Categories: Momentum Trader Alert HotlinesStock Market News

Another Technology Play Pops up Among Momentum Stocks

With the tech-heavy Nasdaq up 11.42% over the past three months, technology stocks keep popping up as leading momentum plays in the Momentum Trader Alert system.

This week’s Momentum Trader Alert recommendation, Lam Research Corporation (LRCX), designs, manufactures, markets and services semiconductor processing equipment used in the fabrication of integrated circuits. Lam also is a leading supplier of front-end wafer processing equipment to the worldwide semiconductor industry.

Lam Research Corporation (LRCX) vs. the S&P 500 over six months.

Momentum Trader Alert Analysis

Recommendation

Buy Lam Research Corporation (LRCX) at market today, and place your stop at $116.00.

I am holding off on recommending options on this position for now.

Portfolio Update

Compared to the major U.S. stock market averages which essentially closed flat, your Momentum Trader Alert portfolio had a strong week. Two positions rallied over 5%. Overall, nine of 12 positions closed in the plus column.

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.