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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
2015-02-23 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  The markets are nutso on the ‘patience’ word.  Is the Fed going to push it down the road or not.  They need 150k jobs to keep up with the population growth.  About 50% of the last year’s job growth was related to fracking.  The quality of the US employment rate is not fixed.  The Fed definitely wants to try rising interest rates.  If they don’t like what happens they may lower them again.  Nothing is fixed in Greece.  They have to leave the Euro at some point.  They have significant challenges.  They are just another can kicked down the road for 6 months.  QE has been the backbone of the recovery including the European QE.  We will see in March what the ECB’s program is going to look like.  We may be in for a bit more volatility in Europe. 


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
_N/A
2015-02-23 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

ETFs specializing in REITs.  Prefers ZRE-T because it does not overweight the big ones and gives the small ones more of a real chance.  FRF-T is an actively managed ETF and you might consider that.  There is a smaller cap bias to the markets in the uptrends.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
_N/A
2015-02-23 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Educational Segment.  63 year old’s potential portfolio.  VCE-T (30%) is an ETF that invests in Canada.   XWD-T (40%) is the world index.  XBB-T (30%) is the entire Canadian bond market (no emerging market exposure).  It had a  2.8% annual return over the last 13 years with 13% standard deviation. That is probably not what you are hoping for.  But from ‘09 to present the returns are quite good at 15%.  Would he have sold in `08?


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
_N/A
2015-02-23 SELL ON STRENGTH Must be logged in to use chart BBD.B-T Bombardier Inc (B)

It is one of the dogs he held.  Even the smart analysts don`t know where this stock is going.  He is looking to exit it in the mid-$3 area.  This is a speculative play.


Price:
$2.350
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2015-02-23 COMMENT Must be logged in to use chart ZGD-T BMO S&P/TSX Eq.Wt. Global Gold

5-10k shares per day volume.  He went in last November and bought a million shares.  The market maker created the units, so the value traded does not matter.  The individual investor needs to trade at least 50k shares to have the market maker create units and you have to call the market maker. 


Price:
$8.360
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2015-02-23 WATCH Must be logged in to use chart ZHY-T BMO HighYield Corp Bond US Hedge to CAD ETF

High yield bonds with a currency hedge.  He has no exposure right now.  It is a nice yield, but with 20% of US fracking business in the high yield index, he stays out. He thinks this will re-test the levels from last year and that would be an okay time to step into it.


Price:
$15.750
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2015-02-23 HOLD Must be logged in to use chart ZPR-T BMO S&P/TSX Laddered Preferred

Preferred resets trading off the 5 year bank of Canada.  He owns ZPR-T.  These are a hybrid between fixed income and equities.  Just hold the ETF and collect the yield.


Price:
$12.880
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2015-02-23 BUY Must be logged in to use chart ZWB-T BMO Covered Call Cdn Banks ETF

Canadian banks with covered call overlay.  You have less volatility by using this compared to an individual bank.  You may or may not get a better overall total return.  He thinks Canadian banks go sideways for the next year.


Price:
$16.330
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2015-02-09 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  Greece is talking tough on austerity.  Greenspan said the Euro does not work for all countries.  Berman feels the Euro will eventually fall apart and this is just the next iteration of the debate.  The markets will have some anxiety about it.  China has some growth issues they have to manage.  They will soon be the largest economy in the world, so when their trade numbers slow down, it is significant.  Growth rates could fall to low levels over a number of years.  We can see strong numbers in the markets without Chinese growth, however.  We are in the very early phases of banging out a bottom in the price of oil, but it could take a year.  We should be accumulating a position in the crude space.  Don’t invest in ETFs that hold the commodity because of losses from the rolling over of futures contracts.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2015-02-09 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Having just one oil stock and one gold stock is not diversified.  Use an ETF.  Don’t try to choose between oil and gold.  You might want to be more weighted in oil than gold.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2015-02-09 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

What happens if the manager of your ETF runs into trouble?  The assets become custodied in segregation and there is no issue and you get your money back, unless there is fraud.  It is relatively insignificant in the grand scheme of things.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2015-02-09 BUY Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Safe ETF for one to two year hold.  The more diversified you are, the lower the volatility.  In two years, Greece could blow up, or the US and China could lift the world.  ZMI-T is corporate bonds, preferreds and a lot of everything, Canada focused.  There is no global balanced ETF that gives you that exposure.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2015-02-09 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Education Segment.  Comments by a TV Personality on ETFs.  He was shocked that this host of a popular money show does not ‘get’ ETFs, saying they were only for short term trading and you should go to mutual funds.  The corner stone of investing is diversification.  You need 30 to 40 individual stocks to diversify a market and it is hard to manage that many, and that’s why ETFs are great.  Comparing CPG-T and RY-T to ETFs containing them, you got more return for less volatility using the ETF recently.  The point is that you have to be diversified.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2015-02-09 WATCH Must be logged in to use chart BCE-T BCE Inc.

Got very expensive and was downgraded.  He would look for it to get closer to $50 before getting back in.  Expects to get there in the next month or two.


Price:
$54.800
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2015-02-09 COMMENT Must be logged in to use chart HACK-N PureFunds ISE Cyber Security ETF

Cyber security.  [Caller concerned about risks of an ETF failing] An ETF does not fail, but they could close it if it did not work.  It costs $25k-$30k per year to run an ETF.  You need about $8-10 Million in the ETF to just start making money.  There is only $2 Million in it right now.  It is a great strategy for playing that area.  Concerns are that it does not pay much of a dividend and the sector is trading at a pretty high multiple.


Price:
$26.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
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