Categories: Momentum Trader Alert HotlinesStock Market News

A Momentum Stock with More Than a Fighting Chance

This week’s Momentum Trader Alert recommendation is a media stock with an “entertaining” profile.

Founded in 1980 and headquartered in Stamford, Connecticut, World Wrestling Federation Entertainment Inc. (WWE) is an integrated media and entertainment company principally engaged in the development, production and marketing of television programming, pay-per-view programming and live events. It also licenses and sells branded consumer products featuring the World Wrestling Federation and Raw brands.

J.P. Morgan recently initiated coverage on WWE with an “overweight” rating and $37 price target. That’s over 20% upside from current levels.

World Wrestling Federation Entertainment Inc. (WWE) vs. the S&P 500 over the past 3 months

Momentum Trader Analysis

Recommendation

Buy World Wrestling Federation Entertainment Inc. (WWE) at market today and place your stop at $27.00.

If you want to play the options, I recommend the WWE April $30 calls (WWE180420C00030000), which last traded at $2.30 and expire on April 20.

Portfolio Update

You were stopped out of Lam Research Corp. (LRCX) on Dec. 4 for a 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.