Categories: Momentum Trader Alert HotlinesStock Market News

Still Another Red-Hot Momentum Medical Device Maker

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.

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

Momentum Trader Alert Analysis

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.

Sincerely,

Nicholas A. Vardy

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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.