Categories: Smart Money Masters HotlinesStock Market News

George Soros’ Top Pick Breaks Out to the Upside

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.

Portfolio Update

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.

Sincerely,

Nicholas A. Vardy

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Nicholas Vardy

Nicholas Vardy has a unique background that has proven his knack for making money in different markets around the world. He was the Editor of The Global Guru, a free weekly e-newsletter, and also edited the trading services Momentum Trader Alert, which focused on making short-term profits in the hottest markets in the world, and The Alpha Algorithm, which was designed specifically to deliver big, fast triple-digit winners, month after month. He was also the editor of Smart Money Masters, a monthly service focused on longer term investments recommended by the brightest minds in the business. Mr. Vardy has been a regular commentator on CNN International and the Fox Business Network. He has also published articles in The New Republic, The World and I, and The Baker & McKenzie Legal Review. The Global Guru/Nicholas Vardy has been cited in The Wall Street Journal, Newsweek, Fox Business News, CBS MarketWatch, Yahoo! Finance, and MSN Money Central. Mr. Vardy graduated from Stanford with a B.A. — with honors and distinction — in both Economics and History, and he also earned an M.A in Modern European Intellectual History. After winning a Fulbright Scholarship, he earned a J.D. degree at Harvard Law School where he was an editor of the Harvard International Law Journal. When not uncovering investment opportunities for his subscribers and investors, Mr. Vardy is a keep-fit enthusiast and an avid student of classical music.