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
2016-04-25 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  Companies play a game by talking down their numbers, and then beat them.  He showed a chart of profits.  They are falling this year, even after backing out financials and energy.  Non-GAAP compared to GAAP earnings are widening.  Real earnings, not adjusted for accounting, are really falling.  He is very cynical with how Wall Street plays games with earnings.   We are very late in the cycle.  There are not years of earnings growth ahead of us.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2016-04-25 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Currency hedging.  You want to hedge for 5 years if the dollar gets below 73 cents.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2016-04-25 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Educational segment. The zero interest rate policy.  The central banks are ripping about a trillion dollars away from the savers.  This is actually effectively the biggest increase in taxes for savers in history.  Japan cannot do anything to stimulate growth except to lower the value of the currency.  There is $75 Billion in in ETFs that Japan has purchased in the last few years to try to stimulate the economy.  The largest economy in the world (USA) is not growing if it was not for borrowing.  Borrowing in the system is going up and GDP growth is going down.  They just can’t keep going on like this.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2016-04-25 WATCH Must be logged in to use chart CJR.B-T Corus Entertainment (B)

It looks like they declared their dividends on schedule for the last couple of months.  He does not comment on sustainability.  It is hard to say if there is relative value here.  They are probably closer to a low than a high.  The PE is low.  It does not look like the analysts love this stock.  It probably has some more volatility.  ~10% yield, which suggests it may be a cut.


Price:
$11.800
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2016-04-25 WAIT Must be logged in to use chart CXR-T Concordia Healthcare

The whole space around biotechs got caught up in the Valiant (VRX-T) story and more importantly is who will win the US election. Hillary has an aggressive stance against the biotech companies.  You need to see how the dust settles before investing.  He is okay trading it up to the recent resistance.


Price:
$40.970
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2016-04-25 BUY Must be logged in to use chart ENF-T Enbridge Income Fund Holdings

He has not looked at it.  It is in a longer term downtrend.  He would be comfortable with having something like this in his portfolio. There should be long term support at present levels.


Price:
$29.500
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2016-04-25 COMMENT Must be logged in to use chart LIT-N Global X Lithium E.T.F.

Technology.  He loves clean tech and innovations. He loves the lithium sulphur battery idea.  Can you invest in this for the long run?  Yes.  The longer your investment horizon the more volatility you have to endure.  You have to be able to handle the ride if you invest for 5 years.  You should accumulate during the down times.  There is a Lithium ETF:  LIT-N.


Price:
$23.010
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2016-04-25 WATCH Must be logged in to use chart POT-T Potash Corp of Saskatchewan

He loves the feed-the-world trade.  That is not mattering that much right now.  It looks like we are making a bottom, but we have not confirmed.  He is starting to like it here.


Price:
$22.570
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2016-04-25 WATCH Must be logged in to use chart TOG-T Torc Oil & Gas Ltd

We are not out of the worst in oil and gas, but the bottom is probably in.  There should be some support around the breakout area at the beginning of this month.  See if the breakout holds.  Don’t add here.  Wait for a pullback as he thinks there is pullback in oil prices to come.


Price:
$8.570
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2016-04-25 STRONG BUY Must be logged in to use chart ZPW-T BMO US Put Write ETF.

He has been building a big position in this one.  It is near its 52 week lows because it only came out last September.  It is based in US dollars and that has driven it recently.  30-40 high quality US companies with naked put options being written.  It is a great diversifier in a yield based portfolio with an uncorrelated return.


Price:
$18.760
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2016-04-18 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  China is slowing.  You can’t fight that.  They are going to continue to do stimulus.  It is the second biggest economy in the world.  Slower growth is the message.  There is more downside risk than upside risk in the markets.  You want to come in and buy the dips. 


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2016-04-18 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

5% limit on any equity in your portfolio.  It takes 30 stocks or more to be diversified enough.  An ETF with more than 30 stocks is okay, but you need to be diversified globally as well as between sectors.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2016-04-18 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Euro vs. the Canadian dollar.  A lot of what the Euro will do will have to do with what happens with the EU economy.  He thinks it will break up within 10 years.  The US dollar will still be the strongest currency in the world.  What the Canadian dollar does will have everything to do with oil.  Canada vs. the Euro should do a little better than against the US$.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2016-04-18 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Educational Segment.  An agreement among stop producers did not happen.  They were talking of freezing production.  But if he was running Iran and had been under sanctions for 5 years, he would pump as much as he could to get his share of the revenue.  Probably the highs we have seen recently are all we are going to see for now.  5 years ago OECD did not have a clue what fracking would do.  Right now they are expecting no material increase in production in North America for over a decade.  The XEG-T trend line is up, but we have to watch for it to break down.  We have 10-15% correction risk.  ZJO-T is energy and juniors would have 15-20% correction risk.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2016-04-18 WAIT Must be logged in to use chart BAM.A-T Brookfield Asset Management (A)

It has a reasonable correlation to the economy.  He believes the volatility will be higher.  It will probably go back to the bottom of its recent range around $38.  Then it might be a good time to get it.


Price:
$43.310
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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