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| Terry Shaunessy of IndeXit | |
|---|---|
Terry Shaunessy | |
| Investment Style | North American Large Cap |
| BUY | Alcoa | AA-N | 16.090 | Big fan of global growth and as a consequence this would be one of those companies where demand for aluminum should be there. Have had to grapple with higher input costs recently, which affected their earnings a bit but this is the aluminum marquee stock. | 2011-06-01 | ||
| HOLD | Bombardier Inc (B) | BBD.B-T | 6.950 | Good company that serves the world markets. Continually doing well on the rail side and expects to see more and more on the rail side. It is the private jets that will it give it a lift. Demand for private jets will continue to grow, particularly in Asia. | 2011-06-01 | ||
| HOLD | CitiGroup | C-N | 39.650 | Got killed because it did the consolidation from a $4 stock to a $40 one. Dumb thing to do. He is a bull on US banks. Every time there is negative news, they don’t make new lows. If you own, you will be well rewarded. | 2011-06-01 | ||
| DON'T BUY | Dell Computers | DELL-Q | 15.595 | The problem is “what’s the future?” Not that expensive. Whether they can change their product line fast enough to compete against Apple (AAPL-Q) and all the other tablets that will come out on the market, he is not so sure. | 2011-06-01 | ||
| PAST TOP PICK | General Motors Corporation | GM-N | 30.230 | (A Top Pick Dec 2/10. Down 11.79%.) Loves the story. Sells more vehicles in China than in the US and this is not going to stop. Really cheap. | 2011-06-01 | ||
| DON'T BUY | Great West Lifeco | GWO-T | 25.920 | He would prefer to own this through Power Financial (PWF-T). Wouldn’t be concerned about any potential time bombs (Re: European debt crisis). Doesn’t expect Lifecos to go anywhere. (This one is the best.) | 2011-06-01 | ||
| DON'T BUY | Manulife Financial | MFC-T | 16.440 | Life insurance companies are supposed to be defensive but this one missed the boat entirely. They then took the hedges off at the bottom of the market. Not going to go down anywhere, it’s just kind of dead. | 2011-06-01 | ||
| BUY | Royal Bank | RY-T | 54.880 | To him, all of the banks are a gift. Dividend yield with most of the banks is higher than 5-year government bonds and they’ll probably continue to raise them. | 2011-06-01 | ||
| PAST TOP PICK | Freeport McMoran Copper & Gold | FCX-N | 49.380 | (A Top Pick Dec 2/10. Down 5.14%.) The marquee stock on copper. Still a hold. | 2011-06-01 | ||
| Comment | Crescent Point Energy Corp | CPG-T | 45.870 | High yield of 5.9%. He is positive on commodities and energy and this stock will be a beneficiary of that. Primarily a yield, but you’ll also get a lift on it. | 2011-06-01 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Risk premiums on equities currently in the market are so high that equities are incredible value. Expect there will be a transition to equities because of strong corporate earnings and the fact that stocks are cheap. Professional investors are very timid so markets have been range bound. | 2011-06-01 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Uranium in a power plant is a very acceptable way to create power. There are so many project on the books for just the emerging nations alone that it will more than take care of demand. Doesn’t think Germany is actually going to follow through with not continuing using nuclear power. Good time to take advantage of the market knee jerk reaction. | 2011-06-01 | ||
| Comment | Intact Financial | IFC-T | 54.620 | Acquiring AXA Canada for $2.6 billion. Likes this to the extent that as you get rid of competition, you can be a little more aggressive on premiums. Also gives a better earnings profile. | 2011-06-01 | ||
