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Compiling comments that experts make about stocks while on public TV.

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A Comment -- General Comments From an Expert Stock Symbol: A Commentary

Notes:Sometimes an expert talks about things other then a particular stock. We think it may be useful to include it, so this is the spot we use.

Last Price Recorded: $0.0200 on 0000-00-00

Date Signal Expert Opinion Price
2015-08-28 N/A Don Lato

Markets.  He is not a market timer. His style is to buy good businesses at attractive prices. Holding about 3% cash in his portfolios. His advice to investors would be to not panic. Business and the economy are still good. Let the volatility provide you with opportunities if you’ve got cash, but don’t be panicked into doing something that you might regret 6 months from now. He likes consumer related stocks along with tech. You can start to maybe nibble if we get another downturn in oil prices. Choose the companies with a strong balance sheet. Look for the ones that have fallen the least, not the ones that have fallen the most.


Price:
$0.020
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
_N/A
2015-08-28 N/A Don Lato

REITs. Is the potential rising interest rate environment hitting the sector too hard? It could be that people have overcompensated for the anticipated rise in interest rates. Concurrent with a rise in interest rates, generally, is better economic activity so your CAP rate is going to change and it is going to change unfavourably as rates go up. But your rent increases might be easier to obtain, and your vacancy rates are going to be lower. Higher interest rates are not the absolutely worst thing that can happen to the REIT sector.


Price:
$0.020
Subject:
NORTH AMERICAN
Bias:
OPTIMISTIC
Owned:
_N/A
2015-08-28 N/A John O'Connell, CFA

Markets.  Did some buying on Monday morning when the markets fell. The interesting thing was that the Treasury market wasn’t really responding that much, which was kind of unusual. Usually when you see markets plunging like that the Treasury market really rallies. It had already rallied in anticipation of the crash. Has seen growing signs that you have to be concerned and worried about what was going on. Credit spreads globally were widening, and often times the bond market is the clue that often eventually trips up the stock market. We saw the premarket spikes in the VIX, which was a good sign. It felt like a short-term bottom. As a general rule, when we have the V type recovery that we had, you often will have a retest. Everyone is sort of keying off 2 things right now, the Chinese economy and oil prices. Thinks the boat got tilted too far to one side, enough people fell out of the boat and that caused the prerequisite bounce back. What you really have to pay attention to is the emerging markets, and China is viewed as one of those developing markets. It is not just China. The emerging markets, now count for over half the GDP. With the currency moves we have seen recently, the pressures are growing. To some extent the Chinese are being painted unfairly with a value in their currency. The currency is up 29% year-over-year, and the Chinese were probably anticipating that the Federal Reserve Board was likely to raise interest rates, so wanted to put a bit of downward pressure on the currency to offset that, when the feds raised rates, you would like to have a continuation of the strength of the US$, with a move higher in the Chinese currency as well.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
_N/A
2015-08-28 BUY John O'Connell, CFA

Energy stocks? Now is the right time to buy energy stocks. Investors are full of fear. It is exceptionally difficult and costly to get oil out of the ground. Saudi Arabia is going broke doing it. Pessimism is pretty high, and there are some really great companies out there. If you have a 2 year view, and buying good quality companies, not just the ones that are giving you dividends, you will make exceptionally high returns.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2015-08-27 N/A Michael Bowman

Markets. He has never seen the market so oversold as it was on the weekend. Has trouble with the 10% correction. The rally back to uneven has to be longer than 24 hours. Doesn’t think it was a correction, but doesn’t know what it was. If you look at the cause of it on Monday, a couple of hedge funds in the US along with the US$, were quite offside and they were going to shut down the position to hedge that position, and shorted the S&P 500. We have to look at our conventional way of valuing stocks. It is different this time. Stock markets are not driven by analysis; they are driven basically by investor behaviour. We have all kinds of issues in the marketplace now. We have to re-evaluate things and realize that markets are driven by weather, terrorism, geopolitical events, etc. 84% of trades are done by computer trading and only 16% are done by individuals. We have to be looking at stock charts because it tells you what the actions of investors were, throughout that time period of looking at the chart. Investor psychology and investor behaviour is what now drives the marketplace.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2015-08-27 N/A Michael Bowman

Energy. Company’s earnings have been fantastic. They mostly have hedges in place until the end of the year, so they are doing lots of production, which forces the price of oil up. He thinks oil is going up a little bit higher when all these hedges come off at the end of 2015.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2015-08-27 COMMENT Michael Bowman

Which ETF for a best one-year return, oil or gold? A lot of companies are selling oil at a lot higher prices, $75-$95, so they are continually pumping out production. But in 2016, those hedges are going to come off and he thinks production is going to cease in 2016, and a barrel of oil will go higher which will create a demand situation. Remember that the oil situation is not about demand, it is about supply. He is not a “gold” guy. There is no demand from India or Central Banks for gold. He would not be buying anything gold for the next 12 months.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2015-08-27 N/A Michael Bowman

Impact of interest rates on US healthcare or multifamily residential REITs? REITs are basically leveraged companies. They borrow money to buy assets. Rates are still extremely low. If they are 50 basis points and they go up to 60 basis points, it is not going to really make much difference. He has no problem with interest rates going higher. Residential US REITs is a good buy.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2015-08-27 N/A Michael Bowman

How do you screen and start into ETF’s? You have to think of whether you want a broad sector, a healthcare sector, a bank sector, etc. Try to pick a sector, and then you can find a listing for all the ETF’s for that sector. Then you need to look at what the MER’s are. Some can be quite large. Also, look to see what the weighting is; is it market cap weight or equal weight.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2015-08-27 N/A Michael Bowman

