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A Momentum Play in the Fortune 100

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

Recommendation

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.

Sincerely,

Nicholas A. Vardy

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Nicholas Vardy

Nicholas Vardy has a unique background that has proven his knack for making money in different markets around the world. He was the Editor of The Global Guru, a free weekly e-newsletter, and also edited the trading services Momentum Trader Alert, which focused on making short-term profits in the hottest markets in the world, and The Alpha Algorithm, which was designed specifically to deliver big, fast triple-digit winners, month after month. He was also the editor of Smart Money Masters, a monthly service focused on longer term investments recommended by the brightest minds in the business. Mr. Vardy has been a regular commentator on CNN International and the Fox Business Network. He has also published articles in The New Republic, The World and I, and The Baker & McKenzie Legal Review. The Global Guru/Nicholas Vardy has been cited in The Wall Street Journal, Newsweek, Fox Business News, CBS MarketWatch, Yahoo! Finance, and MSN Money Central. Mr. Vardy graduated from Stanford with a B.A. — with honors and distinction — in both Economics and History, and he also earned an M.A in Modern European Intellectual History. After winning a Fulbright Scholarship, he earned a J.D. degree at Harvard Law School where he was an editor of the Harvard International Law Journal. When not uncovering investment opportunities for his subscribers and investors, Mr. Vardy is a keep-fit enthusiast and an avid student of classical music.