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.
In a report issued Monday morning, RBC Capital Markets analyst Ross MacMillan upgraded shares of Oracle Corporation (NYSE: ORCL) from Sector Perform to Outperform.
The Upgrade And PT Adjustment
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The upgrade seeks to reflect a more bullish view on the company's cloud growth (both applications and platform) and a reiteration of the firm's belief that "the database business can show improving fundamentals over the next 12-18 months as 12C adoption accelerates."
The price target was also raised from $48 to $50. While estimates remained unchanged (EPS of $2.84 in 2015, $2.99 in 2016 and $3.29 in 2017), a higher multiple (15X FY17E EPS at end FY16 (May 2016) was used to reflect RBC's higher conviction of stronger underlying growth.
Related Link: Oracle Expectations Remain "Stubbornly High," According To Wedbush; Neutral Reiterated
What's Going On
According to the report, cloud applications and platform are accelerating: the firm takes "3 cuts at analyzing the business and all three suggests growth is accelerating [sic.]."
In addition, their takeaways from last week's HCM event suggest that "large cloud HCM customer references are building, the product portfolio is improving and the company's approach to selling cloud vs. on-premise has improved."
Finally, MacMillan reiterated his optimism on the database business.
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.