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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
2015-08-31 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  Last Monday we had a flash crash.  Quality stocks that should not have had that kind of volatility in some cases had no bid.  You will have these periods during high panic.  We had an 18% world correction since the highs.  He was looking for 10-15%.  Effectively we are in a bit of a bear market.  He thinks this will play out over a number of months.  We have had effectively 0% interest rates for 7 years and barely eked out 2% growth.  The economy is not healthy.  He thinks they will raise interest rates and then find they have to cut again. 


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2015-08-31 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

The S&P is about 60% of the Dow in Market Cap.  The S&P is more diversified, however.  The Dow has been underperforming because it has less tech and biotech.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2015-08-31 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Educational Segment.  Fees Related to ETFs and their Impact on Returns.  Regulations regarding performance require you publish the gross of fee returns to the public.  This is because there are various fee classes.  You have to back out fees to see what you are actually paying.  iShares is about 54%, BMO 27%, and Vanguard is 7% of the ETF market.  He mentions the ones that are 80% of the market more often.  He has a bias towards BMO, however because he prefers the way they do covered calls, for example.  He prefers equal weights to market weights.  MERs are not the whole story.  There are cost of trade, acquisition cost (spread), and tracking error as well, which all impact your actual returns.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2015-08-31 BUY on WEAKNESS Must be logged in to use chart GIB.A-T CGI Group (A)

A lot of money has gone into the tech space over the last few years.  The dip to 52 week lows is a good buying opportunity if it is a stock you like.  He thinks over the next few months you will see a lot of failed rallies.  You want to buy only when it sells off aggressively.


Price:
$48.600
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2015-08-31 COMMENT Must be logged in to use chart IBB-Q iShares Nasdaq BioTech ETF

Momentum plays.  The volatility is three times that of a company like IBM.  They need to consolidate.  Look to the lows recently for where support might be.  The trend of falling highs is the resistance.


Price:
$341.990
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2015-08-31 DON'T BUY Must be logged in to use chart IBM-N IBM

They are having difficulty executing on some of their strategies.  Sectors they chose to invest heavily in have had a lot of margin compression.  He likes the valuation here, but he feels all rallies will be to a lower high for some time.


Price:
$147.890
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2015-08-31 BUY on WEAKNESS Must be logged in to use chart LNR-T Linamar Corp

Car sales have done really well, but recently we have seen a lot of stocks like this roll over.  Interest rates should stay low and auto sales should be okay.  If you like these long term, then you want to buy them when they are cheap.  It is not deviating significantly from its long term trend.


Price:
$69.110
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2015-08-31 COMMENT Must be logged in to use chart VLO-N Valero Energy Corp

Crack spread is the spread between the crude and the underlying refined product price.  VLO-N is an example of a pure refiner.  A few weeks ago crack spreads reduced and the price went right down.  Warren Buffet bought a refiner today, relatively close to the top.


Price:
$59.340
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2015-08-24 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. A couple of weeks ago, he had said there were notable signs of decay. Markets had the narrowest trading range in 90 years. It broke late last week giving you a more dramatic move. He was looking for the S&P 500 to come off somewhere between 10%-15%. Once we broke 10% this morning and got towards 15%, the extremes of the market, it was down more than 15%, but the buyers stepped in. Had been positive on gold in buying the dips, but sold it all out on Friday. It was an anaemic bounce on gold considering the rout on global equities. If gold can get a flight to quality trade, inflation is not coming back anytime soon, so he is out of gold. REITs are a place in the Canadian markets where you get great yields. When you look at how far they have come off the top, it is a very good correction for the yield seekers out there. He would look for a bounce of 4%-5%, which could take weeks, followed by another move down of 15%, maybe 20%. Doesn’t think we are going into a major global bear market.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
OPTIMISTIC
Owned:
_N/A
2015-08-24 COMMENT Must be logged in to use chart BP-N BP PLC

(Bought when Cdn$ was at par. Sell and convert back to Cdn$?) You probably made 30% on the currency, but you lost 30% on the stock. Sector is cheap now, so wouldn’t recommend selling, but would recommend buying. He would look to sell some of those and lock in the FX gain, but roll that exposure into a Canadian ETF like an XEG-T so that when oil recovers, you don’t have the currency risk.


Price:
$31.190
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
OPTIMISTIC
Owned:
Unknown
2015-08-24 COMMENT Must be logged in to use chart BRK.B-N Berkshire Hathaway Inc. (B)

Chart shows support in the 2013-2014 area. He is expecting a small bounce up followed by another leg down, probably at $110-$111. He would look to buy at around $120.


Price:
$129.570
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
OPTIMISTIC
Owned:
Unknown
2015-08-24 COMMENT Must be logged in to use chart CBO-T iShares 1-5 yr Ladder Corp Bond ETF

Relatively good and safe investment? For conservative investors right now, short-term corporate bonds are the way to play the fixed income market.


Price:
$19.430
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
OPTIMISTIC
Owned:
Unknown
2015-08-24 COMMENT Must be logged in to use chart CPG-T Crescent Point Energy Corp

This is in panic mode. Maybe it gets cheaper still. People are liquidating wholesale, and that is always when you want to be buying.


Price:
$12.650
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
OPTIMISTIC
Owned:
Yes
2015-08-24 COMMENT Must be logged in to use chart RDS.A-N Royal Dutch Shell PLC (A)

(Bought when Cdn$ was at par. Sell and convert back to Cdn$?) You probably made 30% on the currency, but you lost 30% on the stock. Sector is cheap now, so wouldn’t recommend selling, but would recommend buying. He would look to sell some of those and lock in the FX gain, but roll that exposure into a Canadian ETF like an XEG-T so that when oil recovers, you don’t have the currency risk.


Price:
$49.730
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
OPTIMISTIC
Owned:
Unknown
2015-08-24 COMMENT Must be logged in to use chart ZBK-T BMO Equal Weight US Banks ETF

This is the equal way to play the banks and it is unhedged. If you like US$’s and exposure, which he doesn’t, this gives you the same holdings as the equal weight bank index (ZUB-T). Right now the Cdn$ might get a couple of cents weaker, but if looking for an investment for the next 5 years, and you like the US banks, the Cdn$ is almost certainly going to recover when oil recovers, you want to hedge the currency, and ZUB would be the way to do that.


Price:
$18.000
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
OPTIMISTIC
Owned:
Unknown
Showing 1 to 15 of 1,622 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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