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.
CNBC Fast Money's Tim Seymour spoke on the show about Intel Corporation (NASDAQ: INTC). He would buy the stock because weak PC sales numbers and foreign currency problems are already priced in. The company pays a nice dividend and Seymour sees the purchase of the stock as a great idea among the big cap names.
Steve Grasso also likes Intel despite weak PC sales. He would buy the stock and place a stop loss at $29.50. He added that there are too many headwinds in China for QUALCOMM, Inc. (NASDAQ: QCOM).
Dan Nathan would rather buy QUALCOMM. He doesn't like how PC centric is Intel. The sentiment for QUALCOMM is very poor and Nathan likes its mobile focus. If its Snapdragon processor for mobile phones is in new Samsung Galaxy 6 it would be a huge boost. The company also approved a huge buyback. Nathan added that the entry is not great, but in case of a weak market traders should buy the stock if it trades in mid- to high-60s.
Karen Finerman is buyer of Intel because of its attractive valuation. She believes that it has a great balance sheet and the PC sales pessimism is already priced in.
Guy Adami would rather buy Intel because he doesn't like the way QUALCOMM has been trading. The stock didn't do much after a buyback announcement. Intel looks much safer at this point to Adami.
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.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!