This week’s Momentum Trader Alert recommendation is an international stock bet with a portfolio of recognizable brands to U.S. investors.
Founded in 1886 and headquartered in London, Diageo plc (DEO) is a multinational branded food and drinks company with a whopping $91 billion market cap. Diageo’s portfolio includes world-famous food and drinks brands such as Smirnoff, Johnnie Walker, J&B, Gordon’s, Malibu, Baileys, Guinness and Tanqueray.
The stock is in a strong uptrend and it is up 11.45% just over the past month.
Diageo plc (DEO) vs. the S&P 500 over the past three months
Momentum Trader Analysis
Recommendation
Buy Diageo plc (DEO) at market today and place your stop at $140.00.
If you want to play the options, I recommend the DEO April 2018 $145 calls (DEO180420C00145000), which last traded at $5.39 and expire on April 20.
Portfolio Update
Raise your stop in Texas Instruments (TXN) to $103.65 to lock in at least a 10% gain in the stock.
Sincerely,
Nicholas A. Vardy
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