| TOP PICK | iUnits S&P/TSX Materials ETF | XMA-T | 22.740 | S&P/TSX Materials ETF. Dominated on one hand by precious metals. Also has Potash (POT-T) and Agrium (AGU-T). | 2011-06-01 | ||
| BUY | Claymore S&P/TSX Preferred ETF | CPD-T | 17.470 | S&P/TSX Preferred ETF gives you preferential treatment of tax dividends. On an absolute yield basis, the preferred share market, which is dominated by the banks, has higher yields then corporate bonds. | 2011-06-01 | ||
| DON'T BUY | LuLulemon Athletica | LLL-T | 85.830 | One of the most overvalued stocks you could possibly get. Multiple of 43X is massive. Fundamentals don’t support the stock price. This stock could get hard. | 2011-06-01 | ||
| BUY | Claymore Global Agriculture ETF | COW-T | 21.780 | Global Agriculture ETF. The two areas he likes the most are gold and agriculture. This one is terrific. It has all the really good companies that are in the agricultural space. It’s also a global theme. As standards of living rise, diets improve. | 2011-06-01 | ||
| BUY | Claymore Broad Emerging Market ETF | CWO-T | 35.470 | Broad Emerging Market ETF. Currency hedged. Should do well. | 2011-06-01 | ||
| TOP PICK | BMO Equal Weight US Banks Hedged to CAD Index ETF | ZUB-T | 14.210 | Equal Weight US Banks Hedged to CAD Index ETF. A totally contrarian call and is high risk. Expecting a lot of positive fire works from the US banks. Equally weighted and currency hedged is a good combination. | 2011-06-01 | ||
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| PAST TOP PICK | Claymore Broad Commodity ETF | CBR-T | 24.130 | (A Top Pick Dec 2/10. Up 11.05%.) Broad commodity ETF. Likes it because it is hedged against US$ and also likes its composition of 1/3 precious metals, 1/3 food commodities and 1/3 energy. | 2011-06-01 | ||
| DON'T BUY | BMO Covered Call Cdn Banks ETF | ZWB-T | 15.430 | Covered Call Cdn Banks ETF. 9.7% yield is a big number. Not a huge fan of complex ETF’s like this one. If you like covered calls, you are far better to do them yourself. If you want to stay in the ETF space, look at the S&P Financial (XFN-T) has a very active options market so you can do this yourself. | 2011-06-01 | ||
| TOP PICK | BMO DJ Industrial Ave Hedged to CAD ETF | ZDJ-T | 21.370 | DJ Industrial Ave Hedged to CAD ETF. If he could pick a theme it would be the big multinationals in the US driving earnings. Takes the currency risk out of it. Nice yield. | 2011-06-01 | ||
| HOLD | Alcoa | AA-N | 14.090 | Aluminum will do very well if we have very strong economic growth and this is a premier player. | 2010-12-02 | ||
| BUY | Caterpillar | CAT-N | 88.620 | An incredible stock to own. Huge beneficiary if you are playing growth emerging markets and infrastructure. Will benefit from growth over the next 10, 20, 30 years. | 2010-12-02 | ||
| BUY | Cisco | CSCO-Q | 19.220 | Whole technology space will do well. Got hit too hard when they announced that growth wouldn’t be as strong as it was. You can Buy this directly or through the ETF on technology (XLK-N). | 2010-12-02 | ||
| TOP PICK | General Motors Corporation | GM-N | 34.680 | Thinks they will do incredibly well in selling vehicles in Asia and Latin America. | 2010-12-02 | ||
| Comment | Toronto Dominion | TD-T | 73.290 | Incredibly well run bank if you have a longer term horizon. They are looking for growth on the US side and expect they will end up being a major bank in the US market. He plays financials through the iUnits S&P Financial (XFN-T). (Not adding to this but when it goes through $25 he’ll start rotating into energy (iUnits S&P/TSX Energy ETF(XEG-T)), which he expects to do better next year.) | 2010-12-02 | ||
| BUY | Teck Resources Ltd. (B) | TCK.B-T | 54.020 | Very positive on global economic growth. With the stimulus that has been put into the economy it will give much higher than expected growth. You will still good performance out of base metal stocks. | 2010-12-02 | ||
