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.
Workday Inc (NYSE: WDAY) will release its second-quarter results after the close on August 24, and Baird said competition concerns are overblown as its checks suggest a stable demand environment.
The brokerage expects a loss of $0.05 a share, billings of $420.05 million and revenue of $372.5 million versus consensus estimates of $0.02 loss per share, billings of $421 million and revenue of $373 million.
"We think concerns about the competitive environment are somewhat overblown given the singular focus on increased price discounting while overlooking the potential increase number of transactions in play," analyst Steven Ashley wrote in a note.
Ashley, who has an Outperform rating and $85 target price on the stock, said the majority of channel partners say a company running Workday HCM had competitive advantage over direct competitors running legacy HCM systems. Also, the majority of partners believe it is easier to implement Workday than Oracle Corporation (NYSE: ORCL)'s Fusion.
The brokerage said most partners felt they would not be surprised to see Workday land a marquee of financials customers in the next six months.
At time of writing, Workday was trading at $80.04, up 1 percent on the day. Based on Monday's close, the price target of $85 represents a potential return of 7 percent.
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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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