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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Alcoa
The consensus forecast from Wall Street analysts calls for per-share earnings to have increased from $0.18 in the year-ago period to $0.23. Note that the forecast has dropped by a couple of pennies in the past 60 days, but analysts have underestimated EPS in the past four quarters by as much as eight cents. The revenue forecast for the second quarter is $5.79 billion. That would be down fractionally from in the same quarter of last year. Note that revenues fell short of expectations in the previous period, and the decline is expected to be by more than 5 percent in the current period, which ends in September.For another take on what to expect: The consensus earnings estimate from 44 Estimize survey respondents is $0.27 per share, with a revenue forecast of $5.91 billion.Look for the world's third largest producer of aluminum to release its latest results Wednesday after the regular trading session ends.Want Private Access to Benzinga Analyst?
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PepsiCo
Walgreens
The Illinois-based specialty retailer will post fiscal third-quarter EPS of $0.87 and $29.67 billion in revenue, if the Wall Street consensus forecast is accurate. That would compare to $0.91 per share and $19.40 billion in the same period of last year. Note that the EPS expectations have not changed in the past 60 days.The consensus of 14 Estimize estimates has EPS of $0.89 and revenue totaling more than $30.28 billion for the period, so again a bit more optimistic than Wall Street. But like the analysts, Estimize way underestimated EPS back in the second quarter.During the third quarter, shares of Walgreens hit a post-merger high around the time of its analysts meeting in April. It continues to be one of the most popular retailers in the United States. Like PepsiCo, the company will step into the earnings spotlight Thursday before the opening bellSee also: Family Dollar's Q3 Was Disappointing, But MKM Says It's A Non-EventAnd Others
Earnings growth is also anticipated from A. Schulman, Barracuda Networks, Grupo Televisa and WD-40 when they report their latest results this week. But MSC Industrial Direct and Synergy Resources will show earnings declines, and NovaGold Resources will report a net loss, if Wall Street analysts are correct.The new earnings ramps up next week, with reports due from Bank of America, Delta Air Lines, General Electric, Google, Goldman Sachs, Intel, Johnson & Johnson, Netflix, Wells Fargo and many others.Keep up with all the latest breaking news and trading ideas by following Benzinga on Twitter.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.