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| Steven Conville of Macquarie Private Wealth |
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| Steven Conville's website |
| BUY | HBP S&P/TSX 60 Bear+ E.T.F. | HXD-T | 13.060 | S&P/TSX 60 Bear+ ETF. Would encourage investors to use a small portion of their portfolio to get a little bit of defensive protection. This is a double short so if you use 2.5% of your portfolio, it would react as if it were 5% of your portfolio. If he is wrong and the market goes roaring, the other 97.5% of your portfolio will cover it. Not a long-term hold.t | 2009-12-18 | ||
| TOP PICK | BCE Inc. | BCE-T | 27.510 | Likes management. Not a large uptick in share price but 7% dividend is good | 2009-12-18 | ||
| TOP PICK | Manulife Financial | MFC-T | 18.750 | Stock has taken a beating but is still in the position of being one of the world's largest insurers. Although they recently cut their dividend, investors will be rewarded 5 years from now. | 2009-12-18 | ||
| PAST TOP PICK | Dividend 15 Split Corp. | DFN-T | 10.050 | (A Top Pick Aug 17/09. Down 6.5%.) Liked it because it was a financial services based preferred shares. Basically a basket of major financial services companies with the maturity value of 10. You're paying a bit of a premium but when you compare to money market yields and bonds it could give you a nice capital gain if things got rocky otherwise you make 5% until maturity. | 2009-12-18 | ||
| PAST TOP PICK | United States Steel | X-N | 49.230 | (A Top Pick Aug 17/09. Up 16.6%.) Still likes, as he is bullish on steel midterm. Short term it might pare back because of some short-term volatility. | 2009-12-18 | ||
| PAST TOP PICK | Pimco High Income Fund | PHK-N | 11.700 | (A Top Pick Aug 17/09. Up 30.4%.) Starting to exit this one and should be out by the end of the year. | 2009-12-18 | ||
| DON'T BUY | National Bank of Canada | NA-T | 60.200 | A lot of the steam is out of the banks and can't see it improving for 2 years. Doesn't see a consist raise in dividends in this climate to make it as attractive as other stocks. For a long-term hold without exposure to foreign markets it is fine. | 2009-12-18 | ||
| SELL | Bank of America | BAC-N | 15.030 | This is a long-term hold and maybe a short-term sell. Not enamored of most US banks. Still a lot of issues that they face in terms of default risks/credit risks. | 2009-12-18 | ||
| HOLD | Royal Bank | RY-T | 54.810 | Management style is very conservative, which he likes. Long-term hold. | 2009-12-18 | ||
| DON'T BUY | Home Depot | HD-N | 28.650 | US has a lot of government incentives for renovations, new homes and building in general. Problem is this spending eventually falls back on the taxpayer. Has had a pretty nice run. If more government cash is pumped into the system this might go $4-$5 higher based on manufactured earnings. If you own you might want to take some profits. | 2009-12-18 | ||
| BUY | Manitoba Telecom Services | MBT-T | 34.000 | Nice conservative dividend play. 7.65% yield. Limited to Manitoba so competition is not much of a problem. | 2009-12-18 | ||
| Comment | Agrium | AGU-T | 62.130 | Deadline for acquiring CF Industries is tonight but he feels another deadline could be set. Likes the agricultural sector in general but this company has had a fantastic run and if you bought it near the lows you might consider selling it. | 2009-12-18 | ||
| HOLD | Power Financial Corp | PWF-T | 30.390 | Very diversified in terms of its financial holdings. Could see this one going sideways over the next 6 to 12 months. Well run company. Still has room to the upside but it will be a slower crawl. | 2009-12-18 | ||
| BUY | Talisman Energy | TLM-T | 18.960 | Oil stocks have generally lagged in terms of performance and they will be companies he will be looking to in 2010. If the market starts to get a little finicky and people are looking for an opportunity to get some returns, oil stocks that have lagged me have a better performance. | 2009-12-18 | ||
| Comment | Enbridge | ENB-T | 48.030 | Quality company and pretty much a solid utility without much competition for its services. | 2009-12-18 | ||
