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.
IAC/InterActiveCorp (NASDAQ:IAC) may have more room to the upside. Jefferies has upgraded the internet stock to Buy, and analyst Brian Fitzgerald said investors aren’t fully appreciating the value of the company’s key brands.
Strength In Match, HomeAdvisor Bolsters IAC
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According to Fitzgerald, the strong growth in Match Group Inc (NASDAQ:MTCH) and HomeAdvisor suggests IAC stock has room to run.
Jefferies recently initiated coverage of Match at Buy, and Fitzgerald sees Tinder as a particular bright spot.
The Tinder Element
“We believe that Match is positioned favorably given the strength of Tinder and positive industry tailwinds within online dating,” Fitzgerald explained.
Jefferies is projecting paid member count growth of 74 percent for Tinder in 2017. The firm is also projecting overall PMC growth of 16 percent for Match Group as a whole, slightly ahead of the company’s guidance of 15 percent growth.
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In addition to Match Group, Jefferies projects 35 percent revenue growth from HomeAdvisor this year after the company delivered 38 percent revenue growth in 2016. Fitzgerald also noted that Vimeo’s new direct-to-consumer offering could supply additional revenue upside for IAC this year.
Looking ahead, Fitzgerald expects all of IAC’s businesses to focus on the mobile market in 2017. IAC’s mobile revenue jumped 170 percent in Q4.
In addition to the Buy rating, Jefferies has upped its price target for IAC stock from $85 to $92.
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InterActive Corp's Value-Creating Track Record Speaks For Itself
Match Group's Tinder Well Positioned In The Online Dating Market; Citi Initiates At Buy__________Image Credit: By ~~×α£đ~~es (Own work) [GFDL (http://www.gnu.org/copyleft/fdl.html) or CC BY-SA 3.0 (http://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons
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.