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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 00:00:00

Date Signal Expert Opinion Price
2014-04-23 N/A Lorne Steinberg

Markets. Stock markets have had a great run in the last couple of years. This is not just due to corporate earnings, but is also due to price/earnings inflation. Valuations are simply more expensive. With the prospect of interest rates rising at some point and if the Fed tapering continues, that will put pressure on some equity prices. Also, corporate earnings have been somewhat disappointing for some of the large mega international multinational companies. His equity fund is about 30% cash because he is having trouble finding good things to buy. He still finds value in Japan, but a lot of the companies have moved up quite substantially. Also, seeing value in European financials.


Price:
$0.020
Subject:
VALUE STOCKS & HIGH YIELD BONDS
Bias:
CAUTIOUS
Owned:
_N/A
2014-04-23 N/A Lorne Steinberg

Interest Rates. The 10 year bond yield rose after Ben Bernanke’s famous comment last June. Since then, the reserve board has done everything it can to ensure and talk investors into believing rates will remain low. 10 year bond yields have actually declined in the US to about 2.5% so investors have become quite comfortable for the next 2-3 years. They believe interest rates will stay low so ETFs like SPDR Barclays High-Yield (JNK-N) and iShares Hi Yield Corp Bond (HYG-N) ETFs have come back up again as people begin to feel they are not going to suffer any capital losses. This is the same with preferred shares.


Price:
$0.020
Subject:
VALUE STOCKS & HIGH YIELD BONDS
Bias:
CAUTIOUS
Owned:
_N/A
2014-04-23 N/A Lorne Steinberg

Convertible bonds. What is your best suggestion in the five-year maturity range with reasonable yield and liquidity? After the massive run-up in equity markets, he can’t find any value in convertible bonds. Anything decent is trading at a huge premium because share prices have risen up, therefore yields are extremely low. He does not find this area attractive at all at the present time.


Price:
$0.020
Subject:
VALUE STOCKS & HIGH YIELD BONDS
Bias:
CAUTIOUS
Owned:
_N/A
2014-04-23 N/A Bruce Campbell (2)

Markets.  It is rare that we see buying in favour of selling 2:1.  It means there is a good move ahead for the markets.  We did a sprint, the market is consolidating and then it should move higher over the next few months.  He has a diversified portfolio.  Looks for earnings growth on an accelerating basis.  Mid caps are most attractive to him because of his analysis method.  Early stage equities are giving up some strength to the later stage equities. 


Price:
$0.020
Subject:
AGRICULTURE, DIVIDEND & FIXED INCOME
Bias:
BULL on CANADIAN MARKET
Owned:
_N/A
2014-04-22 N/A Colin Stewart

US Economy. Has been some recent concerns that there has been some slower data in the last few months, with some of it being weather related. The very harsh winter had a negative impact on certain sectors such as transportation and retailers. His view is that the US economy is gradually getting better with unemployment coming down, corporate earnings still growing and the federal reserve still relatively supportive with a very low interest-rate policy, which he thinks will be in place for some time. Earnings really have to kick in here to propel share prices higher. Corporate balance sheets, being very healthy, companies have more cash than they know what to do with. In today’s low interest-rate environment, for companies to be sitting on billions of dollars of cash earning a treasury bill rate, is not really doing shareholders a lot of good so he thinks there is a lot of pressure to put that cash to work. With CEOs more optimistic and feeling better about the economy, we will be seeing more and more deals for mergers and acquisitions.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
BULLISH on US ECONOMY
Owned:
_N/A
2014-04-22 N/A Colin Stewart

US Housing. It seems like this has flat lined and taken a paused for a while. He sees another leg up soon. Timing is always elusive and difficult to figure out. Very simplistically many, many studies have shown that over a long period of time, the US needs about 1.3-1.5 million new homes built every year, just to keep up with population growth and immigration. Over the last several years, housing starts have been running at anywhere between 600,000 and 900,000 so not enough homes are being built to satisfy that natural demand. Thinks that over time there will have to be a reversion back to the mean and housing starts to go back to the 1.3-1.5 million range. (See Top Picks and Past Picks.)


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE (LONG/SHORT STRATEGIES)
Bias:
BULLISH on US ECONOMY
Owned:
_N/A
2014-04-22 N/A Jon Vialoux

Markets. We are getting to that time where it is “sell in May and go away”, but there are also the midterm elections throwing a range in the works. The average Sell date for May is the 5th, so we are approaching that time. The average decline in the summertime is a minor one at -0.02%, so it is not a given that the markets will decline in the summer. Actually 61% of the time they are positive during the summer. So the “sell in May and go away” is more or less a myth. It is a broad strategy in that you Sell the broad markets, and move to bonds and more defensive positions. However, there is a condition this year in that this is a midterm election year. These can cause a lot of volatility in the market between April 22 and Sept 30. Average decline for the S&P 500 is almost 5% and we have seen 10 of the past 16 midterm election years have had a correction of 10% or more. There is a very high probability this year that we are going to see the typical volatility in the summer. He is not expecting an end to the uptrend, but just a pull back. It has been 30 months since we have had a correction and we are certainly due for one. He is still fully invested, but has his finger on the trigger. During the summer, he becomes defensive and does not take on excess risk. He moves into things like consumers’ staples, healthcare, utilities, things that have a yield and even bonds tend to do well in the summertime.


