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
2017-10-23 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market.  He expects a big week in earnings.  FNG-N has all the FANG stocks that are reporting this week.  You had a pretty big run up and then some weakness.  His gut feel is that we should get a bit of a sell-the-news action.  He likes the idea of diversification and this is a very niche ETF.  He feels the FED will continue to step on the breaks and try to raise interest rates.  The ECB is doing the same thing.  It will be a challenge over the next year.  It is the beginning of the unwind for them.  He does not have a strong feeling to sell Europe at present, though.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2017-10-23 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

The long term implication of an inverted yield curve.  Prior to every recession we ever had we saw an inverted yield curve.  It forecasts a recession well out from the present.  We should get a bounce short term in the curve but longer term we should get an inversion.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2017-10-23 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Sleep at night portfolios (mutual finds Larry manages for BMO).  Some combination of the three will fit most people’s portfolios.  The global dividend fund is suitable for most people.  The global balanced fund is currently yielding about 4%.  All three manage risk when it comes up.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2017-10-23 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Educational Segment.  Seasonality.  The seasonal pattern has not worked this year (Sell in May and Go Away).  There was no market correction in Sept./Oct.  Since we did not get a correction you might say we will not get much of a seasonal impact for the rest of the year.  He looked into history and over 30 years in years where we did not get that seasonal correction, the market just continued up and the seasonality in November December is even stronger, although sometimes the correction is just later in the year.  Seasonality is just one factor to incorporate into your investing decisions.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2017-10-23 COMMENT Must be logged in to use chart EUFN-Q iShares MSCI Europe Financial

EUFN-N vs. ZWE-T.  EUFN-N is an interesting way to get exposure to European banks.  The risk is that the European recovery does not take hold.  It appears the world is recovering and that the banks are a good place to be, although his outlook longer term is not great on them, and so he does not recommend it.  He sees more risk than not.  Otherwise, it is a good way to play European banks.  He prefers ZWE-T for the yield and the covered calls to lower risk.


Price:
$23.150
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-10-23 COMMENT Must be logged in to use chart XID-T iShares CNX Nifty India

XID-T vs. ZID-T.  A Difference in Tax Treatment?  With a Canadian based ETF holding US ETFs subject to US withholding tax you can get double withholdings.  He suggests asking the ETF provider what the tax consequences are for holding their funds in your Canadian account.


Price:
$34.200
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-10-23 COMMENT Must be logged in to use chart ZID-T BMO India Equity Hedged to CAD ETF

XID-T vs. ZID-T.  A Difference in Tax Treatment?  With a Canadian based ETF holding US ETFs subject to US withholding tax you can get double withholdings.  He suggests asking the ETF provider what the tax consequences are for holding their funds in your Canadian account.


Price:
$22.290
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-10-23 COMMENT Must be logged in to use chart ZWE-T BMO Europe High Dividend Covered Call Hedged to CAD ET

EUFN-N vs. ZWE-T.  EUFN-N is an interesting way to get exposure to European banks.  The risk is that the European recovery does not take hold.  It appears the world is recovering and that the banks are a good place to be, although his outlook longer term is not great on them, and so he does not recommend it.  He sees more risk than not.  Otherwise, it is a good way to play European banks.  He prefers ZWE-T for the yield and the covered calls to lower risk.


Price:
$22.230
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2017-10-23 COMMENT Must be logged in to use chart ZWU-T BMO Covered Call Utilities ETF

The .U units are in US$ and not a lot of people are using them.  Its liquidity is that of the underlying securities.  The market maker creates more units as required.  There is no need to worry about liquidity just because the ETF is thinly traded.


Price:
$14.000
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-10-16 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market.  US earnings are starting on a so-so footing.  The banks started off and given the low volatility of the market, trading volumes were lower than expected.  Revenue growth year over year was not as great as expected so markets were soft.  Banks’ profitability is based on the yield curve and so he does not get excited about the rising interest rate environment because the yield curve is getting flattened.  If you add three more rate hikes, by Q3, we get an inverted yield curve and that predicts recession in 2019.  He does not want to chase markets higher.  Defense is called for.  We are in the worse seasonal period of the year and yet markets have gone higher.  Mid to end of October is historically the worst part of this.  He is waiting for today’s unveiling of the new income tax changes in Canada.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2017-10-16 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Currency.  If people sell the dollar, where is the other side of that trade?  The Canadian dollar is not big enough for the sale of US dollars.  The Euro can’t be because the Euro will break up soon.  The Japanese Yen is a possibility and he does not think we will see a flight to Chinese Yuan.  Don’t worry about the dollar.  It is not going anywhere any time soon.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2017-10-16 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Educational Segment.  Richard Thaler won a Nobel price.  He is the best behavioral economist.  He spends a lot of time trying to get through to viewers and teach them how to make a better investment decision.  Richard is best known for the endowment effect where you value something overly when you already own.  You are reluctant to sell it below what you bought it at.  Even utility bills are giving you little nudges to help you make better decisions in the use of your energy. 


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2017-10-16 BUY Must be logged in to use chart HXDM-T Horizons Intl Developed Markets Equity Index ETF.

It is a very good strategy.  They don’t own the stocks but buy a derivate (futures based swap contract) so you don’t get a tax withholding.  This is an advantage in taxable accounts.  It’s only been out a short while.  It is a very good product for people focusing on tax efficiency.


Price:
$32.100
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-10-16 WEAK BUY Must be logged in to use chart MA-N Mastercard Inc.

When the consumer is at risk, such as in an economic slowdown, it is this one that underperforms.  When the economy performs well and credit is building it does well.  He is cautious right now.  He thinks it is extended and is late cycle.  This is a payment processor and not a lender.  Non-payment risk goes to the underlying financial institutions.


Price:
$146.220
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-10-16 HOLD Must be logged in to use chart MFI-T Maple Leaf Foods

There is some short term resistance.  There is nothing wrong technically.  He would be concerned if we took out the lows from the last couple of months.  The long term trend line looks good.  He is not concerned right now.


Price:
$33.290
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
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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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