You’ve booked a number of solid double-digit-percentage gains in your Momentum Trader Alert portfolio recently, including three just in the last week.
This week’s Momentum Trader Alert identifies yet another stock with solid momentum and excellent potential upside. Founded in 1945 and headquartered in Victor, New York, Constellation Brands, Inc. (STZ) produces, imports and markets beer, wine and spirits in the United States, Canada, Mexico, New Zealand and Italy.
Among many other well-known labels, Constellation offers beer under the Corona Extra, Corona Light and Pacifico brands; wine under the Clos du Bois, Robert Mondavi and Ruffino brands; and spirits under Black Velvet Canadian whisky brands.
Constellation Brands Inc. (STZ) versus the S&P 500 Year to Date
Momentum Trader Alert Analysis
Recommendation
Buy Constellation Brands Inc. (STZ) at market today and place your stop at $166.
If you want to play the options, I recommend the July $180 calls (STZ170721C00180000), which last traded at $6.20 and expire on July 21.
Portfolio Update
Three of your positions hit their tightened stops over the past week, and you booked some solid double-digit-percentage gains.
Healthcare Services Group, Inc. (HCSG) stopped out on May 3 at $45.45 for a 10.13% gain.
CoreSite Realty Corporation (COR) stopped out on May 4 at $95.75 for a 10.94% gain.
Take-Two Interactive Software, Inc. (TTWO) stopped out on May 4 at $63.85 for a 10.03% gain.
Sincerely,
Nicholas A. Vardy
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