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.
L Brands Inc’s (NYSE:LB) results for the back half of 2020 and guidance for the first quarter of 2021 reflect that Victoria's Secret is approaching a profit inflection point and Bath & Body Works is not exhibiting any signs of topline deceleration, according to Morgan Stanley.
The L Brands Analyst: Kimberly Greenberger upgraded the rating for L Brands from Equal Weight to Overweight, while raising the price target from $45.00 $65.00
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!
The L Brands Thesis: Bath & Body Works seems poised to generate higher profits than historical trends, L Brands seems well positioned to be more profitable in 2021 than it has been over the past five years, Greenberger said in the upgrade note.
“As such, we view HSD-LDD+ VS operating margin and low-mid-20s% BBW operating margin as achievable as early as 2021e, which would drive total 2021e EBIT to $2B+, LB's best result since 2016,” he wrote.
“This drives our medium-term EPS estimates well above prior expectations (+51% on average) and supports an upgrade,” the analyst added.
LB Price Action: Shares of L Brands had risen by 2.51% to $53.83 at the time of publication Friday.
(Photo: L Brands' Victoria's Secret store)
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.