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.
Credit Suisse’s Edward J. Kelly expects Wal-Mart Stores, Inc. (NYSE: WMT) to provide key updates on its three-year plan when the company hosts its 2016 investor day on October 6.
Kelly maintains an Outperform rating on the company and a price target of $80.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Updates
The analyst expects Wal-Mart to focus on drivers of prolonged traffic growth given that the gas benefit is now lapping.
Kelly also expects the company to provide an update on its e-commerce strategy and outlook for price cuts, as well as an update on its international strategy and initiatives to improve its share of fresh food.
Want Private Access to Benzinga Analyst?
Check out the latest strategies our team of experts are using every week so that you can always adapt to the market like the pros!—Get FULL Access to This Week's Webinar Here.
Stock Performance
“Overall, the day may present some risk to WMT's stock given the potential for a material ramp in e-commerce losses in 2017, but this concern is not new at this point,” the analyst mentioned.
Kelly also expressed concern regarding the impact of Wal-Mart’s stock on that of its competitors, such as dollar stores and food retailers, given the company’s “disruptive mindset,” which is an industry headwind.
Sustained Traffic Needed
Noting that sustained traffic gains would be critical, especially given the lack of meaningful bottom line growth, the analyst stated Wal-Mart has “outperformed staples peers from a top-line perspective despite beginning to cycle investments in customer service and tailwinds from lower gas prices.”
Full ratings data available on Benzinga Pro.
Do you have ideas for articles/interviews you'd like to see more of on Benzinga? Please email feedback@benzinga.com with your best article ideas. One person will be randomly selected to win a $20 Amazon gift card!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.