Viewing Expert Michael Smedley | StockChase
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Compiling comments that experts make about stocks while on public TV.

Viewing Expert

Michael Smedley , Exec VP & Chief Investment Officer

Morgan Meighan & Associates


Date Signal Chart Symbol Company Opinion Price
2016-12-14 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. The Fed raised interest rates by 25 basis points, which was expected, but also said that they could raise rates 3 times next year, rather than 2, and the market sold off. Thinks that rising interest rates will be directed by whatever Trump is doing and thrusting the economy forward somehow. It hit the Cdn$ today, but will probably ease off tomorrow. We are in that critical period of being not quite at the end of the tax year, so everything that is being trashed is going down, while people take tax losses. The Trump rally is a totally brainless rally that is picking everything up, but all you can do is sit through to the end of the year, and hopefully have a good result by the last day of the trading year, and then start having a correction.


Price:
$0.020
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
_N/A
2016-12-14 BUY Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Buying gold stocks on tax loss selling?Gold has sold off under the Trump market, and has been cycled down. At some point, there is going to be some fundamental event that will drive them. The stocks will rise again. There is a significant lowering of grade and discovery and production nowadays, and it will continue to be needed. One setback at the moment is India, where Modi has killed all the big notes, and in the short term killed the gold festival. Now is the right time for buying more.


Price:
$0.020
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Unknown
2016-12-14 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

When do you Sell or lighten up?He very seldom sells, except for things that have gone down for tax purposes. There is also a tiny bit of trimming on some big stocks. He has no precise methodology, and he often gets it wrong.


Price:
$0.020
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
_N/A
2016-12-14 COMMENT Must be logged in to use chart AGU-T Agrium

They will be merging with Potash (POT-T) which is a good thing. He likes this because it is diversified. There also will be better times ahead on the potash side.


Price:
$134.690
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
2016-12-14 COMMENT Must be logged in to use chart BAC-N Bank of America

US banks went up about a week ago on the huge optimism for the sector. They are being unshackled after years of humiliation. With rising rates, they should be able to expand their margins.


Price:
$22.670
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Unknown
2016-12-14 COMMENT Must be logged in to use chart BTE-T Baytex Energy Corp

This was not considered to be one of the best, but does appear to be straightening out its finances. It is improving a little in the slightly better complexion of the oil/gas sector. He prefers others, such as Seven Generations (VII-T).


Price:
$6.590
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Unknown
2016-12-14 COMMENT Must be logged in to use chart DHX.B-T DHX Media

From what is being said, he has a feeling they are not going to report particularly aggressive earnings until the 4th quarter of 2017. You have to be patient. Expects this quiet period will be continuing over the next few months.


Price:
$6.650
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Unknown
2016-12-14 HOLD Must be logged in to use chart DOL-T Dollarama Inc.

This is kind of a supreme sector, where modest goods have gone from $1 to $5 now. This is where everybody shops, whether they are rich or poor. The company is brilliantly run. Expect this stock will continue to be strong.


Price:
$100.210
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2016-12-14 TOP PICK Must be logged in to use chart GUD-T Knight Therapeutics

Doesn’t think this is an area where it is endangered by curtailment of drug prices by the US government. This is run by a very small core of extraordinary experienced people. They have mentioned that they are going to get some acquisitions done. (Analysts’ price target is $10.45.)


Price:
$10.370
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2016-12-14 COMMENT Must be logged in to use chart IVN-T Ivanhoe Mines

Robert Friedland has some very spicy assets in Africa, after his great success in Mongolia. There is always a bit of a problem with Africa, but he seems to know how to handle these places. Doesn’t know where the stock is going, but metals are in favour, so it might do well.


Price:
$2.710
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Unknown
2016-12-14 PAST TOP PICK Must be logged in to use chart LULU-Q LuLulemon Athletica (US)

(A Top Pick Sept 15/15. Up 28.61%.) This has had a history of being the finest in the line of fit ware. It has an unusual model, in that it hasn’t actually flooded the world with stores. He thinks this company is unassailable. Sold his holdings in order to move into something else.


Price:
$68.640
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
2016-12-14 COMMENT Must be logged in to use chart MFC-T Manulife Financial

Alongside the banks, the insurance companies have been forging ahead quite well. It would be an expectation that if you’ve got better markets, either in interest rate instruments or in stocks, then a company like this earns more money on its premiums. There is a certain safety here.


Price:
$24.370
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Unknown
2016-12-14 WATCH Must be logged in to use chart MFI-T Maple Leaf Foods

This has done brilliantly considering there have been misfortunes along the way. Protein is in and the company has been doing well. He knows nothing on the horizon that is going to be negative. It has a steadily improving stock price. You just have to keep an eye on the news.


Price:
$27.760
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Unknown
2016-12-14 PAST TOP PICK Must be logged in to use chart MIDD-Q Middleby Corp.

(A Top Pick Sept 15/15. Up 18.73%.) The dominant company globally for supplying kitchen appliances to the major restaurant chains.


Price:
$134.220
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Yes
2016-12-14 COMMENT Must be logged in to use chart MITL-Q Mitel Networks

This has reconstituted itself and its legacy business is still there. It doesn’t seem to grab the investor too strongly. Well-managed and should continue to do well. There is no special factor that would cause him to suggest that it was a buy.


Price:
$7.030
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
Unknown
Showing 1 to 15 of 3,240 entries
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