| TOP PICK | Freeport McMoran Copper & Gold | FCX-N | 107.640 | “The” copper company globally. (Copper/gold.) Low cost producer. Wouldn’t be surprised if someone doesn’t take a run at them as an acquisition. | 2010-12-02 | ||
| Comment | Crescent Point Energy Corp | CPG-T | 42.700 | Converted to a Corp and managed to leave their dividend at a pretty high level. He would rather have iUnits S&P/TSX Energy ETF (XEG-T). | 2010-12-02 | ||
| PAST TOP PICK | iUnits S&P Financial | XFN-T | 22.830 | (A Top Pick Sept 14/10. Up 3.85%.) Still likes. | 2010-12-02 | ||
| Comment | iShares S&P/TSX Capped REIT | XRE-T | 13.470 | Cdn REIT ETF. One of the problems with this ETF is that RioCan (REI.UN-T) and H&R (HR.UN-T) are now 40% of the weighting. He is continuing to hold this but taking his exposure down from 5% to 3% to Buy the US REITs. | 2010-12-02 | ||
| PAST TOP PICK | iShares S&P 500 (CAD-Hedged) ETF | XSP-T | 14.070 | (A Top Pick Sept 14/10. Up 8.08%.) Still likes. | 2010-12-02 | ||
| PAST TOP PICK | SPDR Financial E.T.F. | XLF-N | 15.130 | (A Top Pick Sept 14/10. Up 0.52%.) Still likes. | 2010-12-02 | ||
| BUY | iShares Dow Jones Real Estate E.T.F. | IYR-N | 55.240 | Dow Jones REIT. Very broad exposure to retail, office, multiple residential so you get a nice array geographically. | 2010-12-02 | ||
| TOP PICK | Claymore Broad Commodity ETF | CBR-T | 21.710 | Broad commodity ETF. Likes it because of economic growth. About a third each in agriculture, base metals and energy. Also currency hedged. | 2010-12-02 | ||
| TOP PICK | iUnits S&P Financial | XFN-T | 22.340 | S&P Financials ETF. This is a contrarian play. He is switching from gold ETF's (XGD-T), which has had a nice run, to this one for a 4th quarter rally. Looking for it to go to $24-$25 and the XGD to settle back down to $23ish. | 2010-09-14 | ||
| BUY | iShares S&P/TSX Capped REIT | XRE-T | 13.770 | REIT’s. Has done incredibly well this year and may go sideways but he doesn't see it going down. This is a core position for him. Gives 1) great current yield, 2) exposure to real estate across a number of real estate categories and 3) has a lot of liquidity. Can see it in the upper teens eventually. | 2010-09-14 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | Inverse ETF’s. Basically allow you to go Short the market. He questions why you wouldn't just short it yourself rather than paying fees for an ETF. A painless way of shorting but dangerous because if you don't have the courage to Short yourself, you really shouldn't be buying these. | 2010-09-14 | ||
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| Comment | iShares S&P/TSX Income Trust ETF | XTR-T | 11.710 | S&P/TSX Income Trust ETF. A pretty good security this year but they changed the mandate so that it became an income bearing ETF and he sold his holdings. | 2010-09-14 | ||
| TOP PICK | iShares S&P 500 (CAD-Hedged) ETF | XSP-T | 12.870 | (A Top Pick May 11/10. Down 3.1%.) S&P 500 (Cdn$-Hedged) ETF. Expecting the Cdn$ to go to PAR and once we are there we can go back to buying US ETF’s. Expecting the US market to do well with the S&P 500 up 50%. | 2010-09-14 | ||
| BUY | Claymore BRIC ETF | CBQ-T | 29.620 | BRIC ETF. Emerging markets is what is going to drive the bus. Things are happening in Asia and China is the #2 economy in the world. Expect we will continue to be surprised on the upside. | 2010-09-14 | ||
| TOP PICK | SPDR Financial E.T.F. | XLF-N | 14.710 | (A Top Pick May 11/10. Down 6.3%.) Financial ETF. He loves the US financials because 1) earnings are quite strong underneath because of reduced loan losses, 2) US is moving more towards a Canadian model and 3) everybody hates them. For trader types, you can go from $14.50 to $17, which is not a bad flip. He could see it reaching $30. | 2010-09-14 | ||
