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
2016-07-18 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  The Markets have been very calm in the light of the coup attempt in Turkey.  The S&P sold off quite hard on the futures at first.  People were making moves at first.  There were more moves on the currency market, though.  Country Specific ETFs:  TUR is the ETF for Turkey.  When you go into a country that is emerging, you have to ask if it makes sense on a risk adjusted basis.  The currency risk defines much more of the risk than anything else.  He thinks the Turkish currency will wipe out any country returns.  The initial polls regarding the US election indicate Trump may not have made the best choice.  The republican party is fracturing.  For all the negative that Hillary has gone through, she is still fairly far ahead in the polling and that tells you that people really don’t like Trump.  As long as the polls stay close it is a negative headwind for the markets.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2016-07-18 DON'T BUY Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Equity or Bond ETF for new money.  Bond yields will probably stay low for possibly decades.  He does not like what has happened to the long end of the yield curve.  He would look at short term corporate bonds, and wait for a correction in the equity markets to get back in to equities.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2016-07-18 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Long Term Income ETF.  It has to be diversified, have high yielding dividend stocks, and corporate bonds.  FIE-T holds Canadian banks and preferred. It is somewhat diversified. 


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2016-07-18 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Educational Segment.  Crisis for Savers.  In Europe in asset classes, there will be negative real returns.  They expect 4.3% in emerging markets.  The buy and hold world is going to be challenged for the next number of years.  Fixed income and treasuries are looking negative.  Small caps are looking like zero returns.  Higher volatility investments will have higher returns.  Most returns come from the currency of the country. 


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2016-07-18 COMMENT Must be logged in to use chart BLD-T Ballard Power Systems

In almost 20 years they have not developed as a company.  You get spikes and then disappointments.  You could buy at pullbacks, but chasing breakouts has been bad in terms of returns.  If you like the technology you buy into the pullbacks.


Price:
$2.590
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2016-07-18 COMMENT Must be logged in to use chart DOD-N ELEMENTS Dogs of the Dow Linked to the Dow Jones

Dogs of the DOW.  It is not something he uses.  He is not that familiar with it.  It invests in stocks that have underperformed for a while.  In the long run all the stocks should perform equally so you buy the under performers and they catch up.


Price:
$18.000
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
No
2016-07-18 COMMENT Must be logged in to use chart GWO-T Great West Lifeco

Negative interest rates leaking into North America will hurt insurance companies more than anyone else.  Best case scenario you are in a range.  You could add at the low end of the range, but negative interest rates leaking in from Europe are a big risk.


Price:
$34.280
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2016-07-18 WAIT Must be logged in to use chart HOG-T Horizons Cdn Midstream Oil & Gas Index

Mostly pipeline space.  He thinks it is a fine holding, trying to equal weight them all.  The pipelines are a place of safety.  A couple of years ago this one was in a downtrend.  It is not without risk.  The valuation is not attractive at this point.  If oil prices drop, and this ETF drops back, then it is probably a decent thing to own.  This is not a great growth holding.  It is a yield holding.


Price:
$8.090
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2016-07-18 DON'T BUY Must be logged in to use chart XIN-T iShares MSCI EAFE (CAD-Hedged) ETF

International developed markets outside of North America.  It has a higher dividend yield than the US markets.  It is currency hedged, which he likes.  But we have some serious growth challenges in Europe and he does not think it is over yet.  It is hard to be wildly positive on it.  It is too early.


Price:
$21.670
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2016-07-18 WATCH Must be logged in to use chart XRE-T iShares S&P/TSX Capped REIT

He sold most in the spring.  He is out of REITs now.  Interest rates will stay low for decades, but it is only a goto sector during periods of weakness.


Price:
$17.110
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
No
2016-07-11 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  They are having a referendum in Italy in October.  If Italy goes, the whole thing falls apart.  If France goes, the whole thing falls apart also.  Gas prices are pointing to weakness in crude oil.  Usually refiners build up inventories for the summer, but the demand has not been there.  We are 10-15% below averages and this is negative for West Texas oil.  He thinks we will see a dip below $40 this fall in the price of oil.  Energy stocks should fall off 10% and this would be your next buying opportunity.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2016-07-11 PARTIAL BUY Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

MOO-N and COW-T play in the agri-space.  Some are food processing and some are agriculture side (potash and so on).  Some of these stocks will come down over the next year.  You could nibble now.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
No
2016-07-11 BUY on WEAKNESS Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Silver.  He looks at gold and silver together.  We should test the recent break out in the near term and that is where you could buy on a dip.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2016-07-11 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Educational Segment.  Earnings Season.  Brexit and so on will get pushed to the back burner temporarily.  The focus will be on earnings.  Revenue is important.  The S&P is expected to decline in earnings for the 5th quarter in a row.  It is expected to be down 0.8%.  Next year the expectation is that revenue growth comes back.  Technology and financials are expected to be bad for Q2/16, but to grow a lot in 2017.  Price to sales ratio.  In ’98 to ’00, markets doubled.  The price of the S&P vs. its revenue got to a little over 2.  We don’t have that same economic tailwind now.  The current ratio is 1.9.  When the price to sales ratio is this extreme, companies miss all the time in earnings.  There is a risk of a 10 to 15% correction.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2016-07-11 WATCH Must be logged in to use chart CXR-T Concordia Healthcare

If Hillary gets in as president in the US she will come down on a lot of these companies so for now you have to wait.  At $25, risk reward may start to improve.


Price:
$27.280
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
Showing 1 to 15 of 1,969 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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