'Overwatch' Success Garners NetEase A 9% PT Bump At Deutsche Bank


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.


Deutsche Bank raised its price target on NetEase Inc (ADR)

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(NASDAQ: NTES) to $207 from $190 given the success of Ghost mobile, "Overwatch" and gross margin improvement for the e-mail/e-commerce business unit.

Han Joon Kim sees the company delivering higher-than-his-estimated 15 percent earnings from improved gross margin for the e-mail/e-commerce business unit and the launch of new games such as "Minecraft" in the second half of 2016.

"We retain our Buy rating and believe the fundamental trends are strong, but we are also cognizant that the stock could tread water in the absence of a strong catalyst near-term," the analyst wrote in a note.

At the time of writing, ADRs of NetEase were down 0.68 percent at $171.78.


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.


Posted In: Analyst ColorLong IdeasPrice TargetReiterationAnalyst RatingsTechTrading IdeasDeutsche Bank