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.
WhiteWave Foods Co (NYSE: WWAV) rallied 7 percent on Tuesday, following the announcement of the 1Q16 results, which included 8 percent year-on-year organic sales growth.
Barclays’ Andrew Lazar maintained an Overweight rating on the company, while raising the price target from $45 to $51.
Relief Rally
“Although WWAV shares had rebounded somewhat heading into 1Q16 results, we believe some investors continued to harbor concerns over the company’s ability to hit its +HSD YOY organic growth goal for the full year,” Lazar mentioned.
This is especially true, given that the underlying scanner trends, ex-Earthbound, while being robust, have recently seen modest deceleration.
The analyst pointed out that the rally in the stock following 1Q16 results announcement was a “relief rally.”
Despite the expected headwind at Earthbound, WhiteWave Foods reported overall organic sales growth of 8 percent.
“We see this performance as improving visibility to WWAV’s full-year organic sales target,” Lazar stated, while adding that the high end of the company’s +HSD year on year target might not be out of reach.
The company witnessed especially robust performance in the Americas, “with +HSD YOY organic growth in each of plant-based beverages, premium dairy, and coffee creamers & beverages.”
Lazar believes “investors are increasingly giving WWAV more credit for the sustainability of its non-measured channel opportunity.”
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.
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