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| Stan Wong of Macquarie Private Wealth | |
|---|---|
Stan Wong | |
| Stan Wong is one of Canada’s leading investment professionals. With over 14 years of experience, he provides industry leading wealth management and investment counsel to affluent families, small business owners and institutional clients in Canada. As a qualified and registered Associate Portfolio Manager, Stan retains one of the highest levels of registration in the investment services industry. The Associate Portfolio Manager title is a designation that requires a high level of academic achievement and success in the investment industry. Prior to joining the predecessor firm to Macquarie Private Wealth in 2006, Stan worked as an Investment Advisor at CIBC Wood Gundy and its predecessor firm, Merrill Lynch, for eight years. | |
| 675 Cochrane Drive | |
| Macquarie Tower, Suite 700 | |
| Markham ON | |
| L3R 0B8 | |
| 905 968 1928 | |
| Stan Wong's website | |
| Toll Free: 1 877 968 1928 | |
| Fax: 905 968 1915 | |
| stan.wong@macquarie.com |
| TOP PICK | Potash Corp of Saskatchewan | POT-T | 103.500 | World's largest potash producer. After expansion they will have 22% of global capacity so will control both demand and supply. Expects a volume increase in 2010 with a pricing increase in 2011. | 2010-06-17 | ||
| TOP PICK | LuLulemon Athletica | LLL-T | 45.250 | One of the best growth stories in the retail space in Canada. Now has over 100 stores in Canada, US, Hong Kong and Australia. Have positive earning surprises over the past 8 consecutive quarters. Long-term annual growth forecast is 25% per annum. | 2010-06-17 | ||
| TOP PICK | Royal Caribbean Cruises | RCL-N | 30.140 | 2nd largest cruise line globally. 38 ships with 84,000 passengers and are building 4 more ships for 2012 bringing in over 100,000 passengers. Should benefit from firmer pricing. Long-term 20% annual growth forecast. | 2010-06-17 | ||
| PAST TOP PICK | JP Morgan | JPM-N | 38.440 | (A Top Pick Nov 4/09. Down 9%.) Good management team and good risk controls. Stock is down waiting to see what the US government does on financial reforms. Beat estimates 11 out of the last 12 quarters. Forward PE at around 12X. have room to boost the dividend. | 2010-06-17 | ||
| PAST TOP PICK | Corning Inc | GLW-N | 18.310 | (A Top Pick Nov 4/09. Up 22.5%.) 45% of the company's sales and 80% of profits are from LED and LCD screens. Cheap at under 9X forward PE. Long-term growth forecast is 12% annually. Can benefit from a recovery on the consumer's side. | 2010-06-17 | ||
| PAST TOP PICK | Market Vector Hard Assets ETF | HAP-N | 30.760 | (A Top Pick Nov 4/09. Down 3%.) Treat as a trading stock. | 2010-06-17 | ||
| DON'T BUY | Microsoft | MSFT-Q | 26.370 | More of a mature technology name. Trading at about 13X forward earnings. Long-term market growth forecast is growing at about 11.5%. Could benefit from Windows 7 upgrades. Corporate PC cycle will be a catalyst. Office 2010 is being adopted more heavily. There are other names with more growth in the tech space. | 2010-06-17 | ||
| DON'T BUY | Gammon Lake Resources | GAM-T | 7.040 | Gold. Just fired a lot of people in a mine in Mexico and the stock fell 9%. Gold prices have been hitting all-time highs versus the producers. Would rather own the commodity. | 2010-06-17 | ||
| DON'T BUY | Visa Inc. | V-N | 28.710 | Big drop from the $90's. PE is close to 20X so it is well above market. Long-term annual growth is still very strong at around 19%. Trading at a premium to its peers American Express (AXP-N) at 14X, MasterCard (MA-N) at 15-16X and Capital One (COF-N) at 11X’s. As US banks consolidate, they may have more power to ask for more concessions. | 2010-06-17 | ||
| BUY on WEAKNESS | Apple | AAPL-Q | 271.870 | Great company with a very diversified product mix. iPad is doing well and iPhone is expected to do very well. 18%-20% long-term earnings growth estimates. Would prefer at $250. | 2010-06-17 | ||
