Technology Bets Lead the Way among the Smart Money Masters

Nicholas Vardy

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

U.S. stock markets broke out to new highs last week, as the market resumed its upward momentum.

The tech-heavy Nasdaq took the lead once again, rising 1.08%. The S&P 500 closed up by 0.71%, the Dow Jones recovered 0.55% and the MSCI Emerging Markets Index ended the week 0.51% higher.

Your Smart Money Masters’ holdings continued to march to the beat of their own drummer. BlackBerry Ltd. (BBRY) rose 5.09%, Paypal Holdings (PYPL) jumped 4.58% and Costco Wholesale (COST) rallied 1.41%.

Overall, your Smart Money Masters’ portfolio continues to show strong gains. Three positions are showing double-digit-percentage gains. Only one position is showing a loss. Among your current positions, all are profitable and all are currently BUYS with the notable exception of Navigator Holdings (NVGS).

The technology sector has been on fire. On Monday, nearly half of the stocks in the sector reached a 52-week high, one of the highest readings since 1990.

You see this strength in your own portfolio.

Paypal Holdings (PYPL) is up 30.88% and is the top performer in your Smart Money Masters portfolio. Your other technology bet — BlackBerry Ltd. (BBRY)  also has been on a tear and now is up 24.58% in just two months.

In contrast, slow and steady bets like Warren Buffett’s Berkshire Hathaway (BRK-B) and Markel Corp (MKL) tend to lag in these “risk off” type of environments.

Dan Loeb lightened up on his positions in Baxter International (BAX) after trimming his holding by 11.37% in the first quarter. There is no reason to worry, as he still holds 46 million shares of the company to account for a whopping 23.28% of Loeb’s publicly disclosed portfolio.

Exclusive  Global Markets Bounce -- and an Update on my $25,000 Bet Against Buffett

Portfolio Update

Sincerely,

Nicholas Vardy

Nicholas A. Vardy

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