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

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Date Signal Company Expert Opinion Price
2015-08-31 N/A A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

Markets.  Last Monday we had a flash crash.  Quality stocks that should not have had that kind of volatility in some cases had no bid.  You will have these periods during high panic.  We had an 18% world correction since the highs.  He was looking for 10-15%.  Effectively we are in a bit of a bear market.  He thinks this will play out over a number of months.  We have had effectively 0% interest rates for 7 years and barely eked out 2% growth.  The economy is not healthy.  He thinks they will raise interest rates and then find they have to cut again. 


Price: $0.020
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: _N/A
2015-08-31 N/A A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

The S&P is about 60% of the Dow in Market Cap.  The S&P is more diversified, however.  The Dow has been underperforming because it has less tech and biotech.


Price: $0.020
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: _N/A
2015-08-31 N/A A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

Educational Segment.  Fees Related to ETFs and their Impact on Returns.  Regulations regarding performance require you publish the gross of fee returns to the public.  This is because there are various fee classes.  You have to back out fees to see what you are actually paying.  iShares is about 54%, BMO 27%, and Vanguard is 7% of the ETF market.  He mentions the ones that are 80% of the market more often.  He has a bias towards BMO, however because he prefers the way they do covered calls, for example.  He prefers equal weights to market weights.  MERs are not the whole story.  There are cost of trade, acquisition cost (spread), and tracking error as well, which all impact your actual returns.


Price: $0.020
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: _N/A
2015-08-31 N/A A Comment -- General Comments From an Expert
A Commentary
James Hodgins

Markets.  What’s going on in China is having a major impact on global markets and markets tied closely with commodities.  When the commodity super cycle took off in 2002, the five largest banks in the world were North American and European and now they are all Chinese and have grown those assets ahead of GDP.  He thinks there is a bit of an unwind going on now and he does not know if it will end quietly.  Trend lines have been broken on all global markets.  Typically you get a re-test of the highs and then things roll over.  He thinks we are seeing the downside of a business cycle.  He is trying to diversify away from commodities.  He would use any bounces to sell commodities.  He is cautious and sells gradually. 


Price: $0.020
Subject: SMALL & MID-CAP
Bias: BEAR on COMMODITIES
Owned: _N/A
2015-08-31 COMMENT A Comment -- General Comments From an Expert
A Commentary
James Hodgins

He is not a currency trader.  Longer term he is  negative on the Canadian dollar because he is negative on the commodity cycle. The Canadian dollar continues to be vulnerable.  


Price: $0.020
Subject: SMALL & MID-CAP
Bias: BEAR on COMMODITIES
Owned: Unknown
2015-08-31 N/A A Comment -- General Comments From an Expert
A Commentary
Rick Stuchberry

Markets. Thinks we are still in a long-term bull market. These corrections generally take some time to work out. There is a consolidation phase that has to take place and we are into that phase now. Over the next month or so, we will come out of it and will resume the bull market again. Bear markets are caused by recessions and there is no sign of a recession out there. Showed 3 charts.

Chart #1 showed the Fed balance sheet versus household debt (as a percentage of personal income) with numbers going in opposite directions for quite a while. In 2008 the whole US economy sort of collapsed on the back of too much debt in the consumer. The Fed flooded the market with capital, and they are still pushing capital into the system. However, the consumer took the cash and paid down debt. (This was the right thing to do.)

Chart #2 shows the US$ versus commodities. It showed the US$ going up and the CRB commodity Index going down. The strength of the US$ coincided with the weakness in the commodity market. This can get out of whack. You get a real divergence, not based just on supply/demand, but supply/demand caused by a currency that is extraordinary in its movement.

Chart #3 showed the median line with a 1 Std. deviation on either side and a 2 Std. Deviation lines on the outsides. 1997 to 1999, was a period with the Asian currency crisis and it fell off, but wasn’t a major correction. 2001 showed a full blown bear market, and this happened in 2008. We are now back where it looks more like 2012-2013, which was the start of the Greek European crisis. Thinks we are much closer to that scenario where we are in the area of being in a Buy zone. We have sold off enough that some of the discrepancies (the overvaluations) have not been compensated for by the market. The next cycle should be a Growth cycle rather than an Income cycle.