| DON'T BUY | Claymore Natural Gas Commodity ETF | GAS-T | 4.070 | Natural gas is one of the most volatile commodity out there. A very difficult area to play. This ETF may not necessarily track the actual movement of the commodity perfectly. Would prefer one of the natural gas trusts. | 2010-06-17 | ||
| DON'T BUY | iShares S&P/TSX Global Gold | XGD-T | 23.510 | Gold stocks ETF. You have to decide if you want to be in the producers or in the gold itself. This is not made new highs where gold itself has. With global political/financial problems there is a defensive mood so gold may outperform producers. | 2010-06-17 | ||
| Comment | Canadian Natural Rsrcs | CNQ-T | 37.560 | Chart shows that this has been moving sideways for quite some time. Not exciting in terms of a catalyst for the stock. Has broken below both the 200 and 50 day moving averages. Yield of 6.94%. With the problems in the Gulf, the spotlight is now on the oil sands. Very neutral on this one. | 2010-06-17 | ||
| BUY on WEAKNESS | Pacific Rubiales Energy Corp. | PRE-T | 24.630 | Stock has done extremely well and is currently slightly overbought with the Relative Strength Index. Would prefer to see it closer to the 50 day moving average of around $21.50. Great earnings momentum, good current year growth and very strong next year's growth. | 2010-06-17 | ||
| BUY on WEAKNESS | Agrium | AGU-T | 53.900 | Likes the agriculture space and feels the fertilizer space will recover. Try to get at $50. (See Top Picks.) | 2010-06-17 | ||
| WATCH | Teck Resources Ltd. (B) | TCK.B-T | 35.430 | Dropped below the 50 and 200 day moving averages and is now bumping up against them so he would watch to see if it can break above that. In general he likes the material space. | 2010-06-17 | ||
| DON'T BUY | Harley Davidson | HOG-N | 27.240 | From a charting perspective, this looks interesting. Fell down to the 200 day moving average and it is important to see if it falls below. From a quantitative perspective, the forward price earnings ratio is 21X earnings and the annualized growth forecast is 9% so it doesn't add up for him. There are a host of names that look like they have much higher growth potential. | 2010-06-17 | ||
| DON'T BUY | Encana Corp | ECA-T | 35.610 | Neutral on this stock. Current and next year's growth seems a bit under whelming. Earnings momentum is not extremely strong. Natural gas long-term is over sold and short-term overbought. | 2010-06-17 | ||
| DON'T BUY | General Electric | GE-N | 15.910 | So diversified it is a barometer for the economy. If looking for above average market return this company will just match it at this point. GE Capital did not go through as much turmoil as other financials so that is a positive. Trading at 14X earnings and long-term growth is at 11% so not overwhelming. Prefers others such as Kansas City Southern (KSU-N) and Deere (DE-N). | 2010-06-17 | ||
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| BUY on WEAKNESS | Kansas City Southern | KSU-N | 41.200 | Railroad. On his radar. | 2010-06-17 | ||
| DON'T BUY | Merck & Company | MRK-N | 35.860 | 3rd largest pharmaceutical behind Johnson & Johnson (JNJ-N) and Pfizer (PFE-N). We are in an economic recovery and if this continues and there is no double dip, health-care stocks and consumer staples won't necessarily be your best performers. | 2010-06-17 | ||
| Comment | SPDR Technology E.T.F. | XLK-N | 22.410 | Technology ETF. Best month for technology is January followed by December and then November. This has just broken through the 200 and 50 day moving averages, which is very positive. Likes technology. Cash rich and good cash flow. Consider iShares Global Tech (IXN-N) ETF, which gives you a more global perspective. | 2010-06-17 | ||
