Categories: Momentum Trader Alert HotlinesStock Market News

‘Off to the Races’ and Locking in a Triple-Digit-Percentage Gain

You have lots of activity in this week’s Momentum Trader Alert.

This week, I am recommending that you sell an option to lock in a triple-digit-percentage gain and to raise your stops in four stock positions to lock in 20% and 10% gains.

I also am making a new options recommendation in one of your existing holdings. Make sure you review the details in the Portfolio Update section below.

This week’s Momentum Trader Alert recommendation bets on a familiar name to sports car enthusiasts across the globe.

Headquartered in Maranello, Italy, Ferrari N.V. (RACE) is engaged in designing, manufacturing and selling sports cars. Its products include sports car models consisting of the 458 Italia, 488 GTB, 458 Spider, 488 Spider, F12 Berlinetta, 458 Speciale and 458 Speciale A, as well as two grand tourer (GT) cars: California T and FF. Ferrari operates primarily in Europe, the Middle East, India, Africa, the Americas, Greater China and the rest of the Asia-Pacific region.

Ferrari N.V. (RACE) versus the S&P 500 year to date.

Momentum Trader Alert Analysis

Recommendation

Buy Ferrari N.V. (RACE) at market today and place your stop at $82.00.

I am holding off on recommending options for now as last week’s sharp move upwards has made the options very expensive.

Portfolio Update

Options

Sell your remaining Broadcom Limited (AVGO) July $210 calls for a 163.64% gain.

Your position in Momo Inc. (MOMO) is technically oversold. So this week, I am recommending that you buy the MOMO July $35 calls (MOMO170721C00035000), which last traded at $4.63 and expire on July 21.

Stocks

You now have four double-digit-percentage gainers in your Momentum Trader Alert portfolio.

Raise your stops to the following amounts to lock in these solid gains.

Raise your stop in Cooper Companies (COO) to $236.15 to lock in a 20% gain.

Raise your stop in Broadcom Ltd. (AVGO) to $248.50 to lock in a 10% gain.

Raise your stop in Stryker Corp. (SYK) to $141.90 to lock in a 10% gain.

Raise your stop in Albemarle Corp (ALB) to $112.15 to lock in a 10% gain.

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.