Analysts at Deutsche Bank downgraded shares of Apple Inc. (NASDAQ: AAPL) from Buy to Hold and lowered the price from $105 to $102.
Sherri Scribner outlined reasons for the downgrade:
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.
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Apple’s ability to surprise consumer base is limited. Analysts feel that iPhone sales expectations are very high, making it difficult for the company to outperform expectations. Moreover, the company has introduced all of its new products, limiting catalysts.
In addition, shares of Apple are fairly valued. Analysts have adjusted estimates to reflect stronger iPhone sales, however, due to limited catalysts Scribner is downgrading to Hold.
Amid the after-hours downgrade, Apple share were recently down about 1 percent at $99.18.
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.