| TOP PICK | Quadra FNX Mining Ltd | QUX-T | 16.320 | High growth, mid tier copper producer. Will vault from 6th or 7nth into number 2. Have assets in very political stable mining friendly regions. The merger with FNX Mining will diversify them. Outlook for copper continues to be strong. | 2010-04-08 | ||
| TOP PICK | Tata Motors Ltd. | TTM-N | 18.740 | India is one of the fastest growing economies globally. This is India’s largest automaker and one of the top 10 in the world with over 130 models. Benefiting from improving markets around the world. | 2010-04-08 | ||
| TOP PICK | iShares Xinhua China 25 ETF | FXI-N | 43.773 | Xinhua China 25 ETF. Holds 25 of the largest most liquid Chinese companies. In the last 10 years, the Chinese economy has doubled. Looking forward by 2050 China is expected to be the largest economy. | 2010-04-08 | ||
| PAST TOP PICK | Ford Motor | F-N | 12.630 | (A Top Pick Sept 17/09. Up 83.1%.) Still a Buy. Good product line. Gaining market share. 4 consecutive quarters of earnings surprises. | 2010-04-08 | ||
| PAST TOP PICK | Western Digital | WDC-N | 40.340 | (A Top Pick Sept 17/09. Up 11%.) Should continue to recover with the global recovery of IT spending as well as PC upgrade cycle. Made $1.85 last quarter versus analysts’ estimates of $1.36. 12 straight quarters of earnings surprises. Very cheap at 6.7X forward earnings. Still a Buy. | 2010-04-08 | ||
| PAST TOP PICK | iShares Global Tech | IXN-N | 0.000 | (A Top Pick Sept 17/09. Up 12% excluding dividends.) Tech sector continues to have the strongest long-term growth forecast. | 2010-04-08 | ||
| Comment | Shoppers Drug Mart Corp | SC-T | 38.920 | Earnings have been relatively flat. He is neutral on the stock at this point. He would rather look at the more cyclical retailers. Consumer staples space, which historically is not going to be one of your best drivers when the economy is rebounding. | 2010-04-08 | ||
| BUY | Agrium | AGU-T | 68.570 | There are signs that the demand in fertilizer is coming back in 2010, which would allow the stock to continue to move up. | 2010-04-08 | ||
| DON'T BUY | Gammon Lake Resources | GAM-T | 7.200 | Have had a lot of revisions downwards by analysts in terms of its forward earnings. Below the 50 and 200 day moving averages. | 2010-04-08 | ||
| DON'T BUY | General Electric | GE-N | 18.560 | Industrial space is a cyclical area and this one is the broad-based call on the global economy. About the 50 and 200 day moving averages. He would prefer something like Deere (DE-N) or Boeing (BA-N). | 2010-04-08 | ||
| Comment | Silver Wheaton | SLW-T | 17.310 | Likes silver a bit more than gold because of its industrial usage. This one looks interesting. Decently positioned. He would prefer Silvercorp (SVM-T). | 2010-04-08 | ||
| HOLD | Dow Chemical | DOW-N | 30.730 | Chart shows a series of higher highs and higher lows. Made $.18 last quarter versus $.10 estimated. Likes the materials space. Good growth metrics with some momentum behind it. | 2010-04-08 | ||
| HOLD | BHP Billiton Ltd. | BHP-N | 81.360 | World's largest mining company out of Australia. Fantastic looking chart. Leveraged to the global economy. You could also consider Vale (VALE-N), the 2nd largest mining company globally. (See Top Picks.) | 2010-04-08 | ||
| DON'T BUY | Johnson & Johnson | JNJ-N | 64.930 | One of the stronger names in the healthcare space but this might not be the best performing sector. Chart looks quite nice moving along the 50 day moving average. 3% yield with a 40% payout ratio. | 2010-04-08 | ||
| Comment | Dollarma Inc. | DOL-T | 24.280 | Doing very well. Most of their goods they purchase are from overseas so with a high Cdn$ they have an advantage. He is more geared towards the higher end of consumer discretionary stores. | 2010-04-08 | ||
| BUY | Pfizer Inc | PFE-N | 17.140 | Like it for its dividend of about 4.1%. Very high cash flow. Have diversified their product line with the acquisition of Wyeth. | 2010-04-08 | ||
