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.
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U.S. stock futures traded lower in early pre-market trade. Futures for the Dow Jones Industrial Average fell 21 points to 18,503.00, while the Standard & Poor’s 500 index futures declined 1.25 points to 2,175.75. Futures for the Nasdaq 100 index slipped 1 point to 4,797.00.
Oil prices traded lower as Brent crude futures declined 0.75 percent to trade at $48.86 per barrel, while US WTI crude futures also fell 0.77 percent to trade at $46.22 a barrel.
The Federal Open Market Committee will issue minutes of its latest meeting at 2:00 p.m. ET. Could the Fed derail this market rally?
BZ News Desk
Lowe's (NYSE: LOW) Q2 EPS $1.31 vs $1.41 est, Revenue $18.26B vs $18.45B est
Staples (NASDAQ: SPLS) Q2 EPS $0.12 vs $0.12 est, Revenue $4.75B vs $4.77B est
Cree (NASDAQ: URBN) Reports Q4 EPS $0.19 vs $0.20 Est, Rev $388.4M vs $385.83M Est
Popeye's Louisiana Kitchen (NASDAQ: PLKI) Reports Q2 Adj EPS $0.47 In-Line, Revenues $61.7M vs $63.39M Est
Target (NYSE: TGT) Q2 EPS $1.23 vs $1.12 est, Revenue $16.17B vs $16.18B est
JA Solar (NASDAQ: JASO) Reports Q2 Adj. EPS $0.31 vs. Prior Year Quarter $0.25, Rev. $619M
Sell-Side Themes
Nearly all the major firms raised their price target by $3-4 on Urban Outfitters (NASDAQ: URBN) following its big Q2 EPS beat of $0.66 vs. $0.56 estimates, with sales of $891 million vs. $886.8 million estimates.
Sell-Side's Most Noteworthy Calls
Susquehanna downgraded Mosaic (NYSE: MOS) to Neutral.
Goldman Sachs downgraded Dicks (NYSE: DKS) to neutral.
Morgan Stanley upgraded Valeant (NYSE: VRX) to Overweight.
Piper Jaffray upgraded IHS Markit (NASDAQ: INFO) to Overweight.
Raymond James initiated coverage on Hewlett Packard (NYSE: HPE) at Market Perform.
Longbow started Garmin (NASDAQ: GRMN) at Neutral.
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Deal Talk
Univision has won the auction for Gawker Media. The TV network and digital publisher has agreed to pay $135 million for the bankrupt blog network, according to a person familiar with the deal.
Bayer (OTC: BAYRY) could launch a hostile bid for Monsanto (NYSE: MON), according to sources as reported by Handelsblatt. A quote from Bayer CEO Werner Baumann that he is “absolutely determined to complete this transaction,” was mentioned in the article as the basis for a potential hostile bid.
Shares of GNC (NYSE: GNC) spiked higher Tuesday, as Deal Reporter said the vitamin chain will begin their sale process next month, according to sources. GNC did not respond to requests for comment.
In The News
Cisco Systems (NASDAQ: CSCO) is laying off about 14,000 employees, representing nearly 20 percent of the network equipment maker's global workforce, technology news site CRN reported, citing sources close to the company.
Donald Trump's campaign is undergoing a major staff shakeup adding two officials to top posts overseeing his struggling campaign. Trump has named Steve Bannon, the executive chairman of Breitbart News and a former investment banker, to the post of chief executive and promoted Kellyanne Conway, a senior adviser and pollster to his campaign, to the position of campaign manager. In a text to Washington post, a Trump aide said, "Buckle up."
Blogosphere
Most unstable part of the U.S. economy: What is the current potential candidate for causing the next crash?
Trending
VRX CSCO TGT MEET URBN LOW ATVI ANET SPLS CREE MOMO PLCE JASO TJX CTAS RIG
American Kerri Walsh Jennings’s hopes for a fourth consecutive gold medal in beach volleyball came to an end in a bruiser of a semifinal match as Brazilians Ágatha Bednarczuk and Bárbara Seixas downed Walsh Jennings and April Ross in straight sets. #Rio2016
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.