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
2016-03-24 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. We have seen a nice rebound, but a lot of it has to do with oil. Oil drove the Cdn$ stronger, drove a lot of stocks in Canada, helped the metals as well, and also there was a good jump in the banks. All this happened very quickly in the last couple of weeks, so he expects there will be a pullback. Is oil going to trade at $45 when people in the shale business feel they can bring on capacity at between $50 and $40? Oil also went down because inventories were 3X higher than expected. The issue is still around, but we are not seeing the equilibrium factor settling down, so there is going to be more volatility. That will create a weakness in the Cdn$ along with weakness in other sectors in Canada. He was taking profits in some of the recent strengths, bringing down his oil positions a little. Expects oil to settle down at some point in 2017, and then you want to own them. We have a very robust energy industry in Canada, and owning the right stocks you could do quite well. Hopefully the world will start to grow in 2017-2018 and we will see a better number in oil. A terrible problem in Canada is that you cannot get the governments together to create a flow of oil across the country. That has to be sorted out. At some point he can see oil sitting at $50-$60 which probably works reasonably well for large companies in Canada.


Price:
$0.020
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
_N/A
2016-03-24 HOLD Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

US Banks? J.P. Morgan (JPM-N) and Wells Fargo (WFC-N) are 2 of the best banks and incredibly well run. They have some of the best management in the US. They are also the most expensive banks on a Price to Book and PE basis. 2 different types of banks. Wells Fargo is relatively a domestic retail bank with a growing, but small investment banking franchise. Their real business and energy comes from growing their retail business and getting more share of a person’s wallet. J.P. Morgan is a global bank with retail, investment banking and corporate banking.


Price:
$0.020
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
Unknown
2016-03-24 PAST TOP PICK Must be logged in to use chart AMGN-Q Amgen Inc.

(A Top Pick April 16/15. Down 8.57%.) A large biotech company. Pays a dividend has some great products. He continues to like it. They execute very well. To him it is really a pharmaceutical company. If you Buy at this time, you will do very well over the next couple of years. Wait until November to see how the political situation goes in the US.


Price:
$149.240
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
Yes
2016-03-24 COMMENT Must be logged in to use chart BAC-N Bank of America

He likes this bank. It has been a difficult time for US banks. They have bounced back a little, but not substantially. This one trades at about .6X BV, .9X tangible Book Value with a 1.5% dividend yield. You are going to see about 4% revenue growth. With interest rates slowly going up in the US, Net Interest Margins will stabilize. They have been very good at keeping their cost structure very tight. You could actually see a reasonable return on this. Doesn’t see ROEs getting more than 10 or 12, so there is not a lot of upside because of the regulatory environment. Historically if you saw banks trading below BV over the long-term, you have made money. US banks are massively over capitalized, so they are either going to start to buy back their stock or pay out more dividend.


Price:
$13.680
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
Yes
2016-03-24 TOP PICK Must be logged in to use chart BMW-GR Bayerische Motoren Werke AG

A unique story. There were 18 million car sales in North America last year, and a lot of purchasing got pushed forward. With Quantitative Easing, he thinks the same thing will happen in Europe. Their car sales are below the 2007 level. Trading at 8X earnings. They meet all the CO2 requirements in Europe and have a great quality hybrid/electric car business. Dividend yield of 4.02%.


Price:
$0.000
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
Yes
2016-03-24 HOLD Must be logged in to use chart CJR.B-T Corus Entertainment (B)

The deal with Shaw has been approved. It seems the dividend is safe. The bigger issue is that the world of entertainment and media is changing so radically there is going to be a lot more volatility. Thinks the stock may move sideways for the next little while until all these things get cleared out. The issue for him is how does it all turn out over the next little while, and that is very foggy.


Price:
$10.670
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
Unknown
2016-03-24 DON'T BUY Must be logged in to use chart ECA-T Encana Corp

A very difficult environment. Management is to be applauded for trying to cut their cost structure by selling off non-core assets. What is ultimately going to hurt is that natural gas remains very, very low and their cash cost production is much higher than other companies. You are better off owning other companies such as Tourmaline (TOU-T) which have lower costs and can actually grow.


Price:
$7.850
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
No
2016-03-24 PAST TOP PICK Must be logged in to use chart EFN-T Element Financial

(A Top Pick April 16/15. Down 22.92%.) One reason he really likes this is that the leasing business is almost all in the US. Banks and other organizations are getting out of this business, so there is a great opportunity for them to grow. Made the purchase of General Electric’s (GE-N) leasing businesses. They are being split into 2 companies, which will give you the choice of owning the fleet business or the leasing side, and he would own the fleet part. Good management. They will grow through acquisitions along with organic growth. Still a Buy.


Price:
$13.710
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
Yes
2016-03-24 BUY Must be logged in to use chart ENB-T Enbridge

The $40 range was a great buying opportunity. Not cheap, trading at around 23X earnings, but have been able to show that they can grow their earnings. Have a big CapX program going on that they can easily fund without hurting their payout ratio. A very good, consistent company over a long period of time.


Price:
$49.570
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
Yes
2016-03-24 TOP PICK Must be logged in to use chart FSV-T Firstservice Corp

This manages gated communities, etc. A very unique business. 90% of revenue comes from the US. The business is very fragmented in the US, and they can grow by acquisition as well as organically. Because these are gated communities, they have long-term contracts. They also own other businesses that tie into the communities. Feels it can easily grow between 10% and 15% over the next little while. Good management. Dividend yield of 1.09%.


Price:
$53.250
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
Yes
2016-03-24 COMMENT Must be logged in to use chart JNJ-N Johnson & Johnson

A unique company in that it has 3 parts, medical devices, Pharma and consumer products. Well diversified, unlike the pure Pharma industry. A great dividend yield of almost 3% and not trading at a huge multiple. Every year they slowly increase their dividend. Incredibly well run and stable.


Price:
$108.310
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
Yes
2016-03-24 TOP PICK Must be logged in to use chart KHC-Q Kraft Heinz Company (merged)

Really likes the story. Pays a good dividend. Not cheap from a P/E basis, but 2 things are happening. Heinz had a great global distribution while Kraft is really North American. Thinks Kraft products are going to be better distributed through the Heinz distribution network. Expects to see some really decent organic growth, and a bigger acquisition down the road. Very good at cost cutting, and expects they will be taking a lot of costs out of Kraft over the next couple of years. Dividend yield of 3.01%.


Price:
$76.460
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
Yes
2016-03-24 PAST TOP PICK Must be logged in to use chart PHX-T Phoenix Energy Services

(A Top Pick April 16/15. Down 70.71%.) Sold his holdings. It was a difficult story. As a supplier to the oil/gas industry, they really got squeezed.


Price:
$2.180
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
No
2016-03-24 COMMENT Must be logged in to use chart PM-N Philip Morris International

A cigarette company and has done very well. This was a split with Altria Group (MO-N) being the North American side and this being the International side. They throw up tons of free cash flow and have a great yield. The International has less restrictions. Incredibly well run. Dividend yield of 4.18%.


Price:
$97.570
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
No
2016-03-24 COMMENT Must be logged in to use chart SBUX-Q Starbucks

A unique company with a great brand name. A lot of brand-name companies get momentum for certain periods of time and get much above their earnings, and then the stock has to move sideways. Growing internationally and thinks it will continue to do so. Changing a lot of their formats which has really helped. Got ahead of itself and will move sideways for a while.


Price:
$58.360
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
No
Showing 1 to 15 of 2,140 entries
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