Price: $0.020
Subject: CANADIAN LARGE & ADRs
Bias: OPTIMISTIC
Owned: _N/A
2015-08-31 COMMENT Arc Resources Ltd
ARX-T
Rick Stuchberry

More gas than oil. It is strategically located if we could ever get any of the gas lines built to the West Coast. They have lots of reserves. Thinks it will pick back up again, but we need a couple of things to happen. We need the energy complex to get some money in it. The sector is cheap. Dividend yield of 6%.


Price: $19.780
Subject: CANADIAN LARGE & ADRs
Bias: OPTIMISTIC
Owned: Yes
2015-08-31 SELL Avigilon Corp
AVO-T
James Hodgins

He has a small short position.  A competitor has said they will discount the products.  They reported some iffy earnings numbers.  There is also this weird exodus of employees from the company. 


Price: $13.900
Subject: SMALL & MID-CAP
Bias: BEAR on COMMODITIES
Owned: Yes
2015-08-31 TOP PICK Alibaba Group Holding
BABA-N
Rick Stuchberry

The numbers are coming in the way he had hoped. He is buying this as a five-year project. They are strategic in what is going to happen in China, and he thinks China is going to be good, not bad. As you convert into a consumer driven economy, as the Chinese are doing, this company is strategically placed for when the Chinese consumer does well. They are very big and mobile.


Price: $66.120
Subject: CANADIAN LARGE & ADRs
Bias: OPTIMISTIC
Owned: Yes
2015-08-31 PAST TOP PICK Bank of America
BAC-N
Rick Stuchberry

(A Top Pick Sept 23/14. Down 3.3%.) Had been looking better up until we had the last correction about a month or so ago. It will go after this pullback is over. Fundamentals are looking quite good.


Price: $16.340
Subject: CANADIAN LARGE & ADRs
Bias: OPTIMISTIC
Owned: Yes
2015-08-31 BUY on WEAKNESS Brookfield Asset Management (A)
BAM.A-T
Rick Stuchberry

The Brookfields are very well-managed companies and he has a lot of respect for them. If you want to participate in this, just wait for a pullback in the price and add to your position.


Price: $41.410
Subject: CANADIAN LARGE & ADRs
Bias: OPTIMISTIC
Owned: No
2015-08-31 SELL Bombardier Inc (B)
BBD.B-T
James Hodgins

He has been short since the $2.50/$3 level.  His view has been that the ‘C’ series was not going to be a success.  There were two turnovers in the sales associates and no sales recently.  In a year or two, this company could be bankrupt.  He is short.  If they don’t sell planes it could be trouble for them.


Price: $1.290
Subject: SMALL & MID-CAP
Bias: BEAR on COMMODITIES
Owned: Yes
2015-08-31 COMMENT Bombardier Inc (B)
BBD.B-T
Rick Stuchberry

They put so much into the C series that it really has to work. He thinks the Québec government would do a lot to help them. It may not be the same company in a year if they can’t get the C series to go. Wait for them to come out and show you the C series is going to work with 350-400 orders, and then it will be a free-for-all to get in it.


Price: $1.290
Subject: CANADIAN LARGE & ADRs
Bias: OPTIMISTIC
Owned: No
2015-08-31 PAST TOP PICK Bonavista Energy Corp
BNP-T
Rick Stuchberry

(A Top Pick Sept 23/14. Down 65.56%.) Got stopped out in January. If you are in it, just wait it out. These things will come back. It is more natural gas than anything else. (Has a small bit in his own account.)


Price: $4.090
Subject: CANADIAN LARGE & ADRs
Bias: OPTIMISTIC
Owned: Yes
2015-08-31 COMMENT Crescent Point Energy Corp
CPG-T
Rick Stuchberry

There is not much more this company can do on the operating side. It has been a spectacular operator. Has reduced its cost by 25%. This is a commodity problem in this company is getting clobbered because the oil price is down. They are low cost producers compared to a lot of others.


