May 15, 2024 17:04 | 2 minutes of reading
20-year-old professional trader reveals his ‘MoneyLine’
Ditch the indicators and use “MoneyLine”. A simple line will tell you when to buy and sell, without the guesswork. This is the line on the chart that helped Nic Chahine win 83% of his option purchases. Here’s how he does it.
Eyes are on the retail giants Walmart Inc (NYSE:WMT), Lowe’s Companies Inc (NYSE:LOW), Target Company (NYSE:TGT), Costco Wholesale Corporation (NASDAQ:COST) and others expected to report results this spring. Foot traffic data can provide insight into the sector’s upcoming performance.
Foot traffic at Walmart and Sam’s Club: According to placer.aivisits to Walmart increased by 3.9% year-on-year and at subsidiary Sam’s Club by 6.1%. Year-over-year visits to Walmart were down 2.7% in April, up 7.7% in March and up 4.4% in February, while Sam’s Club visits were up 1.9% in April, up 8 .2% in March and 6.9% in February. The company has seen significant growth in Minnesota, Wyoming, North Dakota and South Dakota.
Walmart will report first-quarter earnings on May 16.
Lowe’s Foot Traffic: Lowe’s first-quarter visits were down 4% year-over-year, up 0.2% in April, down 1.1% in March and down 2.8% in February. Competitor Home Depot Inc (NYSE:HD), which published results on May 14, reported a year-over-year decline in visits in the first quarter.
Lowe’s will report first-quarter earnings on May 21.
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Target foot traffic: Visits to Target increased 3.5% year-over-year in the first quarter. Visits increased by 1.4% in April, 6.3% in March and 5.3% in February.
Target will report first-quarter earnings on May 22.
Costco foot traffic: Costco saw the largest increase in foot traffic in the first quarter. Visits increased 8.9% year over year, 9.2% in April, 10.5% in March and 10.9% in February.
Costco will report first-quarter earnings on May 30.
Read also: Economists react to inflation and retail sales: “The soft landing narrative is still possible, but not guaranteed”
Photo: Walmart via Shutterstock
20-year-old professional trader reveals his ‘MoneyLine’
Ditch the indicators and use “MoneyLine”. A simple line will tell you when to buy and sell, without the guesswork. This is the line on the chart that helped Nic Chahine win 83% of his option purchases. Here’s how he does it.
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