Still Another Red-Hot Momentum Medical Device Maker

Nicholas Vardy

Nicholas Vardy has a unique background that has proven his knack for making money in different markets around the world.

Medical device companies are hot.

This week’s Momentum Trader Alert play is Kalamazoo, Michigan-based Stryker Corporation (SYK), yet another medical technologies company.

A member of the Fortune 500, Stryker’s products include implants used in joint replacement and trauma surgeries, as well as other medical device products used in a variety of medical specialties. Stryker products are sold in over 100 countries throughout the world.

MTA STryker 2-27

SYK 2-27

Stryker Corporation (SYK) versus the S&P 500 over three months.

Momentum Trader Alert Analysis

syk analysis 2-27

Recommendation

Buy Stryker Corporation (SYK) at market today, and place your stop at $121.00.

If you want to play the options, I recommend the SYK April $130 calls (SYK170421C00130000), which last traded at $2.57 and expire on April 21.

Portfolio Update

 U.S. Silica Holdings (SLCA) dropped sharply last week as the company was unable to turn a profit  quite yet despite soaring revenues.

Having looked closely at the fundamentals of the company, I believe the sell-off was an overreaction and I expect this stock to bounce back in the coming weeks.

As always, keep an eye on the stop price in case the stock continues to move down.

MTA chart 2-27-2

Sincerely,

Nicholas Vardy

Nicholas A. Vardy

Exclusive  Daily Data Flow: U.S. Government Reports Fourth-Largest Deficit Since World War II; S&P 500 Endures Biggest One-Week Drop in Four Months

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