December 18, 2014 1:38 PM | 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.
FedEx Corp. (NYSE: FDX) shares rebounded Thursday a day after getting driven down by disappointing quarterly earnings.The Atlanta-based package shipper changed hands recently at $171.68 a share, up $3.90, following losses of about 4 percent Wednesday.Goldman Sachs' Tom Kim upgraded FedEx Thursday to Buy, from Neutral, and boosted his price target more than 21 percent to $211.Kim expects compounded annual earnings growth of 27 percent in the next two years. But at least two other analysts see a slower growth rate and maintained the equivalent of Neutral ratings on FedEx Thursday while trimming their targets slightly.FedEx on Wednesday missed the Wall Street earnings consensus by 3.6 percent as lower fuel costs provided a less-than-expected advantage and bottlenecks at West Coast ports required a costly shift in resources to the East Coast.Credit Suisse's Allison M. Landry maintained a Neutral rating on FedEx and cut her target about 1 percent to $177.Landry expects 2016 earnings will grow 20 percent to $10.82 a share, from $9 a share in 2015.Morgan Stanley's Morgan J. Greene maintained an Equal Weight rating on the company and trimmed his target 4.5 percent to $170 a share. Greene expects 2016 revenue will grow a bit more than 15 percent to $9.80 a share, from $8.50 in 2015. disappointing investors with 172.12+4.34 (2.59%)
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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