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.
In a report published Friday, Bank of America analyst Robert Ohmes raised the price objective on VF Corp (NYSE: VFC) from $62.50 to $70.00 and maintained a Buy rating.
According to the report, VFC’s decision to raise the price objective was supported by their DCF analysis and is based on 20 times their 2015 EPS estimate of $3.49, a premium to VFC’s historical multiple given an earnings mix shift to higher margin, faster growing segments.
“Risks to the downside are a weakening global retailing environment, macro headwinds in Europe/China, higher-than-anticipated sourcing cost pressures, and higher-than-expected SGA from investments in an expanded owned retail network, a fashion shift away from outdoor lifestyle clothing that could impact the strength in the outdoor coalition, opportunities in M&A may not materialize, and execution risks related to the acquisition and integration of Timberland,” the report said.
VFC closed Thursday at $62.08.
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.
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!