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Compiling comments that experts make about stocks while on public TV.

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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
2014-10-27 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  When you look at longer term value in oil stocks you have to look at this as a pullback and a buying opportunity.  Fundamentally nothing has changed in the last 5 months except punishing Russia.  The US is suppressing world oil prices.  Forecasts are $70 for the next year or two for oil prices.  Accumulate on weakness, not run for the sidelines here.  Speculators are still very long oil.  The price should not stay below $80 for long.  If we get the pipelines going east/west we can sell our oil more easily on world markets and get the price and this will benefit Canada.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2014-10-27 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

There will be a cold war between fracking in Canada and OPEC.  For the next year or so there will be playing back and forth.  OPEC has said they are okay with oil in the $80-$100 range.  In Canada, you have to cut costs, and be sure of your cap-X.  A lot of the production in the world will not be profitable.  He added SU-T on the weakness to client portfolios.  ZEO-T yields 3.4% and on a risk adjusted basis, you get a better quality dividend than the banks.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2014-10-27 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Educational Segment.  How to Play the Energy Sector.  ZEO-T, HXE-T, CLO-T, and XEG-T are the 4 ways to play the energy sector.  OXF-T and HXE-T do a covered call overlay, offering two more ways.  Equally weighted ETFs usually outperform market weighted indexes.  Covered call ETFs usually give you about 2 percentage points more than the others.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2014-10-27 BUY on WEAKNESS Must be logged in to use chart CPG-T Crescent Point Energy Corp

People are selling because they worry about sustainability of the dividend.  But you should be buying these when they are weak.  You should be more defensive when things are looking good.  You need to re-frame your thinking since that is not the case.  Oil will be volatile for the next year.


Price:
$37.100
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2014-10-27 DON'T BUY Must be logged in to use chart HSE-T Husky Energy

Not one of his favourites.  Prefers SU-T or IMO-T, but it is a play in the sector.  You need to own 10 stocks because if you own 2 or 3 you may pick the wrong ones.  He prefers XEG-T or ZEO-T for diversification.


Price:
$27.110
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2014-10-27 BUY on WEAKNESS Must be logged in to use chart LTS-T Lightstream Resources

They have had flat revenues for 4 or 5 years now.  There is not a big growth profile to the company.  With energy prices as they are, they should tend to do very poorly.  You are going to see way more volatility over the next year.  The trends aren’t good here.  This stock is getting very, very oversold and so you could nibble at it, but it will come with lots of volatility.


Price:
$3.460
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2014-10-27 BUY on WEAKNESS Must be logged in to use chart SGY-T Surge Energy Inc

They are a growth company, increasing production and revenues.  The potential is here and you want to accumulation the growth names on weakness.  It looks like a good one long term.


Price:
$6.180
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2014-10-27 BUY on WEAKNESS Must be logged in to use chart TOU-T Tourmaline Oil Corp

If you liked it at $50 you have to like it a lot more at $39.  You want a half position or less in your portfolio.  You have to trim so you can add it back when it bottoms.  It could potentially fall a lot lower if the momentum picks up to the downside.  Never average down, but average into your position. 


Price:
$38.890
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2014-10-27 BUY Must be logged in to use chart ZEO-T BMO S&P/TSX Oil & Gas ETF

Yields 3.4% and on a risk adjusted basis, and you get a better quality dividend than the banks.  It is one of the largest holdings he has.  It is getting very attractive on a relative basis.  It is a global dividend seeking fund.  There will be increased volatility for the next year or so.


Price:
$14.090
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2014-10-20 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  Every time there is a Monday holiday we seem to get some market volatility.  S&P got down 9.4% and he was looking for 10, so we saw that.  16-17% of the S&P has reported already and he gives it a B+ rating.  IBM missed big, but when looking at various sectors, the change in earnings have been actually pretty good and in fact a bit better than expected by about 2-3% going into the quarter.  Revenue has been better than expected except for IBM and they are pointing to currency problems.  IBM may be a specific story.  We’ve seen some pretty good moves in financial stocks in the US after earnings reports.  He thinks it is a 70% chance it is a market bottom for now.  It may be a challenge in 2015 as the FED tries to ‘remove accommodation’.


Price:
$0.020
Subject:
TECHNICAL ANALYSIS & ETF's
Bias:
UNKNOWN
Owned:
_N/A
2014-10-20 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

From a 3-5 year perspective he likes oil and gas.  He was looking for pullback and we got it.  Looking out at the dividends from the energy sector, relative to where the banks are, he likes the dividend in the energy sector much better than the banks for the next 3-5 years.  There is talk, though, in the market where Saudi Arabia are going to be complacent in the energy price and this will punish Russia.  The spike below $80 in oil is probably the bottom and certainly in the low end of the range.  Below $75 makes no sense because of cost of production.


Price:
$0.020
Subject:
TECHNICAL ANALYSIS & ETF's
Bias:
UNKNOWN
Owned:
_N/A
2014-10-20 WATCH Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Gold.  A number of months ago he identified a double bottom.  We tested those.  But every rally has gone to lower highs.  The now triple bottom is still vulnerable.  Gold is not responding to recent S&P lows the way it should.  Wait for panic selling and then buy in for the next decade.  The lows of last year have to be taken out and then there has to be panic selling. 


Price:
$0.020
Subject:
TECHNICAL ANALYSIS & ETF's
Bias:
UNKNOWN
Owned:
Unknown
2014-10-20 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

US Dollar and portfolio adjustment.  Japan needs to continue to weaken their currency.  Euro may go to parity.  US dollar staying strong may be a drag on US earnings so you may want to change your portfolio as currencies weaken.


Price:
$0.020
Subject:
TECHNICAL ANALYSIS & ETF's
Bias:
UNKNOWN
Owned:
_N/A
2014-10-20 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Educational Segment.  Volatility and the Bond Market.  In his sleep at night portfolio he looked for this correction.  Bond markets have done very well.  With 3 ETFs you can buy the entire world of fixed income.  He saw a 10 point spike in their charts.  Hedged fund portfolios are forced to come and buy fixed income securities.  He looked at the spread between VIX futures.  Wednesday of last week we saw the spike in the VIX spot and the bottoming of the S&P.  What he did was to get out of a lot of fixed income and rolled it into equities while they were so low and bonds were so high.


Price:
$0.020
Subject:
TECHNICAL ANALYSIS & ETF's
Bias:
UNKNOWN
Owned:
_N/A
2014-10-20 BUY Must be logged in to use chart CCO-T Cameco Corporation

Uranium.  He added it to his portfolio over the last week.  He thinks the sector will make a bottom, but he does not know when.  He thinks it is a very attractive sector right now and CCO-T is his preferred way to play it.  You have to be willing to sit with it because it is volatile.


Price:
$18.640
Subject:
TECHNICAL ANALYSIS & ETF's
Bias:
UNKNOWN
Owned:
Yes
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