| PAST TOP PICK | Claymore Broad Emerging Market ETF | CWO-T | 31.760 | (A Top Pick May 11/10. Up 7.52%.) Broad Emerging Market ETF. | 2010-09-14 | ||
| BUY | Claymore Advantage High Yield Bond ETF | CHB-T | 20.230 | High Yield Bond ETF. Likes this one. Owns it in taxable accounts because it’s tax advantaged. | 2010-09-14 | ||
| DON'T BUY | Dent Tactical ETF | DENT-N | 19.760 | An actively traded Exchange Traded Fund. It manages to bring together the 2 worst parts of mutual funds and ETF’s, i.e. it is expensive and is ineffective. He is dead set against buying actively managed ETF’s. | 2010-09-14 | ||
| BUY | iShares S&P/TSX Global Gold | XGD-T | 23.500 | Gold S&P/TSX ETF. Likes gold stocks, which seem to be undervalued relative to bullion. Expecting a round of takeovers from the big metal companies. He doesn't have any individual gold companies, just uses this. | 2010-05-11 | ||
| BUY | iShares S&P/TSX Capped REIT | XRE-T | 12.070 | S&P/TSX REIT ETF. Likes real estate. Has 5% in Cdn real estate and has been looking at the US sector. | 2010-05-11 | ||
| Comment | A Comment -- General Comments From an Expert | A Commentary | 0.020 | How far out would you go when writing Calls? Depends on what you are trying to defend. When gold started to cross $1200 he was writing 1-month calls against the Gold ETF (GLD-N) on the expectation gold would come off. Generally, 3 months is what he would be looking for. | 2010-05-11 | ||
| SELL | iShares MSCI EAFE (CAD-Hedged) ETF | XIN-T | 17.680 | Based on EFA Index (Europe, Australasian, far east). Sold his holdings about 2 weeks ago. A big part of this is European banks. Doesn't think the banks are in trouble but expect they will have to issue a lot of equity. If you own, you could Sell and buy options against it but this could be flattish for a little while. | 2010-05-11 | ||
| TOP PICK | iShares S&P 500 (CAD-Hedged) ETF | XSP-T | 13.390 | S&P 500 $Cdn ETF. Thinks US large-cap market is where you want to be. Expects a great deal of earnings momentum. Prefers using a hedge. | 2010-05-11 | ||
| SELL | iShares DEX All Govt Bond ETF | XGB-T | 20.250 | Cdn Govt Bond ETF. He would be cautious on government bond portfolios. You get a much higher yield on corporate's than you do on government’s. If you own, he would switch. | 2010-05-11 | ||
| TOP PICK | SPDR Financial E.T.F. | XLF-N | 15.870 | US Financial Services ETF. Expecting a lot out of the US financials. As loan-loss provisions start to wither away, earnings power becomes much greater. He is looking for explosive earnings. Will probably have to wait to see the 2nd quarter #’s in July before it breaks out of its range of $15.50-$17. | 2010-05-11 | ||
| TOP PICK | Claymore Broad Emerging Market ETF | CWO-T | 29.510 | Broad Emerging Market ETF. Sees growth in emerging markets. | 2010-05-11 | ||
| BUY | Claymore Advantage High Yield Bond ETF | CHB-T | 19.560 | High Yield Bond ETF. Uses a forward so that payments you get, instead of being taxed as interest, are taxed as capital gains. Gets you around the US withholding tax. Good for a taxable account. (Pays out a little bit more than the underlying yield, meaning the payouts could go down a little in the future.) | 2010-05-11 | ||
| BUY | iShares US High Yield Bond Index ETF | XHY-T | 19.890 | US High Yield Bond Index Fund. Paying out a little bit more than the underlying yield, meaning the payouts could go down a little in the future. | 2010-05-11 | ||
| DON'T BUY | HBP S&P 500 Inverse ETF | HIU-T | 9.360 | S&P 500 Inverse ETF. Feels Inverse products are dangerous because they get reset daily. (Would prefer using Shorts instead.) Because he is bullish, he would not be buying Inverse products. | 2010-05-11 |