Price: $16.880
Subject: CANADIAN LARGE & ADRs
Bias: OPTIMISTIC
Owned: Yes
2015-08-31 HOLD Capstone Mining Corp.
CS-T
James Hodgins

A Copper mining company that was crushed.  They are a pretty high cost producer.  They may go out of business.  He has a small short position, but covered a bit today.  He does not think the mine is economic.


Price: $0.620
Subject: SMALL & MID-CAP
Bias: BEAR on COMMODITIES
Owned: Yes
2015-08-31 COMMENT Cisco
CSCO-Q
Rick Stuchberry

Has been a bit disappointing. Has a good yield, and he feels very secure with the name. It has buckets of cash, so there is no debt issue at all. He is just waiting for the recovery to come after this correction, and he thinks this will get up and go. Likes the yield.


Price: $25.880
Subject: CANADIAN LARGE & ADRs
Bias: OPTIMISTIC
Owned: Yes
2015-08-31 COMMENT Corby Spirit and Wine (A)
CSW.A-T
James Hodgins

It is not a super liquid stock.  This summer has been a case where there is one seller and they go down.


Price: $19.440
Subject: SMALL & MID-CAP
Bias: BEAR on COMMODITIES
Owned: Unknown
2015-08-31 BUY Convalo Health International Corp
CXV-X
James Hodgins

Drug rehab for Hollywood stars.  He thinks it is fine.  It is reasonable to buy it here.  He would not buy PHM right now due to an equity financing.


Price: $0.380
Subject: SMALL & MID-CAP
Bias: BEAR on COMMODITIES
Owned: Yes
2015-08-31 PARTIAL BUY Denison Mines Corp
DML-T
James Hodgins

They are merging with Fission (FCU-T) and it will provide them with future growth opportunities.  This is one of the commodities that he would be somewhat bullish on.  There is a push to lowering green house gases.  He prefers Uranium Participation Units (U-T).  It’s a little early to take a large position.


Price: $0.640
Subject: SMALL & MID-CAP
Bias: BEAR on COMMODITIES
Owned: Unknown
2015-08-31 COMMENT Emera Inc
EMA-T
Rick Stuchberry

If you are in this for yield, you should be safe. If you are in it for growth, you could lighten your holdings. He wouldn’t be opposed to taking a profit and redeploying the assets. This is a safe, stable company.


Price: $45.560
Subject: CANADIAN LARGE & ADRs
Bias: OPTIMISTIC
Owned: No
2015-08-31 WAIT Freehold Royalties
FRU-T
Rick Stuchberry

Because this is a royalty company, it is dependent on energy prices. If you think energy is going back to $60-$70 and trade positively, these royalty companies are great because they don’t have any operating costs. You need to be bullish on the underlying commodity. If you are not bullish, and he means $60+, then just bide your time. There is no rush to buy these things until they show you a little bit of strength.


Price: $10.920
Subject: CANADIAN LARGE & ADRs
Bias: OPTIMISTIC
Owned: Unknown
2015-08-31 TOP PICK General Electric
GE-N
Rick Stuchberry

They are getting back to their core business. A big industrial leader. They make hydro turbines, jet engines, etc. Getting out of the money business, which is hugely competitive. Dividend yield of 3.71%.


Price: $24.820
Subject: CANADIAN LARGE & ADRs
Bias: OPTIMISTIC
Owned: Yes
2015-08-31 BUY on WEAKNESS CGI Group (A)
GIB.A-T
Larry Berman CFA, CMT, CTA

A lot of money has gone into the tech space over the last few years.  The dip to 52 week lows is a good buying opportunity if it is a stock you like.  He thinks over the next few months you will see a lot of failed rallies.  You want to buy only when it sells off aggressively.


Price: $48.600
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Unknown
2015-08-31 DON'T BUY Home Capital Group
HCG-T
James Hodgins

He has had a short for the last couple of years.  It is a good short position now.  He is now covering off his short.  He prefers EQI-T.