| Comment | Rogers Communcations (B) | RCI.B-T | 31.190 | Long-term this is a good company for growth. Have reduced their debt but it is still highly leveraged and the market is punishing it. Pricing may have to come down which, in the short term could impact the bottom line but in the long-term could lead to good earnings growth going forward. | 2009-12-18 | ||
| BUY | Suncor Energy Inc | SU-T | 35.750 | When you have a market that is approaching or is already over bought, the market gets nervous and will punish companies for any minor glitch. He likes all of the North American large-cap energy services companies. | 2009-12-18 | ||
| DON'T BUY | Dell Computers | DELL-Q | 13.740 | Thinks the PC sector has had its run. Can't see this company having a better year in stock performance than it did this year. | 2009-12-18 | ||
| DON'T BUY | Kinross Gold | K-T | 19.170 | If gold gets up to $1500 or $2000, he could see this one hitting its highs $36-$40. However if gold gets to $1350 a market wouldn't be excited about this stock. | 2009-12-18 | ||
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| BUY | Costco Wholesale | COST-Q | 58.430 | (Market Call Minute.) Very well run company and a good stock. If we are in a bad economy, people will continue to use their services. | 2009-12-18 | ||
| DON'T BUY | Bombardier Inc (B) | BBD.B-T | 4.760 | (Market Call Minute.) Any time he has ever bought this one he has lost money. Not a fan of airlines. | 2009-12-18 | ||
| PARTIAL SELL | GOOG-Q | 596.420 | (Market Call Minute.) Has had a fantastic run and near-term you might want to take some profits. Getting close to over bought. | 2009-12-18 | |||
| TOP PICK | iShares Silver E.T.F. | SLV-N | 15.820 | iShares Silver ETF. There has been a de-coupling of the relationship between gold and silver prices. One of 2 things has to happen. Either gold has to come off significantly or silver has to move up. | 2009-10-02 | ||
| TOP PICK | Gerdau Ameristeel Corp | GNA-T | 8.310 | A stimulus play. You can get a lot of alpha out of this play if there continues to be a lot of stimulus money going into the economy. Try to get it below $8. | 2009-10-02 | ||
| TOP PICK | Stantec Inc | STN-T | 26.470 | Engineering. Has backed off recently and may drop a little more. Have more work orders than they have workers. Good infrastructure play. | 2009-10-02 | ||
| PAST TOP PICK | Goldcorp Inc | G-T | 41.320 | (A Top Pick June 1/09. Up 2.4%.) Still buy. | 2009-10-02 | ||
| PAST TOP PICK | United States Steel | X-N | 40.750 | (A Top Pick June 1/09. Up 11.5%.) | 2009-10-02 | ||
| PAST TOP PICK | HBP NYMEX Nat'l Gas Bull+ | HNU-T | 15.320 | (A Top Pick June 1/09. Down 62%.) NYMEX Natural Gas Bull+ ETF. If a long-term Bull on natural gas he would prefer a “single” natural gas ETF rather than the “double”. A trading vehicle. | 2009-10-02 | ||
| BUY on WEAKNESS | Royal Bank | RY-T | 55.170 | Attention to detail is very good. Over a long-term you will be rewarded. Expect you could get it $3-$5 cheaper in the next few months. | 2009-10-02 | ||
| Comment | Agrium | AGU-T | 50.780 | He would say #2 fertilizer and fertilizer commodity company globally. In a slowing economy, fertilizer demand may wane but for the long-term it's not a bad position if you don't mind a very choppy ride. | 2009-10-02 | ||
| Comment | Research In Motion | RIM-T | 70.830 | In technology companies, when does it go from being a growth company to a slow growth stock? He is concerned that the “$50 a share” days might be gone. Thinks the Blackberry core users is going to wane. For the next couple of quarters you could see a 15% to 20% drop. If this is for a long-term hold you could buy it. | 2009-10-02 | ||
| Comment | Merck & Company | MRK-N | 31.650 | Dividend of around 5%. Cash rich so not concerned about a short-term cash burn. The rate of drugs that big pharma can bring to market is slowing down. Could be $36 in 12 months but if you're not happy with that you should look elsewhere. | 2009-10-02 | ||
| BUY on WEAKNESS | Rogers Communcations (B) | RCI.B-T | 29.090 | Have retired some of their debt so is not as leveraged as it once was. Made great inroads into the cellular and television markets but the days of high-margin areas like iPhones, people taking huge cable packages, being able to make great acquisitions are done. Expect it will disappoint in the next few quarters. As a long-term investment, try to pick it up at $24-$25. | 2009-10-02 | ||
