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.
“At CES this year, Audi and Mercedes Benz announced self driving car development programs based on NVIDIA Corporation (NASDAQ: NVDA) technology,” reported Jefferies’ Mark Lipacis in a note.
Lipacis maintains a Buy rating on NVIDIA, while raising the price target from $110 to $125.
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Heating Competition
“We think the Audi announcements signal heated competition for self-driving cars, which translates to increased confidence in our three-year $6 EPS earnings power for NVDA,” the analyst mentioned.
At the CES, Audi announced that it had entered into an expanded partnership with Nvidia for the development of a Level 4 capable self-driving car, based on the latter’s technology. The car is expected to be ready for market launch by 2020.
Mercedes Benz also announced its self-driving car program, also based on Nvidia ’s technology, which was expected to be ready by year-end 2017.
Good For NVIDIA
“The increased pace of self-driving car announcements suggests that the competition between Auto-OEMs to launch self-driving cars is heating up, and we expect more announcements between NVDA and Auto OEMs in 2017,” Lipacis stated.
Since NVIDIA is the only company that offers a hardware and software neural-network platform for self-driving cars, the analyst views the increased competition as a positive for the company, and expressed increased confidence in the three-year EPS estimate of $6.
At last check, shares of Nvidia were up 1.27 percent at $104.41.
Image Credit: By The Conmunity - Pop Culture Geek from Los Angeles, CA, USA (CES 2012 - NVIDIA) [CC BY 2.0], via Wikimedia Commons.jpg){kind=link}
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.