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

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John Zechner , Chairman

J. Zechner & Assoc


Date Signal Chart Symbol Company Opinion Price
2015-02-02 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  He remains very cautious.  The US economy is doing well, but investors don’t really understand what the central banks around the world are doing by creating all the liquidity to get growth going.  It only gets to the banks, who invest it in more risk assets.  It does not turn into growth.  The global economy is a mess.  We will continue to see volatility and little rallies.  Money has gravitated to consumer staples and valuations in that sector are at all time highs.  He is at 30-70% equities in his funds.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
_N/A
2015-02-02 DON'T BUY Must be logged in to use chart ABX-T Barrick Gold

Caller is a big short seller.  ABX-T have not done well.  If he was going to be short on this one he would offset it with DGC-T or G-T.


Price:
$16.210
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2015-02-02 TOP PICK Must be logged in to use chart AC-T Air Canada (B)

It is the lower oil that sticks out.  The impact of the lower oil prices as their hedges run out is significant.  It is volatile but there is upside here.


Price:
$11.960
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-02-02 SELL Must be logged in to use chart AGU-T Agrium

The move was based on the increase in dividend.  There was a little bit of firming of prices in nitrogen.  They are integrated downstream more than others.  He sold recently because it had a nice move and earnings will be down this year.  He trades it a lot.


Price:
$135.860
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
No
2015-02-02 DON'T BUY Must be logged in to use chart ARE-T Aecon Group Inc

The problem is that the acquisition of 2 or 3 years ago added dramatically to the energy exposure.  If you start to get any contract cancellations this will hurt them.  This fear is pushing the stock down.


Price:
$10.170
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2015-02-02 BUY Must be logged in to use chart BAC-N Bank of America

The US is better than Japan, Russia, despite their huge debt and all the money they are printing.  The financials are turning the corner.  The acquisitions at the bottom of the market will eventually be accretive.  They will start to generate earnings growth.  Prefers this over C-N and JPM-N.


Price:
$15.460
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
No
2015-02-02 HOLD Must be logged in to use chart CPG-T Crescent Point Energy Corp

He is not buying it here.  It is not trading at enough of a discount here.  The balance sheet is not in bad shape and they can grow their dividend in the next couple of years.  They hedged a lot of their production for a year or so.  They will be fine because of their hedging.


Price:
$30.770
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
No
2015-02-02 BUY Must be logged in to use chart CTC.A-T Canadian Tire Corporation Ltd. (A)

He likes it here.  It has had a decent run and is at 15-16 times forward earnings, which is a decent market multiple.  They showed some better growth over the last couple of years.  Target pulling out of Canada is a bit of a win for them.  They benefit from the falling oil price.


Price:
$120.030
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2015-02-02 BUY Must be logged in to use chart DGC-T Detour Gold

When you have this race to devalue global currencies, at some point gold has to gravitate higher.  You don’t want to be without gold in this environment.  The stocks are cheap relative to gold.  You are also seeing the amazing political risk in the world so you are really getting a premium for the Canadian mine that this one has.  He likes it here.  He was buying this morning.  He thinks there is a good chance it will get taken out in the future.


Price:
$13.000
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-02-02 PAST TOP PICK Must be logged in to use chart EFN-T Element Financial

(Top Pick Feb 10/14, Up 3.85%) Feeling better about it.  Most of the revenues are in US$ and costs are in CAD$.  They are at a point where earnings are growing and margins getting above zero.  He thinks you will see their earnings start to accelerate this year.


Price:
$13.470
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-02-02 BUY Must be logged in to use chart GOOGL-Q Google

Just buy it and put it away.  The market is undervaluing their assets.  Their acquisitions have been smart.  18 times earnings and generating cash.


Price:
$532.200
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-02-02 HOLD Must be logged in to use chart MFC-T Manulife Financial

The stock had a really good run over the last couple of years.  They are very levered to higher interest rates.  The story got a little ahead of itself.  A better growth profile than the banks.  He has no trouble holding it.


Price:
$20.520
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2015-02-02 TOP PICK Must be logged in to use chart MRE-T Martinrea

It is a combination of value at 10 times earnings, and growth of 15%.  Most revenue is in US$ and a good chunk of costs are in CAD$.  There is not a parts manufacturer that is as well positioned for the use of aluminum as they are.  There is pretty much nothing, but upside even in a sloppy environment.


Price:
$9.850
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2015-02-02 DON'T BUY Must be logged in to use chart NA-T National Bank of Canada

They have the biggest exposure to the energy sector and people are waiting for the next couple of quarters to see if there is any hit to earnings.


Price:
$45.020
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2015-02-02 DON'T BUY Must be logged in to use chart NFLX-Q Netflix Inc.

We all love the service.  You have to separate the service from the stock.  It is expensive and they will have to continue to spend for the content they create.  It is a model that others in the industry can emulate.


Price:
$441.065
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Unknown
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