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.
Wunderlich has raised its price target on the shares of HSN, Inc. (NASDAQ: HSNI) by $2 to $42, saying the interactive multichannel retailer is devising right strategies to leverage social media such as Facebook Inc (NASDAQ: FB).
Analyst Matthew Harrigan noted that HSN is working closely with Facebook on customer acquisition and putting out the right video content along with Buy buttons for platforms like Facebook, Twitter Inc (NYSE: TWTR) and YouTube.
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!
As Seen On Facebook
“There is ample HSN video on Facebook and it is generally dedicated content that has been facilitated by new creative talent acquired from YouTube and BuzzFeed,” Harrigan wrote in a note.
Harrigan also welcomed HSN’s regularly scheduled programming for Facebook just like for TV, with about 90 Facebook Live segments to date. HSN is also working strategically in leveraging Instagram with beauty brands.
The 2017 Danica Patrick activewear launch in social media and mobile before it was on TV reinforces this strategy.
ICR Conference, Marketing Strategies
Further, the analyst pointed out that many of the retailing and consumer trends laid out at this week's ICR Conference fit perfectly with HSN's biz attributes, especially the advent of mobile as a frequent first touchpoint for the consumer and the importance of social media.
Harrigan, who has a Buy rating on HSN shares, expects 3.3 percent annual sales growth at HSN and 1.9 percent at Cornerstone through 2020. That said, the analyst anticipates “just backloaded” 2.0 percent and 1.6 percent top line growth in 2017.
“We believe that the stock currently prices in just 50 basis points of annual growth through 2020 – although this admittedly assumes 1 percent growth normalization post forecast,” Harrigan added.
Shares of HSN closed Thursday’s trading at $33.65.
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.