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.
With Adobe Systems Incorporated (NASDAQ: ADBE)'s second-quarter earnings expected June 21 after the market close, UBS analyst Brent Thill issued a preview of the company's performance.
Thill maintained a Buy rating and $114 price target on shares of Adobe.
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The analyst called Adobe's subscription "pretty far along." The game plan moving forward, then, should focus on continuing to drive growth in Creative and Marketing Cloud users while maintaining margins and cash flows.
"We expect Q2 results to evidence continued progress following a strong Q1," Thill wrote.
The UBS analyst has modeled for 34 percent year-over-year growth in Creative sales and 17 percent growth in Marketing Cloud.
Thill said expect slight upside to second-quarter numbers as he viewed the company's sequential growth estimate of 1 percent growth as "conservative."
Adobe shares closed up 2.5 percent at $97.99 on Monday.
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.