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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Specifically, a 1.8 percent U.S. comps growth at the core-Walmart store rose 1.8 percent, in line with management guidance of 1.5–2 percent. Also, Walmart's earnings per share came in just 1 cent better than expected at $1.08.
There were several encouraging aspects of the earnings report beyond the headline numbers, Parikh continued. For instance, U.S. grocery was a "bright spot" as the food category saw its strongest quarterly comp performance in five years. Also, total two-year US comp trends improved by 0.9 percentage points to 3.1 percent from the prior quarter.
Perhaps more important to many investors, online sales remained strong and may signal that eCommerce is "beginning to click" for Walmart.
But at the end of the day, Walmart's earnings were positive, just not good enough to help the stock — a trend clearly playing out within the retail sector.Parikh maintains an Outperform rating on Walmart's stock with an unchanged $90 price target.
Related Links:10 Stocks To Watch For August 17, 2017All The Sell-Side Ratings And Price Targets On Walmart Ahead Of Q2 Earnings27% 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.