| HOLD | Western Canadian Coal Corp. | WTN-T | 5.960 | Shows up well in his ranking system. Blew away earnings in the last quarter making $.09 while the estimate was $.01. Looks a little overbought at this point. Would prefer it at the 50 day moving average of about $4.85. | 2010-04-08 | ||
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| BUY on WEAKNESS | Sherritt International Corp. | S-T | 21.330 | Showing up nicely on his screen. Recently beat estimates. Has some earnings momentum. Moving along the 50 and 200 day moving averages. Expect there will be a pullback and would consider at $8. | 2010-04-08 | ||
| BUY | Philip Morris International | PM-N | 52.370 | Fantastic yield at 6.7%. Decent payout ratio at 74%. High cash flow business. From a growth perspective, tobacco companies tend not to screen well but this stock is doing well. | 2010-04-08 | ||
| DON'T BUY | Hudbay Minerals Inc. | HBM-T | 13.210 | Materials space looks interesting. A lot of talk lately as to whether it would be acquired so the stock has been relatively flat in the last little while. (See Top Picks.) | 2010-04-08 | ||
| HOLD | Research In Motion | RIM-T | 69.800 | Also owns Apple (AAPL-Q) and has been frustrated owning this one. Can be a trading stock because of its volatility. This stock has to be driven by events. There is an analysts’ day coming up on April 26, which could have some new product lines coming out. | 2010-04-08 | ||
| BUY | Cisco | CSCO-Q | 26.280 | Has either in its space. Made $.40 last quarter beating estimates of $.30. Above the 50 and 200 day moving averages. | 2010-04-08 | ||
| DON'T BUY | Claymore Natural Gas Commodity ETF | GAS-T | 3.570 | Natural gas ETF. Natural gas and currency are 2 of the most difficult things to predict. If he were going to own natural gas, he would rather own the companies that produce it. | 2010-04-08 | ||
| HOLD | Royal Bank | RY-T | 58.940 | Some of the downside risks could be increased because of regulatory rules and changes on how they operate. This one has a great balance sheet. Chart shows at doing extremely well but wonders if there will be a bit of a pause in some of the banks. | 2010-04-08 | ||
| DON'T BUY | CitiGroup | C-N | 4.470 | Almost 27% of the stock is still owned by the US government and if the government exits its position, it should be positive for the stock but who knows when that will happen. He would rather own the new leaders in that space such as Goldman Sachs (GS-N), J.P. Morgan (JPM-N) or Morgan Stanley (MS-N). | 2010-04-08 | ||
| DON'T BUY | iUnits S&P/TSX Energy E.T.F. | XEG-T | 18.730 | S&P/TSX energy ETF. Energy sector has lagged in the last little while. Crude prices have gone up quite a bit but stocks have not matched it. | 2010-04-08 | ||
| TOP PICK | Starbucks | SBUX-Q | 21.810 | World-class name. 16,000 locations globally. Have been doing very good cost cutting lately. 4 straight quarters of positive earnings surprises. Long-term growth rate of 16%. Likes the consumer discretionary space, which is where the growth is now. Trading at a forward PE of 20X’s versus its 5 year average of 30. | 2010-02-04 | ||
| TOP PICK | Seagate Technology | STX-N | 13.170 | Hard disk drive manufacturer for servers and consumer electronic products. 3 straight quarters of positive earnings surprises. Last quarter beat estimates by over 50%. Very cheap at under 6X forward earnings. | 2010-02-04 | ||
| TOP PICK | iShares Global Materials ETF | MXI-N | 55.340 | Global Materials ETF. Very decent growth in materials. When you are moving into a recovery in the economy, materials is one of the best performing spaces. On a timely basis this is one of the most oversold areas in the 10 sectors. Truly global as only about 30% is North American. | 2010-02-04 | ||
