Your stock in Sina Corp. (SINA), owner of China’s third-most visited website, shot up 7.15% — the most in almost two months — after an online news service reported that the company started a location-based check-in service. Your June $90 call options were up 46.67%.
Your Global Bull Market Alert positions continue to perform well even in the midst of market uncertainty. Denmark’s Novo Nordisk (NVO), Alliance Resource Partners LP (ARLP) and Spreadtrum Communications, Inc. (SPRD) all hit record or 52-week highs during the week.
Spreadtrum Communications (SPRD) shot up $2.58, or 11.9%, to $24.20 in after-hour trading on Thursday after the company reported Q4 revenue and earnings above expectations.
It’s been a choppy five days in global markets over the past week. Stocks suffered steep losses yesterday as oil prices surged, renewing worries that higher fuel prices could hobble the global economic recovery. Oil prices jumped 13% last week with a rise in turmoil across North Africa and the Middle East. Americans are now paying roughly $75 million more per day to fill their gas tanks than a week ago.
Your position in Silvercorp Metals Inc. (SVM) soared 7.95% yesterday, as the bull market in silver continues.
With global markets turning nervous about the situation in Libya, last week was a roller coaster for your Global Bull Market Alert portfolio. That said, several of your Global Bull Market Alert positions, including your last stock recommendation, Denmark’s Novo Nordisk (NVO), as well as Alliance Resource Partners LP (ARLP), hit 52-week highs during the week. With markets bouncing sharply on Friday, 10 of your 12 current recommendations are showing a profit — five of them in double digits between 13.32% and 57.09%. And last week’s new option recommendations for “China’s Twitter” play Sina Corporation (SINA) soared 30.61%.