A Momentum Stock with More Than a Fighting Chance

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 is a media stock with an “entertaining” profile.

Founded in 1980 and headquartered in Stamford, Connecticut, World Wrestling Federation Entertainment Inc. (WWE) is an integrated media and entertainment company principally engaged in the development, production and marketing of television programming, pay-per-view programming and live events. It also licenses and sells branded consumer products featuring the World Wrestling Federation and Raw brands.

J.P. Morgan recently initiated coverage on WWE with an “overweight” rating and $37 price target. That’s over 20% upside from current levels.

World Wrestling Federation Entertainment Inc. (WWE) vs. the S&P 500 over the past 3 months

Momentum Trader Analysis

Recommendation

Buy World Wrestling Federation Entertainment Inc. (WWE) at market today and place your stop at $27.00.

If you want to play the options, I recommend the WWE April $30 calls (WWE180420C00030000), which last traded at $2.30 and expire on April 20.

Portfolio Update

You were stopped out of Lam Research Corp. (LRCX) on Dec. 4 for a loss.

Sincerely,

Nicholas Vardy

Nicholas A. Vardy

Exclusive  Global Stock Investor Hotline 3

Like This Article?
Now Get Our FREE Special Report:
Alternative Investing: Investing in Timber

Stock Investor editor Paul Dykewicz reveals why investing in timber may be one of the best long-term portfolio strategies you'll find today.

Get Access to the Report, 100% FREE


img
previous article

Being a "Scrooge investor"doesn't mean hoarding your money, but being responsible with it and living within your means.

PREMIUM SERVICES FOR INVESTORS

Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Product Details

LEARN MORE HERE

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.

Product Details

LEARN MORE HERE

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:

Product Details

LEARN MORE HERE

Bob Carlson

Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

LEARN MORE HERE

Mike Turner

Mike Turner’s financial, mathematical, computer science and engineering background serves as the foundation for his disciplined, rules-based approach to trading. Mike’s three services include:

Product Details

LEARN MORE HERE

Hilary Kramer

Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers:

Product Details

LEARN MORE HERE

DividendInvestor.com

Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

LEARN MORE HERE