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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Argus' Take
Argus' John Eade applauded Parker-Hannifin's Q4 results and share performance, but remains cautious on management's forecasts for 2017, as demand trends lacked stability. Due to Q4 strength, the analyst boosted FY17 EPS forecasts from $6.70 to $6.79 while implementing a FY17 EPS forecast of 7.44.
Eade believes Parker-Hannifin is on track to achieve its long-term goals and eventually being able to generate high single-digit EPS growth.
Costly Shares
Viewing share prices as too high for the stock, Eade reinstated his Neural position on the company. "We will look to get this well-managed company back on the BUY list once the stock's valuation becomes compelling," stated Eade.
According to TipRanks, John Eade has a 79 percent success rate and a +10.6 percent average return per recommendation. Eade is ranked 94 out of 4,124 analysts.
At time of writing, Parker-Hannifin traded at $123.77, down 0.47 percent on Thursday morning.
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.