| PAST TOP PICK | Apple | AAPL-Q | 192.050 | (A Top Pick June 19/09. Up 38%.) Still likes. Thinks the new iPad will help them gather steam. 12 straight quarters of positive earnings. Trading at 17X forward earnings. Still undervalued. | 2010-02-04 | ||
| PAST TOP PICK | Market Vectors Agribusinesses E.T.F. | MOO-N | 41.060 | (A Top Pick June 19/09. Up 18.4%.) Agriculture ETF. Long-term feces developing countries changing their food habits from starch-based two more protein-based. | 2010-02-04 | ||
| PAST TOP PICK | Claymore Natural Gas Commodity ETF | GAS-T | 5.360 | (A Top Pick June 19/09. Down 31.6%.) Got stopped out at about 10% down. | 2010-02-04 | ||
| BUY | Altria Group Inc | MO-N | 19.420 | Nice company to own if you are looking for a consistent and stable yield. Yielding almost 7%. Payout ratio is not too exorbitant so dividend should be safe. | 2010-02-04 | ||
| BUY | Alcoa | AA-N | 12.910 | Has come down to around the 200-day moving average and trading around 16X forward earnings so looks interesting. Thanks it's due for a bounce. Likes the materials space. | 2010-02-04 | ||
| BUY | Mastercard Inc. | MA-N | 222.110 | Very good moneymaking machine. Riding along the 50-day moving average and not falling below it. You could also look at Capital One Financial (COF-N) or American Express (AXP-N). | 2010-02-04 | ||
| BUY | Bombardier Inc (B) | BBD.B-T | 5.290 | Industrial space can do well if we continue on the path of an economic recovery and he likes the space. Charts look very strong floating along the 50-day moving average. Prefers Boeing (BA-N). | 2010-02-04 | ||
| WEAK BUY | General Electric | GE-N | 16.040 | This is a big US name that is going to follow the economy. Likes the name but there are others more interesting. Trading around 16X earnings versus the market which is trading around 14X’s. | 2010-02-04 | ||
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| DON'T BUY | Bank of America | BAC-N | 14.750 | Very concerned with what the US government will or will not do with new banking regulations. Earnings momentum seems pretty negative. Lofty PE of 17X earnings. Would be careful. | 2010-02-04 | ||
| DON'T BUY | Shoppers Drug Mart Corp | SC-T | 42.840 | Really a consumer staple stock. Think investors will be moving to higher beta area such as technology, materials, resources etc. | 2010-02-04 | ||
| BUY | Rogers Communcations (B) | RCI.B-T | 32.990 | Has a great mix of different assets such as wireless, cable and sports. Worries about competition are overblown. | 2010-02-04 | ||
| BUY | Dow Chemical | DOW-N | 26.610 | Looks interesting. In the materials sector, which he likes. Recently beat earnings. | 2010-02-04 | ||
| BUY | Gammon Lake Resources | GAM-T | 9.400 | Gold/Silver. Looks very attractive. Very good earnings. If gold starts moving up, some of the companies will leverage up and do better than the price of gold bullion itself. | 2010-02-04 | ||
| BUY | DuPont | DD-N | 32.520 | Likes the materials sector. | 2010-02-04 | ||
| BUY | iUnits S&P/TSX Energy E.T.F. | XEG-T | 17.520 | A basket of the larger cap Canadian gold companies, which is a good area to look at. | 2010-02-04 | ||
| BUY on WEAKNESS | Ford Motor | F-N | 11.060 | Loves this company. When it comes to rivals, there isn't anybody left any more in North America. Have continually beat estimates on an ongoing basis. Revisions are moving up on both a quarterly and annual basis. | 2010-02-04 | ||
| BUY | Enbridge | ENB-T | 47.270 | Pipeline transporting crude and natural gas so very little volatility. This is one you can rely on for a very consistent dividend and dividend growth. Yielding over 3.6%. Don't expect to see explosive growth. | 2010-02-04 | ||
| DON'T BUY | Bank of Montreal | BMO-T | 51.920 | A lot of the stocks within the banking space have been relatively flat over the last several months. Would prefer other names in the Canadian financial space such as AGF Management (AGF.B-T) with over 6.2% yield. Dundee Wealth (DW-T) looks like it is turning itself around. | 2010-02-04 | ||
