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

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Richard Croft , President

R.N. Croft Financial Group Inc.

Address
218 Steeles Ave East
Thornhill, ON
L3T 1A6

Contact Info
Telephone: (905) 695-7777
Toll Free: 1-877-249-2884
Fax: (905) 695-9777
Email:
Website: http://www.croftgroup.com/index.htm

Bio:

R. N. Croft Financial Group Inc. is a boutique portfolio management company, providing fully customized discretionary asset management to discriminating investors. Our investment approach combines low cost tax-efficient indexed investment strategies, with targeted active management, and sophisticated options techniques to maximize client returns at any risk level. Our portfolio processes are unique, flexible and comprehensive.

Date Signal Chart Symbol Company Opinion Price
2013-12-19 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Economy. There doesn’t seem to be any alternative to stocks. Will probably see higher interest rates, which will be very good for financial services. US is sitting with about $2.4 trillion in reserves in the banking system. Normally $1 in reserves is expected to generate about $70 of economic activity over time. Current reserves have been delivering roughly $1.4 of economic activity for every $1 in reserves. This means there is a huge amount of money if the economy starts to move and consumers start to get more confident. This could cause an almost tsunamic effect to the US economy in the longer-term, and maybe it will turn out that the US equity markets correctly predicted where things were going. If so, then Canada will be even better next year because they have to play catch-up to the US. He likes the financials because of this. The export sectors in Canada are going to look interesting. He is not as comfortable with the commodity base as there is no inflation in the system. Gold will be a tough one. Oil will be okay, but not great, and you will probably be better off in other sectors.


Price:
$0.020
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
BULLISH on FINANCIALS
Owned:
_N/A
2013-12-19 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Option premiums. If we get more retail investors back in the market, the implied options volatility will start to pick up and option premiums will start to rise a little. They have been low for a long time and he wouldn’t be surprised to see that change next year. When premiums rise, that is when option writing strategies become particularly attractive, and he is looking at Index Options, specifically. This is the one trend he would look for next year.


Price:
$0.020
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
BULLISH on FINANCIALS
Owned:
_N/A
2013-12-19 PAST TOP PICK Must be logged in to use chart BAC-N Bank of America

(A Top Pick Jan 30/13. Up 20.1%.) This was to Buy the Jan 2015 $15 Calls at US$1.79. His strategy on this was that he thought this bank would be significantly higher than it was in July. There have been some positive gains, and he would just continue to Hold. Thinks this will be well above $20 next year.


Price:
$15.750
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
BULLISH on FINANCIALS
Owned:
Yes
2013-12-19 COMMENT Must be logged in to use chart BMO-T Bank of Montreal

Bought a Jan $68 Put Option. Do you ever Buy your Puts back and if a Put is put to you, do you take the stock and Sell a Covered Call on it? Depends on the capital that you have available for that particular position. This is a Short Put so basically you are taking on an obligation to Buy Bank of Montréal at $68 until the January expiration. You get a premium if the stock is below $68 and would have to buy it. You could then Sell a Covered Call against it.


Price:
$69.830
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
BULLISH on FINANCIALS
Owned:
Unknown
2013-12-19 COMMENT Must be logged in to use chart CBO-T iShares 1-5 yr Ladder Corp Bond ETF

Basically a 1-5 year laddered corporate bond portfolio, so you are buying corporate bonds. In theory they have short-terms to maturity. If looking at fixed income instruments throughout next year and probably the next couple of years, you want to keep your duration short. This fund yields more than you would expect given the short 1-5 year terms. This is because the manager of the fund is buying longer-term bonds, where the Call dates are 1 to 5 years. Most of those particular bonds, high-quality, are virtually all called within the 5 years. Good fund.


Price:
$19.760
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
BULLISH on FINANCIALS
Owned:
Unknown
2013-12-19 BUY Must be logged in to use chart CEW-T iShares Equal Weight Bank & Lifeco ETF

Likes this. He is very positive on financials for the next year. Canadian banks and the lifecos and both will benefit from higher interest rates. Very good ETF.


