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

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Darren Sissons , Managing Director

Portfolio Management Corp


Date Signal Chart Symbol Company Opinion Price
2014-12-22 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Oil. This is clearly the down catalyst for this year. Thinks at some point the Saudis are going to stop over-production. Longer-term it is going to hurt every economy as well. From a value point of view, this tells you where to put some capital and he would like to see some stability in the oil market. At this point he would favour some of the larger cap names, where he thinks there is some opportunity. There are also some opportunities in some of the markets where they are oil heavy or have benefited from lower input costs.


Price:
$0.020
Subject:
GLOBAL LARGE
Bias:
UNKNOWN
Owned:
_N/A
2014-12-22 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. He is not a believer that the US is going to continue uninterrupted to new high levels. Corporate growth has not proven to be anything significant, and the US is going to eke out about 1.5% next year. That is a good place to be, as valuations are quite stretched if you consider their kind of continuation of growth. Asia looks kind of interesting. Europe is a little expensive given that we could effectively go back into recession, so there might be some opportunities there. Latin America is something he is starting to think about for next year. It has been in a hole for a long period of time and is not just an energy story, but is also agriculture and mining.


Price:
$0.020
Subject:
GLOBAL LARGE
Bias:
UNKNOWN
Owned:
_N/A
2014-12-22 COMMENT Must be logged in to use chart AAPL-Q Apple

Sell McDonalds (MCD-N) to buy Apple (AAPL-Q)? Apple is a product story, and as with all product stories, if you miss a product cycle it can lead to big problems. Expectations around this company are such that you really don’t know if this is going to go much higher. Not sure how much more penetration they can get outside of developed economies, on a subsidized basis. Great company, but don’t confuse a great investment with a great product.


Price:
$112.940
Subject:
GLOBAL LARGE
Bias:
UNKNOWN
Owned:
Unknown
2014-12-22 PAST TOP PICK Must be logged in to use chart APD-N Air Products & Chemicals Inc.

(A Top Pick Dec 5/13. Up 41.5%.) Continues to increase its dividend year after year. It has had 4 consecutive quarters of no dividend increases, so probably in the next quarter it increases. Some of the gain since 2012 was a catch-up because they had a fouled-up acquisition with (?). Likes this longer-term. Dividend yield of 2%.


Price:
$147.830
Subject:
GLOBAL LARGE
Bias:
UNKNOWN
Owned:
Yes
2014-12-22 TOP PICK Must be logged in to use chart ARX-T Arc Resources Ltd

Regarded as one of the premier oil names. Oil is cheap and you can buy quality oil names and eventually you will do well. This one is a little more gassy. He likes the location, the market it is exposed to, the management team and the balance sheet. At some point, maybe we’ll get the pipeline to the east. Dividend yield of 4.62%.


Price:
$25.800
Subject:
GLOBAL LARGE
Bias:
UNKNOWN
Owned:
Yes
2014-12-22 BUY Must be logged in to use chart BCE-T BCE Inc.

Sell Bell (BCE-T) to buy Vodafone (VOD-Q)? From a practical point of view, this is just a call on GDP growth. If GDP increases by 2%, telcos seem to find a way to get 1.8% out of your wallet. If you believe in the continued growth of the economy, this is one that you can buy. There will be some issues when they raise interest rates, but longer-term this is a growth story. 4.6% dividend yield. Thinks a lot of the income names are expensive, but if you have a longer-term view, the dividend is sustainable.


Price:
$53.350
Subject:
GLOBAL LARGE
Bias:
UNKNOWN
Owned:
Yes
2014-12-22 TOP PICK Must be logged in to use chart BHP-N BHP Billiton Ltd.

The whole mining sector has rolled over, and as a value investor, he likes to buy commodities when they are cheap. They could get a little cheaper, but there are some structural stories here. One is that some non-core assets are being spun out. Its balance sheet will enable it to take advantage of some of the weaker players, particularly in the iron ore/copper plays. Also, have some energy exposure. Likes the rising dividend yield. Dividend yield of 5.23%.


Price:
$47.420
Subject:
GLOBAL LARGE
Bias:
UNKNOWN
Owned:
Yes
2014-12-22 PAST TOP PICK Must be logged in to use chart BP-N BP PLC

(A Top Pick Dec 5/13. Down 11.96%.) Feels the majors generally are on sale. They have performed better, relative to the smaller/mid-cap stories. It gives you a relatively defensible dividend and you will get some upside. Up 13.5% from its 52 week low.


