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Compiling comments that experts make about stocks while on public TV.

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Gordon Reid , President and CEO

GoodReid Investment Counsel

Address
47 Colborne Street
Suite 400
Toronto, ON
M5E 1P8

Contact Info
Telephone: 416.364.0890
Toll Free: 1.888.466.3734
Fax: 416.364.1788
Email:


Date Signal Chart Symbol Company Opinion Price
2014-06-26 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  We have already had some credit inflation a number of years ago and now credit markets are entering the fray.  We are seeing some signs of price inflation.  Core inflation is inching up, but you always exclude fuel from that.  We are seeing some wage inflation pressures.  Minimum wage discussions are taking place in the US as well as discussions about the working poor.  It asks if economies are in sync.  Margins vs. real wage growth shows major divergence.  We may get some more wage and price inflation.  Small caps do well in this environment because they can changes their cost structure quickly.  He has had an exposure to commodities, but he does not make major bets.  He owns component of Materials and Energy on the Canadian side.  Sometimes you know too much and it creates Angst.  Past GDP growth slowing was shown to be weather related.  The economy rebounded after the winter.


Price:
$0.020
Subject:
US EQUITIES
Bias:
CAUTIOUS
Owned:
_N/A
2014-06-26 DON'T BUY Must be logged in to use chart AA-N Alcoa

He has not favoured it.  They only control the cost side of the process.  In the last 7 years they closed down 30% of their production capacity. Chinese production is the wild card.  They can’t control it.  So he does not support the company or the stock.  He is nervous despite what the stock price has done.


Price:
$14.940
Subject:
US EQUITIES
Bias:
CAUTIOUS
Owned:
No
2014-06-26 DON'T BUY Must be logged in to use chart BAC-N Bank of America

It is still early.  There is not a lot of catalyst at this point to banks growing.  Margins are anemic because interest rate curves are flat.  Capital markets are starting to do well.  You have to look at credibility of management.  A black eye resulted when an error on their tier one capital was found.  He would pass on this for these reasons, but also on most of the US banking industry.


Price:
$15.410
Subject:
US EQUITIES
Bias:
CAUTIOUS
Owned:
No
2014-06-26 DON'T BUY Must be logged in to use chart CLF-N Cliffs Natural Resources

There is a reason for things being cheap.  It’s been a tough space.  You have to look for relative value not just that things go down.


Price:
$15.020
Subject:
US EQUITIES
Bias:
CAUTIOUS
Owned:
Unknown
2014-06-26 TOP PICK Must be logged in to use chart DD-N DuPont

They have really transitioned from being pure chemical.  Sold coating business last year.  The titanium dioxide business is going to be spun out.  They are becoming a different kind of company that is growing earnings quite well.  A good solid hold.  An activist activity has helped them, too.


Price:
$67.700
Subject:
US EQUITIES
Bias:
CAUTIOUS
Owned:
Yes
2014-06-26 DON'T BUY Must be logged in to use chart FDX-N FedEx

He has no direct exposure to US transportation.  Prefers CSX-N which he is researching.


Price:
$151.500
Subject:
US EQUITIES
Bias:
CAUTIOUS
Owned:
No
2014-06-26 BUY Must be logged in to use chart GE-N General Electric

They made a large acquisition that was probably not the perfect scenario.  It is a direction that he applauds because it takes them back to their industrial roots.  2016-7-8 will give them a pretty good future as they spin out a portion of GE capital.  He likes them.


Price:
$26.290
Subject:
US EQUITIES
Bias:
CAUTIOUS
Owned:
Unknown
2014-06-26 WEAK BUY Must be logged in to use chart GILD-Q Gilead Sciences Inc.

They are looking for a doubling or more over a short period of time. He owns United Therapeutics (UTHR)


Price:
$82.180
Subject:
US EQUITIES
Bias:
CAUTIOUS
Owned:
No
2014-06-26 DON'T BUY Must be logged in to use chart GLW-N Corning Inc

Did a deal last November and bought out the partnership with Samsung and got more flexibility.  The difficulty is that they continually come back to a commoditized product.  They are a better story than a year ago, however.


Price:
$21.750
Subject:
US EQUITIES
Bias:
CAUTIOUS
Owned:
Unknown
2014-06-26 PAST TOP PICK Must be logged in to use chart GS-N Goldman Sachs

(Top Pick Jun 19/13, Up 5.30%) M&A is the premise here.  They lost their proprietary trading operations for the most part.  They are struggling with trading issues.  He is looking for them to build their ROEs back into the high teens.


Price:
$168.010
Subject:
US EQUITIES
Bias:
CAUTIOUS
Owned:
Yes
2014-06-26 TOP PICK Must be logged in to use chart HAL-N Halliburton Co

Outlook is better than expected.  International business has done extremely well for them.  Mexico offers a very big opportunity in the next 12 months.  Domestically drilling in shale formations suggests a big upside for them.


Price:
$69.550
Subject:
US EQUITIES
Bias:
CAUTIOUS
Owned:
Yes
2014-06-26 TOP PICK Must be logged in to use chart HELE-Q Helen of Troy Ltd.

They have two parts. Distribution of hair care items and a professional salon business.  Also, do some home products.  It is in his US small cap portfolio.


Price:
$60.680
Subject:
US EQUITIES
Bias:
CAUTIOUS
Owned:
Yes
2014-06-26 SELL Must be logged in to use chart IBM-N IBM

At some point you can only ring out so many costs and at some point everything becomes mature.  At this point he would not be in it and thinks growth will decelerate.  They will have a tough time improving their margins.


Price:
$180.370
Subject:
US EQUITIES
Bias:
CAUTIOUS
Owned:
No
2014-06-26 WATCH Must be logged in to use chart INTC-Q Intel

They have resources.  They used to be the leader in the PC market.  They have a $12 billion capital expenditure budget. It is one to keep an eye on.


Price:
$30.780
Subject:
US EQUITIES
Bias:
CAUTIOUS
Owned:
Unknown
2014-06-26 SELL Must be logged in to use chart MA-N Mastercard Inc.

He owns Visa.  MA-N does not have as big a debit card business as V-N.  Visa has a greater growth prospect because of their exposure to debit cards.  He would switch out of MA-N.


Price:
$72.770
Subject:
US EQUITIES
Bias:
CAUTIOUS
Owned:
No
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