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
2017-10-04 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market.Stocks keep grinding higher day by day, reaching new highs. A couple of things are causing this. We’ve had ultra low interest rates for so long, so the only place to go was the equity market. At the same time, we are getting small-cap stocks starting to move because of a hint of tax cuts in the US. Back in 2009, you could buy $1 of earnings for $6-$10, and now it is 15 to 50 times depending on the size of companies. With the market trading at about 23X earnings, that usually signals a peak. But with momentum investing, this could go on for 2 or 3 years. Investors need to be cautious. With their average purchases of $10,000 for stock, maybe they just want to do $5,000-$6,000, sit on the cash and see what happens next. It is very important for investors to understand what interest rate sensitivity does. When you look at the telecoms, utilities or even the REITs, you are starting to see their bonds equal the yields to what the stocks are right now. By buying the common equity, investors are getting bond returns with equity-like risks, which is the exact opposite of what you want to be when thinking about risk/reward. Also, investors have to realize that it is not yield, it is growth in the dividend.


Price:
$0.020
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
_N/A
2017-10-04 PAST TOP PICK Must be logged in to use chart AOS-N A.O. Smith

(A Top Pick Dec 15/16. Up 26.22%.) Makes water heaters in Canada and the US as well as India and China. They’ve also been buying water purification and water softener companies, mostly for India and China. About to close in on $1 billion in sales in China, where the middle-class are buying their first water heater ever, and that is where the growth is coming from. In India, the government has added a GST to generate more revenue and get rid of the red tape, which should start to spur the middle-class for more spending power.


Price:
$60.860
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
Yes
2017-10-04 TOP PICK Must be logged in to use chart AOS-N A.O. Smith

This was bought on the idea of water efficiency moving forward, given global warning. Recommends half positions for the Top Picks, which is what he does for new clients. He likes the growth that is coming down the pipe for them. They have split their shares a couple of times since he has owned it. Dividend yield of 0.9%. (Analysts’ price target is $60.)


Price:
$60.860
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
Yes
2017-10-04 COMMENT Must be logged in to use chart AQN-T Algonquin Power & Utilities Corp

His problem with utilities is that they are not growing organically, but are making acquisitions for growth. As interest rates start to rise, that could cause big issues. Half their business is regulated, but half is not. On the regulated side, they have no choice but to have debt preferred and equity issues. On the nonregulated side, that is where they want to make the bulk of their money because if the renewable assets were to decline, it is going to affect their business. The good news on this is that the US acquisition is pretty much shifting from coal to gas, and they are starting to see better margins.


Price:
$13.360
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
Unknown
2017-10-04 COMMENT Must be logged in to use chart BABA-N Alibaba Group Holding

(Market Call Minute.) The Amazon (AMZN-Q) of China, but growing at a much faster rate with many more people than the US. The 2 things he doesn’t like is the price and that you don’t get to vote on the shares.


Price:
$178.710
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
Unknown
2017-10-04 COMMENT Must be logged in to use chart BBD.PR.B-T Bombardier Inc (Pref-B)

If you want to speculate, then go for the equity. If you want less speculation, then go for the bonds. Preferreds are kind of a quasi equity in between. If the company goes bankrupt, you might see a couple of shekels coming from the Bombardier press. Usually the bondholders get $.20 on the dollar. He doesn’t think the story is over yet. The preferred shares gives you a 6.25% coupon.


Price:
$10.240
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
Unknown
2017-10-04 COMMENT Must be logged in to use chart BMY-N Bristol Myers Squibb

(Market Call Minute.) This has a lung cancer drug that is starting to face competition. With this, you will have to be either patient or cautious.


Price:
$64.740
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
No
2017-10-04 COMMENT Must be logged in to use chart BNS-T Bank of Nova Scotia

(Market Call Minute.) Bank of Canada is raising rates. Margins are starting to increase. They’ll probably take a write down or hit with their Caribbean operations.


Price:
$80.700
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
Unknown
2017-10-04 PAST TOP PICK Must be logged in to use chart CB-N Chubb Limited

(A Top Pick Dec 15/16. Up 11.58%.) One of the better property/casualty insurers globally. Their combined ratio is at 80%, which is second to none. BV grows at 10% a year. They are about to take a $1.8 billion write down because of the hurricanes and earthquakes, but it is nothing to them.


Price:
$144.750
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
Yes
2017-10-04 COMMENT Must be logged in to use chart CSCO-Q Cisco

Trying to make the move from hardware to software. It has decent free cash flow, but is not growing fast enough, so would never make his list of “wanting to own”. They are going to struggle because there are bigger operators in that space. Instead of expecting huge growth and a huge multiple, his guess is that is it going to be more like a commoditized growth rate in the 5%-10% range, if that. If anybody overtakes them, they’re going to have to struggle to keep pace.


Price:
$33.440
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
Unknown
2017-10-04 COMMENT Must be logged in to use chart ECL-N Ecolab Inc.

(Market Call Minute.) This is doing okay. Prefers others.


Price:
$130.760
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
No
2017-10-04 PARTIAL BUY Must be logged in to use chart EWEM-N Guggenheim MSCI EM Mkts EQ Country

Has no problem with this ETF, but remember there are 2 things out there. #1. Emerging markets are much more volatile than the older markets. #2. The Fed is going to be unwinding their quantitative easing, which is probably going to raise the US$ and start hurting emerging markets again. Just buy half of what you would normally do.


Price:
$33.526
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
No
2017-10-04 COMMENT Must be logged in to use chart GE-N General Electric

Revenues in the last quarter were up 2%. Industrial profits grew by 4%. A better player in this game would be Siemens (SIEGY-OTC).


Price:
$24.480
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
Unknown
2017-10-04 PAST TOP PICK Must be logged in to use chart GTO-NV Gemalto

(A Top Pick Dec 15/16. Down 32.47%.) This is in cyber security. They do holograms for drivers’ licenses and passports. Their 2 biggest problems have been SIM cards where sales have dropped because everybody owns a smart phone now, and are not selling in the US on the chip technology on credit cards. There was a $400 million write down, the CEO left and the CFO recently left. There is still value in the company.


Price:
$0.000
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
Yes
2017-10-04 COMMENT Must be logged in to use chart HLMA-LN Halma plc

This is in the industrial/commercial sector. Grows about 10% a year. They make smoke alarms and smoke detectors, and on the medical side they do blood pressure equipment. A little British company that has been growing at about 10% a year, and the dividend has been growing in the 7%-10% range. They are running such a tight ship, that Operating Margins and the ROIC are much higher than the weighted average cost of capital.


Price:
$0.000
Subject:
GLOBAL
Bias:
CAUTIOUS
Owned:
Yes
Showing 1 to 15 of 1,831 entries
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