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,” Stephen Weiss of Short Hills Capital Partners said Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is oversold and cheap.
On April 18, Taiwan Semiconductor Manufacturing exceeded first-quarter financial expectations. The company's revenue surged 16.5% to $18.87 billion, surpassing the Street consensus estimate of $18.40 billion, while net income increased by 8.9% to $6.97 billion.
Jenny Van Leeuwen Harrington of Gilman Hill Asset Management, LLC said SL Green Realty Corp. (NYSE:SLG), which reported earnings last week, has a 6% yield.
On April 17, SL Green Realty posted first-quarter sales of $128.203 million, missing market expectations of $152.668 million. The company posted FFO of $3.07 beating estimates of $2.16.
Evercore ISI Group analyst Steve Sakwa maintained SL Green Realty with an Underperform but raised the price target from $46 to $47 on April 22.
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Joseph M. Terranova of Virtus Investment Partners named Goldman Sachs Group, Inc. (NYSE:GS) as his final trade.
On April 15, Goldman Sachs reported better-than-expected first-quarter earnings, posting revenue of $14.21 billion for the first quarter of 2024, beating the consensus of $12.92 billion.
The Wall Street giant reported EPS of $11.58, beating the consensus of $8.60.
Price Action:
- Taiwan Semiconductor Manufacturing shares rose 1.6% to close at $129.75 on Monday.
- SL Green Realty shares gained 2.4% to settle at $50.78 during Monday's session.
- Goldman Sachs shares gained 3.3% to close at $417.35 during Monday's session.
Also Read This: Investor Optimism Improves, But Fear & Greed Index Remains In ‘Fear’ Zone
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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