27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
Analysts at the Buckingham Research Group consider Lear Corporation (NYSE:LEA) to be "one of the best" auto supplier companies in the sector yet at the same time the stock can no longer be considered a buy. The firm's Joseph Amaturo downgrades Lear's stock rating from Buy to Neutral with an unchanged $175 price target as continued upside in the stock is unlikely.
For years investors were encouraged to "aggressively" buy Lear's stock and those who did so have been rewarded, Amaturo commented in his downgrade note. Yet at this point, the stock's valuation needs to be put in perspective although there is no reason to believe there are any negative near-term catalysts.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Bottom line, the downgrade is strictly due to valuation concerns alone and not a sign of poor earnings report for the third quarter or full fiscal year on the horizon.
Related Links:Lear Shares Downgraded To Underweight Amid Weaker-Than-Expected US Auto Sales Forecast27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.