The Market In 5 Minutes: Airbnb, Buffett, Mueller-Manafort-Gates


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.


IN THE NEWS

Two of the hottest investments on Wall Street in recent months have been semiconductor stocks and cryptocurrencies, and the link is no coincidence: Link

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!

Congressman Tim Ryan (D-Ohio) said there’s no perceivable disconnect between what investors want and what the midwest offers: Link

Berkshire Hathaway Inc. (NYSE: BRK-B) shareholders will look to Warren Buffett’s annual letter on Saturday for new clues of what the conglomerate plans to do with more than $100 billion in cash: Link $

Special counsel Robert Mueller’s office obtained new tax and bank fraud charges against Paul Manafort and Richard Gates on Thursday, adding pressure on the former Trump campaign manager and his longtime deputy, who have been fighting the case: Link $

Home-booking company Airbnb has sparred with regulators across the globe, but Chief Executive Brian Chesky on Thursday spoke of coming to terms with his responsibility for how the company can impact housing markets and neighborhoods: Link


Want Private Access to Benzinga Analyst?

Check out the latest strategies our team of experts are using every week so that you can always adapt to the market like the pros!—Get FULL Access to This Week's Webinar Here.


Efforts to quickly address gun violence in the wake of a mass shooting at a Florida high school are beginning to face a familiar political reality, as gun-rights advocates reassert their traditional power in Washington: Link

Treasury Secretary Steven Mnuchin brushed aside signs that investors are nervous about rising prices and criticism that growing debt will harm U.S. economic security, declaring that President Donald Trump’s policies won’t cause inflation: Link

ECONOMIC DATA

  • New York Federal Reserve Bank President William Dudley is set to speak in New York at 10:15 a.m. ET.
  • Boston Federal Reserve Bank President Eric Rosengren will speak in New York at 10:15 a.m. ET.
  • The Baker Hughes North American rig count report for the latest week is schedule for release at 1:00 p.m. ET.
  • Cleveland Federal Reserve Bank President Loretta Mester is set to speak in New York at 1:30 p.m. ET.
  • San Francisco Federal Reserve Bank President John Williams will speak in Los Angeles at 3:40 p.m. ET.

ANALYST RATINGS

  • Wells Fargo upgraded Hudson Pacific (NYSE:HPP) from Market Perform to Outpeform
  • Jefferies downgraded QTS Realty (NYSE:QTS) from Buy to Hold
  • DA Davidson downgraded Acacia Communications (NASDAQ:ACIA) from Buy to Neutral

This is a tool used by the Benzinga News Desk each trading day — it's a look at everything happening in the market, in five minutes. To get the full version of this note every morning, click here.


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.


Posted In: NewsGlobalTop StoriesPre-Market OutlookMarketsMarket in 5 minutes