UPDATE: Credit Suisse Raises PT to $30 on EMC Corp, Maintains Outperform


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.


Credit Suisse reiterates its Outperform rating on EMC Corp (NYSE: EMC) and raises its price target up $3 to $30 on company's double digit growth outlook. Credit Suisse says, " Solid Q4 results and outlook. EMC reported strong Q4 results, where EPS beat Credit Suisse/Street estimates by 7%. 2012 guidance (revenue of $22bn, +10% y/y and EPS of $1.70) while in-line with Street estimates was ahead of investor expectations. Management reiterated LT guidance of 13%+ revenue growth with earnings growth to exceed revenue growth. We raise our 2012 EPS to $1.73 (from $1.70) and introduce our 2013 EPS of $1.95."EMC closed at $25.14 a share on Tuesday.

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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Posted In: Analyst ColorPrice TargetReiterationPre-Market OutlookAnalyst RatingsCredit Suisse