| BUY | AGF Management (B) | AGF.B-T | 16.020 | Would be his choice in the Canadian financial space. 6.2% yield. | 2010-02-04 | ||
| DON'T BUY | Thompson Creek Metals | TCM-T | 12.120 | Likes the materials space and this one looks interesting at the 200-day moving average but in terms of growth and earnings it's not as exciting as some of the other names. | 2010-02-04 | ||
| BUY | Intel | INTC-Q | 19.020 | Likes the technology and semiconductor space. This one ranks very well in his system. Beat earnings in January. Over 3.2% dividend. | 2010-02-04 | ||
| BUY | Micron Technology | MU-Q | 8.610 | Likes the technology and semiconductor space. The technology here is being recycled very quickly, which is what he likes. Forward PE is only at 10X earnings. | 2010-02-04 | ||
| DON'T BUY | Barrick Gold | ABX-T | 36.450 | The largest name in gold. Had some decent earnings in the last quarter and will be reporting again in a couple of weeks. This may not be your best leveraged name when looking at gold. He would prefer some of the mid-cap smaller names. You could own Gold S&P/TSX ETF (XGD-T) as this is the largest name in this as well giving you exposure to other names. | 2010-02-04 | ||
| PAST TOP PICK | Apple | AAPL-Q | 191.860 | (A Top Pick June 19/09. Up 38.1%.) Brand name for the iPhone and iPod are dominant. A catalyst coming up will be the Tablet in 2010. | 2009-12-17 | ||
| PAST TOP PICK | Market Vectors Agribusinesses E.T.F. | MOO-N | 43.000 | (A Top Pick June 19/09. Up 25.5%.) Still likes the agriculture sector a lot. This one has exposure to fertilizer, seeds and equipment. There will be a greater and greater demand for food so this is an area that should continue to do well. | 2009-12-17 | ||
| PAST TOP PICK | Claymore Natural Gas Commodity ETF | GAS-T | 5.740 | (A Top Pick June 19/09. Down 26.4%.) Got stopped out with a 10%-11% loss. | 2009-12-17 | ||
| TOP PICK | Rogers Communcations (B) | RCI.B-T | 30.790 | Recent selloff was very much overdone. They have a very attractive asset mix of good growth areas, both in wireless and cable as well as the media side. Earnings are expected to grow 11% next year. Very good earnings report last quarter with $.70 earnings versus $.52 estimates. 3.8% dividend. | 2009-12-17 | ||
| TOP PICK | Freeport McMoran Copper & Gold | FCX-N | 75.960 | Largest pure play mining company globally. Also have assets in gold and molybdenum. Outlook for copper is the best for near and long-term with the growth and demand from China. Forward PE is 11X, which is pretty cheap. | 2009-12-17 | ||
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| TOP PICK | iShares S&P Asia 50 ETF | AIA-N | 38.690 | ETF which owns 50 of the largest companies in Asia including China, South Korea, Singapore and Hong Kong. All of these areas are expected to have GDP growth by over 4.5%-9.4%. | 2009-12-17 | ||
| STRONG BUY | Ford Motor | F-N | 9.390 | Did extremely well. Had a $0.26 earnings operating EPS over an expected loss of $0.14 in the last quarter. Decent product line. Will return to profitability in 2010. | 2009-12-17 | ||
| DON'T BUY | Bank of America | BAC-N | 14.860 | Now have a new CEO. Will probably return to profit next year. The stock is still highly levered to the consumer and there is still 10% unemployment in the US. Would prefer investment banks instead. | 2009-12-17 | ||
| HOLD | Visa Inc. | V-N | 87.030 | Very profitable company with a lot of great margin. Good business model. Trading at 24X forward earnings, which look a little rich. As banks consolidate, expect they will start looking for concessions and squeeze them on the margins. If you own, hang on until it breaks down through the 50-day moving average. | 2009-12-17 | ||
