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
2017-06-19 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  They de-stressed the stress test for the banks by taking the qualitative aspects out of it.  This week the stress tests will not have much impact.  He thinks we will see negative interest rates in the future.  He does not think the Fed will be able to unwind the balance sheet of the US much.  The equity markets are breaking out to new highs today.  There is a recession sometime in the future that will be hard on the markets.  He is nibbling away at energy producers, mainly through ETFs such as XEG-T, XLE-N, OIH-N.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2017-06-19 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

ETF similar to ROBO but in Canada.  There aren’t any.  You will have foreign currency risk with all of these.  But even if there was a Canadian one it would have to hold international equities.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2017-06-19 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Canadian vs. US $ ETF.  He believes the US stock markets have never been more expensive.  A high quality ETF could fall 25% or more in a bear market.  You would still get a yield throughout, however.  BMO is the best at covered call strategies so you might go that way.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2017-06-19 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Buy US$ now?  He likes to scale into a position.  If you have years to wait, then the CAD$ might get higher.  For the foreseeable future you are looking at $0.78 as the maximum, if that.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2017-06-19 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Guest: Danielle DiMartino Booth, author of Fed Up.  She is very critical of the Fed.  Credit markets were frozen solid and liquidity was the issue, not interest rates.  9 years later we are not at normalized interest rates.  She thinks eventually we will have social unrest.  Dividend paying stocks are among the most over valued stocks in the index.  Auto and Energy are the two biggest drivers of growth.  Auto sales volumes have rolled over.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2017-06-19 BUY on WEAKNESS Must be logged in to use chart ALA-T Altagas Ltd

He hates saying you get paid to wait.  He likes ETFs so you are diversified.  It looks like ALA-T is in a trading range.  You could nibble away at it if you like the dividend, however.  Sell at $35.


Price:
$30.590
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-06-19 DON'T BUY Must be logged in to use chart HOU-T HBP NYMEX Oil Bull+ ETF

Double bull oil ETF.  It seems you are at the bottom end of the range in oil prices.  This ETF has the usual problem with leveraged ETFs if you hold them a long time.  HOU-T may not go up if oil is too volatile.


Price:
$5.090
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-06-12 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  The reversal in tech shares is quite meaningful. It stands out as what was leading the markets over the last 6 to 12 months. Look at IYW-N, the tech only ETF that is up 40% year over year, vs. the S&P being up 20%.  If you are a short term trader, you could buy on pull backs, but if you are long term, wait.  Buy when it tests the Trump election night levels, then it is time to step in.  Looking at the UK markets, they don’t like uncertainty.  BREXIT is the first part of the EU coming apart, but 5 years from now the EU won’t exist in its current form.  Italy stands out as the next one to move out.  The soft economic numbers are getting a bit better in Europe, but it is not free and clear.  The US markets are concerned with how the Fed is going to unwind or start to unwind the balance sheet.  It will pull back the liquidity of the markets just a little.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2017-06-12 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

If we are in a secular bull market, breaking out from $15 and change in the S&P, if we get back to those levels we would be testing the breakout of the market. And he thinks that is highly likely in the next recession.  We don’t know when the next recession will hit.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2017-06-12 BUY Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Caller looking for an ETF that covers retirement homes.  He has not seen one.  There is definitely a growth story there.  The government is considering a lot more in-home care.  Something investing in that would be a terrific growth story for the next 15 years.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2017-06-12 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Educational Segment.  The US Yield Curve.  There have been three rate hikes: Dec/15, Dec/16 and then Mar/17.  The yield curve is the difference between the two year rate and the 10 year rate in the US.  We have seen a flattening of the curve following each rate hike.  Short term rates are rising while long term rates are falling somewhat.  This historically means that the market is anticipating a slowdown in the economy.  He would be shocked if we did not get a rate hike this week, but that should be it for this year.  Longer term rates will continue to fall.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2017-06-12 BUY on WEAKNESS Must be logged in to use chart AMD-Q Advanced Micro Devices

He would want to buy pullbacks to the $10 area.  We made a good test in May.  A pullback to that level would indicate a buying opportunity. 


Price:
$12.090
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-06-12 DON'T BUY Must be logged in to use chart MFC-T Manulife Financial

He does like the insurance space.  It is going to be challenged.  Life expectancies are extending and the higher interest rate liabilities are extending.  He thinks rates stay low for the next decade or two.


Price:
$24.110
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-06-12 SELL ON STRENGTH Must be logged in to use chart XLF-N SPDR Financial E.T.F.

He was looking to buy ZUB-T when it was testing multi-month rallies.  This rally is about expected rate hikes from the Fed and he expects they are over.  He would sell into strength on the banks.


Price:
$24.340
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-06-12 DON'T BUY Must be logged in to use chart ZEO-T BMO S&P/TSX Oil & Gas ETF

He was buying the energy sector last week.  Now it is his biggest overweight sector.  If you go back 5 years, the lows of 2011/12 were in the $12 range.  Oil was on its way up to $100.  When oil was $100, this ETF was almost $18 at the peak.  The recent peak was $13 as oil was at $55 late last year.  That is not really that sustainable.  Own it between $11 and $12 and buy or sell below or above these limits.  He is not inclined to add to it here.


Price:
$10.850
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
Showing 1 to 15 of 2,299 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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