Viewing Expert Paul Harris, CFA | StockChase
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Compiling comments that experts make about stocks while on public TV.

Viewing Expert

Paul Harris, CFA , Portfolio Manager and Partner

Avenue Investment Management


Date Signal Chart Symbol Company Opinion Price
2017-07-13 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Economy.  The Bank of Canada’s economic outlook is surprisingly rosy. He shares that outlook, and on a global basis as well. However, you are not going to see the kind of robust growth that you saw in previous cycles coming out of a growth period. Expects we are going to have a 2%-2.5% growth globally. Thinks we are going to have lower inflation for a period of time, so doesn’t think rates will be going up as aggressively as people think.


Price:
$0.020
Subject:
NORTH AMERICAN/GLOBAL
Bias:
UNKNOWN
Owned:
_N/A
2017-07-13 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Banks. Banks make money on the spread, where they borrow money very cheaply and lend it out at a higher price. The steepness of the yield curve is very important to them. With the increase in interest rates, the banks can now increase lending rates, but not increase what they pay out on deposits. That means the spread gets better when rates go higher.


Price:
$0.020
Subject:
NORTH AMERICAN/GLOBAL
Bias:
UNKNOWN
Owned:
_N/A
2017-07-13 COMMENT Must be logged in to use chart ACQ-T AutoCanada Inc.

He continues to buy shares at these levels. In the past, they made way too many acquisitions, and were not able to execute on them. They also didn’t integrate their back-office very much. Also, were heavily weighted in Alberta/BC. Hopefully they are going to be geographically in a better situation over the next several years. He is looking for them to make only 2 or 3 acquisitions a year. The stock is cheap at these levels.


Price:
$18.290
Subject:
NORTH AMERICAN/GLOBAL
Bias:
UNKNOWN
Owned:
Yes
2017-07-13 COMMENT Must be logged in to use chart BABA-N Alibaba Group Holding

A unique company. People think of this as the Amazon of China, but it really isn’t. They act as a platform for 3rd party people. They have no credit issues. A very domestic play, so you have to continue to believe China will do well, which he does. It is trying to be a more global player, so you have to wait and see. Also, has a company called Alipay, which is something they can monetize over the next little while.


Price:
$149.520
Subject:
NORTH AMERICAN/GLOBAL
Bias:
UNKNOWN
Owned:
Unknown
2017-07-13 TOP PICK Must be logged in to use chart BAC-N Bank of America

A better bank than it was 10 years ago. It has more capital, a better cost structure and have gotten rid of assets that are non-core. They can’t acquire things anymore other than a few tuck-in acquisitions on the wealth management side. This means it is going to grow a lot more organically. They have a great wealth management business. The stock is trading at only 1X BV. Dividend yield of 1.2%. (Analysts’ price target is $27.00.)


Price:
$24.620
Subject:
NORTH AMERICAN/GLOBAL
Bias:
UNKNOWN
Owned:
Yes
2017-07-13 PAST TOP PICK Must be logged in to use chart BMW-GR Bayerische Motoren Werke AG

(A Top Pick Aug 4/16. Up 15.69%.) He still likes this. 40% is owned by the Quandt family. Management wants to drive technology and drive their business, and is happy to give up margin in the short term to do that. 4% dividend yield.


Price:
$0.000
Subject:
NORTH AMERICAN/GLOBAL
Bias:
UNKNOWN
Owned:
Yes
2017-07-13 BUY Must be logged in to use chart C-N CitiGroup

Trades at a little less than BV. He likes US banks, specifically some of the money centred banks like this one and J.P. Morgan (JPM-N). They are in very good shape and have lots of capital. They can increase dividends and buy back shares. It is the right environment to own these things, and you are not paying a lot for them. (See Top Picks.)


