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.
Ingram Micro (NYSE: IM) shares fell 1.6 percent Friday despite positive analyst comments following a meeting with managers.
The supply management and logistics company told analysts Thursday to expect 2016 earnings of $3.40 to $3.70 per share and annual revenue growth of four percent to six percent through 2016.
Earnings for 2013 were $1.90 per share, on $42.55 billion.
Ingram shares have outperformed the market substantially, up 22.5 percent in the year-to-date versus 5.8 percent for the S&P 500.
"But we still think the stock is unappreciated," a recent restructuring and shift to higher margin products, said Citi's Jim Suva, who called Ingram "a compelling story."
Suva maintained a Buy on the shares and boosted his earnings estimate to $.3.55 from $3.35. Suva's target is $35.
Raymond James' Brian G. Alexander maintained a Strong Buy on the share and said information supplied Thursday by the company implied 2016 earnings will be higher than current Wall Street expectations.
Alexander didn't supply his current estimates for the period nor a price target.
Ingram traded recently at $28.73, down nearly 1.6 percent.
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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