Categories: Momentum Trader Alert HotlinesStock Market News

Another Technology Play with Big Momentum

This week’s Momentum Trader Alert takes you back into the realm of one of the hottest sectors of 2017 in the U.S. stock market: technology.

Founded in 1932 and headquartered in Wallingford, Connecticut, Amphenol Corporation (APH) is one of the world’s largest designers, manufacturers and marketers of electrical, electronic and fiber optic connectors, interconnect systems and coaxial and flat-ribbon cable. Amphenol recently raised its earlier revenue and earnings guidance for 2017, and the stock has continued its strong momentum since then.

Amphenol Corporation (APH) vs. the S&P 500 year to date.

Momentum Trader Analysis

Recommendation

Buy Amphenol Corporation (APH) at market today and place your stop at $79.50.

I am holding off on recommending options for now, seeing as Friday’s sharp move in the stock price has made the options very expensive.

Portfolio Update

On Sept. 27, you hit your stop of $83.80 in AbbVie Inc. (ABBV) for a 20.99% gain.

On Sept. 11, you sold your remaining ABBV November $70 calls for a 400% gain.

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.