Maximum holding of any one ETF in a portfolio? A 5% position would not be overly diversified. If you are looking at a broad ETF, he would hold no more than 7%. If you are looking at a sector ETF, you are basically looking at one security, so he would limit it to 5%, or 7% if you are feeling really confident about the sector.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2015-08-27 N/A Stan Wong

Markets. It has been an interesting ride. Really hard to assess whether we have seen the market bottom. The last couple of days have really made us feel a little bit more confident. This has been a “made in China” correction. Who knows what kind of policy will come out that will either impress or “not impress” investors. There could be a retest of lows that investors should be aware of. Thinks the present bout of volatility is going to last days or weeks, rather than quarters or years. Doesn’t think we are going into a prolonged correction, certainly not a bear market. He has been taking the opportunity of buying some large cap names that he has been watching for some time. Really impressed with how cheap they became. Had about 15%-20% cash and as of today is down to about 10%-15%, still a high cash component, to take advantage of any possibilities that still may come.


Price:
$0.020
Subject:
NORTH AMERICAN & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2015-08-26 N/A Stephen Takacsy, B. Eng, MBA

Markets. Resources have been beaten up for couple of years now, and with the slowdown in China that sector has really suffered to the detriment of some of the other sectors on the TSX, which have become terribly expensive. Some examples are Consumer Staples, Consumer Discretionary, Healthcare. They have come down to reality and we are seeing them as reverting to the mean. It creates opportunity on the small and mid-cap side, but the large-caps are terribly overvalued. Thinks Canada has been really oversold here. There are a lot of bargains out there.


Price:
$0.020
Subject:
CANADIAN
Bias:
OPTIMISTIC
Owned:
_N/A
2015-08-26 N/A Gordon Reid

Markets. Feels we are in a little bit of No Man’s land and that we are in the later innings of the correction. Corrections are always defined by extent, time, duration, percentage, etc. and he looks at it a little differently. He wants a Correction to have the effect that it is intended to have, i.e. to basically weed out the weak holders in the market, to remind everybody that equities is a risk phased asset and that the risk/reward is intact. Thinks this one is having that affect. What we normally see in Bull Market corrections are the short, sharp corrections versus the Bear Market effect of just wearing you out. This is showing all the markings of a Bull Market correction, with the extreme volatility, reversals, volume fluctuations, etc. We may have a little bit more to go, but he would remind everyone that equities are long term assets, so keep your eye on the horizon and don’t sell into this through any form of panic. This isn’t the end of anything, this is normal. We can move to new highs, but investors have to be selective. Rather than looking at percentages of the depletion of their various stocks, they should be looking at fundamentals. Do they have real growth of revenues, cash flow and earnings? That is going to be the thing that will allow these stock prices to move higher. Just the fact that they have corrected 10% or 20%, doesn’t give them the right to move to a new high.


Price:
$0.020
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
_N/A
2015-08-26 COMMENT Gordon Reid

Industrials? The core issue of the industrials is their international exposure, and the fact that the FX translation has taken anywhere from 5% to 10% off the table for them. He has sold some of his holdings. Had seen that there was a headwind there that wasn’t likely to abate.


Price:
$0.020
Subject:
US EQUITIES
Bias:
OPTIMISTIC
Owned:
Unknown
2015-08-25 N/A Eric Nuttall

Energy. The implosion we have had rivals the great recession, and in fact is worse. In some cases names are trading at all-time lows. Negativity in the energy sector is unparalleled and is really historic. There are 3 reasons he feels people are so bearish on oil. 1.) We are told demand is very weak and there is a fear of Chinese demand falling. 2.) We are awash in oil with Iranian oil hitting the market and US production still up. 3.) The forward Strip with oil below $50 is all the way out to 2017. You can see why people are being far too negative. 1.) Demand today is at record amounts. Year-over-year growth rate is as strong as it has been since coming out of the great recession, so we consume more barrels today than we ever have in history. 2.) We know Chinese demand is weak, but he would love to see the data points that people actually have, because the numbers he has shows record oil imports into China and record gasoline consumption in China. Their demand has been flat lining for 3 years, so it is not a new story. If you remove China, emerging economic oil demand has been growing by 1 million barrels per day, each year for the past decade. At current oil prices, it is impossible for US production to grow and we are months away from it being down year-over-year. Even at $45-$55, US oil production could be down by half a million barrels per day by next year. The worst case of Iran is about 800 hundred thousand barrels a day to come onto the market. That represents 6 months of demand. For the past 5 years, outside of OPEC and the US, production has been falling while the average oil price has been over $100. There are companies that can theoretically still drill wells that have a positive rate of return, and yet are still going bankrupt. This is because the amount of cash flow most companies generate is not enough to offset their decline. 3.) The oil Strip tells us we should be negative. He believes we have to go to 2017 until oil is over $50. Looking historically at the predictive capability of Strip, the R squared is less than 1%. That means that one time out of 100 the Strip is actually accurate.

The valuation of these energy companies is unparalleled. You can get so much value for free, because everybody is so pessimistic. It is a waiting game of maybe 1-2 quarters. If he can buy stocks that are trading at 5X cash flow where he is getting possible reserves, their dividend, of which many are sustainable when we get a rally, stocks can go up by 50%-100%. He personally thinks we will recover to around $55-$60 at some point next year.


Price:
$0.020
Subject:
OIL, GAS & SMALL-CAP CANADIAN
Bias:
BULLISH on OIL
Owned:
_N/A
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