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
2016-08-22 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  The conventional wisdom is that oil prices have bottomed.  What is not clear is what the recovery looks like.  Does it reach balance next year?  In the $50ish range, there is still debt stress to oil companies in the first quarter.  He does not think there has been any volatility in the last few months.  Markets came up and leveled off.  He is not sure the volatility is there and is not sure the underwriting for the banks is going to be there.  ZWB-T with a covered call overlay is the way to play the banks.  Real estate could be another headwind.  ATD.B-T have a great story – growth by acquisition.  New highs today in the stock.  He does not like the break out and so does not trade it.  He likes XST-T with ATD.B-T as a major holding as a major place to play but it is not particularly cheap right now.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2016-08-22 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Volatility – A bump coming in September?  He has been expecting this with the election and into November.  So far it has been pretty clean.  The event he sees is the Italian referendum in October.  There is a huge potential for an anti-EU party running Italy and wanting to leave the EU.  The US election will not cause the uncertainty that it previously looked like it would.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2016-08-22 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

NASDAQ US Bank ETF?  If you search you can get a whole series.  XLF-N is the entire financial sector.  KRE-N is regional banks.  Check out ETF.COM.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2016-08-22 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Packaging Companies ETF?  There is not one.  It is too narrow.  There is a company in the US that builds customer ETFs.  He is going to get details and tweet it out.  You can make out your own basket of ETFs.  You have to open a US based investment account.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2016-08-22 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Educational Segment.  Why rates can rise and what to do to take advantage.  Bernanke has used this week’s speech in the past to change things.  Last week we had the minutes from the July meeting causing the market to see no raised rates.  Since then a number of Fed speakers have said it could change.  There is still only a 26% chance they raise rates in September.  He thinks the Fed are not considering the election in making interest rate increase decisions.  He thinks there is a much higher chance that rates go up in September.  He recommends sitting in US cash and make 3-4% while you wait.  DLR-T and PSU.U-T and SHV-N play the US dollar as well.  


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2016-08-22 SELL ON STRENGTH Must be logged in to use chart CCO-T Cameco Corporation

Uranium Industry.  A year or so after Fukushima he jumped on this, thinking Uranium would be part of the cleaner uranium needs the world has, but after a year or so he got out of uranium.  He has not seen anything yet that a bottom is in.  It could still weaken still. 


Price:
$12.190
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2016-08-22 COMMENT Must be logged in to use chart EFN-T Element Financial

When a company’s business decides to break off, the idea is to unlock value in a part that is being weighed down by the overall picture.  It is the fleet management business that is being undervalued.  A stock split is different.  This is not a splitting of the stock.


Price:
$13.510
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2016-08-22 DON'T BUY Must be logged in to use chart XIU-T iUnits S&P/TSX 60 ETF

TSX-60.  He was pretty sure at the beginning of the year that Canada would outperform because of oil bouncing back.  He does not see a lot of upside because the market is valuing oil stocks now with oil at $60.  It is not a good time to step in.  He could still be wrong going forward.


Price:
$21.640
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2016-08-22 BUY on WEAKNESS Must be logged in to use chart ZWU-T BMO Covered Call Utilities ETF

Pipeline stocks with Democrats staying in power.  This is a reference to keystone.  Trump is in favour, Hillary is not.  The valuation is not great right here.  ZWU-T in this sector he likes.  You are diversified and they are all high dividend payers and the ETF has a covered call overlay however if interest rates were going up then this would perform poorly.  He would add to this ETF on weakness.


Price:
$14.070
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2016-08-15 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  There is an index (Case Shiller) that tries to smooth out the earnings cycle.  It is the smooth PE (10 year average).  It had a peak in the 2000 tech bubble.  If you draw the line back historically, anything above 22 is in the top decile.  If you look at forward average earnings in the 10 years following a point in this top decile, the average real return is about 1% for US equities.  If you buy when the index is high then you get 1% over 10 years real return.  The average return on the market now will be lower over 10 years based on historical norms.  Trump gave his economic speech last week and then went out and suggested someone shot Hillary.  He cannot believe this guy is running.  He thinks it is almost certainly that Hillary will win and so you start to decide what areas will do well under Hillary.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2016-08-15 DON'T BUY Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Precious Metals ETF.  In the US there is a silver stock ETF (SLVP-N).  For other precious metals there isn’t one.  There are ones for base metals but now is not the time for them.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2016-08-15 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Educational Segment – Fewer and fewer stocks are lifting the markets and this should concern investors.  Market breadth is an important concept.  He looks at stocks making new 52 week highs.  100 or more stocks is a lot of stocks to make 52 week highs.  The top 10 holdings in the S&P are 18% of the market and can lift it.  He showed a chart of the number of stocks making new highs over time.  The market is going up and the percentage of stocks making new highs is low compared to 2013-2015.  This is not a broad based rally but late cycle.  There are big risks for downgrades in the fourth quarter.  He compared the consumer cyclical and retailing.  The latter is not doing well but the big names are doing well and lifting the index.  You should look at what the whole market is doing.  It is not a robust trend 8 years into a bull market.  It is not a broad based rally so don’t chase it.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2016-08-15 BUY Must be logged in to use chart COW-T iShares Global Agriculture ETF

MOO-N and COW-T have come down.  He is in accumulation mode on both.  Great long term sectors to hold.  Not bad timing here.


Price:
$33.800
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2016-08-15 BUY Must be logged in to use chart MOO-N Market Vectors Agribusinesses ETF

MOO-N and COW-T have come down.  He is in accumulation mode on both.  Great long term sectors to hold.  Not bad timing here.


Price:
$49.900
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2016-08-15 WAIT Must be logged in to use chart VEE-T Vanguard MSCI Emerg. Mkt. ETF

Because of market risk he does not want a lot of exposure here right now.  He would wait for a pullback rather than put new money here.  South Korea is not included as an emerging market in this ETF.  The BMO and iShares products includes South Korea.


Price:
$29.980
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
Showing 1 to 15 of 1,997 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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