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.
"Why Google does not yet appear to have a handle on the situation is worth assessing," Wieser wrote. "Their public statements do not suggest to us that the company appreciates the degree to which advertisers are concerned, and the ongoing announcements of advertisers suspending their activity on Google properties reinforces our view."
Not Just Noise
Wieser suggested it is possible the press and advertisers have alternate motives to "hurt Google rather than something more fundamental." Specifically, press outlets have been "all-too-happy" to highlight Google's failings as a ploy to shame advertisers away from the platform.
But the fact remains that the press wouldn't have a story to cover if there wasn't one to begin with. In other words, if the very real problem didn't exist in the first place, Google wouldn't have anything to worry about.
Finally, the analyst highlighted the fact that many brands are already under pressure to reduce their spending or slow their spending growth and one brand cutting back could result in their peers following suit.
Shares remain Hold rated with an unchanged $950 price target.
Related Links:
Google Downgraded On European Ad ConcernsHere's Every Major Corporation That's Pulled Ads From YouTube27% 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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