Nicholas Vardy
GLOBAL STOCK INVESTOR HOTLINE UPDATE 16
This week was a particularly strong week for our Global Stock Investor portfolio, as five out of our seven holdings jumped between 5.5% and 8.4%. Those of you who took advantage of the previous week’s sell-off and added to your positions were rewarded handsomely. Make sure you follow the same strategy this week with U.K.-based global retailer Tesco (TSCDY).
Riding The Global Infrastructure Wave
Over the past four years, infrastructure has emerged as a powerful global megatrend. “Infrastructure” has replaced “plastics” as a catchword for economic opportunity.
GLOBAL STOCK INVESTOR HOTLINE UPDATE 15
Both Wall Street and global stocks fell this past week as a seemingly relentless rise in bond yields unnerved stock investors around the globe. The benchmark 10-year Treasury note’s yield passing 5% exacerbated jitters about mortgage rates rising, and hitting an already sluggish housing market.
Betting On Brazil
For an academic economist, Yale economist Robert Shiller has developed a somewhat surprising reputation as an investment guru. His bestseller Irrational Exuberance hit the bookstores right before the 2000 stock-market slide.
GLOBAL STOCK INVESTOR HOTLINE UPDATE 14
Overall, our Global Stock Investor portfolio had a strong week. Six of our seven stocks were up and four of our picks also hit record highs.
The big news of the week was that the Chinese stock market has begun its long-expected correction. On Monday, the Shanghai Composite Index fell 8.3% to 3,670.4, its largest one-day decline since Feb. 27. So far, the damage has been limited to the domestic Chinese market. But remember, financial contagion is not rational.
Taking A “Flyer” On Chile
This week’s Global Bull Market Alert pick, LAN Airlines S.A. (LFL), combines one of the strongest and most market-oriented economies in Latin America, Chile, with one of the strongest sectors in global markets, airlines.