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.
Wal-Mart Stores, Inc. (NYSE: WMT) reported worse than expected second quarter numbers earlier on Tuesday and also reduced its full year guidance. The company declared EPS of $1.08 for the quarter while analysts were expecting EPS of $1.12. It lowered its full year EPS forecast to $4.40 -$4.70 from $4.70-$5.05 that it had guided in February.
Dana Telsey, Telsey Advisory Group CEO, was on CNBC recently to weigh in on Wal-Mart's earnings and share her outlook for the stock.
Stocks Stays At Same Levels
"I think, the investment spend is going to inhibit the stock in the near-term from moving higher," Telsey began. "I think, the sales metrics that they showed were very good and hopefully we can see the flow through to earnings as we go into the third and fourth quarter in the back half of the year. That's what would help give the stock a lift. For right now, I think, the stock stays where it is."
Near-Term = 2 Quarters
Telsey was asked to explain how much time she meant exactly when she said that Wal-Mart's stock will face resistance in near-term. She replied, "I think it's around two-quarters. I always think you got to get through that Christmas season. This is where the bread is buttered, when we are getting into the third and fourth quarters. This is where we are going to see does the flow through of sales drop to the bottom line."
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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