Price: $27.500
Subject: SMALL & MID-CAP
Bias: BEAR on COMMODITIES
Owned: Yes
2015-08-31 TOP PICK American Hotel Income Properties
HOT.UN-T
James Hodgins

Many hotels have guaranteed contracts from rail companies.  They have some rooms with over 100% occupancy because of rail shifts.  They are all in the US and their income is in US dollars, but dividends are all in Canadian dollars.  The payout he thinks will go to 60% next year and will prompt a 10% dividend hike.  9% yield.


Price: $9.990
Subject: SMALL & MID-CAP
Bias: BEAR on COMMODITIES
Owned: Yes
2015-08-31 COMMENT iShares Nasdaq BioTech ETF
IBB-Q
Larry Berman CFA, CMT, CTA

Momentum plays.  The volatility is three times that of a company like IBM.  They need to consolidate.  Look to the lows recently for where support might be.  The trend of falling highs is the resistance.


Price: $341.990
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Unknown
2015-08-31 DON'T BUY IBM
IBM-N
Larry Berman CFA, CMT, CTA

They are having difficulty executing on some of their strategies.  Sectors they chose to invest heavily in have had a lot of margin compression.  He likes the valuation here, but he feels all rallies will be to a lower high for some time.


Price: $147.890
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Unknown
2015-08-31 PAST TOP PICK Ikkuma Resources
IKM-X
James Hodgins

(Top Pick Oct 17/14, Down 62.64%)  They actually had some booming wells.  The story is still good.  He would be cautious on this because there will be tax loss selling, at which time he might add.


Price: $0.650
Subject: SMALL & MID-CAP
Bias: BEAR on COMMODITIES
Owned: Yes
2015-08-31 BUY Inter Pipeline
IPL-T
Rick Stuchberry

Sold his holdings some time ago, with the idea that the income stocks were getting a little bit ahead of themselves. With a pullback now, you could certainly look at this and pick it up, especially if you need a yield name in your portfolio. Dividend yield of 5.2%.


Price: $28.200
Subject: CANADIAN LARGE & ADRs
Bias: OPTIMISTIC
Owned: No
2015-08-31 BUY Intertain Group
IT-T
James Hodgins

The CEO and CFO are being compensated based on the value of acquisitions they have made.  This has been controversial.  He thinks the management team will be quite reasonable going forward.  There is a large seller in the market place due to the compensation structure, but he would be buying more.  He thinks they will grow the business and would not be surprised at a stock buyback.


Price: $12.190
Subject: SMALL & MID-CAP
Bias: BEAR on COMMODITIES
Owned: Yes
2015-08-31 BUY on WEAKNESS Linamar Corp
LNR-T
Larry Berman CFA, CMT, CTA

Car sales have done really well, but recently we have seen a lot of stocks like this roll over.  Interest rates should stay low and auto sales should be okay.  If you like these long term, then you want to buy them when they are cheap.  It is not deviating significantly from its long term trend.


Price: $69.110
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Unknown
2015-08-31 SHORT Linamar Corp
LNR-T
James Hodgins

There is benefit to the lower Canadian dollar.  Chinese growth was projected to continue to drive auto sales, so now you have seen the whole sector roll over.  He is short on a similar US auto parts manufacturer (LEA-N).  Car buyers are getting longer and longer loans.


Price: $69.110
Subject: SMALL & MID-CAP
Bias: BEAR on COMMODITIES
Owned: Yes
2015-08-31 PAST TOP PICK Manulife Financial
MFC-T
Rick Stuchberry

(A Top Pick Sept 23/14. Up 1.11%.) Things are performing well on the operating side. They have the Asian unit which should do well. They are in the UK, in the US, and big in Canada.


Price: $21.380
Subject: CANADIAN LARGE & ADRs
Bias: OPTIMISTIC
Owned: Yes
2015-08-31 TOP PICK Merus Labs International
MSL-T
James Hodgins

(Top Pick Oct 17/14, Up 47.97%) It is his favourite by far.  Sometimes it is about betting on the right horse.  The CEO grew his previous company 5 times.  The company sold off last announcement for a bogus reason related to impact from distributors.


