Viewing Expert Larry Berman CFA, CMT, CTA | StockChase
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Compiling comments that experts make about stocks while on public TV.

Viewing Expert

Larry Berman CFA, CMT, CTA , Chief Investment Officer, Partner

ETF Capital Management Inc.

Address
5160 Yonge St. Suite 1860
Toronto, ON
M2N 6L9

Contact Info
Telephone: 888-383-9753
Fax: 888-383-9753
Website: http://www.etfcm.com


Date Signal Chart Symbol Company Opinion Price
2017-04-24 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  The new French leader, Macron, is liked by Europe.  There is still a risk, but most likely we don’t need to worry about France for now, except that eventually the EU will break up.  The world needs pro-business, but eventually he thinks Europe will not work.  Analysts are expecting 70% earnings growth this year on the S&P, which he thinks is out to lunch.  There is lots of room for disappointment, but the market should rally for a least a few weeks.  He would sell this rally.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2017-04-24 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Educational Segment.  US Government Shutdowns.  Valuations are high and this is a ‘risk-off’.  You want to be defensive if you can.  There have been 22 government shutdowns in history.  The most recent two had a small impact on GDP (0.1%).  The market historically gets nervous before a shut down and then is fine afterwards.  From a markets point of view it is a case of buying dips.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2017-04-24 COMMENT Must be logged in to use chart CCL.B-T CCL Industries (B)

He does not know the details of how they are going to split it.  There is research that shows there is a perception that you can buy more shares after a split.  This is a human condition.  There is nothing beneficial in fundamentals.  Trade it if you want but because you like the company and then own it post-split, but don’t buy it just because it is going to split.


Price:
$300.000
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-04-24 DON'T BUY Must be logged in to use chart XAW-T iShare Core MSCI World of Canada

When you buy a foreign ETF in Canada, you get a dividend tax withholding.  These ETFs have double negative taxation.  They are not the ideal ones to use.  He likes it otherwise for its overall exposure.  It is a fund holding a fund and that causes you to get dinged twice.


Price:
$23.740
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-04-24 BUY on WEAKNESS Must be logged in to use chart XEG-T iUnits S&P/TSX Capped Energy ETF

The energy sector outperformed the TSX as energy prices recovered last year, but the TSX has continued to go sideways to slightly higher while the energy sector has gone down.  So he has been adding energy.  He bought equal weight ETFs for North American energy exposure.


Price:
$12.510
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
No
2017-04-24 SELL Must be logged in to use chart XRE-T iShares S&P/TSX Capped REIT

REITs.  We are basically coming up to resistance.  He does not think we will break through there.  He is selling REITs and is almost out.  The dividend is not as attractive as in some other sectors.  He would buy REITs if they got back to their lows.  If there is a cyclical recession in the next few years, then REITs will underperform in that kind of environment.


Price:
$16.660
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2017-04-24 WAIT Must be logged in to use chart ZMT-T BMO S&P/TSX Base Metals ETF

An equal weight play on metals.  It has come off significantly from recent highs.  There are massive risks in this sector.  You have to be very, very good on your timing.  He is not stepping in right now.


Price:
$9.590
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
No
2017-04-24 COMMENT Must be logged in to use chart ZPH-T BMO US Put Write Hedged to CAD

ZPW-T vs. ZPH-T. You have 100% equity exposure even though they are miss-classified on many trading platforms that look at what is in them.  They are writing options.  The fixed income holing is just there for margin purposes.  It is a treasury bill so there is no risk to it.  These are not fixed income. 


Price:
$20.060
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-04-24 COMMENT Must be logged in to use chart ZPW-T BMO US Put Write ETF.

ZPW-T vs. ZPH-T. You have 100% equity exposure even though they are miss-classified on many trading platforms that look at what is in them.  They are writing options.  The fixed income holing is just there for margin purposes.  It is a treasury bill so there is no risk to it.  These are not fixed income. 


Price:
$19.540
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-04-24 COMMENT Must be logged in to use chart ZWE-T BMO Europe High Dividend Covered Call Hedged to CAD ET

Europe covered call.  Its biggest weighting is France and it sold off in recent weeks and then today is on new highs.  This is the safeness way to play Europe.


Price:
$22.060
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2017-04-17 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  North Korea is not worrying markets.  Trump has shown his willingness to use aggressive force in recent weeks. The risk metrics are giving you warnings signals, but the stock market does not care.  Some key trend lines are being broken globally.  He would not want to put money to work right now.  The French election outcome could be bad for markets.  The rally is starting to break.  Gold should see resistance at $1300, but $1350 would be where we struggle.  He would sell in that range.  China has been the biggest currency manipulator for 35 years.  With Trump saying his dollar is too strong and he wants it lower it is playing the same game.  For the banks, net interest margins have improved, but the capital markets side just isn’t there.  The leadership sectors have rolled over.  He thinks some kind of correction is coming.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2017-04-17 WATCH Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Where to put US cash to work in ETFs.  There are a bunch of ETFs with a .U after them that trade in Canada, but in US dollars.   He would wait for a pull back of at least 5% before putting money to work.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-04-17 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Why is Gold going in the opposite direction to gold stocks?  He does not agree.  Look at the XGD-T.  You have some resistance from the highs of a few months ago and will see natural selling there.  If gold gets to $1350 there is potential for more gains.  He thinks we need to break above that, however.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2017-04-17 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Educational Segment.  Hedging the Canadian Dollar.  Currency explains about 70% of the difference in returns between markets.  In Canada, the US$ is key.  Currency differences are caused by imports, exports and interest rate differentials.  We are range bound to 70-80 cents for the next few years.  You want to hedge when the Canadian dollar is at the low end of the scale (.73 or below).


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2017-04-17 WAIT Must be logged in to use chart AAPL-Q Apple

The valuation is not expensive.  He loves it from that perspective.  The Samsung 8 is getting great reviews and that is putting pressure on AAPL-Q.  In a correction it could come back to $120 and would be more attractive there.  Wait for the next iPhone to come out.


Price:
$141.830
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
Showing 1 to 15 of 2,240 entries
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1 Comment

raziel

April 3rd 2015 at 8:48am

My preferrers have come down substantially as a result of lowered bank rates, I believe. Shouldn't an instrument with a fixed rate go UP when bank rates are lowered?


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