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.
BMO Capital Markets is concerned with Infosys Ltd ADR (NYSE: INFY)’s recent FY 2017 revenue guidance cut as it makes difficult for the company to achieve its long-term targets.
Infosys cut its FY 2017 revenue guidance to 8-9 percent year-over-year CC from 10.5-12 percent year-over-year CC on slower spending environment. In addition, the company also cut its FY 2017 margin target to 24-25 percent from 24-26 percent.
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“We think meaningfully lower rev growth this year and next year puts INFY’s goal of $20 billion revenues by CY2020 in serious doubt, requiring annual growth of 22% y/y beyond our current projections,” analyst Keith Bachman wrote in a note.
As such, Bachman slashed its FY 2017 EPS estimates to $0.93 from $0.96 as well as FY 2018 EPS estimates to $1.00 from $1.06.
However, the analyst maintained his Market Perform rating on Infosys, but trimmed his price target to $17 from $19.
“We continue to believe that investors should take a more defensive position within IT Services, and prefer Outperform rated Computer Sciences Corporation (NYSE: CSC),” Bachman added.
At time of writing, shares of Infosys were up 0.57 percent to $15.75.
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.