| SELL | Manulife Financial | MFC-T | 18.600 | Unimpressive earnings in the last quarter with a loss of $.12. Doesn't feel comfortable with the stock at this point. Doesn't see growth in the near-term. Sold his holdings. | 2009-12-17 | ||
| BUY | Research In Motion | RIM-T | 67.050 | This stock is driven by earnings reports and they had one today. We consider this as a stock from a trading perspective. If he gets back up to the $90's, you might consider selling and go back in on weakness. | 2009-12-17 | ||
| DON'T BUY | Dell Computers | DELL-Q | 13.740 | Last earnings release had $.22 in earnings, while the Street had estimated $.28. Earnings estimates have been moving down for the next quarter and the next 12 months. | 2009-12-17 | ||
| BUY | Western Digital | WDC-N | 41.980 | Manufacture internal hard drive storage for computers. Has great technical strength. Cheap at 11X earnings. | 2009-12-17 | ||
| BUY | Sino-Forest Corp | TRE-T | 17.520 | Great name. Basically a timber/lumber company. Growth in China is phenomenal. Trading at forward earnings of 9X. Has just come down to a 50 day moving average, so it looks attractive. Last quarter made $.52 while the Street estimated $.41. | 2009-12-17 | ||
| Comment | iShares Global Timber & Forest ETF | WOOD-Q | 38.721 | Forestry products ETF. Primarily North American. Very thinly traded. If you are interested in this area, consider Claymore Beacon Global Timber ETF (CUT-N). | 2009-12-17 | ||
| Comment | Claymore Beacon Global Timber ETF | CUT-N | 17.580 | Forestry products ETF. Around 35% North American companies. | 2009-12-17 | ||
| BUY | iShares S&P/TSX REIT ETF | XRE-T | 11.210 | REIT ETF. 6%-7% yield. Likes this space. Good area if you want yields. | 2009-12-17 | ||
| Comment | George Weston Ltd. | WN-T | 63.900 | Consumers staple space. Has done well in the last few months. If you are looking for something levered to an economic recovery, this is not the best space to be in. Great franchise. Trading at 17X forward earnings. | 2009-12-17 | ||
| DON'T BUY | Barrick Gold | ABX-T | 41.050 | If buying gold, consider making an entry when it is at its 50-day moving average of about $1100. This company is the largest one in gold but he prefers owning the entire space so he would prefer iUnits Gold S&P/TSX ETF (XGD-T), which owns this company along with others. | 2009-12-17 | ||
| BUY | iShares Silver E.T.F. | SLV-N | 16.790 | He likes silver, even more than gold. This is currently right around the 50 day moving average. Long-term he feels silver will move up with gold. | 2009-12-17 | ||
| DON'T BUY | General Electric | GE-N | 15.790 | Doesn't track extremely well for him. Beat estimates in the last quarter but from her growth perspective, he just doesn't see it. 2.5% yield. | 2009-12-17 | ||
| DON'T BUY | Exxon Mobil | XOM-N | 68.220 | Just made a very big acquisition. Stock is very cheap at 11X earnings. Just below the 200-day moving average, which could be an entry point. He would prefer material more so than energy. | 2009-12-17 | ||
| DON'T BUY | Imperial Oil | IMO-T | 39.760 | He would prefer material more so than energy. | 2009-12-17 | ||
| BUY | JP Morgan | JPM-N | 40.270 | This is his preferred way to play US banks. This one is a great name. Very strong management. In both investment banking and consumer banking. Handily beat estimates by 15% last quarter. Pretty cheap PE at 12X forward earnings. | 2009-12-17 | ||
| DON'T BUY | CitiGroup | C-N | 3.200 | Would not want to own this one at this point. Expected to make $.10 next year. Trading at 34.5X PE, which is too rich. | 2009-12-17 | ||
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| WATCH | Applied Materials | AMAT-Q | 13.350 | Likes tech space and this ranks very well in his model. Surprised on the upside with earnings of $.11 versus expected $.02 in the last quarter. Earnings momentum seems to be going upwards. Seems to get stuck around $14 range and as it is moving towards this again he would be very careful. | 2009-12-17 |
