U.S. and global stock markets closed a mixed week, despite several major indexes closing at new highs.
The S&P 500 traded flat, falling 0.04%, and the Dow Jones climbed 1.63%. The tech-heavy Nasdaq pulled back 0.58%, while the MSCI Emerging Markets Index gained another 0.64%.
Your individual holdings in your Smart Money Masters portfolio were, as usual, more volatile than the overall market.
Among your Smart Money Masters‘ holdings, Liberty Broadband Corporation (LBRDK) soared 11.16%, Markel Corp (MKL) rose 5.77% and Costco Corp. (COST) continued its recovery, bouncing 4.28%.
The star of the week was Liberty Broadband, which hit a peak level of $100.82 on July 31.
Thanks to an increase of 15.14% in the past one month, the stock is up 33.9% so far on the year. The company will announce earnings Wednesday, Aug. 9, at 11:00 a.m. EDT. CEO John Malone still owns 3,782,554 shares in the company, valued at $340,770,289.86. Investor George Soros still has close to 20% of his publicly disclosed portfolio in the stock.
Four of your positions — PayPal Holdings (PYPL), Restaurant Brands International (QSR), Liberty Broadband Corporation (LBRDK) and Markel Corporation (MKL) — all boast double-digit-percentage gains. PayPal Holdings (PYPL) is now up a whopping 45% since my initial recommendation.
Kraft Heinz (KHC), Costco (COST), Restaurant Brands International (QSR) and BlackBerry (BBRY) are all trading below their 50-day moving averages (MA) and are currently HOLDs.
Nicholas A. Vardy