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

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John Hood , President & Portfolio Manager

J. C Hood Investment.


Date Signal Chart Symbol Company Opinion Price
2015-08-07 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  He generally doesn’t like it when the Bank of Canada lowers rates to get the manufacturing sector going; because you get beaten up in a lot of other areas if you are consumer. There was a huge rise in exports the other day ending a 5-month malaise, but he doesn’t know if that is going to be sustainable. Still not thrilled with the low dollar policy that we have. Let’s wait and see what happens. As we move sideways, he simply sells options on either the index or buys BMO Covered Call Cdn Banks ETF (ZWB-T). This is a strategy that he always likes. The covered call strategy is a way of boosting very minimal meagre returns on fixed income. You can get 5%-6% out of some of the covered calls. He is about 30%-35% US now.


Price:
$0.020
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
BEARISH on CANADIAN MARKET
Owned:
_N/A
2015-08-07 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Bonds? He always has bonds in his portfolios. However, you have to remember a few things. If you expect interest rates to rise, you want your bond portfolio to be shorter term, 2-3 years at most. Also, whatever current yield you see, never believe it because current yield can be very misleading. Go into a bond ETF and look at what the yield is to maturity and what is the trailing yield. You will be somewhere in between. He likes iShares DEX Short-Term Bond (XSB-T).


Price:
$0.020
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
BEARISH on CANADIAN MARKET
Owned:
Unknown
2015-08-07 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Hedging with an ETF to cover a drop in the Cdn$? The problem is that there isn’t really a currency ETF, and they are not liquid even if you could find them. Your best way to hedge, if you feel that is the direction it is going, is to move some your money into US$’s.


Price:
$0.020
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
BEARISH on CANADIAN MARKET
Owned:
_N/A
2015-08-07 DON'T BUY Must be logged in to use chart EPP-N iShares MSCI Pacific ExJapan

Wonders why you would want to be Ex-Japan. Believes this one is about 50%-60% Australia, which is resource-based. He would rather be in one that is less resource dependent.


Price:
$41.870
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
BEARISH on CANADIAN MARKET
Owned:
Unknown
2015-08-07 COMMENT Must be logged in to use chart HAZ-T Horizons Global Dividend ETF

One issue he has with any sort of global dividend ETF is that from a tax point of view it is treated as income. Geographic distribution is 70% US, 10% UK and 3.5% Canada. This is not a bad one and he doesn’t have a problem with it.


Price:
$18.810
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
BEARISH on CANADIAN MARKET
Owned:
Unknown
2015-08-07 BUY Must be logged in to use chart HEX-T HAP Enhanced Income Equity ETF

This is a covered call strategy. He likes covered calls and has no problem in dealing with this one. Thinks it has a lot of bank stocks which he likes.


Price:
$6.530
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
BEARISH on CANADIAN MARKET
Owned:
Unknown
2015-08-07 TOP PICK Must be logged in to use chart HFR-T HAP Floating Rate Bond ETF

The play here is very simple, Park the Money. This is swap based, but it is about a 6 month duration and the price stays pretty good. You are not going to make any money, but you are not going to lose any money.


Price:
$10.060
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
BEARISH on CANADIAN MARKET
Owned:
Yes
2015-08-07 DON'T BUY Must be logged in to use chart HPR-T Horizons Preferred Share ETF

Doesn’t like preferreds. You are getting bond yields for stock risks, which doesn’t make sense. On this one you had negative resets when the rates went down, so they got clobbered. Yields are pretty good, but he is not a big fan of that asset class.


Price:
$8.710
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
BEARISH on CANADIAN MARKET
Owned:
No
2015-08-07 COMMENT Must be logged in to use chart HXS-T Horizons S&P 500

Normally his clients tend to want dividends, but there are a lot of people who don’t because of tax reasons. They don’t need the income and they don’t want the investment income and would much rather have a total return concept like this. For individual investors he thinks this is a very good product. (See Top Picks.)


Price:
$48.960
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
BEARISH on CANADIAN MARKET
Owned:
Unknown
2015-08-07 TOP PICK Must be logged in to use chart HXS-T Horizons S&P 500

He is quite comfortable with this. Their counterparty on this is National Bank (NA-T). This is a total return which means that all the distributions, especially in a non-registered account, are going back into the ETF adjusting and increasing the NAV which reduces its taxable position. There is no tax aspect to the US, and you are not paying any dividend tax.


Price:
$48.960
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
BEARISH on CANADIAN MARKET
Owned:
Yes
2015-08-07 COMMENT Must be logged in to use chart IAT-N iShares Dow Jones Regional Bank E.T.F.

US Bank ETF or would an individual bank be better? You are better off to buy a diversified portfolio through an ETF. It gets rid of the risk of a single stock blowing up on you. He would suggest iShares US Financials (IYF-N) which are financials, not just banks. Another is iShares Dow Jones Regional Bank ETF (IAT-N). Or you could look at BMO Equal Weight US Banks Hedged to Cad (ZUB-T). He likes ZUB-T and is the way he would play this.


Price:
$36.910
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
BEARISH on CANADIAN MARKET
Owned:
Unknown
2015-08-07 COMMENT Must be logged in to use chart IYF-N iShares D J Financial Sector E.T.F.

US Bank ETF or would an individual bank be better? You are better off to buy a diversified portfolio through an ETF. It gets rid of the risk of a single stock blowing up on you. He would suggest iShares US Financials (IYF-N) which are financials, not just banks. Another is iShares Dow Jones Regional Bank ETF (IAT-N). Or you could look at BMO Equal Weight US Banks Hedged to Cad (ZUB-T). He likes ZUB-T and is the way he would play this.


Price:
$92.650
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
BEARISH on CANADIAN MARKET
Owned:
Unknown
2015-08-07 BUY Must be logged in to use chart RHP-T RBC Quant European Dividend Leaders ETF

Likes this product. There are 2 or 3 variants of this. The thing with this is that it is not bad in terms of fees. It is around 50 basis points. Also, if he is going to be playing in Europe, along with the various risks there, he likes the dividend bias.


Price:
$22.750
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
BEARISH on CANADIAN MARKET
Owned:
Unknown
2015-08-07 BUY Must be logged in to use chart VDY-T Vanguard FTSE Cdn High Div Yd.

Sees no problem with this. It’s about 50% Canadian banks, which he likes. Has a dividend play he likes. Thinks your downside is limited.


Price:
$29.020
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
BEARISH on CANADIAN MARKET
Owned:
Unknown
2015-08-07 PAST TOP PICK Must be logged in to use chart VGK-N Vangrd European E.T.F.

(A Top Pick July 18/14. Down 2.81%.) Sold this last November, because it is not hedged. A really good ETF, well diversified, low cost and it paid a really good dividend of about 4%. His concern was the euro, so he got out. Also, the performance was a little bit lacklustre.


Price:
$55.400
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
BEARISH on CANADIAN MARKET
Owned:
No
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