| BUY on WEAKNESS | Imperial Oil | IMO-T | 40.230 | Likes the stock but by virtue of market sentiment you'll be able to pick it up a little cheaper. Great fundamentals, great balance sheet. | 2009-10-02 | ||
| DON'T BUY | Shoppers Drug Mart Corp | SC-T | 43.930 | Having a lot of expansion and he is concerned about how many stores a community needs. Doesn't see it moving much higher from here. Doesn't have an extremely attractive dividend. | 2009-10-02 | ||
| BUY on WEAKNESS | Enbridge | ENB-T | 40.760 | A core holding and a utility position. Dividend is decent. If there is a pullback in the market, this should do well in a portfolio. | 2009-10-02 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Is there a correlation between heat and market performance. When he was asked to be on today, he said – What a day to be on”: The start of a correction. | 2009-08-17 | ||
| DON'T BUY | Talisman Energy | TLM-T | 17.020 | Perhaps it is now reacting over value for earnings. There are credit issues. 5 years out, he would not have a problem buying Talisman here. You might be hurt in the next 30-60 Days | 2009-08-17 | ||
| VAGUE | Potash Corp of Saskatchewan | POT-T | 100.710 | This has not done as well as Agrium over the last 3 months. Definitely a market leader. Until the end of the year this is a tough question. His bet is that January it will be a little higher than it is today. Exercise caution. This is not a stock that is not subject to a lot of volatility. But he likes it in this space. | 2009-08-17 | ||
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| N/A | CitiGroup | C-N | 4.000 | The gamble is this space is over. You might be disappointed if you put your money in this one. Prefers others. When city group it a buck that was the chance. Look to other banks. | 2009-08-17 | ||
| VAGUE | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Canadian banks are the obviously the best run banks and we have proven that out over the last 24 months. They are reaching their 52-week highs. Starting with Royal and then TD and BNS, would definitely not have a problem adding to portfolio in the long term. | 2009-08-17 | ||
| VAGUE | Brookfield Properties | BPO-T | 10.870 | In the short term the market is poised for a pullback. Hopefully a short one to establish stability. Canadian real estate is starting to interest him. What he is not seeing here is that the world is starting to end. AS a result doe3s’t think the stock is too risky at these levels. It could be a year or 18 months from here is that there will be a rally. | 2009-08-17 | ||
| PAST TOP PICK | Gillette Co | G-N | 58.200 | (Top Pick Jul 23/08 Down 7.75%) Still holding. A leader in gold industry. It’s here to provide some protection. Still making good money. Protecting against US continuing to print money. | 2009-08-17 | ||
| PAST TOP PICK | Stantec Inc | STN-T | 28.590 | ( Top Pick Jul 23/08 Up 15%) Contracts are 2-4 years out. Canadian but with global customers but have advantage within our economy | 2009-08-17 | ||
| PAST TOP PICK | CML Healthcare Income Fund | CLC.UN-T | 12.930 | (Top Pick Jul 23/08 Up 0.25%) We are in a position where we are about to lose a lot of money, 7% dividend. | 2009-08-17 | ||
| WAIT | Research In Motion | RIM-T | 78.100 | Do not average down. It’s an emotional thing to get your money back. Wait – hang in there because RIM is a good company., It is a quarter to Quarter stock. It is going to rally. You never know when a tech stock becomes a value stock. Don’t over weight. | 2009-08-17 | ||
| BUY | Gerdau Ameristeel Corp | GNA-T | 7.370 | Buying. Infrastructure theme. Not leader in market. If we get into an expansion this will definitely outperform one of his top picks. | 2009-08-17 | ||
| SELL | Labrador Iron Ore | LIF.UN-T | 35.570 | 60% rate of return. Likes it. Modestly bullish on. Sell it and hold cash and give it another 12 months. Every time you don’t sell you have that “Canadian Experience” when you don’t sell. | 2009-08-17 | ||
| DON'T BUY | Sunlife Financial | SLF-T | 31.600 | Has no idea. Sun life has had a fantastic run and pulled back. Cut its dividend. They are the leader so they are telling him that they are seeing murky water ahead. This is a flip your coin | 2009-08-17 | ||
| SELL | iUnits S&P/TSX 60 E.T.F. | XIU-T | 15.940 | Tracks an indexes and there for is picked by humans and no one should have a substantial portion of their wealth in an index. | 2009-08-17 | ||
