Categories: Momentum Trader Alert HotlinesStock Market News

A Smart Money Favorite with Giant Momentum

This week’s Momentum Trader Alert pick is an energy stock that ranks as the #3 holding of money master Carl Icahn.

Several other large hedge funds recently have increased their holdings in CVI, including legendary trend follower Campbell & Co. Headquartered in Sugar Land, Texas, CVR Energy Inc. (CVI), through its subsidiaries, engages in petroleum refining and nitrogen fertilizer manufacturing activities in the United States.

The stock has been on a tear and is up 19.62% just over the past month.

CVR Energy Inc. (CVI) vs. the S&P 500 over the past three months.

Momentum Trader Analysis

Recommendation

Buy CVR Energy Inc. (CVI) at market today and place your stop at $29.25.

If you want to play the options, I recommend the CVI March 2018 $35 calls (CVI180316C00035000), which last traded at $2.87 and expire on March 16.

Portfolio Update

Sell your remaining TXN January $92.50 calls, which last traded at $9.08 and expire on Jan. 19, for a 101.78% gain.

Sell half of your WWE April $30 calls, which last traded at $3.90 and expire on April 20, for a 69.57% gain.

P.S. This is the final recommendation of the year for Momentum Trader Alert. I will be taking a break next week along with my colleagues at Eagle Financial Publications.

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.