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.
Goldman Sachs’ Heather Bellini believes Google Cloud Platform (GCP) “has the technical capabilities and innovative services required to potentially increase market share from 3 percent in CY16 to 13 percent in CY20, becoming the #3 vendor over the next 5-10 years.”
Bellini maintained a Buy rating on Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL), with a price target of $970.
The stock had been among the tech stocks that had seen a selloff following the election of Donald Trump as the next president of the United States.
\Where Is The Cloud Going?
Following the hiring of Diane Greene in November 2015, there have been key changes in GCP’s leadership team. Alphabet is also building out the product line for this business segment, as well as its data center footprint.
In addition, GCP has achieved key enterprise wins, which Bellini believes demonstrate the commitment of the business to help the migration of enterprises to the cloud.
The analyst believes GCP can add 100–400 bps to Alphabet’s revenue growth annually during CY 2017–2020, although it might dilute margins by 30–60 bps during the same period.
Market Share
Bellini also expects the company to grow from having 2 percent market share in CY 2015 to 13 percent share in CY 2020 to become the third largest vendor in 2020.
On November 15, Alphabet had announced the formation of an artificial group for GCP in an attempt to increase its market share.
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.
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