October 23, 2014 8:04 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 Thursday, Credit Suisse analyst Joseph Mastrogiovanni reiterated an Outperform rating on
AT&T (NYSE: T), but lowered the price target from $41.00 to $39.00.In the report, Credit Suisse noted, “AT&T reported wireless EBITDA of $6.65B, 2.7% above CS estimates and 1.4% above consensus on better than expected margins. However, wireline revenue and EBITDA were light. This, in addition to a one-time legal charge of roughly $100M for erroneous billing, resulted in weaker consolidated financials than we expected. Adjusted EBITDA was 3.3% less than our estimate, while adjusted EPS of $0.63 was $0.01 below us and consensus. We are reducing our 2014 EPS estimate to $2.57 from $2.60 and our FY2015 EPS 3% to $2.72. We're also reducing our price target to $39 (from $41), but maintaining our Outperform rating. At a 2015 PE of 12.7x, AT&T is trading at the low end of its historical range of 12 -16x and has a dividend yield of over 5%.”AT&T closed on Wednesday at $34.50.
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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