Categories: Momentum Trader Alert HotlinesStock Market News

Betting on the Booming Housing Sector

This week’s Momentum Trader Alert recommendation in the red-hot housing sector is Lennar Corporation (LEN).

Founded in 1954 and based in Miami, Florida, Lennar Corporation is the leading builder of quality new homes under the Lennar brand name. Lennar’s Financial Services segment provides mortgage financing, title insurance and closing services for both buyers of the company’s homes and others.

Under the Lennar Family of Builders banner, the company includes the following brand names: Lennar Homes, U.S. Home, Greystone Homes and Village Builders.

Lennar Corporation (LEN) versus the S&P 500 over the past Six Months

Momentum Trader Alert Analysis

Recommendation

Buy Lennar Corporation (LEN) at market today and place a 10% trailing stop.

Portfolio Update

Public Service Enterprise Group (PEG) stopped out on Jan. 4 at $48.00 at a loss.

Important Note

Finally, I am pursuing new opportunities, and this will be the last issue of Momentum Trader Alert. Your publisher, Eagle Financial Publications, will update you with further information about how your subscription will be fulfilled. To protect your remaining positions but still benefit from additional share-price appreciation, I recommend that you set a 10% trailing stop on all positions, except for the following four:
Cigna Corp. (CI) — currently 4.70% above its stop price;
Verisign (VRSN) — currently 8.83% above its stop price;
Texas Instruments (TXN) — currently 4.86% above its stop price; and
Diageo plc (DEO) — currently 3.40% above its stop price

Remember that any related options positions should be sold once a stock hits or falls below its stop price.

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.