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.
Twitter Inc (NYSE:TWTR) reported first quarter results in which the positives outnumber the negatives so a bearish stance on the stock no longer applies, according to Raymond James.
The Analyst
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!
Raymond James' Aaron Kessler upgraded Twitter from Underperform to Market Perform with no assigned price target.
The Thesis
Twitter's first quarter revenue of $665 million was "well above" Kessler's estimate of $613 million and was driven by improving advertising growth rates and strong international growth, the analyst said in a Wednesday afternoon note.
Other positives from the earnings report include:
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.
- International ad revenue rose 51 percent from a year ago and the company guided for international revenue to exceed U.S. ad revenue in the coming quarters;
- EBITDA of $244 million was 13 percent ahead of what the analyst was modeling; and
- Daily active users rose 10 percent from a year ago, which brings the streak of double-digit growth to six quarters.
On the other hand, Twitter's management noted tougher comps would affect growth rates in the bottom half of 2018, the analyst said. The company's revenue growth would look like the sequential growth rates the company showed in 2016.
Price Action
Shares of Twitter were trading higher by nearly 2 percent at $30.46.
Twitter's Q1 Earnings Beat: What You Need To Know
Kanye West May Have Signaled He's Pushing His Presidential Bid To 2024
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.