Categories: Momentum Trader Alert HotlinesStock Market News

This Utility Stock Has Big Momentum

This week’s Momentum Trader Alert recommendation takes you into the energy sector with a bet on a Northeastern U.S. energy giant.

Founded in 1985 and headquartered in Newark, New Jersey, Public Service Enterprise Group Incorporated (PEG) is an energy company that operates nuclear, coal, gas, oil-fired and renewable generation facilities. The company sells and distributes electricity, natural gas and other energy-related products to residential, commercial and industrial customers.

As the chart below confirms, PEG has entered a strong uptrend in the past three months.

Public Service Enterprise Group Incorporated, (PEG) versus S&P 500 over the last three months.

Momentum Trader Alert Analysis

Recommendation

Buy Public Service Enterprise Group Incorporated, (PEG) at market today and place your stop at $50.00.

If you want to play the options, I recommend PEG March $50 calls (PEG180316C00050000), which last traded at $3.30 and expire on March 16.

Portfolio Update

Your holding Heico Corporation (HEI) has lost its upward momentum since I first recommended it in August. This week, I am recommending that you sell your position for a small gain of 5.93%.

Raise your stop in Cigna Corporation (CI) to $200.50 to lock in at least a 10% gain.

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.