This week’s recommendation adds a small-cap stock to your Momentum Trader Alert portfolio.
Founded in 1949, Florida-based HEICO Corporation (HEI) engages in niche segments of the aviation, defense, space and electronics industries. HEICO’s customers include a majority of the world’s airlines as well as numerous defense and space contractors and military agencies worldwide.
The company’s clients also include telecommunications, electronics and medical equipment manufacturers.
Heico Corporation (HEI) versus the S&P 500 year to date.
Momentum Trader Alert Analysis
Buy HEICO Corporation (HEI) at market today and place your stop at $71.00.
With the stock market due for a pullback, I am holding off on recommending options on this stock for now.
You were stopped out of Ferrari N.V. (RACE) on Aug. 2 at $103.65 for a solid 15.01% gain.
With AbbVie Inc. (ABBV) stock technically oversold, I am recommending that you buy the ABBV November $70 calls (ABBV171117C00070000), which last traded at $3.00 and expire on Nov. 17.
Nicholas A. Vardy