Categories: Smart Money Masters HotlinesStock Market News

Technology Bets Lead the Way among the Smart Money Masters

U.S. stock markets broke out to new highs last week, as the market resumed its upward momentum.

The tech-heavy Nasdaq took the lead once again, rising 1.08%. The S&P 500 closed up by 0.71%, the Dow Jones recovered 0.55% and the MSCI Emerging Markets Index ended the week 0.51% higher.

Your Smart Money Masters’ holdings continued to march to the beat of their own drummer. BlackBerry Ltd. (BBRY) rose 5.09%, Paypal Holdings (PYPL) jumped 4.58% and Costco Wholesale (COST) rallied 1.41%.

Overall, your Smart Money Masters’ portfolio continues to show strong gains. Three positions are showing double-digit-percentage gains. Only one position is showing a loss. Among your current positions, all are profitable and all are currently BUYS with the notable exception of Navigator Holdings (NVGS).

The technology sector has been on fire. On Monday, nearly half of the stocks in the sector reached a 52-week high, one of the highest readings since 1990.

You see this strength in your own portfolio.

Paypal Holdings (PYPL) is up 30.88% and is the top performer in your Smart Money Masters portfolio. Your other technology bet — BlackBerry Ltd. (BBRY) — also has been on a tear and now is up 24.58% in just two months.

In contrast, slow and steady bets like Warren Buffett’s Berkshire Hathaway (BRK-B) and Markel Corp (MKL) tend to lag in these “risk off” type of environments.

Dan Loeb lightened up on his positions in Baxter International (BAX) after trimming his holding by 11.37% in the first quarter. There is no reason to worry, as he still holds 46 million shares of the company to account for a whopping 23.28% of Loeb’s publicly disclosed portfolio.

Portfolio Update

Sincerely,

Nicholas A. Vardy

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.