I. Conservative Recommendation
The Boeing Company (BA)
Boeing, a holding in the Alpha Algorithm portfolio, is set to announce its second-quarter earnings for 2017 on July 26.
This past week, analysts from Baird reiterated an “outperform” rating on Boeing’s stock, raising its price target by over 15% to $240.
That new price target represents a significant upside of about 19% from current levels. The stock is already up 30% this year.
II. Aggressive Recommendation
Weight Watchers International, Inc. (WTW)
Weight Watchers shares have soared in 2017 following a high-profile tie-up with Oprah Winfrey.
The stock surged on a strong first-quarter earnings report as subscribers jumped 16% to 3.6 million and the company lifted its full-year earnings per share guidance to $1.40-$1.50. WTW gained nearly 30% in June alone.
WTW is now also the top stock based on the technical screens used for Momentum Trader Alert.
Nicholas A. Vardy