GLOBAL STOCK INVESTOR HOTLINE UPDATE 11

Greetings from Las Vegas! I am enjoying meeting a lot of you at the Money Show. It’s always a terrific pleasure to discuss some of my ideas with you face-to-face.

America Movil (AMX) is now up almost 15% since our initial recommendation. With its Price Earnings to Growth (PEG) ratio of .53 (anything below "1" is a screaming BUY), it is no wonder that the stock remains the favorite of some of the biggest hedge funds in the world.

Despite announcing record earnings two weeks ago, Cognizant (CTSH) has fallen from its peak, and we were stopped out of the stock on Monday. Sentiment turned sharply against Indian outsourcing plays over the past few weeks. Although I feel that the selling in Cognizant is overdone, the entire sector is out of favor with the market and may stay that way for a while. Despite continuing strong fundamentals, it is important that we stick to our stops and SELL.

The Swedish ETF (EWD) recovered after a slight dip two weeks ago. Our safest (and highly profitable) pick is now up over 13%. It remains a strong BUY and you can feel safe in adding to your position here.

Home Inns (HMIN), our high-risk, volatile Chinese hotel play, has scheduled an earnings call on Monday, May 21. Last time around, Home Inns hit the ball out of the park with its spectacular numbers. Let’s hope it does the same again and that the stock resumes its upward trajectory. For now, though, it remains a HOLD.

India’s "Citibank" ICICI (IBN) has now fully recovered from bottoming back on April 2 and the stock now is a solid 5.42% in the black. ICICI will be raising over $5 billion to fund its expansion over the summer to help it profit from India’s coming infrastructure boom. It remains one of my favorite long-term BUYS.

Millicom International (MICC) — our Latin American and African cell phone play — has been treading water since it hit a record high a couple of weeks back. No matter. This is a great time to get into this stock and it’s the #1 way to get in on accelerating economic growth in Africa. It is a strong BUY.

Warren Buffett’s favorite foreign stock, global retailer Tesco (TSCDY), remains a strong BUY.

I have just completed working on the June issue of Global Stock Investor which includes my favorite play on the "Commodities Super Cycle." This exciting pick is a global blue chip that benefits from the triple whammy of rising commodities prices and its status as both a potential takeover candidate and a terrific restructuring play led by a dynamic young CEO. Look for the June issue in your mail next week.