Categories: Smart Money Masters HotlinesStock Market News

Prem Watsa’s Top Bet Soars 21.66%

U.S. and global stock markets closed a strong week.

The S&P 500 rose 1.52%, while the Dow Jones jumped 1.59% and the Nasdaq recovered 1.90%. The MSCI Emerging Markets Index bounced back 2.34%, almost recovering the prior week’s losses.

Your Smart Money Masters portfolio had a solid week, which can be seen in the following numbers.

Prem Watsa’s bet on BlackBerry (BBRY) soared a whopping 21.66%. Wilbur Ross’ Navigator Holdings (NVGS) jumped 4.59%. Tom Gaynor’s Markel Corporation (MKL) gained 3.09%. Mohnish Pabrai’s bet on Fiat Chrysler Automobiles N.V. (FCAU) gained 2.92%.

Your Smart Money Masters portfolio now boasts some impressive returns. Eight of your positions sport double-digit-percentage gains. PayPal Holdings (PYPL) and Fiat Chrysler (FCAU) are both up over 50%.

Restaurant Brands International (QSR) and BlackBerry (BBRY) are both up by 24%.

Four more positions — Baxter International (BAX), Berkshire Hathaway (BRK-B), Liberty Broadband Corporation (LBRDK) and Markel Corporation (MKL) — are up by at least 10%.

Kraft Heinz (KHC), The Priceline Group (PCLN) and Liberty Broadband (LBRDK) are all trading below their 50-day moving averages and are currently HOLDs.

Portfolio Update

The big news this past week is BlackBerry’s remarkable 21.66% jump.

On Sept. 28, the company reported an adjusted profit of $0.05 on total revenue of $249 million, trouncing analysts’ estimates. BlackBerry has now beaten analysts’ earnings per share (EPS) estimates in the last five consecutive quarters.

The bigger news was the company’s record software and services revenue. BlackBerry achieved record software and services revenue of $196 million. This represented 26% year-over-year growth.

BlackBerry’s record revenue in its software and services segment is a testament to the company’s transformation into a software company.

Looking ahead, BlackBerry CEO John Chen believes the company is well positioned for further growth after it made “significant progress” on this transformation.

Finally, starting on Oct. 16, BlackBerry Ltd. will no longer be listed on the NASDAQ Global Select Market under the BBRY stock ticker. It instead will shift to the New York Stock Exchange (NYSE) where it will trade under the BB stock ticker.

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.