March 20, 2015 8:06 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 Friday, Credit Suisse analyst Seth Sigman reiterated a Neutral rating and $27.00 price target on
Michaels Companies Inc. (NASDAQ: MIK).In the report, Credit Suisse noted, "MIK delivered better than expected Q4 results, with EPS of $0.75, up 10% and one penny above expectations. That was supported by a strong +2.2% constant currency comps despite tough compares against Rainbow Loom, and gross margin expansion of 110 bps in what was a promotional quarter for most of retail. We believe the company's many merchandising initiatives (in-store events, exclusive product, store remodels) and marketing enhancements are resonating well with customers, as strength was broad based across categories. At the same time, the company is showing the cash flow power of this model, continuing to reduce and plan to reduce its debt burden faster than planned. We lower our 2015 estimates primarily on the Q1 port issues."Michaels Companies Inc. closed on Thursday at $29.42.
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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