Categories: Momentum Trader Alert HotlinesStock Market News

Betting on a Semiconductor Stock Trending Higher

This week’s Momentum Trader Alert identified a tech name with a storied past: Texas Instruments Inc. (TXN).

The company also is a member of the semiconductor sector, which has broken out sharply to the upside since mid-September. Headquartered in Dallas, Texas, TXN is one of the top 10 semiconductor companies worldwide and also one of the world’s leading designers and suppliers of digital signal processors and analog integrated circuits.

After acquiring National Semiconductor in 2011, the company became the world’s largest maker of analog technology components.

Texas Instruments (TXN) vs. the S&P 500 year to date.

Momentum Trader Analysis

Recommendation

Buy Texas Instruments (TXN) at market today and place your stop at $76.00.

If you want to play the options, I recommend the TXN January $92.50 calls (TXN180119C00092500), which last traded at $4.05 and expire on Jan 19.

Portfolio Update

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.