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.
US stocks remained lower toward the end of trading, with the Nasdaq dropping 150 points on Friday.
The Dow traded down 0.39% to 34,178.62 while the NASDAQ fell 1.1% to 13,567. The S&P also fell, dropping, 0.55% to 4,356.37.
Check this out: Boeing And 3 Other Stocks Bought By Insiders
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Leading and Lagging Sectors
Consumer staples shares slipped by just 0.3% on Friday. Meanwhile, top gainers in the sector included Local Bounti Corporation (NYSE:LOCL), up 3% and Landec Corporation (NASDAQ:LNDC) up 2%.
In trading on Friday, information technology shares tumbled by 1.4%.
Top Headline
Deere & Company (NYSE:DE) reported better-than-expected results for its first quarter and raised profit guidance.
Deere posted quarterly earnings of $2.92 per share, beating market estimates of $2.26 per share. The company’s quarterly sales came in at $9.57 billion, versus expectations of $8.19 billion.
Deere boosted its FY22 net income guidance from $6.5 billion-$7 billion to $6.7 billion-$7.1 billion.
Equities Trading UP
T2 Biosystems, Inc. (NASDAQ:TTOO) shares shot up 14% to $0.4579 after the company reported better-than-expected Q4 EPS and sales results.
Shares of Quidel Corporation (NASDAQ:QDEL) got a boost, shooting 11% to $98.21 after reporting strong Q4 results.
AMN Healthcare Services, Inc. (NYSE:AMN) shares were also up, gaining 10% to $102.96 after the company reported better-than-expected Q4 EPS and sales results. The company also issued Q1 sales guidance above analyst estimates and added $300 million to its buyback.
Also check out: Executives Sell Over $50M Of 4 Stocks
Equities Trading DOWN
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Guardion Health Sciences, Inc. (NASDAQ:GHSI) shares tumbled 45% to $0.2029. Guardion Health Sciences priced its 37 million share offering for gross proceeds $11.1 million.
Shares of Redfin Corporation (NASDAQ:RDFN) were down 25% to $21.58 after the company reported Q4 earnings results and issued Q1 sales guidance. RBC Capital downgraded Redfin from Outperform to Sector Perform and lowered the price target from $60 to $23.
Doma Holdings Inc. (NYSE:DOMA) was down, falling 30% to $2.3601 after the company reported Q4 earnings results.
Also check out: U.S. Xpress Enterprises And 4 Other Penny Stocks Bought By Insiders
Commodities
In commodity news, oil traded down 0.7% to $91.14, while gold traded down 0.2% to $1,898.20.
Silver traded up 0.4% Friday to $ 23.97 while copper fell 0.1% to $4.5215.
Euro zone
European shares closed lower today. The eurozone’s STOXX 600 fell 0.81%, London’s FTSE 100 fell 0.32%, while Spain’s IBEX 35 Index fell 0.94%. The German DAX fell 1.47%, French CAC 40 dropped 0.25% and Italy’s FTSE MIB Index fell 0.61%.
The Euro Area current account surplus shrank to EUR 35.6 billion in December from EUR 42.3 billion in the year-ago month. Retail sales in the UK rose 1.9% from a month earlier in January
French consumer price inflation rate was confirmed at 2.9% year-over-year in January, while unemployment rate in the country dropped to 7.4% in the fourth quarter from a revised 8.0% in the prior period.
Economics
U.S. existing home increased 6.7% to an annual rate of 6.5 million in January.
The index of leading economic indicators fell 0.3% for January.
The total number of active U.S. oil rigs rose by 4 to 520 rigs this week, Baker Hughes Inc reported.
Check out this: Boeing And 3 Other Stocks Bought By Insiders
COVID-19 Update
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 79,915,730 cases with around 955,490 deaths. India confirmed a total of at least 42,780,230 cases and 510,930 deaths, while Brazil reported over 27,941,470 COVID-19 cases with 641,990 deaths. In total, there were at least 420,751,330 cases of COVID-19 worldwide with more than 5,883,740 deaths.
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.