Citigroup, Bank Of America, Berkshire Hathaway And A Cybersecurity Stock On CNBC’s ‘Final Trades’ – Bank of America (NYSE:BAC)
May 17, 2024 8:46 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.
On CNBC’s “Halftime Report Final Trades,” Stephanie Link of Hightower said Bank of America Corporation (NYSE:BAC) is trading at 1.2 times book value.
Bank of America reported better-than-expected earnings for its first quarter on April 16. The Charlotte, North Carolina-based bank posted quarterly adjusted net income of $7.2 billion and adjusted EPS of 83 cents, beating the consensus of 77 cents.
Jim Lebenthal of Cerity Partners named Citigroup Inc. (NYSE:C) as his final trade.
On April 12, Citigroup posted better-than-expected earnings for its first quarter. The bank reported a first-quarter fiscal 2024 revenue decline of 2% year-over-year to $21.10 billion, beating the consensus of $20.39 billion.
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Bill Baruch of Blue Line Capital named CrowdStrike Holdings, Inc. (NASDAQ:CRWD), saying the cloud is under attack and CrowdStrike is setting a record high.
On April 9, CrowdStrike announced an expanded partnership with Google Cloud to stop breaches across multi-cloud and multi-vendor environments..
Joshua Brown of Ritholtz Wealth Management picked Berkshire Hathaway Inc. (NYSE:BRK).
Price Action:
- Bank of America shares rose 0.8% to close at $39.22 on Thursday.
- Citigroup fell 0.2% to settle at $64.14 during Thursday’s session.
- CrowdStrike shares fell 1.2% to settle at $339.06 on Thursday.
- Berkshire Hathaway shares rose 0.1% to close at $413.12 on Thursday.
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Image: Shutterstock
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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