.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!