Nicholas Vardy
Waiting for the Market to Consolidate…
Selling all or part of your Potash (POT), Mechel (MTL), and NII Holdings Inc. (NIHD) options and locking in 112%, 60% and 59% gains last Monday, respectively, proved unusually prescient as global stock markets endured their worst sell off since February.
GLOBAL STOCK INVESTOR HOTLINE UPDATE 63
Your Global Stock Investor portfolio had another solid week, as risk aversion in global markets continues to decline. ArcelorMittal (MT) and iShares MSCI Brazil Index ETF (EWZ) both soared to record highs. Each hit $100 for the first time. Transocean (RIG) also hit a record, as oil breached the $130 dollar mark. Barrick Gold (ABX) nudged into positive territory as the price of gold recovered above $900 an ounce.
The Bull Market in Coal — And Locking in Gains in Potash, Mechel, and NII Holdings
This week’s Global Bull Market Alert pick is a bet on coal — a commodity that Richard Gibbs, head of the global economics unit at Australia’s Macquarie Bank, calls "the new gold." Here’s why your profits from the Market Vectors Coal ETF (KOL) may be even bigger than from gold, coal’s more glamorous and higher profile rival.
GLOBAL STOCK INVESTOR HOTLINE UPDATE 62
Greetings from the Las Vegas Money Show where I have had the pleasure of meeting many of you in person.
Ringing Up Profits In Brazil
In what has been a tough year for global equities, Brazil has been the top-performing global market in 2008. With both China and India down by as much as a third at one point, and Russia down by 10.7%, Brazil’s 11.2% return to date stands head and shoulders above its BRIC rivals. And last week, rating agency Standard & Poor’s awarded Brazil a BBB- investment grade credit rating. That sparked a 6.3% jump in Brazil’s Bovespa, as the stock market hit all-time highs.
GLOBAL STOCK INVESTOR HOTLINE UPDATE 61
It was a strong week for your Global Stock Investor portfolio, as global markets continue to stabilize. The iShares MSCI Brazil Index ETF (EWZ) soared 12.47% as it became the last BRIC country to receive an upgrade to “investment-grade” status. Millicom International (MICC), and ArcelorMittal (MT) also jumped 11.27% and 7.98%, respectively. Potash (POT) recovered almost 10% from last week’s sharp drop. Expect oil rig giant Transocean (RIG) to move up today on the back of announcing better than expected earnings.