This week’s Momentum Trader Alert recommendation is a household name among American consumers.
Founded in 1894 and headquartered in Hershey, Pennsylvania, The Hershey Company (HSY) is the largest North American manufacturer of quality chocolate and non-chocolate confectionery products. Hershey markets well-known brands such as Hershey’s, Reese’s, Hershey’s Kisses, Kit Kat, Almond Joy, Mounds, York, Jolly Rancher, Twizzlers and Ice Breakers.
The stock has moved has moved up sharply in recent days on rumors of a takeover bid.
The Hershey Company (HSY) versus the S&P 500 YTD.
Recommendation
Buy The Hershey Company (HSY) at market today and place your stop at $106.00.
I am holding off on recommending options for now as the stock’s recent sharp move upwards has made the options very expensive.
Portfolio Update
It was a busy week for your Momentum Trader Alert portfolio as you exited several profitable options positions
On May 23, you sold half of your Stryker Corp. (SYK) June $135 call options (SYK170616C00135000) for a gain of 85.48%.
You also sold half of your United Technologies Corp. (UTX) June 16 $115 calls (UTX170616C00115000) for a 53.33% gain.
On May 25, you sold all of your remaining Stryker Corp. (SYK) June $135 call options (SYK170616C00135000) a gain of 133.87%.
You sold one-half of your MA July $115 call options (MA170721C00115000) for a gain of 80.52%.
On May 26, you sold your remaining Mastercard (MA) July $115.00 call options (MA170721C00115000) for a 90.91% gain.
You sold half of your Intuitive Surgical, Inc. (ISRG) July $880 calls (ISRG170721C00880000) for a 62.53% gain.
You sold all of your remaining United Technologies Corporation (UTX) June 16 $115 calls (UTX170616C00115000) for a 53.76% gain.
Sincerely,
Nicholas A. Vardy
