This week’s Momentum Trader Alert recommendation comes from Mexico, the fifth best-performing stock market of 2017 from among the 47 global markets I track around the world on a daily basis.
Mexico’s performance this year may come as a big surprise given the negative market sentiment that surrounded Mexico and its economy following the election of Donald Trump as president of the United States.
Founded in 2000 and based in Mexico City, Mexico, América Móvil, S.A.B. de C.V. (AMX) provides telecommunications services in all nine regions of Mexico. Its network covers approximately 31.4% of the geographical area of Mexico, including all major cities and approximately 89.6% of Mexico’s population.
América Móvil, S.A.B. de C.V. (AMX) versus the S&P 500 year to date
Momentum Trader Alert Analysis
Recommendation
Buy América Móvil, S.A.B. de C.V. (AMX) at market today and place your stop at $16.50.
If you want to play the options, I recommend the AMX Nov. 2017 $18.00 call options (AMX171117C00018000), which last traded at $1.40 and expire on Nov. 17.
Portfolio Update
Sell half of your Intuitive Surgical, Inc. (ISRG) October $920 calls for a 53.25% gain.
Sell half of your Altbaba, Inc. (AABA) October $55 calls for a 92.00% gain.
Sell half of your Progressive Corp. (PGR) November $46 calls for a 84% gain.
Raise your stop in Momo Inc. (MOMO) to $42.30 to lock in at least a 10% gain.
Raise your stop in Intuitive Surgical, Inc. (ISRG) to $965.00 to lock in at least a 10% gain.
Sincerely,
Nicholas A. Vardy
