Categories: Smart Money Masters HotlinesStock Market News

Locking in 27% Gains in Carl Icahn’s Top Bet

It was a relatively quiet week for both U.S. and global stock markets despite several major indexes closing at new highs.

The Dow Jones Industrial Average traded flat, rising a mere 0.07%, and the S&P 500 climbed 0.72%. The tech-heavy Nasdaq recovered 0.88%, while the MSCI Emerging Markets Index gained 0.69%.

Among your Smart Money Masters holdings, Markel Corp (MKL) recovered 3.85%, breaching the $1,000 level for the first time. Kraft Heinz (KHC) rose 2.13%. Your most recent recommendation, Priceline Group (PCLN), jumped 2.06% and is now up a solid 3.46% since I recommended it just two weeks ago. Five other positions rose by at least 1% as well.

Priceline closed at a new record high yesterday. The online travel booking company is busy boosting its share of home-rentals because it wants visitors to have as many options as possible — while still grabbing part of a market that is projected to grow 8% in 2017 to $34 billion.

Priceline’s Booking.com has revved its home-rental inventory to 2.5 million listings in the last year to mark a 50% increase.

All of this means that Priceline has plenty of growth left ahead of it. You can look forward to steady gains in the months ahead.

On a personal note, I saw Priceline spokesman “Captain Kirk” William Shatner last week at my colleague Mark Skousen’s FreedomFest conference in Las Vegas. Shatner certainly looks very spry for an 86 year old!

Portfolio Update

Kraft Heinz (KHC), Costco (COST) and BlackBerry (BBRY) remain below their 50-day moving averages (MA) and are currently HOLDs.

Four of your positions. PayPal Holdings (PYPL), Restaurant Brands International (QSR), BlackBerry Ltd (BBRY) and Baxter International (BAX) all boast double-digit-percentage gains.

Raise your stop in PayPal Holdings (PYPL) to $52 to lock in at least a 27% gain.

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.