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.
Mizuho analyst Dan Dolev maintains PayPal Holdings Inc (NASDAQ:PYPL) with a Buy and lowers the price target from $100 to $92.
- The price target reflects the discount to Visa Inc (NYSE:V) & Mastercard Inc (NYSE:MA), given slowing e-commerce trends and potential signs of softness in branded checkout trends.
- Assessing outgoing web traffic from key PYPL partners like Etsy Inc (NASDAQ:ETSY) and Nike, Inc (NYSE:NKE) indicates a further step-down in its traffic share.
- Dolev values PayPal relative to the U.S. legacy payments group.
- Dolev believes the conservative 2023 guide, which assumes discretionary spending remains 'under pressure,' should help PYPL meet its +18% EPS growth target.
- The macro, which remains resilient, likely outperformed management's 'worst case' expectations YTD.
- Dolev's analysis shows that PYPL has the cost levers to navigate potential e-comm checkout softness and meet or exceed EPS guidance.
- PYPL's upcoming new CEO announcement is yet another potential catalyst. However, PYPL should favor a visionary CEO instead of an operator to make it a positive one.
Price Action: PYPL shares traded lower by 2.32% at $74.64 at the time of publication Wednesday.
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.
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