CHARTERED SEMICONDUCTOR (CHRT) — SEMICONDUCTOR EARNINGS SIZZLE
Last week’s pick CHRT announced earnings on Friday that handily beat analysts’ expectations. While many had expected a profit between $10 and $20 million, the company posted earnings of $25.3 million. The stock was also boosted by the news that it had inked a deal to manufacture CPU products for Microsoft’s Xbox 360 game consoles. The stock was up almost 7% on the week and the options gained 40%. Move your stop to $9.45.
MILLICOM INTERNATIONAL CELLULAR (MICC) — TAKEOVER TALKS HEATING UP
The feeding frenzy around this international cellular takeover play continues. Mobile cell phone giant China Mobil entered the fray last week with a low ball bid $4 billion. Not to worry, though: Plenty of other suitors are willing to pay a premium to MICC’s current stock price, including Egypt’s Orascom, Dubai’s Investcom, Kuwait’s MTC, Norway’s Telenor, and Mexico’s America Movil (AMX). Expect further volatility in this highly news driven stock, and a big pop in the stock the day the deal is announced. Move your stop to $42.50.
LAS VEGAS SANDS (LVS) — CHINA’S LAS VEGAS BOOKING BIG PROFITS
Gaming company LVS’s role in developing Macao as "the Las Vegas of China" is one of the sexiest stories in Global Bull Markets today. And investors are paying a premium for it. With the stock up over 13% in four weeks, and options already up 90%, don’t be shy about taking profits in this stock during a likely correction, strong China momentum notwithstanding. Tighten your stop to $61.75.
COGNIZANT TECHNOLOGIES (CTSH) — HITTING RECORD HIGHS
Indian outsourcing play CSTH hit new highs of $63.93 last week on the back of an upgrade by investment bank Goldman Sachs. With the Indian market breaching the 12,000 level for the first time ever, this New Jersey-based Indian outsourcing play is also benefiting from one of the best-performing Global Bull Markets this year. With a target price of $70-$75, this stock still has plenty of juice. Move your stop to $59.50.
GOL LINHAS A‰REAS INTELIGENTES S.A. (GOL) — FLYING HIGH
GOL’s gain of almost 34% in the last month makes it one of our top picks ever. The announcement that one of GOL’s domestic competitors is on the verge of bankruptcy gave the stock an additional 7% boost last week. You’ve already taken profits 70% and 165% in the options, and 30% in the stock. With the stock due for a possible correction, tighten your stop to $32.45.
ABB LTD. (ABB) — BIG WEEK FOR GLOBAL INFRASTRUCTURE
Our global infrastructure play ABB has had a strong run, with the shares up almost 6% just last week, and 11% since we recommended it in late February. That’s equivalent to a 100% annualized gain. The options are up 34% as well. With the pall of asbestos litigation lifted, look for further gains. Move your stop to $12.90.
RIO TINTO (RTP) — COMMODITIES BULL ROARS AHEAD
Global commodities giant RTP has approached our initial price target of $230 twice in the last two weeks and is up 19% since we recommended it in mid-February. And remember, you’ve already made profits of 40%, 77% and 109% on your RTP options. Commodities, the current big run notwithstanding, have a justified reputation for being volatile, as Rio’s drop of 5.6% on Thursday showed. But RTP bounced back on Friday and ended the week up 4.3%. Move your stop to $211.25.
SONY (SNE) — THE GIANT AWAKES
Japanese consumer electronics giant and turnaround play Sony finally awoke from its slumber last week, clocking gains of almost 10%. This upturn, despite a choppy Japanese market, was capped by a 2.8% fall overnight. Sony announced that strong demand for its Bravia brand LCD televisions recently more than doubled its market share in this hot sector from 9% to 19%. Deputy CEO President Kastumi Ihara remarked that "[Sony’s] pace of recovery has been faster than anticipated." With Sony’s stock breaching the $50 level last week, move your stop to $47.50.
"THE GLOBAL GURU" ARRIVES
Look for the launch of my twice-weekly free e-letter "The Global Guru" on May 2nd. Read it carefully. I guarantee that "The Global Guru" will be bursting at the seams with insights that can help you make big profits in the world’s secret bull markets.
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