Price: $2.380
Subject: SMALL & MID-CAP
Bias: BEAR on COMMODITIES
Owned: Yes
2015-08-31 BUY Neulion
NLN-T
James Hodgins

There has been a pretty good run in the stock, but last March he sold because of the Rogers deal.  There was some insider buying recently.  He likes the company still.  Losing one contract does not kill the company. 


Price: $0.850
Subject: SMALL & MID-CAP
Bias: BEAR on COMMODITIES
Owned: No
2015-08-31 HOLD Patient Home Monitoring
PHM-X
James Hodgins

There is a financing attached to it and the buyers can’t trade until Sep 8th.  He thinks there will be some selling after that date and then he would look to buying.


Price: $0.860
Subject: SMALL & MID-CAP
Bias: BEAR on COMMODITIES
Owned: Yes
2015-08-31 WAIT Paramount Resources
POU-T
Rick Stuchberry

So much depends on your view of the commodity sector. Unless you are positive on the energy’s complex going forward, you are better to keep your powder dry until things actually start to turn and show you some strength. This is more of a natural gas play, and he likes gas better than oil. The players that are left in the gas market are more likely to have their balance sheets fixed.


Price: $14.080
Subject: CANADIAN LARGE & ADRs
Bias: OPTIMISTIC
Owned: Unknown
2015-08-31 DON'T BUY Petrowest Corp
PRW-T
James Hodgins

It had such a dramatic decline recently that he covered his short position.  It is highly, highly speculative.  He is not making the bet, however.   There are about 40 LNG projects around the world that have better economics than this one.  He is pretty neutral in this sector at this time.  He would be selling long positions into rallies.


Price: $0.220
Subject: SMALL & MID-CAP
Bias: BEAR on COMMODITIES
Owned: No
2015-08-31 COMMENT Banco Santander SA
SAN-N
Rick Stuchberry

He owns this because Europe is going to get turned around. This is a big, international bank. Their UK operation is a bigger operation than Spain, and the UK economy has been one of the better ones in Europe. Have a good presence in the US and they are large in Brazil. He is going to be a bit more patient with this and see if they get that lift when the European stock markets turn. Dividend yield of 3.6%.


Price: $6.090
Subject: CANADIAN LARGE & ADRs
Bias: OPTIMISTIC
Owned: Yes
2015-08-31 TOP PICK Starbucks
SBUX-Q
Rick Stuchberry

Fundamentals are solid. A very well-run operation. They seem to be able to keep ahead of the technology. They invent something to reduce line-ups and they invent new products that people want to have. Internationally they are really exploding. Dividend yield of 1.17%.


Price: $54.710
Subject: CANADIAN LARGE & ADRs
Bias: OPTIMISTIC
Owned: Yes
2015-08-31 PAST TOP PICK TheScore Inc.
SCR-X
James Hodgins

(Top Pick Oct 17/14, Up 17.14%) The app growth is slow.  They are focusing on additional product lines.  They are just in the process of launching for this year’s NFL season.  The app is growing but at a much slower pace.  He bought more this morning.  They might get into sports gambling.


Price: $0.455
Subject: SMALL & MID-CAP
Bias: BEAR on COMMODITIES
Owned: Yes
2015-08-31 BUY SunEdison Inc
SUNE-N
Rick Stuchberry

This is a green utility energy company consolidator. They might buy a wind power, solar power, etc. This is more of a growth model. Have started moving the tolling into an income fund called TerraForm (TERP-Q2). Both these stocks had been hit a little. SunEdison is more the growth model and TerraForm is the income model. They are in a great space. There is a lot of action in this space. The Shorts have been on these stocks lately. This is a good area to be in going forward.


Price: $10.400
Subject: CANADIAN LARGE & ADRs
Bias: OPTIMISTIC
Owned: Unknown
2015-08-31 BUY Sandvine Corp.
SVC-T
James Hodgins

They pre-released the last quarter negatively but they now have an upgrade cycle.  He has been buying more.  The company is quite active at buying back shares.