Price:
$67.020
Subject:
NORTH AMERICAN/GLOBAL
Bias:
UNKNOWN
Owned:
Unknown
2017-07-13 COMMENT Must be logged in to use chart CP-T Canadian Pacific Rail

He likes the rails and is a really great sector to be in. They’ve consolidated over the last 15-20 years and he can’t see much more consolidation. It’s much more environmentally friendly than trucking. There are better margins because of the technology they’ve put in. If there is a decent pickup in commodities over the next little while, these companies will do very, very well.


Price:
$209.730
Subject:
NORTH AMERICAN/GLOBAL
Bias:
UNKNOWN
Owned:
No
2017-07-13 BUY Must be logged in to use chart CVS-N CVS Health Corp

A unique company, because it is not only a drugstore, but it is also a health company. Has a free cash flow yield of about 7.5%. Nice dividend yield. Same-store sales over the last little while have not been good, but are stabilizing. Big growth is going to come from the health part of their business. The stock is undervalued and can be up another 30%-40% from where it is today.


Price:
$77.920
Subject:
NORTH AMERICAN/GLOBAL
Bias:
UNKNOWN
Owned:
Yes
2017-07-13 DON'T BUY Must be logged in to use chart DB-N Deutsche Bank AG

He likes certain banks in Europe, but this would not be one of his favourites. They don’t have a strong retail franchise that others have. Heavily weighted to the investment banking side, which requires a lot of capital, especially in fixed income. He would prefer something that has good growth potential. There are other places to put your money.


Price:
$18.930
Subject:
NORTH AMERICAN/GLOBAL
Bias:
UNKNOWN
Owned:
No
2017-07-13 PAST TOP PICK Must be logged in to use chart JNJ-N Johnson & Johnson

(A Top Pick Aug 4/16. Up 9.33%.) Sold this a while ago as he felt it was trading at the high end of its multiple range.


Price:
$131.860
Subject:
NORTH AMERICAN/GLOBAL
Bias:
UNKNOWN
Owned:
No
2017-07-13 PAST TOP PICK Must be logged in to use chart KHC-Q Kraft Heinz Company

(A Top Pick Aug 4/16. Up 1.93%.) This was a merger of Heinz and Kraft. He really likes this because they buy low margin businesses and cut costs and drive margins higher. Now we need to see top line growth happen which, he expects will do so in the next little while.


Price:
$84.850
Subject:
NORTH AMERICAN/GLOBAL
Bias:
UNKNOWN
Owned:
Yes
2017-07-13 TOP PICK Must be logged in to use chart L-T Loblaw Companies Ltd

Trading at about 15X earnings. They have rationalized Shoppers quite well. Also, have spent a lot of money on technology. They throw off about $1 billion of free cash flow each year, and a lot of it has been spent on technology and improving stores. There has been a lot of food deflation, and they’ve been able to offset that with better technology. Dividend yield of 1.5%. (Analysts’ price target is $83.50.)


Price:
$71.370
Subject:
NORTH AMERICAN/GLOBAL
Bias:
UNKNOWN
Owned:
Yes
2017-07-13 COMMENT Must be logged in to use chart MFC-T Manulife Financial

There was a report today that they are considering spinning off their John Hancock division in the US. He has a tough time with the insurance industry. Even though rates are going up, they are going up very slowly, which is the difficult part about this business. On a multiple basis they are relatively cheap. Their core insurance business is going to take a long time to get to the kind of rate of returns they are talking about. They have a great undervalued franchise in Asia, which is where there is going to be a lot of growth. Spends a lot of time and money in growing the asset management business, an area where you could see really good growth.


Price:
$25.220
Subject:
NORTH AMERICAN/GLOBAL
Bias:
UNKNOWN
Owned:
Unknown
2017-07-13 BUY Must be logged in to use chart NA-T National Bank of Canada

Prefers Toronto Dominion (TD-T) and Royal (RY-T). This one is a smaller bank and doesn’t have a presence across Canada. Predominately Québec based. They’ve done really well and have made some really good acquisitions. Has a good wealth management business. If you own, you will do well. It is not expensive.


Price:
$55.490
Subject:
NORTH AMERICAN/GLOBAL
Bias:
UNKNOWN
Owned:
No
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