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.
Goldman Sachs has been wrong about Apple Inc (NASDAQ:AAPL) for a long time, Pete Najarian, co-founder of Market Rebellion, said Wednesday on CNBC's "Fast Money: Halftime Report."
What Happened: Goldman Sachs reiterated its Sell rating and $83 price target after Apple's "Spring Forward" event Tuesday. Morgan Stanley analyst Katy Huberty maintained Apple at Overweight and raised her price target to $158 on Wednesday.
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!
Related Link: Apple Unveils AirTags, New iMac, iPad Pro, Apple TV 4K And More
Huberty is looking at services and wearables, Najarian said. "That's where the margins are and where [Apple] continues to grow," he said.
People are going to continue upgrading their Apple products, he added.
Related Link: Why Analyst Sees AirTags As A $10B Opportunity For Apple
"You've got to listen to Katy" when it comes to Apple, Najarian said, adding Huberty has been right about Apple more than just about any other analyst.
"There are a lot of different categories that I think make Apple really interesting going forward," Najarian told CNBC.
CNBC's Scott Wapner said he normally provides a counter to arguments on the show, but in the case of Apple, he said he did not have one. "The numbers don't lie," Wapner said.
Apple is scheduled to report second-quarter earnings on April 28.
APPL Price Action: Apple was up 0.23% at $133.42 at last check Wednesday afternoon.
(Photo: The recently introduced iPad Pro via Apple.)
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.