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.
- DA Davidson analyst Linda Bolton Weiser reiterated a Buy rating on the shares of E.L.F. Beauty, Inc. (NYSE:ELF) and raised the price target from $91 to $110.
- The analyst notes CEO and CFO seemed confident in ELF's growth prospects.
- The analyst views getting more shelf space at Walmart Inc. (NYSE:WMT) and U.S. drug stores as ELF's biggest opportunity.
- The analyst said the company can continue to grow without margin dampening infrastructure investments, for the time being.
- Marketing return on investments are still increasing, and even with spending now at 19% of sales, the analyst thinks higher future ratios are possible.
- Management believes the ELF brand has a strong competitive moat, in that it holds the first or second market share position in 12 mass color cosmetics sub-categories.
- ELF's large and growing loyalty program enabled it to successfully navigate the online privacy changes that disrupted so many other digital marketers.
- The analyst thinks the management is open to acquiring more brands, but private market valuations still seem slightly elevated; rather than repurchasing stock, they would like to keep some cash as dry powder.
- Price Action: ELF shares are trading higher by 0.41% at $92.96 on the last check 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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