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.
Morgan Stanley previewed the rising e-commerce trend as shelter-in-place arrangements continue in many states across the country.
Analyst Brian Nowak raised e-commerce estimates for Amazon (NASDAQ:AMZN), eBay (NASDAQ:EBAY) and Etsy (NASDAQ:ETSY) and previewed second-quarter earnings for Chewy
(NYSE:CHWY), Wayfair (NYSE:W), Revolve Group (NYSE:RVLV), and Casper Sleep (NYSE:CSPR).
The analyst named the following as macro e-commerce themes to watch into earnings season and fiscal year 2021:
- Detail on buyers
- Retention strategies
- How do companies think about growth in FY21?
- How are customer acquisition channels changing?
- Is e-commerce becoming more direct?
- How is social media fitting in?
AMZN: Nowak is bullish on Amazon and called it a top pick. He maintained a price target of $3,450.
EBAY: Nowak raised the eBay price target from $52 to $62 given positive trends. "Buyer retention (and GMV growth) into ’21 is likely to be key to continuing to drive outperformance," the analyst said.
CHWY: "We continue to believe CHWY is best positioned to retain new customers acquired during COVID," he said.
ETSY: Nowak raised Q2 GMS growth estimates to 150%, the price target from $43 to $65 and reiterated an Underweight rating on the stock.
W: Nowak expects W’s second-quarter results to “significantly beat forecasts.” Wayfair could deliver approximately 90% revenue growth in the second quarter, the analyst said, adding that strong sales trends have spilled over into July.
CSPR: “We expect top-line to be relatively in-line with expectations, with slightly better eCommerce growth likely offset by longer store closures in select states and store based wholesale partner pressure.”
RVLV: Given the reinstatement of stay-at-home measures in California, Texas, and Florida, there is incremental risk to Revolve’s forecasts for the rest of the year, according to Morgan Stanley.
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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