Price:
$0.020
Subject:
SEASONAL & TECHNICAL
Bias:
CAUTIOUS
Owned:
_N/A
2014-04-21 N/A Fabrice Taylor

Markets.  Stocks have had a really good run, mostly on multiple expansion, so he believes 2014 will be a little more volatile, although making gains.  Smaller companies can grow more easily.  Even a few companies can make you some good money.


Price:
$0.020
Subject:
NORTH AMERICAN
Bias:
SELECTIVE
Owned:
_N/A
2014-04-21 N/A Larry Berman CFA, CMT, CTA

Markets.  There are all kinds of ETFs all over the world based on the RAFFI index for fundamentals.  People aren’t paying enough attention to the demographics in the world.  They favour emerging markets for growth in the world over the next number of years.  However, the demographics in China have the same problems as we do with an aging workforce.  He prefers Indonesia, Malaysia, and India – the second tier of emerging markets where we will see tremendous growth.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
BULLISH on EMERGING MARKETS
Owned:
_N/A
2014-04-21 N/A Larry Berman CFA, CMT, CTA

Educational Segment.  He has a very curious appetite and always wants to know why.  He has always felt that asset allocation and diversification must be the cornerstones of your portfolio.  ETFs make it very easy and eloquent to put together portfolios.  The bond market has underperformed the stock market by about 35% since 2009.  But when the TSX fell between 2011 and 2012, the ratio actually went up about 20%.  The bond market is at the same place it was the last time the TSX had a bottom in 2011.  So maybe it is time to rebalance once again.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
BULLISH on EMERGING MARKETS
Owned:
_N/A
2014-04-21 N/A Larry Berman CFA, CMT, CTA

Oil Stocks? Caller sold all his.  The long term outlook is moderate at best.  You should not sell everything, but raise some cash if you are at the upper end of the range.  The sector is not overvalued because it was undervalued for years.  He does not like the sector right now.  To exit, you should sell a little at a time and see if it keeps going higher instead.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
BULLISH on EMERGING MARKETS
Owned:
_N/A
2014-04-21 WATCH Larry Berman CFA, CMT, CTA

Latin America.  Thinks we have some challenges in Latin America for the next few years.  There will probably be a time in the future to step in in a big way.  Maybe in the next year or two.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
BULLISH on EMERGING MARKETS
Owned:
Unknown
2014-04-21 N/A Larry Berman CFA, CMT, CTA

Sell in May and Go Away.  It is effective 60-65% of the time, however, we don’t know ahead of time if this is a year when it will work and we couldn’t possibly.  If we look at fundamentals and how long since a 10% percent correction, he thinks it might be coming now.  Also, if you look at year 2 of a presidential cycle, it would seem this could be a weak summer.  Maybe now ‘Sell in May…’ is 80% likely to apply.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
BULLISH on EMERGING MARKETS
Owned:
_N/A
2014-04-21 N/A James Hodgins

Markets. The last few times in the show, he has been neutral, kind of a push and pull, between the big deleveraging credit bubble. Over the last 5 years, when you get acceleration in the feds balance sheet, you get an increase in risk asset values. When that balance sheet starts to decelerate its growth, then you get a decline in asset value. Thinks this correlation is likely to hold true. While valuations in the markets seem reasonable on a short-term basis, when you factor in the earnings numbers base, i.e., near record profit margins the market looks quite expensive. There could be a pretty good drop once the QE ends.


Price:
$0.020
Subject:
MARKET NEUTRAL INVESTING: SMALL/MID-CAP
Bias:
CAUTIOUS
Owned:
_N/A
2014-04-17 N/A Eric Nuttall

Markets.  Fundamentals have been exceptional for a while now, but it is about the US investors who are now interested.  Due to rail, we have ample take away capacity.  The valuation between oil and gas stocks between Canada and US is narrowing.  The first quarter of this year is the best quarter in 11 years for his fund.  The gas picture is all due to weather.  We ate away a ton of storage.  The storage situation in Alberta is at a critical level.  Demand for Canadian gas is very, very high, but the availability is very low.  Thinks Gateway will not get approved.  We have the first Canadian company shipping out of the Gulf of Mexico.


Price:
$0.020
Subject:
OIL & GAS
Bias:
BULL on OIL & GAS
Owned:
_N/A
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