Nicholas Vardy

Nicholas Vardy has a unique background that has proven his knack for making money in different markets around the world.

It was another strong week for our Global Stock Investor portfolio. Five of our eight holdings hit record highs last week on the back of the strong rally in the markets. I continue to be pleasantly surprised by the market momentum this summer. Let’s enjoy the wave while it lasts.

Look for the August edition of Global Stock Investor to arrive in your mailboxes later this month, since I will reveal my #1 pick to help you profit from the global infrastructure boom.


America Movil (AMX) will announce its second-quarter 2007 earnings on July 24. On average, analysts predict a jump of roughly 34% in quarterly revenue to $6.7 billion, compared to the same quarter last year. Profits are expected to rise 43% to $0.77 per share. America Movil also has been steadily improving both its gross margins and operating margins in recent months. All 12 analysts who follow America Movil give the company a buy rating. The stock remains a STRONG-BUY.

Mining group Anglo American (AAUK) hit a record high last Thursday, before falling back and ending the week flat. Last Thursday’s record-breaking $38 billion cash bid from London-listed Rio Tinto for Canadian aluminum group Alcan has given the entire mining sector a boost. Mining stocks have been riding high thanks to strong commodity prices. But the recent rally has been given a big boost by speculation that more takeover bids are in the pipeline. Anglo American remains a STRONG-BUY.

Home Inns & Hotels Management (HMIN) was upgraded by two brokerage firms last week. They report that Home Inns is looking proactively for incremental acquisitions, particularly in tier-1 cities. The recent purchase of Beijing Sunshine by Home Inns represented just a small piece of a solid acquisition pipeline. Nevertheless, the stock failed to follow through on last week’s technical strength. Home Inns remains a HOLD.

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Indian banking play ICICI (IBN) also hit a record high of $53.20 on Friday, breaking through a technical resistance point to make its new high. Jefferies & Co. also assigned ICICI a "buy" rating this week, and a target price of $62 per share — a 20% upside from its current price. The bursting of the stock market bubble in Shanghai may actually help the Indian market as money finds its way into the India exchange. The stock is still a BUY.

Global cell phone operator Millicom International (MICC) punched through the $99 level last Thursday for the first time ever. It has fallen back since then, making it a terrific time to add to your positions. Millicom will announce its financial results for the second quarter of 2007 on Tuesday, July 24. It is unlikely to disappoint. Millicom is a STRONG-BUY.

Global steel giant Arcelor Mittal (MT) announced that it has signed a memorandum of understanding with Nippon Steel Corp. to form a global alliance and to expand current joint ventures in North America. Japan’s biggest steelmaker said the two companies will continue to discuss the potential expansion of their automotive sheet steel business. A spokesman for Nippon Steel said the company also is considering expanding joint ventures with Arcelor Mittal in China, as well as in the United States. Could another acquisition be in the offing? The stock also hit a record high last Thursday. Continue to BUY on the dips.

Tesco (TSCDY) is expected to open its first stores in Southern California, Arizona and Nevada in the fourth quarter of this year, after having secured more than 100 sites in those areas. The Financial Times reported this week that Tesco also now is securing sites in Northern California around San Jose, Sacramento and Oakland. The stock hit a one-month high on Monday, so the sale on Tesco’s stock may soon be over. BUY now before the stock gets anymore expensive.

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The Swedish ETF (EWD) also hit a record high this week. It now is up over 19.16% so far this year. That’s an annualized gain of more than 50%. It is hard to go wrong on Sweden’s Reagan Revolution. The Swedish ETF remains a safe and solid BUY.

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