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.
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Guidance Update
Ford guided its total 2017 adjusted pre-tax profit to around $9 billion, which would mark a decrease from 2016's levels. The report attributed the decrease in income to ongoing investments in emerging opportunities.
Moreover, Ford is guiding its fiscal 2017 earnings per share to a range of $0.30 to $0.35, which also marks a decrease from the same quarter a year ago. The company highlighted higher costs, including commodities, warranty and investments in emerging opportunities as well as lower volume and unfavorable exchange rates.
Meanwhile, Wall Street analysts were expecting Ford to earn $0.47 per share in the fiscal first quarter.
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'Let's Chat'
The presentation will begin at 10:00 a.m. ET and will consist of a Shanks' prepared comments following by a question-and-answer session with industry analysts.
Presentation Highlights
Here are some of the notable highlights from Ford's presentation.
- Global auto sales for the entire industry are expected to rise from 91.3 million units in 2016 to 92.9 million units in 2017 and 94.6 million units in 2018.
- China will continue being the world's largest market but demand may have already plateaued due to receding tax cut benefits this year and next.
- Year-to-date trends in the U.S. market shows a more attractive sales mix of higher margin SUVs and trucks.
- SUV sales are also expected to rend higher across Europe and China.
- Incentives growth in the U.S. remains below the industry average so far this year.
- F-150 and Super Duty were singled out as performing "particularly well" this year with year-over-year incentive spending down 0.8 percentage points.
- Changes to tax reform, NAFTA renegotiation and infrastructure spending bode well for Ford's positioning.
- Efforts to improve European and Emerging Market segments remain ongoing.
- Ford Credit continues to produce consistent and predictable results.
- Progress continues to be made in the future of automotive, including autonomous driving.
Automakers Move Lower
Ford's cautionary guidance prompted a selloff in other automakers shortly after Thursday's opening bell.
- Shares of Fiat Chrysler Automobiles NV (NYSE:FCAU) lost 2.73 percent.
- Shares of General Motors Company (NYSE:GM) lost 0.52 percent.
- Shares of Toyota Motor Corp (ADR) (NYSE:TM) lost 0.42 percent.
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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.