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.
Morgan Stanley’s Thomas Allen downgraded the rating on the Lodging Industry to In-Line, mentioning that the stocks had gained 16 percent in the last 30 days.
While historical mid-cycle multiples have been in the 11-12x range and lodging companies are better run now, in terms of higher ROIC and SS margins, than they were in previous cycles, concerns surrounding another recession in the near term suggest that mid-cycle multiples are no longer appropriate, analyst Thomas Allen commented.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Hyatt Hotels And Xenia Hotels
Morgan Stanley downgraded the ratings for Hyatt Hotels Corporation (NYSE: H) and Xenia Hotels & Resorts Inc (NYSE: XHR) to Equal-weight, while maintaining the price targets at $48 and $17, respectively.
Allen sees a more balanced risk/reward, since the stocks of the two companies have appreciated 20 percent and 12 percent, respectively, in the last one month. While Hyatt Hotels continues to have an attractive balance sheet and Xenia Hotels has significant underappreciated assets, these catalysts will take a long time to play out.
Starwood Hotels
Allen downgraded the rating for Starwood Hotels & Resorts Worldwide Inc (NYSE: HOT) to Equal-weight, while raising the price target from $72 to $77, to reflect the mid-point of two takeout offers received by the company.
Starwood Hotels’ shares had reached within 5 percent of the recent Anbang takeout offer of $80 including Vistana. The offer price of $80 is higher than the implied $73 accepted offer from Marriott International Inc (NASDAQ: MAR), Allen stated.
La Quinta Holdings
Morgan Stanley downgraded the rating for La Quinta Holdings Inc (NYSE: LQ) to Equal-Weight, while reducing the price target from $13 to $12.
The analyst mentioned that the company’s high exposure to the oil market is a major headwind, since oil prices are expected to decline this year. The 2016 EBITDA estimate has been reduced from $369 million to $364 million.
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.