There were two big stories in your Global Stock Investor portfolio this week. Potash (POT) hit yet another record high this week, soaring 16.5% on the back of rising fertilizer prices. Potash now has almost doubled since October. Millicom International (MICC) also jumped 12.2% yesterday on the back of strong earnings, as the stock awoke from its slumber.
This month’s pick, offshore oil driller Transocean, Inc. (RIG), also got off to a strong start, up more than 4% to hit a new record high. Both the iShares MSCI Brazil Index ETF (EWZ) and steel giant ArcelorMittal (MT) hit record highs this week, as well. Overall, nine out of 10 of your positions are showing a profit, with five out of the 10 showing double-digit percentage gains, as of yesterday’s close.
With your stock positions soaring, your defensive positions are trailing. Nevertheless, the PowerShares DB Agriculture (DBA), Elements Rogers International Commodity ETN (RJI), Barrick Gold (ABX) and the CurrencyShares Japanese Yen Trust (FXY) picks all are in their own bull markets. They will, however, underperform relative to stocks as global markets resume their uptrend.
So what strategy should you pursue? The more bullish you feel, the more you should add to your stock positions. Potash (POT) and Transocean (RIG) have the most momentum behind them — though all of your other stock recommendations remain buys, as well. Millicom (MICC), in particular, is a stock that could catch on fire as investor appetite for risk returns.
PORTFOLIO UPDATE
Barrick Gold (ABX) is treading water as gold traded in London at $920.75 per troy ounce, up from $915.70 late Monday. The pullback in the gold price is an opportunity to BUY.
Coca-Cola Hellenic Bottling (CCH) announced the launch of a new 23.65 euro bottling line in Hungary. The recent weakness in the stock is an opportunity to BUY.
PowerShares DB Agriculture (DBA) fell slightly this week, even as the global food shortage becomes conventional wisdom. This is your hedge against rising prices in your local supermarket. DBA remains a BUY.
iShares MSCI Brazil Index ETF (EWZ) jumped 4% this week, hitting record highs, as this commodity-heavy index continues to be one of the top global markets this year. Brazil is a BUY.
CurrencyShares Japanese Yen Trust (FXY) dropped back this week, as global markets had another strong week. This hedge against market downturns remains a defensive BUY.
Millicom International (MICC) jumped $11.70, or 12.2%, yesterday after the wireless carrier posted first-quarter, core earnings in line with expectations and added 2.8 million new subscribers. EBITDA totaled $336 million, up from $248 million a year earlier and in line with forecasts as the first three months of the year brought the total number of subscribers to 26.2 million, up 59% from a year earlier. Use any pullback as an opportunity to BUY.
ArcelorMittal (MT) hit a record high this week, as the company announced the purchase of a 16% stake in Coal of Africa. ArcelorMittal’s deal chimes with a global trend for steel producers to secure raw materials in a tight supply market. Under the terms of the deal, ArcelorMittal gets a minimum 2.5 million tons of coking coal annually, plus an option to double the volume. The stock is a BUY.
Potash (POT) is on fire, closing at a record high of $214.83 yesterday. But with a target price of $250 it still has way to go. Tighten your stop to $165. Potash is a top BUY.
Transocean (RIG) got off to a solid start, rising a solid 4.43% its first week in the portfolio. The rising oil price and the stock’s remarkably low PEG ratio mean that there is a lot of upside in this stock. This month’s new pick is a BUY.
Elements Rogers International Commodity ETN (RJI) now has regained all of its losses after the sharp sell off in March. As long as the commodities boom is intact, this diversified commodity play is a safe and steady bet. It remains a BUY. 
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