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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
2014-08-01 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. Expects the 2 day sell off is the start of the correction that we have all heard of. Has been positioning himself in the past couple of weeks as negatively as he has been since 2011. Has a net Short in his hedge fund. He is still a long-term Bull and the glass is half full, but it seems so extended in the short term for a variety of reasons. It just seems that it is ahead of itself, and with political actions seems to be breaking down a little. Thinks we are overdue for a correction. His worry is that everybody is expecting 5%-10%, but sometimes these things gain momentum and it wouldn’t surprise him to see the market off 15%-20%. The safest place is to have cash on the sidelines. Some of the cyclical sectors are starting to act a little better. Europe growth is slowing down, but emerging economies and China seem to be doing well. Thinks gold is all right in an environment like this. Feels the highest risk sectors are energy, technology and social network. The earnings are sort of winding down now, so what is the next level?


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
_N/A
2014-08-01 BUY Must be logged in to use chart AC.B-T Air Canada (B)

(Market Call Minute.) He would still buy it in here. Have had earnings upside and still has cost cutting. Well-positioned.


Price:
$9.300
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2014-08-01 PAST TOP PICK Must be logged in to use chart ATH-T Athabaska Oil Sands Corp

(A Top Pick July 18/13. Down 4.42%.) Still waiting for the $1.3 billion to come through from Petro China for the Dover oil sands. The longer the time goes on, the less people believe the money is actually coming in. Even without that money coming in, he feels the stock is worth more than where it is trading currently. Light oil assets alone are worth $7-$8.


Price:
$6.290
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2014-08-01 PARTIAL SELL Must be logged in to use chart BA-N Boeing

His inclination would be to take a little bit of money off the table. Feels you are paying a little bit up for the growth right now, and the valuation is at the higher end.


Price:
$120.380
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2014-08-01 HOLD Must be logged in to use chart BAC-N Bank of America

Likes this. Sold his holdings recently when it ran up into the $16-$17 area, but is looking at a point for when to buy it back. There is earnings potential in the $1.80-$2 range. Still a lot of costs they can cut and can generate some earnings growth.


Price:
$14.980
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
No
2014-08-01 BUY Must be logged in to use chart BB-T BlackBerry

Likes this. Volatile, but has a lot of low hanging fruit. There are metric valuations that can be improved upon. It’s not going to be in the handset business, but more in software on the security side. New CEO is reinventing the company. There is still a massive Short position in the US, which is going to have to be covered at some point.


Price:
$10.150
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2014-08-01 COMMENT Must be logged in to use chart BCE-T BCE Inc.

(Market Call Minute.) A Hold at best. Management has done a fantastic job, but the yield is not going to get any better and earnings growth is slowing down a little. Doesn’t think there is much valuation upside.


Price:
$49.120
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2014-08-01 TOP PICK Must be logged in to use chart CCT-T Catamaran Corp

Healthcare in general has seen a tremendous amount of technology spending. It needs it. The rollout of the Affordable Care act in the US is making the public and private pharmacy benefit exchanges much more valuable. Their acquisitions over the last couple of years have been ultimately accretive to earnings. On a valuation basis you are probably trading at around 20X earnings.


Price:
$49.090
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2014-08-01 BUY on WEAKNESS Must be logged in to use chart CNQ-T Canadian Natural Rsrcs

Sold his holdings recently. Had a great run from the low $30’s. Heavy oil spreads have tightened, which has benefited them. Valuations in the sector have gone higher. He would look to buy this back again in the low $40’s. Still a good, long term growth story.


Price:
$45.950
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
No
2014-08-01 PAST TOP PICK Must be logged in to use chart CS-T Capstone Mining Corp.

(A Top Pick July 18/13. Up 44.83%.) Took a little bit of money out of this because the weight in the portfolio had risen. Copper hasn’t had a great move, but this company did some great acquisitions at the right time. People are recognizing this as a cheap junior.


Price:
$2.940
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
2014-08-01 BUY Must be logged in to use chart CSCO-Q Cisco

(Market Call Minute.) Thinks they are reinventing themselves in the router market to some degree. On the hardware side they are still one of the great long term stories. They generate cash and have good profit margins.


Price:
$25.000
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2014-08-01 HOLD Must be logged in to use chart CVE-T Cenovus Energy

Had liked this for a while because it was a bit slower in growth, but the last quarter was really impressive. Production growth has started to come back, and on the heavy side the spreads have narrowed a little bit. 3.2% dividend yield.


Price:
$33.530
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
No
2014-08-01 BUY Must be logged in to use chart DB-N Deutsche Bank AG

You could do a lot worse than owning the German banks right now. The German market and the banks have been hit particularly hard. Earnings were a little bit below expectations recently, but not bad across-the-board. Valuations are extremely attractive. They are impacted more aggressively by the Russian situation, which is why Germany has not been as quick on the sanctions.


Price:
$33.940
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2014-08-01 PARTIAL SELL Must be logged in to use chart DE-N Deere & Co.

Thinks you are heading into another earnings cycle positive for this company, so he expects earnings growth to continue globally. However, he finds valuations a little bit rich, and if he owned he would probably be trimming some of his position.


Price:
$84.960
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2014-08-01 TOP PICK Must be logged in to use chart DIS-N Walt Disney

The only mistake he ever made with this company is by Selling it. It has been the best growth stock over the last 50 years. They have reinvented themselves. Over the past couple of years, they have increased their content in sports with ESPN, Marvel comics, Star Wars, etc. They are now expanding on a global basis with their theme parks, consumer products, Disney Interactive. They continue to hit it out of the park. You are getting all of this for a 20 multiple. This is one that you Buy and put it away.


Price:
$85.380
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Yes
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