A Momentum Play in the Fortune 100

Nicholas Vardy

Nicholas Vardy has a unique background that has proven his knack for making money in different markets around the world.

This week’s Momentum Trader Alert recommendation should be a familiar name to long-time investors.

Based in Morris Plains, New Jersey, Honeywell International Inc. (HON) manufactures thermostats, sensors, security alarm systems, air cleaners and dehumidifiers. The company also licenses its brand name for use in various retail products made by partner manufacturers for things such as air conditioners, heaters, fans, security safes, home generators and paper shredders. In 2016, Honeywell ranked 73rd in the Fortune 500.

Honeywell International Inc. (HON) versus the S&P 500 year to date.

Momentum Trader Alert Analysis


Buy Honeywell International (HON) at market today and place your stop at $134.50.

If you want to play the options, I recommend the HON December 2017 $145.00 calls (HON171215C00145000), which last traded at $2.36 and expire on Dec. 15.

Portfolio Update

You stopped out of your position in Sociedad Quimica y Minera de Chile S.A. (SQM) at $57.30 for a 20% gain.

Sell your long-time position in Wintrust Financial Corporation (WTFC) at roughly breakeven.

Also sell your long-time position in Sanmina Corporation  (SANM) at a loss.


Nicholas Vardy

Nicholas A. Vardy

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It is important for investors to buy a stock at the right time, but it also is helpful to sell at the right time to produce profits and avoid huge losses. Deciding when to sell is what separates amateur investors who focus primarily on what to buy from the professional and seasoned investors who know selling at the right time is far more important than buying at the right time. I want to buy and hold equities if they are trading above their "Neutral Zone" and trending higher, as I bet you do.

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