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.
Shares of Ingersoll Rand Inc (NYSE:IR) recovered slightly on Tuesday, after the downturn last week.
The recent pullback in the company’s shares and the global short-cycle industrial demand create a “compelling entry point,” according to Stifel.
The Ingersoll Rand Analyst: Nathan Jones upgraded the rating for Ingersoll Rand from Hold to Buy, while keeping the price target at $73.
The Ingersoll Rand Thesis: The short-cycle demand trends appear to be bottoming, with improvement expected in the U.S. and China, both of which are big markets for the company, Jones said in the upgrade note.
Check out other analyst stock ratings.
“Balance sheet optionality provides significant upside,” the analyst wrote. “We believe capital allocation is likely to be a source of value creation with significant financial flexibility and cash generation to deploy in the coming years,” he added.
Jones further stated he expects much of the capital to be used for mergers and acquisitions, with the acquired EBITDA likely to be “leveraged to generate additional capital to be deployed.”
IR Price Action: Shares of Ingersoll Rand closed Tuesday up 0.62% to $59.68.
Photo: Shutterstock
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.
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