UPDATE: Stifel Nicolaus Initiates Buy, $59 Target on Eaton Corporation - Eaton Corp (NYSE:ETN)

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.

Stifel Nicolaus initiates its coverage on Eaton Corporation (NYSE: ETN) with a Buy rating and a price target of $59 on growth an margin expansion outlook. Stifel Nicolaus says, "Although Eaton operates in cyclical end markets, the company has a good mix of early, mid, and late cycle end markets. Even though growth rates inindustrial, data center construction, and certain power quality markets appear to be slowing, growth in industrial construction, aerospace, U.S. heavy truck, and U.S. auto markets is accelerating. We forecast a 6% organic revenue CAGR over the next four years."ETN closed at $49.01 a share yesterday.

27% profits every 20 days?

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