| SELL | Manitoba Telecom Services | MBT-T | 31.960 | Looking at it. Has come down, like Telco’s. Dividend is attractive. Sell Half until end of year. Hasn’t bought yet. Wants to do more research into stability into dividend. | 2009-08-17 | ||
| DON'T BUY | HBP NYMEX Nat'l Gas Bull+ | HNU-T | 3.410 | Bought higher. Can resist temptation to average down. New ones are not as deadly as the double ones. Buy the single longs. | 2009-08-17 | ||
| DON'T BUY | Suncor Energy Inc | SU-T | 34.410 | Wind farms don't strike him as Suncor as its best. Doesn't think they will ever be profitable. Would rather have them take a look at what they do best and doing it better. Not a big plan of their plays. | 2009-08-17 | ||
| DON'T BUY | Imperial Oil | IMO-T | 38.660 | (Market Minute) Lagged the market. | 2009-08-17 | ||
| TOP PICK | United States Steel | X-N | 42.320 | Conservative and pick has given a 2% rate of turn. He is here to make money. Down 70% from high. Infrastructure is going to make money and this is a steal. | 2009-08-17 | ||
| DON'T BUY | Microsoft | MSFT-Q | 23.250 | (Market Minute) Disappointed in. They did a disappointing job in their latest acquisitions. | 2009-08-17 | ||
| DON'T BUY | Microsoft | MSFT-Q | 23.250 | (Market Minute) Disappointed in. They did a disappointing job in their latest acquisitions. | 2009-08-17 | ||
| TOP PICK | Dividend 15 Split Corp. | DFN.PR.A-T | 10.200 | Structured product. Capital side has bunch of capital upside performance. Maturing upside of 20-30% in 2013. Committed to giving back capital. | 2009-08-17 | ||
| TOP PICK | Pimco High Income Fund | PHK-N | 9.070 | Bonds are still better positions than equities in terms of equities. Run by one of worlds greatest bond managers. Made a lot of money for him, great dividend. Smaller play. 12-20% upside in 24 months | 2009-08-17 | ||
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| BUY | H&R Real Estate Inv Trust | HR.UN-T | 12.390 | (Market Minute) A sector that he is really looking at. Happy that when it hits its lows that it has bounced back. Gives him confidence | 2009-08-17 | ||
| WAIT | SNC-Lavalin Group Inc. | SNC-T | 48.400 | A bigger company. Pretty good run of late. Is not immune to correction. Has a substantial potential for upside. | 2009-08-17 | ||
| VAGUE | General Electric | GE-N | 13.360 | Not going to be an earth-shattering mover. If you are looking to make your money back. You’re not going to be happy. One they get that financial division turned around within a couple of years…They make that stuff for roads and dams that no one else makes. In the next 3-5 years you will see this stock triple. | 2009-08-17 | ||
| Comment | Nexen Inc | NXY-T | 28.130 | Can be quite volatile so don't go over weight in these kinds of stocks. Currently commodities are priced for a 2nd half recovery. If the 2nd half doesn't turn out to be what you hoped, this will probably retrace. | 2009-06-01 | ||
| HOLD | Potash Corp of Saskatchewan | POT-T | 127.460 | Would let it form a bit of a base. | 2009-06-01 | ||
| DON'T BUY | Western Potash Corp. | WPX-X | 0.620 | This is more like a warrant on some majors in a sector and their appetite to buy out the company. Speculative play. | 2009-06-01 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Gold: US$ is the world's currency. Any other currency that was spending like the US was would definitely face deflationary pressure. The world can't figure out a better currency to hold. Long-term trend on the US$ is down but correlation between it and gold is not as significant as it once was. | 2009-06-01 | ||
| BUY | Barrick Gold | ABX-T | 40.410 | Expects gold will be high in the foreseeable future and this is a good company. Wouldn't buy it because of the weakening US$. (See Top Picks.) | 2009-06-01 | ||
| DON'T BUY | Bank of America | BAC-N | 11.210 | As a banking investment, he doesn't like it.d | 2009-06-01 | ||
| Comment | Talisman Energy | TLM-T | 18.100 | This is a great company and he likes the management. If the world continues to expand its thirst for oil/gas commodities, the 2nd half will be beneficial. | 2009-06-01 | ||
