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.
David Magee of SunTrust Robinson Humphrey believes the Q2 results reported by Best Buy Co Inc (NYSE: BBY) demonstrate once again that the major investments made by the company over the past several years are now paying off.
Magee reiterated a Buy rating on the company, while raising the price target from $39 to $45.
“BBY is gaining market share, in our opinion, at stable gross margins and with a lower expense structure,” the analyst pointed out.
Positive On H2
In addition, Magee believes there are several reasons to be positive about H2, including product introductions in gaming, mobile and virtual reality.
These, along with share gains in the appliance market, are expected to keep the momentum going for Best Buy.
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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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