Global markets continued to get hit hard by the fallout from the events in Libya. The revolts spreading across the Mideast are indeed morphing into the Arab world’s version of what 1989 was for Eastern Europe.
Several of your Global Bull Market Alert positions, including last week’s recommendation, Novo Nordisk (NVO), hit 52-week highs. Others in this group include Alliance Resource Partners LP (ARLP), Cognizant Technology Group (CTSH), Denison Mines Corp. (DNN), ELEMENTS Rogers Intl Commodity Agri ETN (RJA) and Transocean Inc. (RIG).
Alliance Resource Partners (ARLP) jumped 3.86% yesterday. Your June $70 call options soared as well, and they are now up 212.5% since you first bought them on Jan. 24. Recall that you already sold one-half of your options for a 112% gain.
This week’s Global Bull Market Alert pick, Novo Nordisk A/S (NVO), is a Danish pharmaceutical company that focuses on diabetes care and biopharmaceuticals. Novo Nordisk is a quiet giant, employing 30,000 people in 76 countries, including the United States, Japan, China, Russia, India, Brazil and Turkey.
Most of your positions in Global Stock Investor took a breather this week, even as attention directed towards Egypt and the riots there began to wane. Emerging markets, with the broad exception of your holdings in Asian markets like iShares MSCI Malaysia Index (EWM), iShares MSCI Taiwan Index (EWT) and iShares MSCI South Korea Index (EWY), as well as Market Vectors Russia ETF (RSX), continue to underperform.
It was another terrific week for your Global Bull Market Alert portfolio. Six of your holdings were up at least by 5% — with three of them notching double-digit percentage gains as high as 12.90%. Your call options on Alliance Resource Partners LP (ARLP) soared in the first six days in the portfolio and you sold half of your options to lock in 112.50% gains. Since then, the options have powered ahead and now are up 133.33%.