Analog Devices Posts Strong Profits, Joins TJX, Williams-Sonoma and Other Large Caps in Rising Wednesday – Analog Devices (NASDAQ:ADI)

May 22, 2024 10:22 am | 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 when to sell, without any guesswork. This is the line on the chart that helped Nic Chahine win 83% of his option purchases. Here’s how he does it.

US stock markets fell slightly, with the Dow Jones index falling around 10 points on Wednesday.

Shares Analog Devices, Inc. (NASDAQ:ADI) rose sharply during Wednesday’s session after better-than-expected second-quarter financial results.

Analog Devices reported adjusted earnings of $1.40 per share, beating market estimates of $1.26 per share. According to Benzinga Pro data, the company’s quarterly sales were $2.160 billion versus expectations of $2.106 billion.

Analog Devices shares rose 6% on Wednesday to $229.69.

Here are some other large stocks that saw gains during today’s session.

IGM Biosciences, Inc. (NASDAQ:IGMS) rose 24% to $10.44.
Petco Health and Wellness Company, Inc. (NASDAQ:WOOF) rose 23% to $3.0201 after better-than-expected quarterly earnings results.
CureVac NV (NASDAQ:CVAC) shares rose 20.3% to $3.9604.
Daqo New Energy Corp. (NYSE:DQ) shares rose 12.1% to $21.43.
Bloom Energy company (NYSE:BE) rose 10.7% to $16.76.
Sun Power Company (NASDAQ:SPWR) gained 10.5% to $3.0294 after the company announced it will now offer the Tesla Powerwall 3 in its portfolio.
Novavax limited liability company. (NASDAQ:NVAX) gained 9.5% to $16.33. Shah Capital recently withdrew its proxy campaign against the re-election of directors at Novavax’s 2024 annual meeting.
The Canadian company Solar Inc. (NASDAQ:CSIQ) rose 9.2% to $17.28. Roth MKM analyst Philip Shen maintains Canadian Solar with a Buy and a $25 price target.
Brady Company (NYSE:BRC) rose 8.6% to $65.48 after the company posted upbeat quarterly earnings and raised its earnings guidance for FY24.
Loar Holdings Inc. (NYSE:LOAR) gained 7.8% to $60.31.
First Solar limited liability company (NASDAQ:FSLR) rose 7.3% to $227.62.
Fluence Energy, Inc. (NASDAQ:FLNC) gained 7.1% to $20.18.
TJX Companies, Inc. (NYSE:TJX) rose 6.8% to $104.32 on upbeat results.
BioNTech SE (NASDAQ:BNTX) gained 6.4% to $98.00.
Vipshop Holdings Limited (NYSE:VIPS) rose 5.7% to $17.38 on optimistic quarterly results.
Moderna limited liability company (NASDAQ:MRNA) rose 5.6% to $151.80.
Crinetics Pharmaceuticals, Inc. (NASDAQ:CRNX) shares gained 5.5% to $52.22 after the company announced the premature release of its groundbreaking ENDO 2024 summaries.
Williams-Sonoma, Inc. (NYSE:WSM) rose 4.7% to $329.05 after the company reported its first-quarter financial results.

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20-year-old professional trader reveals his ‘MoneyLine’

Ditch the indicators and use “MoneyLine”. A simple line will tell you when to buy and when to 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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