UPDATE: Deutsche Bank Downgrades KLA-Tencor Corporation to Sell on Demand Challenges


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.


Deutsche Bank reduced its rating on KLA-Tencor Corporation (NASDAQ: KLAC) from Hold to Sell and lowered its price target from $56 to $44. Deutsche Bank noted, "We expect improving 28nm yields to negatively impact demand for process control equipment in the foundry sector and see risk of a multi-quarter bookings slowdown in 2013. With shares trading near 52-week highs, at a premium valuation and considering high investor expectations, we recommend investors take profits as we see downside to ~$40-$45 levels." KLA-Tencor Corporation closed at $52.98 on Monday.

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.


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!

Posted In: Analyst ColorDowngradesPrice TargetPre-Market OutlookAnalyst RatingsDeutsche Bank