Categories: Momentum Trader Alert HotlinesStock Market News

Money Manager with Momentum

With the S&P 500 closing on Friday at the same level as it did on May 31, it is clear that there hasn’t been a lot of momentum in the U.S. stock market recently.

Still, there are stocks that are breaking out to the upside.

This week’s Momentum Trader Alert recommendation, Invesco Ltd. (IVZ), is one of them.

Invesco is an independent global investment manager operating in more than 20 countries in North America, Europe and the Asia-Pacific. Invesco offers a comprehensive array of investment services to retail and institutional investors in more than 100 countries.

Invesco Ltd. (IVZ) versus the S&P 500 year to date.

Momentum Trader Alert Analysis

Recommendation

Buy Invesco Ltd. (IVZ) at market today, and place your stop at $32.50.

If you want to play the options, I recommend the IVZ October $35 calls (IVZ171020C00035000), which last traded at $1.80 and expire on Oct. 20.

Portfolio Update

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.