UPDATE: Sterne Agee Downgrades Shoe Carnival to Neutral on Multiple Challenges Ahead - Shoe Carnival (NASDAQ:SCVL)

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.

In a report published Monday, Sterne Agee analyst Sam Poser downgraded the rating on Shoe Carnival (NASDAQ: SCVL) from Buy to Neutral.In the report, Sterne Agee noted, “SCVL's customer base has been pressured by the government shutdown, which continues to hurt store traffic. Trends in athletic footwear from key brands are deteriorating in the family footwear channel. There are few fashion footwear trends to offset the weakening athletic sales. No relief in 4Q from earlier tax refunds as was previously expected. Downgrading from Buy to Neutral and lowering FY13 & FY14 EPS estimates from $1.52 & $1.89 to $1.42 & $1.77.”Shoe Carnival closed on Friday at $27.77.

27% profits every 20 days?

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!