April 8, 2015 10:33 AM | 1 min read |
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.
Shares of
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.
(NYSE: CMI) were trading lower by nearly 1 percent on Wednesday after Goldman Sach's analyst Jerry Revich downgraded shares to Neutral from Buy with an unchanged $155 price target.Revich cited an increasingly challenging multi-year outlook for South America, Asia and Middle East machinery demand, while the company's $2.5 billion U.S. product cycle that has been a central to a positive outlook has been largely realized.Looking to China, Revich estimated the company can see $500 million of end market outgrowth over the next two years driven by Components content on new engines and $350 million of share gains on Foton platforms. By comparison, the analyst noted that the company has gained $2.5 billion of content and share in the U.S. since 2010.Finally, Revich also noted that Cummins is in the middle of integrating its acquired distributions, a move that can enhance capital deployment and is reinforced by long-term management incentives based on returns.
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