This week’s Momentum Trader Alert recommendation tracks the investment of media mogul Oprah Winfrey with Weight Watchers International, Inc. (WTW).
Two years ago, Weight Watchers International, Inc. (WTW) was a struggling company. The stock was well under $10 per share as investors had all but given up on the company.
But then Oprah took a 10% stake in the company for $43.2 million. Since then, the stock has soared.
Weight Watchers International, Inc. (WTW) versus the S&P 500 over three months.
Momentum Trader Alert Analysis
Recommendation
Buy Weight Watchers International, Inc. (WTW) at market today and place your stop at $26.00.
If you want to play the options, I recommend the WTW August $33 calls (WTW170818C00033000), which last traded at $3.11 and expire on Aug. 18.
Portfolio Update
Sincerely,
Nicholas A. Vardy