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.
- Analysts Pacific Crest reiterated an Outperform rating and $800.00 price target on shares of Amazon.com, Inc. (NASDAQ: AMZN) on Monday.
- The experts argued that holiday trends looked robust.
- This reinforces the firm’s view that the company will go on to disrupt the retail space.
Amazon’s holiday trends seemed sturdy, Pacific Crest analysts said in a report issued Monday. The experts estimate that the company’s sales rose 22 percent year-over-year in the fourth quarter of 2015, mainly driven by strong non-apparel growth (probably aided by Star Wars) and robust trends in its apparel business – which is still in its early stages. According to ComScore, Amazon saw the number of unique (desktop) visitors increase by 7.8 percent year-over-year for the November-December period. For its part, ChannelAdvisor estimated a 17 percent holiday sales growth rate.
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While high AWS investments create some margin uncertainty in 2016, the pace of expansion backs the thesis of accelerating cloud share gains, Pacific Crest’s report continued. All of this reinforces the firm’s view that the company will go on to disrupt the retail environment.
A Long-Term Favorite
In line with the arguments above, analysts at Pacific Crest are quite bullish on Amazon, and thus reiterated an Outperform rating and $800.00 price target on the stock, naming it as one of their favorite long-term ideas. The decline of almost 12 percent that the shares saw since the beginning of the year “partially factors in model seasonality and potential margin risk as AWS elevates investments in 2016,” they expounded, recommending to build positions on the weakness.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
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.