Price:
$9.490
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
BULLISH on FINANCIALS
Owned:
Unknown
2013-12-19 COMMENT Must be logged in to use chart CPB-N Campbell Soup Company

Very good brand and very stable earnings. Had some choppy rides lately but have some internal issues going on at the board level. Likes the stock and thinks it will do fine.


Price:
$43.200
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
BULLISH on FINANCIALS
Owned:
Unknown
2013-12-19 COMMENT Must be logged in to use chart DXJ-N Wisdom Tree Japan Hedged Equity

What ETF would you suggest for investing in Japan? He would look at this one because of the hedging out of the fluctuations in the yen. The enormous amount of liquidity that is being infused into the US market is based on the fact that they are trying to lower the value of the yen.


Price:
$49.920
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
BULLISH on FINANCIALS
Owned:
Unknown
2013-12-19 COMMENT Must be logged in to use chart EWL-N iShares MSCI Switzerland ETF

Swiss currency is one of the stronger currencies globally. If you believe that the euro zone is going to do all right, this will probably do okay. He would probably take Canada over this one.


Price:
$31.940
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
BULLISH on FINANCIALS
Owned:
Unknown
2013-12-19 COMMENT Must be logged in to use chart F-N Ford Motor

Bought a $16 June/14 Option when the stock pulled back. How far out should he go and what determines that? When you have a stock sell off, that will often bump up the option premium because volatility will start to move up, so you have to be careful that you are not overpaying. Secondly, if you like this company, he wouldn’t think the options are terribly expensive. Going out 7 months would be quite comfortable for him.


Price:
$15.300
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
BULLISH on FINANCIALS
Owned:
Unknown
2013-12-19 COMMENT Must be logged in to use chart FIE-T iShares Cdn Financial Monthly Income ETF

This would be a great Hold, if you are looking for an income generating vehicle. If you are at a point in life where you want to have some income, this is a great way of doing it. 6.78% yield.


Price:
$7.070
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
BULLISH on FINANCIALS
Owned:
Unknown
2013-12-19 BUY Must be logged in to use chart FTN-T Financial 15 Split Corp

These are 15 banks, both Canadian and US and an interesting way to play the financial sector, purely from the banking side. They have taken 15 banks and split out the capital gains and growth of the dividends as one share class, the Capital Share. They have taken the dividends alone into the Preferred Share calling it the Preferred Class. What is interesting is that the US banks are not paying very rich dividends now, mainly because they have to get approval from a number of different regulators. There is an expectation that there may be more of this next year. Most of the dividends on the preferred shares are coming from the Canadian banks of about 3%-4%. In effect, they are lowering the cost of the stocks so that fixed dividend on a lower cost base gives you a higher yield on a preferred share of about 5.2%. Anything that grows beyond that accrues to the capital share. Canadian stocks have been raising dividends, hence the higher yield and there is a potential that US banks could start paying some interesting dividends next year.


Price:
$8.950
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
BULLISH on FINANCIALS
Owned:
No
2013-12-19 TOP PICK Must be logged in to use chart HFU-T HBP Financials Bull+ E.T.F.

Financial double bull ETF. Not a long-term hold, but thinks it will be an interesting play for the 1st 6 months next year.


Price:
$19.800
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
BULLISH on FINANCIALS
Owned:
No
2013-12-19 COMMENT Must be logged in to use chart LVL-N Guggenheim S&P 500 Global Dividend Opportunities Index

This is as good as any if you are looking for good dividend paying securities that are globally-based. Basically, you are buying a dividend based strategy, which means you are buying into a lot of very mature companies and you should not expect significant growth. It is conservative and the dividend provides nice downside protection. Nothing wrong with this.


Price:
$12.980
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
BULLISH on FINANCIALS
Owned:
Unknown
2013-12-19 PAST TOP PICK Must be logged in to use chart MFC-T Manulife Financial

(A Top Pick Jan 30/13. Up 15.3%.)


Price:
$20.750
Subject:
OPTION STRATEGIES & E.T.F.S
Bias:
BULLISH on FINANCIALS
Owned:
Yes
Showing 1 to 15 of 575 entries
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