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.
Analysts at Bank of America downgraded shares of Caterpillar Inc. (NYSE: CAT) from Buy to Neutral and lowered the price target to $121 from $125.
Bank of America analysts highlighted several reasons for the downgrade.
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Ross Gilardi finds a lack of international growth from the firms operations, citing negative import growth in China, and Brazil recessionary struggles have slowed growth.
Initial investment thesis has come to fruition. Aalysts initially predicted that Energy & Transportation (formerly Power Systems) would be a “hidden” source of stability. Gilardi stated, “Following signs of an EPS bottom, we argued that CAT could re-rate to an historical 20x trough PE multiple. CAT now trades at 18.7x 2013 (trough) EPS and 17.0x 2014.
Analysts expect 2015 outlook to fall a bit short, expecting a gradual improvement in Mining to be offset by softer non-US construction.
Finally, Gilardi prefers Joy Global and Finning International for mining expose.
Shares of Caterpillar Inc. were down 1.5 percent.
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.