| Comment | Gerdau Ameristeel Corp | GNA-T | 7.920 | Steel making is one of the areas that he thinks he is going to invest in. This company is one of the minors in this sector. If we don't get the trickle-down effect from infrastructure spending, larger companies may still be able to get good earnings. Likes the company. (See Top Picks.) | 2009-06-01 | ||
| TOP PICK | Goldcorp Inc | G-T | 40.950 | Focusing on inflation risks and market risks. There are a lot of factors in the market but with gold prices being high this is a great company to be in. | 2009-06-01 | ||
| TOP PICK | United States Steel | X-N | 36.820 | This is really about infrastructure. Thinks there is a substantial opportunity for a double. | 2009-06-01 | ||
| TOP PICK | HBP NYMEX Nat'l Gas Bull+ | HNU-T | 7.870 | Natural gas has really taken a beating and he is thinking that companies at these prices are probably going to wind up going out of business. Eventually, the level of supply has to come down. When they do, he thinks you could see natural gas at $7-$8 in the next 6 to 12 months. | 2009-06-01 | ||
| BUY | BCE Inc. | BCE-T | 24.960 | Not anticipating huge growth out of this stock. However it is a nice defensive play. Great dividend. Best balance sheet of the 3 major telcos. | 2009-06-01 | ||
| BUY | Bank of Montreal | BMO-T | 44.950 | Any of the big 5 Canadian banks are great long-term investments. There could be a pullback of 15% to 20% from the current price, but he likes it. | 2009-06-01 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Gold: Based upon where we are today and the strength of the US economy and the seemingly inverse relationship to the US$ gold should be significantly higher by the end of the year. | 2008-07-23 | ||
| DON'T BUY | Toronto Dominion | TD-T | 63.220 | Well run company. However, has pretty significant exposure to the US market. As a result they will be undergoing a period of softness. | 2008-07-23 | ||
| DON'T BUY | A Comment -- General Comments From an Expert | A Commentary | 0.020 | US Banks: Canadian banks are in a better position than US banks. There could still be further bankruptcies on US banks. | 2008-07-23 | ||
| Comment | Yahoo! | YHOO-Q | 20.390 | Some pretty strong forces and some very powerful names would like to get the existing board of directors out and install a new board. They would like to see this company sold to Microsoft (MSFT-Q). | 2008-07-23 | ||
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| DON'T BUY | Rogers Communcations (B) | RCI.B-T | 39.400 | The leaders in terms of innovations in the telco space. The early adapters of new technology. Have always been known as a highly leveraged company, which has made the market a bit wary. It will now be more expensive for them to maintain their leverage. Looking for it to be flat or below current levels for the next 6 to 12 months. | 2008-07-23 | ||
| DON'T BUY | CitiGroup | C-N | 21.120 | 6% yield. A drop in the stock price will increase the dividend and if it gets up to 8% or higher he would start to worry. This would not be his favourite company to invest in at this point. There are still a lot of challenges ahead. | 2008-07-23 | ||
| DON'T BUY | Manulife Financial | MFC-T | 38.450 | Performance over the last little while has been less than stellar. Sees a flat line to slightly negative ahead. Doesn’t think market’s worries about insurance companies being the next place for financial problems is over. This company is pretty stable. | 2008-07-23 | ||
| TOP PICK | Goldcorp Inc | G-T | 40.950 | Expect they will post strong earnings and the price of gold will continue to climb for the next little while. Relative to its peers, it is a pretty good buy. | 2008-07-23 | ||
| TOP PICK | Stantec Inc | STN-T | 24.070 | Infrastructure play. Great little engineering firm. Nicely positioned to Buy without much downside risk. Good defensive play. Even though world economies slow down, infrastructure will not. | 2008-07-23 | ||
| TOP PICK | CML Healthcare Income Fund | CLC.UN-T | 14.070 | Because we are in a bear market, it is important to be cautious. Nice steady distribution. 30% to 40% of their contracts are government ones. Pretty well insulated from a slowdown in the Canadian economy, so a good defensive play. | 2008-07-23 | ||
| Comment | Bombardier Inc (B) | BBD.B-T | 7.150 | This is one of those companies that you just buy and hold. Have caught a good theme with their C aircraft. Wouldn’t own it for the long term. | 2008-07-23 |
