Categories: Momentum Trader Alert HotlinesStock Market News

Recommending a Momentum Play from London

With U.S. stocks trading in a choppy manner, you hit two more stops on your Momentum Trader Alert positions this past week.

Albemarle Corp. (ALB) stopped out on June 12 at $112.15 for a 10.35% gain. In addition, Nanometrics, Inc. (NANO) stopped out on June 14 at $26.50 for a 13.57% loss.

This week’s Momentum Trader Alert recommendation takes you to London, England, with Aon PLC (AON). This insurance giant provides risk management services, insurance and reinsurance brokerage, and human resource consulting and outsourcing services worldwide.

Aon PLC (AON) versus the S&P 500 year to date.

Momentum Trader Alert Analysis

Recommendation

Buy Aon PLC (AON) at market today and place your stop at $130.00.

If you want to play the options, I recommend the AON October $135 calls (AON171020C00135000), which last traded at $5.17 and expire on Oct. 20.

Portfolio Update

With several positions pulling back but still in long-term uptrends, I am making the following option recommendations if you want to take on more risk

Buy the Intuitive Surgical (ISRG) October $920 calls (ISRG171020C00920000), which last traded at $49.10 and expire on Oct. 20.

Buy the Mastercard (MA) September $120 calls (MA170915C00120000), which last traded at $5.55 and expire on Sept. 15..

Sincerely,

Nicholas Vardy

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.