1. Aggressive Recommendation
Texas Instruments Inc. (TXN) is a current recommendation in Momentum Trader Alert.
Headquartered in Dallas, Texas, TXN is one of the top 10 semiconductor companies worldwide. After acquiring National Semiconductor in 2011, the company became the world’s largest maker of analog technology components.
The company is witnessing strong demand in the fast-growing automotive market and the Internet of Things (IoT).
Shares of Texas Instruments hit a 52-week high of $104.30 yesterday. The stock has gained 41.5% year to date, substantially outperforming the 18.8% rally of the S&P 500.
Technically, the stock is in a strong uptrend and scores 100% on my long-term technical indicators.
2. Conservative Recommendation
Abbott Laboratories (ABT) is another current recommendation in Momentum Trader Alert.
Abbott’s board of directors recently increased the company’s quarterly common dividend to 28 cents per share from 26.5 cents per share.
That marked the 376th consecutive quarterly dividend to be paid by Abbott since 1924.
BMO Capital Markets — a Bank of Montreal subsidiary — raised its rating on shares of ABT to Outperform.
BMO Capital placed the stock on its Top Picks list for 2018. BMO’s target price of $65 per share of Abbott is a 16.7% upside from the current market value per share.
From a technical standpoint, ABT scores 100% on all the indicators I follow for Momentum Trader Alert.
Sincerely,
Nicholas A. Vardy
