27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
Following the market opening Friday, the Dow traded down 0.07% to 29402.70 while the NASDAQ rose 0.05% to 9,716.50. The S&P also fell, dropping 0.01% to 3,373.51.
Leading and Lagging Sectors
Real estate shares climbed 0.5% on Friday. Meanwhile, top gainers in the sector included Plymouth Industrial REIT, Inc. (NYSE:PLYM), up 3%, and CoreSite Realty Corporation (NYSE:COR), up 3%.
In trading on Friday, financial shares fell 0.3%.
Top Headline
NVIDIA Corporation (NASDAQ:NVDA) reported stronger-than-expected results for its fourth quarter.
Nvidia reported adjusted fourth-quarter earnings of $1.89 per share on Thursday, which beat the analyst consensus estimate of $1.66. The company reported quarterly sales of $3.105 billion, which beat the analyst consensus estimate of $2.96 billion.
Equities Trading UP
BioXcel Therapeutics, Inc. (NASDAQ:BTAI) shares shot up 37% to $32.63 after analysts at SunTrust Robinson Humphrey reiterated a Buy rating on the stock and raised their price target from $24 to $150 per share.
Shares of Genprex, Inc. (NASDAQ:GNPX) got a boost, shooting 70% to $4.6505 after climbing 51.38% on Thursday.
ImmunoGen, Inc. (NASDAQ:IMGN) shares were also up, gaining 19% to $6.35 after the company reported better-than-expected Q4 results. The company also issued FY20 sales guidance above analyst estimates.
Equities Trading DOWN
Pulse Biosciences, Inc. (NASDAQ:PLSE) shares tumbled 37% to $7.69 after the company announced it received a letter from the FDA indicating that the company has not demonstrated that its CellFX System is substantially equivalent to a predicate device. H.C. Wainwright downgraded Pulse Biosciences from Buy to Neutral.
Shares of CarGurus, Inc. (NASDAQ:CARG) were down 26% to $25.12 after the company issued Q1 and FY20 EPS and sales guidance below analyst estimates. BTIG Research downgraded CarGurus from Buy to Neutral.
LivePerson, Inc. (NASDAQ:LPSN) was down, falling 24% to $34.03 after the company issued Q1 EPS and sales guidance below analyst estimates. Oppenheimer downgraded LivePerson from Outperform to Perform.
Commodities
In commodity news, oil traded up 1.4% to $52.14, while gold traded down 0.1% to $1,578.60.
Silver traded up 0.2% Friday to $17.66, while copper fell 0.5% to $2.5995.
Euro zone
European shares were higher today. The eurozone’s STOXX 600 gained 0.2%, the Spanish Ibex Index rose 0.5%, while Italy’s FTSE MIB Index rose 0.1% Meanwhile, the German DAX gained 0.3%, and the French CAC 40 fell 0.1% while UK shares rose 0.1%.
Economics
U.S. retail sales rose 0.3% for January, versus a revised 0.2% increase in December.
U.S import prices were unchanged in January, versus a revised 0.2% rise in December. Export prices rose 0.7% in January, following a 0.2% declined in the previous month.
U.S. industrial production dropped fell 0.3% in January, versus a 0.4% fall in December.
U.S. business inventories increased 0.1% in December, versus a 0.2% decline in November.
The University of Michigan consumer sentiment index climbed to 100.9 in February, versus a reading of 99.8 in January.
The Baker Hughes North American rig count report for the recent week is scheduled for release at 1:00 p.m. ET.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.
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