Wilbur Ross’ Shipping Bet Breaks Out to the Upside

Nicholas Vardy

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

Both U.S. and global stock markets closed a strong week.

The Dow Jones Industrial Average rose 0.80% and the S&P 500 jumped 1.44%. The tech-heavy Nasdaq recovered 2.93%, while the MSCI Emerging Markets Index soared by 3.56%.

Your Smart Money Masters holdings performed strongly as well. Navigator Holdings Ltd. (NVGS) rocketed 23.54%, and it is now up 43.84% in the last month alone. PayPal Holdings (PYPL) rode the back of the recovery in tech stocks and soared 7.67%. Five other positions rose by at least 2% as well.

The big story of the week was surrounding Navigator Holdings Ltd. (NVGS), which has stood out in your Smart Money Masters portfolio for its highly volatile performance.

Shares of Navigator Holdings Ltd. soared last week following the announcement late on July 12 that the company was partnering with energy giant Enterprise Products Partners (EPD) on the development of an ethylene export terminal at Enterprise’s Morgan’s Point facility on the Houston Ship Channel.

The terminal will service the ethylene storage and pipeline system with 600 million pounds of capacity. The facility will be connected to Enterprise’s vast ethylene pipeline system, which in turn is connected to numerous major ethylene producers and consumers on the U.S. Gulf Coast. For Navigator, this is a big deal, as 14 of its vessels — nearly 40% of its fleet — are capable of shipping ethylene.

Here is a caveat.

The agreement is only a Letter of Intent. This means the two parties still must negotiate the terms of the partnership. It could take a long time before the first tanker of ethylene is even shipped out of this facility.

Exclusive  Beware of Recent White-Hot IPO Valuations

Continue to expect that Navigator Holdings’ stock will be highly volatile in the months ahead.

Portfolio Update

Three of your Smart Money Masters holdings — Kraft Heinz (KHC), Costco (COST) and BlackBerry (BBRY) are below their 50-day moving averages (MA) and are currently HOLDs. However, Navigator Holdings (NVGS) is now firmly back above its 50-day MA and is back to a BUY.

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1. Conservative Recommendation Amazon.com (AMZN) Amazon has resumed its solid uptrend after the recent sell-off in tech stocks. It now boasts a 100% buy recommendation based on my proprietary momentum indicators. Given the company’s market position and continued dominant market position with a 12-month price target as high as $1,300, there is plenty of upside left in the stock. 2. Aggressive Recommendation Navigator Holdings Ltd.


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