Price:
$39.100
Subject:
GLOBAL LARGE
Bias:
UNKNOWN
Owned:
Yes
2014-12-22 DON'T BUY Must be logged in to use chart DB-N Deutsche Bank AG

He would think of European banking exposure in 2 ways. The 1st would be the interest rate increases, but the recovery you are going to get will not be immediate It may be a 2017 story. At the same time you are also seeing the stress test that is starting to occur when a company’s assets added some equity raise to some of these banks. You are still seeing a very weak economy. He doesn’t see any upside in the next year or 2.


Price:
$30.820
Subject:
GLOBAL LARGE
Bias:
UNKNOWN
Owned:
Unknown
2014-12-22 PAST TOP PICK Must be logged in to use chart ELY-N Callaway Golf

(A Top Pick Dec 5/13. Down 7.33%.) Basically a story on the recovery of the middle class. US is starting to get its mojo back. When that starts to occur, you start to see more spending occurring. Consumers are still looking for something to be on sale. What is plaguing the business at the moment is that they are trying to do a lot of business in Japan, but the currency trade has caused a lot of issues. Likes the story longer-term. 0.5% dividend yield.


Price:
$7.250
Subject:
GLOBAL LARGE
Bias:
UNKNOWN
Owned:
Yes
2014-12-22 COMMENT Must be logged in to use chart FM-T First Quantum Minerals

Commodities have rolled over fairly significantly. He would draw a big analogy to what is happening in the oil markets and what is happening in the commodity (iron ore and copper) markets generally. What we are seeing is that the Saudis are effectively trying to dry up market share by driving out the lowest cost producers. The challenge with that is that the turn-on/turn off costs is not necessarily large. In the mining space, the big companies are doing exactly the same thing by trying to drive marginal share producers out of the market. That will mean miners get turned off. When mines get turned off, it could be a $300-$400 million capX start-up program and you will likely see a supply/contraction longer term. We are a little early, but he would favour the big caps. This one is an interesting one and the balance sheet seems reasonable, but is a little more risky because its balance sheet is not as strong. (See Top Picks)


Price:
$15.480
Subject:
GLOBAL LARGE
Bias:
UNKNOWN
Owned:
Unknown
2014-12-22 COMMENT Must be logged in to use chart JPM-N JP Morgan Chase & Co

Wells Fargo (WFC-N) or J.P. Morgan (JPM-N)? A lot of the small mid-cap oil companies have heavy exposure, from a banking point of view, along refined (?) equity issues. Not sure of the concentration for the oil exposure, but given the run-up we have had globally, he would think that everything from the A&P companies to the pipelines, etc. will have impacts. Historically Wells Fargo has been considered to have the best risk management culture. This showed up during the banking blow-up, as they didn’t have to take the money. This bank was considered to be #2. Both are quite good. Wells Fargo is more of a consumer driven story where this one is a banking driven story. He would rather chase the regional trade, because there is still a lot of regulatory glare been exposed to the money centred banks. Of the 2, he would favour Wells Fargo.


Price:
$61.940
Subject:
GLOBAL LARGE
Bias:
UNKNOWN
Owned:
Unknown
2014-12-22 BUY Must be logged in to use chart KRFT-Q Kraft Foods Group

Kraft (KRFT-Q) or Mondelez (MDLZ-Q) for the next 12-18 months? He likes both. One pays a big dividend while the other has higher growth. They are both growth stories and both can be held for a long period of time. 3.4% dividend yield.


Price:
$64.310
Subject:
GLOBAL LARGE
Bias:
UNKNOWN
Owned:
Unknown
2014-12-22 HOLD Must be logged in to use chart LYG-N Lloyds TSB Group PLC

This is a good story. If you look at the global interest rate story, he thinks it will be US 1st and the UK will probably be 2nd in terms of raising rates. There was an 18 month time lag from when the US went into the hole and when the UK went into the hole. Continental Europe went in even further. With that time frame, interest rate increases are going to be very good for the banking sector. The US is probably going to see this first. This bank hasn’t introduced a dividend as far as he knows, and the government is selling down its stake from when it bailed the bank out. If this bank were to introduce a dividend, post the governments sell down, he thinks this bank would run. This could be a 2016 story. When it runs, it is going to be huge.


Price:
$4.750
Subject:
GLOBAL LARGE
Bias:
UNKNOWN
Owned:
Unknown
2014-12-22 HOLD Must be logged in to use chart MCD-N McDonalds

Sell McDonalds (MCD-N) to buy Apple (AAPL-Q)? McDonald’s is treated almost like a staple-like company, fairly solid and predictable growth. The only issue is from a growth point of view. It is a good franchise. If you hold it, it will continue to move forward quite nicely.


Price:
$93.890
Subject:
GLOBAL LARGE
Bias:
UNKNOWN
Owned:
Unknown
Showing 1 to 15 of 547 entries
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