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Our International Stocks Continue To Soar
The ADR Alert
Tuesday, June 21, 2005
By Alexander Green, Investment Director
#66
** Our International Stocks Continue To Soar
While most U.S. stocks continue to sputter, our international portfolio is blasting off.
A prime example is Canadian Natural Resources (NYSE: CNQ). We’ve been in this stock just over two months, but our shares are already up 35%. (The S&P 500 is up 3% over the same period.) Move your sell stop up to $35 to protect your profits here.
And our CNQ September $32.50 calls are really flying, up 400%. Go ahead and sell half your CNQ calls (CNQ-IZ) to lock in some profits now. We’ll the let the balance ride for potentially bigger profits down the road.
Another top performer for us has been Chile’s Sociedad Quimica y Minera (NYSE: SQM). In just over a month, our shares have jumped 19%. Move your sell stop up to $93 to protect your profits here. (There are no call options on this one.)
And Xyratex, a British maker of virtual storage systems and disk drive components, has been very much in the news lately. This month it announced a new application software platform offering high bandwidth, improved interconnects, and better storage. These new products will boost sales and earnings in this year’s third quarter. But I expect the stock to trend higher immediately in anticipation of improving results.
In short, all our international stocks are in the plus column, with the sole exception of Marvell Technology. Marvell received a downgrade from UBS last week, since an analyst there believed that the company’s future earnings are “already discounted.”
I think he’s being too conservative and I won’t be surprised if Marvell resumes its upward trend.
If you have any questions, feel free to call one of our VIP Trading Services representatives at 888.570.9830 (toll-free) or e-mail: viptrader@oxfordclub.com, or contact Pillar One Advisor Greg Galloway at 800.438.3040 or 407.667.4729.
Stock
Country
Current Price
Comments
Marvell Tech. (Nasdaq: MRVL)
Bermuda
$38.72
Buy. Sell stop is $34.
Sociedad de Chile (NYSE: SQM)
Chile
$98.30
Buy. Move sell stop up to $93.
Xyratex Ltd. (Nasdaq: XRTX)
England
$18.13
Buy. Sell stop is $13.50.
Comp. Rio Doce (NYSE: RIO)
Brazil
$30.45
Buy. Sell stop is $23.
Canadian Nat. Res (NYSE: CNQ)
Canada
$37.20
Buy. Move sell stop up to $35.
Statoil ASA (NYSE: STO)
Norway
$19.69
Buy. Sell stop is $15.
Bio: Alexander Green is the Investment Director of The Oxford Club. A Wall Street veteran, he has over 16 years experience as a research analyst, investment advisor, and professional portfolio manager. Mr. Green is also considered one of the most talented financial writers in the business. He’s been featured on “The O’Reilly Factor,” profiled by Forbes and Marketwatch.com, and has written for Louis Rukeyser and several other leading financial publications. He currently writes and directs The Oxford Club Communiqué, the Oxford Insight e-letter, and four elite trading services: one focused on momentum stocks, another focused on companies with significant insider buying, another dedicated to international growth stocks and another focused on short-selling fundamentally flawed companies. Mr. Green is also a top-rated speaker at financial conferences around the country.
Copyright – 2005 The Oxford Club, LLC. The Oxford Club does not act as an investment advisor or advocate the purchase or sale of any security or investment. The Oxford Club expressly forbids its writers from having a financial interest in any security recommended to its readers. All of our employees and agents must wait 24 hours after an Internet publication prior to following an initial recommendation. And for hard-copy-only publications, 72 hours after the publication is mailed. Investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. The Oxford Club provides its members with unique opportunities to build and protect wealth, globally, under all market conditions. The executive staff, research department and editors who contribute to The Club’s recommendations are proud of the reputation The Oxford Club has built since its inception in 1984. We believe the advice presented to its members in our published resources and at our meetings and seminars is the best and most useful available to global investors today. The recommendations and analysis presented to members is for the exclusive use of members. Copying or disseminating any information published by The Oxford Club, electronic or otherwise is strictly prohibited. Members should be aware that investment markets have inherent risks and there can be no guarantee of future profits. Likewise, past performance does not assure future results. Recommendations are subject to change at any time.
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