Viewing Expert David Driscoll | StockChase
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Compiling comments that experts make about stocks while on public TV.

Viewing Expert

David Driscoll , President & CEO

Liberty International Investment Management Inc


Date Signal Chart Symbol Company Opinion Price
2016-08-25 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. Believes interest rates have been at an ultra low rate for too long, and that the central banks globally have painted themselves into a corner. They would love to have interest rates at around 5% in order to have wiggle room to go either way. The latest craze is that all the Hedge funds want to Short the volatility and go Long the junk bonds. They are making 5%-6% yield on the “less than investment grade” bonds and trying to pick up points all the drop in volatility. We’ll probably see volatility start to rise in September. This has happened before with hedge funds. You can’t have non-volatility for an extended period of time without something happening. Investors should be making sure that they have a fully diversified portfolio and assets not correlated with each other. If 1 goes down, 2 in the same industry, the other is going down with it. The way you can offset your downside is to have non-correlation in the portfolio, make sure your percentage weightings are in line and diversified by industry, country and asset size.


Price:
$0.020
Subject:
GLOBAL
Bias:
BEARISH
Owned:
_N/A
2016-08-25 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Deflationary threats? Central bank policy is monetary policy where they really control the short end of the yield curve. The QE that the US brought into play, which everybody else decided to jump on board, is only part of the equation. The bigger issue is that the governments are not initiating fiscal policy with a “want to spend”. Central banks are using tools that are 20-30 years out of date. Without a monetary policy in place to get people working again and retirees looking for yield, we get negative interest rates. At some point, the string has to break.


Price:
$0.020
Subject:
GLOBAL
Bias:
BEARISH
Owned:
_N/A
2016-08-25 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Gold? This is going to be pretty much based on where interest rates are and where the US$ moves. He would prefer gold wafers as opposed to gold stocks. (See Top Picks.)


Price:
$0.020
Subject:
GLOBAL
Bias:
BEARISH
Owned:
Yes
2016-08-25 COMMENT Must be logged in to use chart ABX-T Barrick Gold

Hold or sell? It comes down to what you are trying to accomplish. Is this a trade or an investment? In the short term, they have been busily trying to get rid of assets, because they have a big debt overhang that has got their credit rating under review, and a negative BB. (See Top Picks.)


Price:
$23.650
Subject:
GLOBAL
Bias:
BEARISH
Owned:
Unknown
2016-08-25 TOP PICK Must be logged in to use chart FCFS-N First Cash Financial Services

These are pawnshops in Mexico and the US. They are more correlated to the price of gold then the GLD ETF has been. They just merged with Cash America and are expanding throughout Mexico, Latin and south America. A lot of upside in terms of geographic growth. Because of the free cash flow, they have been using a lot of their cash to build new stores. Have just introduced a dividend for the first time. Dividend yield of 0.97%.


Price:
$51.350
Subject:
GLOBAL
Bias:
BEARISH
Owned:
Yes
2016-08-25 DON'T BUY Must be logged in to use chart FCX-N Freeport McMoran Copper & Gold

This would only be for speculators. Copper prices have been falling because demand out of China isn’t as great as it was deemed to be 2 weeks ago. They are a single B credit, which has them in low junk status, because of their debt and low, if not negative, cash flows.


Price:
$11.090
Subject:
GLOBAL
Bias:
BEARISH
Owned:
Unknown
2016-08-25 PAST TOP PICK Must be logged in to use chart FMX-N Fomento Economico Mexican

(A Top Pick June 7/16. Up 0.45%.) Not just Coca-Cola. They have convenience stores under the Oxo brand, and have been buying pharmacies in both Mexico, Latin and Central America. Have also been buying gas stations.


Price:
$95.750
Subject:
GLOBAL
Bias:
BEARISH
Owned:
Yes
2016-08-25 PAST TOP PICK Must be logged in to use chart GTO-NV Gemalto

(A Top Pick June 7/16. Up 5.22%.) (Netherlands) Cyber Security. E-chip for Visa and MasterCard. Holograms for passports and drivers’ licenses. Recently did the wrist band chips for the Olympics. From the cyber Security standpoint, their biggest client is Amazon, working with them in the Cloud for subscription services. Trading at about half the market PEs right now.


Price:
$0.000
Subject:
GLOBAL
Bias:
BEARISH
Owned:
Yes
2016-08-25 DON'T BUY Must be logged in to use chart INTC-Q Intel

This has new chips coming out that should do fairly well. They relied too heavily on the PC business in the past, which caused them issues. It also caused their free cash flow to decline. He likes companies that have pricing power where they can raise prices. There are better places to allocate capital.


Price:
$35.090
Subject:
GLOBAL
Bias:
BEARISH
Owned:
No
2016-08-25 COMMENT Must be logged in to use chart ITW-N Illinois Tool Works

Take profits? Has had a nice run, simply because the auto sector has done well. There is nothing wrong with the company. The growth should continue to go, because they are still looking at getting organic revenue growth. This is a chance to do some rebalancing. If this is overweight in your portfolio, then sell some. Depending on your waiting, he would sell half and then let the rest run.


Price:
$119.400
Subject:
GLOBAL
Bias:
BEARISH
Owned:
Unknown
2016-08-25 COMMENT Must be logged in to use chart LB-T Laurentian Bank

(Market Call Minute.) He prefers something like Toronto Dominion (TD-T) that has more exposure to the US.


Price:
$48.760
Subject:
GLOBAL
Bias:
BEARISH
Owned:
Unknown
2016-08-25 COMMENT Must be logged in to use chart LUX-N Luxottica

He is positive on this name because of the moats, the amount of capital you would have to create, to take the company on. They’ve been hurt because they’ve had a big expansion on their PE multiple up to 30X, and has come back down again because it is not growing as fast as the analysts want them to. They have very little competition and they are in e-commerce.


Price:
$48.550
Subject:
GLOBAL
Bias:
BEARISH
Owned:
Yes
2016-08-25 COMMENT Must be logged in to use chart LYG-N Lloyds TSB Group PLC

(Market Call Minute.) This is probably one of the better European banks. He doesn’t own any European banks because of interest rates being where they are.


Price:
$3.120
Subject:
GLOBAL
Bias:
BEARISH
Owned:
No
2016-08-25 COMMENT Must be logged in to use chart MFC-T Manulife Financial

Doesn’t own this, except for some of their preferred shares. The dividend hasn’t been growing in a huge way, which is the same situation for many insurance companies because of the low interest rates. He is not a big fan of the insurance companies in general.


Price:
$17.660
Subject:
GLOBAL
Bias:
BEARISH
Owned:
Yes
2016-08-25 COMMENT Must be logged in to use chart MMM-N 3M Co.

(Market Call Minute.) A decent holding for a long-term portfolio. They have just been under a lot of price competition and margins have saturated a little bit, because of a lot of FX exposure.


Price:
$179.580
Subject:
GLOBAL
Bias:
BEARISH
Owned:
Unknown
Showing 1 to 15 of 1,656 entries
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