On Thursday analysts at Morgan Stanley reiterated the Overweight rating on Foxconn Technology (TPE: 2354) following the company’s strong third quarter results.
Sharon Shih stated, “We retain our 2014 EPS estimate at NT$6.80 but believe the risk is skewed to the upside with sustained metal casing business in 4Q. We expect extended iPhone 6 Plus stocking and order increases into 1Q15 to trigger a catch-up rally for Foxconn Tech.”
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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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 addition, Shih writes, “Gross margin was 2.9ppt better thanks to 1) better product mix with higher contribution from high-margin metal casing business, driven by iPhone 6 and 6 Plus; 2) above-peers production yield; and 3) larger scale.”
Shares of Foxconn recently traded at $83.80 up 2.2 percent.