Nicholas Vardy
GLOBAL STOCK INVESTOR HOTLINE UPDATE 35
The Q4 rally I predicted continues. Our Global Stock Investor had another strong week, with several of our holdings hitting record highs on Monday. India’s ICICI Bank (IBN) had another remarkable week, notching a 13.72% gain, and Canada’s Potash (POT) found its stride, jumping 8.8%. If the Fed cuts rates today, our Global Stock Investor portfolio is off to the races for the rest of the year…
THE GLOBAL BULL BETS ON BOMBAY
The emergence of India is one of the most important global investment themes of the decade. With India’s economy expected to grow at more than 9% this year, and earnings at Indian blue chips leaping ahead at an average of 30%, it’s no wonder that India’s stock market recently broke through the 19,000 level for the first time. This week’s Global Bull Market Alert pick – HDFC Bank Limited (HDB) is one of India’s largest private sector banks and offers a terrific way to profit from the explosive growth in India’s booming financial sector.
GLOBAL STOCK INVESTOR HOTLINE UPDATE 34
This past week has been a roller coaster for our Global Stock Investor portfolio, with the market selling off sharply on Friday and rallying yesterday. One stock that stood out was my personal and perennial favorite, emerging markets cell phone play Millicom International Cellular (MICC), which soared 21.32% yesterday on the back of blowout earnings. India’s ICICI Bank (IBN) also recovered strongly from last week’s sell off, jumping 14.21% since last Tuesday’s close. Most of our holdings are just off their recent record highs…
Banking On Brazil
This week’s pick combines both a “top down” and “bottom up” theme — and is one that I believe will perform strongly between now and the end of the year, as global markets resume their traditional year-end bull run.
GLOBAL STOCK INVESTOR HOTLINE UPDATE 33
Our Global Stock Investor portfolio spent the last week consolidating its recent gains, as most of our positions pulled back from record highs hit late last week. Two picks in particular — the Swedish ETF iShares MSCI Sweden Index (EWD) and India’s ICICI Bank (IBN) — were hit by short-term news that caused them to pull back sharply. These occasions offer terrific buying opportunities and it’s a good time to add to your positions in both of these picks here. Two of our picks — America Movil (AMX) and Millicom International (MICC) will be announcing earnings between now and next week. Overall, after a week or two of consolidation, I expect global markets to resume their strong Q4 run.
The Global Bull Books 383% Profits In Five Short Weeks… And Uncovers A New Emerging Giant In Russia
This week’s Global Bull Market Alert pick combines the themes of the boom in the global steel industry with the traditionally strong Q4 performance of the Russian stock market.