Price: $3.220
Subject: SMALL & MID-CAP
Bias: BEAR on COMMODITIES
Owned: Yes
2015-08-31 DON'T BUY Transalta Corp
TA-T
James Hodgins

They are price takers and electricity demand in Alberta has been in decline over the last year and a half.  They have a project in Australia that relies on new mines coming on line and there are questions if this was a good use of capital.


Price: $6.580
Subject: SMALL & MID-CAP
Bias: BEAR on COMMODITIES
Owned: Unknown
2015-08-31 TOP PICK Titanium Transportation Group Inc.
TTR-X
James Hodgins

Recently went public.  He really likes it.  It has been weak like every offering this summer.  He was looking for those that use the proceeds for positive change.  They are buying two more trucks and plan to look for more acquisitions.  He thinks that could happen pretty quickly.  They have shown acquisitions to be accretive within 6 months in the past.  He thinks you will get a 30% Return over the next year.


Price: $2.950
Subject: SMALL & MID-CAP
Bias: BEAR on COMMODITIES
Owned: Yes
2015-08-31 COMMENT Valero Energy Corp
VLO-N
Larry Berman CFA, CMT, CTA

Crack spread is the spread between the crude and the underlying refined product price.  VLO-N is an example of a pure refiner.  A few weeks ago crack spreads reduced and the price went right down.  Warren Buffet bought a refiner today, relatively close to the top.


Price: $59.340
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Unknown
2015-08-31 DON'T BUY Vodafone Group PLC
VOD-Q
Rick Stuchberry

Exited the whole sector when the whole Verizon deal came forward. The negative is that the growth prospects are flat. He likes yield, but wants some growth attached. This is in a very competitive marketplace.


Price: $34.480
Subject: CANADIAN LARGE & ADRs
Bias: OPTIMISTIC
Owned: No
2015-08-31 BUY on WEAKNESS WSP Global Inc.
WSP-T
Rick Stuchberry

Re the acquisition of the MMM Group? He really likes this strategy. The engineering/construction groups are consolidating. He would like to buy it below $40.


Price: $42.200
Subject: CANADIAN LARGE & ADRs
Bias: OPTIMISTIC
Owned: Yes
2015-08-28 N/A A Comment -- General Comments From an Expert
A Commentary
Don Lato

Markets.  He is not a market timer. His style is to buy good businesses at attractive prices. Holding about 3% cash in his portfolios. His advice to investors would be to not panic. Business and the economy are still good. Let the volatility provide you with opportunities if you’ve got cash, but don’t be panicked into doing something that you might regret 6 months from now. He likes consumer related stocks along with tech. You can start to maybe nibble if we get another downturn in oil prices. Choose the companies with a strong balance sheet. Look for the ones that have fallen the least, not the ones that have fallen the most.


Price: $0.020
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: _N/A
2015-08-28 N/A A Comment -- General Comments From an Expert
A Commentary
Don Lato

REITs. Is the potential rising interest rate environment hitting the sector too hard? It could be that people have overcompensated for the anticipated rise in interest rates. Concurrent with a rise in interest rates, generally, is better economic activity so your CAP rate is going to change and it is going to change unfavourably as rates go up. But your rent increases might be easier to obtain, and your vacancy rates are going to be lower. Higher interest rates are not the absolutely worst thing that can happen to the REIT sector.


Price: $0.020
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: _N/A
2015-08-28 N/A A Comment -- General Comments From an Expert
A Commentary
John O'Connell, CFA

Markets.  Did some buying on Monday morning when the markets fell. The interesting thing was that the Treasury market wasn’t really responding that much, which was kind of unusual. Usually when you see markets plunging like that the Treasury market really rallies. It had already rallied in anticipation of the crash. Has seen growing signs that you have to be concerned and worried about what was going on. Credit spreads globally were widening, and often times the bond market is the clue that often eventually trips up the stock market. We saw the premarket spikes in the VIX, which was a good sign. It felt like a short-term bottom. As a general rule, when we have the V type recovery that we had, you often will have a retest. Everyone is sort of keying off 2 things right now, the Chinese economy and oil prices. Thinks the boat got tilted too far to one side, enough people fell out of the boat and that caused the prerequisite bounce back. What you really have to pay attention to is the emerging markets, and China is viewed as one of those developing markets. It is not just China. The emerging markets, now count for over half the GDP. With the currency moves we have seen recently, the pressures are growing. To some extent the Chinese are being painted unfairly with a value in their currency. The currency is up 29% year-over-year, and the Chinese were probably anticipating that the Federal Reserve Board was likely to raise interest rates, so wanted to put a bit of downward pressure on the currency to offset that, when the feds raised rates, you would like to have a continuation of the strength of the US$, with a move higher in the Chinese currency as well.


