Categories: Momentum Trader Alert HotlinesStock Market News

A Lithium Momentum Play and Booking a Pair of Triple-Digit-Percentage Option Gains

An increasing number of momentum plays that pop up on my screens are coming from emerging markets.

This week’s Momentum Trader Alert recommendation is a stock that dominates the Chilean stock market. So far, Chile is the ninth-best-performing global stock market in 2017. By way of comparison, the U.S. stock market ranks 41^st on that same list.

Sociedad Quimica y Minera de Chile S.A. (SQM) produces fertilizer and iodine and manufactures industrial chemicals and iodine derivative products. The company sells its products in more than 60 countries throughout the world. SQM is also the world’s largest producer of lithium. Strong second-quarter earnings have been behind the stock’s recent momentum.

Sociedad Quimica y Minera de Chile S.A. (SQM) versus the S&P 500 over three months

Momentum Trader Alert Analysis

Recommendation

Buy Sociedad Quimica y Minera de Chile S.A. (SQM) at market today and place your stop at $41.00.

With the stock rising sharply on Friday, I am holding off on recommending any options this week.

Portfolio Update

Sell your remaining CBOE September $90 calls for a 154.15% gain.

Sell your remaining AABA October $55 calls for a 132.56% gain.

China Internet play Momo Inc. (MOMO) stopped out on Aug. 22 at $40.37 for a 5.02% gain.

Asset manager Invesco plc (IVZ) stopped out Aug. 24 at $32.50 for an 8.36% loss.

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.