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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
2014-09-30 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  The strong US dollar is an indicator of a stronger US economy.  It has recently widened the gap between it and world economies.  The US dollar is telling us that interest rates are going to rise.  For multinationals it is a headwind in terms of repatriating profits.  We have to look at balance sheets closely in terms of leverage and debt servicing.  There are some negatives of a higher US dollar, but it means a better US economy.  It gives companies pricing power.  You can’t look at any one indicator in isolation.  Most people think rising rates are negative for companies, but it also means that the economy is good and in that case small negatives are overwhelmed by positive economic growth. 


Price:
$0.020
Subject:
US EQUITIES
Bias:
BULLISH on US ECONOMY
Owned:
_N/A
2014-09-30 BUY Must be logged in to use chart AAPL-Q Apple

A very good hold.  Don’t sell it to buy something else.  It continues to be very attractive.  They have overcome some of their issues like innovation.  They are convincing the street there is innovation in their future.  The watch will get some traction as a category in sensory items.  The bill payment system will be a very big area of Apple’s future.  The phone is a refresh item, but a big source of cash flow with sales of a 100 million units.  A very bright future.  The other side is their capital allocation policy.  It is going to share buy backs.  He, however, likes it.


Price:
$100.750
Subject:
US EQUITIES
Bias:
BULLISH on US ECONOMY
Owned:
Unknown
2014-09-30 PAST TOP PICK Must be logged in to use chart AIG-N American International Group

(Top Pick Oct 4/13, Up 11.05%) They went back to their roots after 2008.  CEO is retiring.  Trading at 75% of book value.  11 times earnings and good cash flow.  A good solid core position.


Price:
$54.020
Subject:
US EQUITIES
Bias:
BULLISH on US ECONOMY
Owned:
Yes
2014-09-30 PAST TOP PICK Must be logged in to use chart AXE-N Anixter International

(Top Pick Oct 4/13, Up 2.40%) It is core industrial America.  Just made an acquisition that will be accretive right off the bat.


Price:
$84.840
Subject:
US EQUITIES
Bias:
BULLISH on US ECONOMY
Owned:
Yes
2014-09-30 WAIT Must be logged in to use chart BAC-N Bank of America

Thinks we are closer to the fed getting back into a rising rate environment and this will be very constructive for the banks.  This is an indicator that the economy is strong and so loan growth should improve at some point and banks will get out of the penalty box with the government.  He has not made a move yet, but has talked about it for while. 


Price:
$17.050
Subject:
US EQUITIES
Bias:
BULLISH on US ECONOMY
Owned:
No
2014-09-30 WAIT Must be logged in to use chart C-N CitiGroup

Timing is always an issue.  His choice has been to keep his powder dry in general for now.  He would not argue with buying this one and there will soon be a time for these banks over the next three years.


Price:
$51.820
Subject:
US EQUITIES
Bias:
BULLISH on US ECONOMY
Owned:
Unknown
2014-09-30 WEAK BUY Must be logged in to use chart COST-Q Costco Wholesale

Whenever we have an experience with something we tend to use that to judge the future.  You may not want to pay double what you paid for Costco last time, but if their earnings have doubled then it may be warranted.  Costco will respond well to earnings.  It is selling to $90k income customers average and their memberships are a recurring revenue.  It is trading at about 180% of the S&P multiple so if things go bad, high multiple stocks have a lot of air under them.


Price:
$125.320
Subject:
US EQUITIES
Bias:
BULLISH on US ECONOMY
Owned:
Unknown
2014-09-30 DON'T BUY Must be logged in to use chart CSCO-Q Cisco

It is old technology.  They did most of their business in routers and switches.  They now compete against entrenched companies, rather than start ups.  They have lower growth metrics and so he would pass on it.


Price:
$25.170
Subject:
US EQUITIES
Bias:
BULLISH on US ECONOMY
Owned:
Unknown
2014-09-30 TOP PICK Must be logged in to use chart CYH-N Community Health Systems

Owned for a long time.  But there is no beginning and end.  You buy things when they are good value and sell when things change.


Price:
$54.790
Subject:
US EQUITIES
Bias:
BULLISH on US ECONOMY
Owned:
Yes
2014-09-30 HOLD Must be logged in to use chart ESV-N Ensco PLC

Collect your dividend and they will come back.


Price:
$41.310
Subject:
US EQUITIES
Bias:
BULLISH on US ECONOMY
Owned:
Unknown
2014-09-30 SELL Must be logged in to use chart FCX-N Freeport McMoran Copper & Gold

Looked at it fairly closely and the one worry was their debt.  They would be sensitive to interest rate raises as well as any drop in the commodity prices.  Prefers Rio Tinto.  It could be a good switch.


Price:
$32.650
Subject:
US EQUITIES
Bias:
BULLISH on US ECONOMY
Owned:
No
2014-09-30 HOLD Must be logged in to use chart GE-N General Electric

He has been disappointed that it has not gained more traction, but he feels they will with their restructuring.  They are going back to their industrial roots.  He would be patient here.


Price:
$25.620
Subject:
US EQUITIES
Bias:
BULLISH on US ECONOMY
Owned:
Yes
2014-09-30 DON'T BUY Must be logged in to use chart GILD-Q Gilead Sciences Inc.

He is not unhappy not having benefited from the gain.  It would have been in a tremendous amount of risk.  This stock is growing on one specific drug and that is a risk.  Two other competitors are about to introduce the drugs at a much lower price.


Price:
$106.450
Subject:
US EQUITIES
Bias:
BULLISH on US ECONOMY
Owned:
No
2014-09-30 TOP PICK Must be logged in to use chart GOOGL-Q Google

They split into two classes and these are the voting shares and he would buy them.  Mobility is a key aspect of this company.  People were hung up on the cost per click for advertising, but mobility upped their clicks so revenue growth is very robust.  Their multiple is falling because earnings are growing faster.  Things are setting up for a long term ownership position.


Price:
$588.410
Subject:
US EQUITIES
Bias:
BULLISH on US ECONOMY
Owned:
Yes
2014-09-30 TOP PICK Must be logged in to use chart GS-N Goldman Sachs

A company that has been hurt like others in the banking space by low rates and bond prices. But there has been much more volatility in the last few months and that benefits them.  They are an investment banker and confidence will lead to deals and they are the preeminent deal maker in investment banking. 


Price:
$183.570
Subject:
US EQUITIES
Bias:
BULLISH on US ECONOMY
Owned:
Yes
Showing 1 to 15 of 1,370 entries
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