Categories: Momentum Trader Alert HotlinesStock Market News

Making a Momentum Play on the Global Smartphone Boom

This week’s Momentum Trader Alert recommendation bets on a U.S.-based technology stock benefiting from the global smartphone boom.

Based near Princeton University in New Jersey, Universal Display Corporation (OLED) has been on a tear. The company is profiting from smartphone makers, such as Samsung and Apple (AAPL), shifting from traditional liquid crystal displays (LCD) to OLED screens.

OLED displays are superior to LCD screens in color reproduction, refresh rate and power consumption.

OLED’s stock has soared since since it delivered much-better-than-expected Q3 earnings results on Nov. 2.

Universal Display Corporation (OLED) versus the S&P 500 over the last three months.

Momentum Trader Alert Analysis

Recommendation

Buy Universal Display Corporation (OLED) at market today and place your stop at $147.00.

I am holding off on recommending options in this position after Friday’s big jump in the stock price.

Portfolio Update

CBOE Holdings, Inc. (CBOE) stopped out on Nov. 9 at $110.20 for a 20.30% gain.

CBOE Holdings, Inc. (CBOE) January $105 calls first traded at $9.35 after the stop for a 39.35% gain.

New Option Recommendation

Now that the stock has settled, I recommend that you buy the Cognex Corporation (CGNX) February $135 calls (CGNX180216C00135000), which last traded at $9.98 and expire on Feb. 16.

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.