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: _N/A
2015-08-28 BUY A Comment -- General Comments From an Expert
A Commentary
John O'Connell, CFA

Energy stocks? Now is the right time to buy energy stocks. Investors are full of fear. It is exceptionally difficult and costly to get oil out of the ground. Saudi Arabia is going broke doing it. Pessimism is pretty high, and there are some really great companies out there. If you have a 2 year view, and buying good quality companies, not just the ones that are giving you dividends, you will make exceptionally high returns.


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2015-08-28 TOP PICK Apple
AAPL-Q
Don Lato

Couldn’t resist using this as a Top Pick with the price in the $112 area. Stock sold off because of fears of China and their exposure, which is not insignificant.  CEO commented this week that they are expanding iPhone sales in China. The Apple App Store in China had its best 2 weeks ever. All those concerns of China may be a little bit overblown. Stock is trading at 11.5X earnings and still the dominant player on the smart phone. IPhone revenues are expected to increase again this quarter. Dividend yield of 1.84%.


Price: $113.290
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: Yes
2015-08-28 PAST TOP PICK Apple
AAPL-Q
John O'Connell, CFA

(A Top Pick Sept 16/14. Up 14.24%.) Sold half of his holdings when it reached $128. This is a fantastic company. It’s the ecosystem they have developed. The durability of being able to develop technology solutions that make their customers want to be customers for long, long periods of time.


Price: $113.290
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2015-08-28 TOP PICK Ag Growth International Inc
AFN-T
Don Lato

Performance year to date on the business side has been pretty good. The problem lies in the next couple of quarters. Due to the wet summer in Western Canada, it has taken its toll on the farmers. They greatly decreased their guidance for the 2nd half of the year. With the wet summer behind it and the better prospects next year, you will see growth in earnings resume next year. Dividend yield of 6.34%.


Price: $38.220
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: Yes
2015-08-28 COMMENT Amgen Inc.
AMGN-Q
John O'Connell, CFA

The healthcare sector in general is a good area to be in. He likes the strong cash flow metrics and the balance sheet. They have a good drug pipeline. Prefers Biogen (BIIB-Q) and Celgene (CELG-Q), which you may want to have a peek at.


Price: $155.890
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2015-08-28 COMMENT Bank of America
BAC-N
John O'Connell, CFA

Bank of America (BAC-N) or National Bank (NA-T)?  Buy National Bank. It has a much bigger dividend and trading at much lower multiples. The Cdn$ is cheap here, so why convert unless you have US$. If you do have US$, convert back to Cdn$ and put it into National Bank.


Price: $16.360
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2015-08-28 COMMENT BCE Inc.
BCE-T
Don Lato

This is a slow growth, regulated and changing business. Stock price has come down a little off its highs and is pretty reasonable value. A very, very nice dividend. On Dec 16, Pick and Pay kicks in, which might put some pressure on the revenue line. This is probably part of the decline we have seen over the last year or so. He would prefer Rogers (RCI.B-T).


Price: $53.330
Subject: NORTH AMERICAN
Bias: OPTIMISTIC
Owned: Unknown
2015-08-28 DON'T BUY Canadian Pacific Rail
CP-T
John O'Connell, CFA

There is a big drop in crude by rail. Thinks it is going to continue to be challenging for the next little while, because there are some refineries shutting down for regular maintenance. A very well-run company. The company has been buying back a lot of stock. This is so tied to the commodity cycle, coal and economic activity he just doesn’t think it is a kind of thing that you need to be involved in at this stage.


Price: $193.180
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
Showing 1 to 60 of 143,583 entries
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