March 5, 2015 1:58 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.
Sterne Agee issued a report on Target Corporation (NYSE: TGT) saying that they were encouraged by Target focusing on its digital platform and merchant culture. Furthermore Target has over $2 billion of potential cost savings to fund investments, thus their margin profile looks to be in good shape for the next few years. Sterne Agee rates Target as Neutral with a $71.00 price target. CEO Brian Cornell announced 5 key priorities for the company going forward:1. On Demand Shopping: Target wants to provide shoppers with the ability to shop anywhere/anytime they want and will use a channel-agnostic approach to do so.2. Signature categories: Target wants to differentiate its Style, Baby, Kids, and Wellness categories from its competitors.3. Localization and Personalization: Target wants to improve the online experience of its customers.4. New Urban Formats: City Target and Target Express will be a main focus of the company in order to improve the shopping experience of those living in big cities.5. Simplify and control costs: Target announced that they will cut SG&A expenses and COGS by over $2 billion over the next few years.Currently Target Corporation is trading at $78.04, up 0.41 percent.
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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