October 20, 2014 7:51 AM | 1 min read
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.
In a report published Monday, Morgan Stanley analyst Nigel Coe reiterated an Overweight rating on
Honeywell International (NYSE: HON), and raised the price target from $104.00 to $106.00.In the report, Morgan Stanley noted, “With an impressive 5% core growth (+2ppts Q/Q, well above 3% MSe/ consensus) augmented by continued margin momentum (+70bps Y/Y) across the portfolio, HON's 3Q results should compare very well to peers, when all is said and done. The strength was also very broad-based, with all segments printing better than expected results, and we were particularly encouraged by 6% core growth at ESS (signs of recovery in US non-resi) and 150bps Y/Y Aero margin expansion: ~100bps Y/Y ex-FM impact despite unfavorable A/M mix, with mgmt noting benefits of material productivity.”Honeywell International closed on Friday at $90.06.
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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