Categories: Momentum Trader Alert HotlinesStock Market News

A Surgical Technology Play Shows a Lot of Momentum

This week’s Momentum Trader Alert recommendation combines two strong sector themes in the U.S. stock market: technology and health care.

Founded in 1995 and headquartered in Silicon Valley’s Sunnyvale, California, Intuitive Surgical, Inc. (ISRG) designs and manufactures the da Vinci Surgical System. The system translates the surgeon’s natural hand movements into corresponding micro-movements of instruments positioned inside the patient through small puncture incisions, or ports.

Goldman Sachs initiated coverage of Intuitive Surgical last week with a buy rating and put a $1,000 price target on the stock.

Intuitive Surgical, Inc. (ISRG) versus the S&P 500 over the last three months.

Momentum Trader Alert Analysis

Recommendation

Buy Intuitive Surgical, Inc. (ISRG) at market today and place your stop at $800.00.

If you want to play the options, I recommend the ISRG July $880 calls (ISRG170721C00880000), which last traded at $22.00 and expire on July 21.

Portfolio Update

It was a volatile week for some of your Momentum Trader Alert positions.

You stopped out of MKS Instruments, Inc. (MKSI) on May 18 for a 15.06% gain.

You stopped out of last week’s bet on Brazil, Ultrapar Participacoes S.A. (UGP), for a quick loss after an unexpected presidential scandal rocked the Brazilian stock market.

Sincerely,

Nicholas A. Vardy

Nicholas Vardy

Nicholas Vardy has a unique background that has proven his knack for making money in different markets around the world. He was the Editor of The Global Guru, a free weekly e-newsletter, and also edited the trading services Momentum Trader Alert, which focused on making short-term profits in the hottest markets in the world, and The Alpha Algorithm, which was designed specifically to deliver big, fast triple-digit winners, month after month. He was also the editor of Smart Money Masters, a monthly service focused on longer term investments recommended by the brightest minds in the business. Mr. Vardy has been a regular commentator on CNN International and the Fox Business Network. He has also published articles in The New Republic, The World and I, and The Baker & McKenzie Legal Review. The Global Guru/Nicholas Vardy has been cited in The Wall Street Journal, Newsweek, Fox Business News, CBS MarketWatch, Yahoo! Finance, and MSN Money Central. Mr. Vardy graduated from Stanford with a B.A. — with honors and distinction — in both Economics and History, and he also earned an M.A in Modern European Intellectual History. After winning a Fulbright Scholarship, he earned a J.D. degree at Harvard Law School where he was an editor of the Harvard International Law Journal. When not uncovering investment opportunities for his subscribers and investors, Mr. Vardy is a keep-fit enthusiast and an avid student of classical music.