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.
Shares of DuPont de Nemours Inc (NYSE:DD) have higher resilience to a soft macro environment, given the company’s better operating discipline and “commitment to exploit its freedom to maneuver,” according to Jefferies.
The Analyst
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Jefferies’ Laurence Alexander initiated coverage of DuPont de Nemours with a Buy rating and a price target of $85.
The Thesis
The current productivity cycle and DuPont’s strong free cash flows could help the company generate a compounded annual growth rate of 4.1% in sales and 12% in EPS through mid of the next decade, with more than $4 billion in balance sheet flexibility, Alexander said in the initiation note.
DuPont’s shares could be in a “sweet spot” from the fourth quarter of 2019 through the first half of 2020, with potential asset sales lending near-term support and additional support when investors become more risk averse, Alexander said.
Favorable operating leverage and improvements in the merger and acquisition environment should allow DuPont’s shares to benefit from a rally in the chemical sector, “once global leading indicators turn and the macro playbook (rotate into consumer-facing chemicals before industrial chemicals) becomes more favorable as well,” the analyst wrote.
Price Action
Shares of DuPont de Nemours were up 1.48% to $71.53 at the time of publishing.
Related Links
Benzinga's Top Upgrades, Downgrades For September 10, 2019
DuPont de Nemours Reports Mixed Q2 Earnings, Raises Guidance
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.