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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
2015-04-20 N/A A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

US$. Where there are free-flowing currencies, and countries have to repay interest and the notional value of the bond in US dollars, it is going to be a lot more expensive for them. This will likely cause some credit stress over the next year or so. He is pretty sure the dollar is going to remain strong over the next year or so versus most currencies, specifically the euro and the yen. For the first time ever, Chinese estate values are going down. Money has been coming out of there to feed the stock market. Chinese mainland stocks have doubled over the last year or so, more importantly the last 6 months. Margin requirements were raised on Friday, but to combat that a shift in the reserve ratios to kind of neutralize things, the market seem to be a little positive this morning that there is no worsening in the Greek situation. Year-on-year earnings are declining, most of it, not all, is coming from the energy sector. He expects this for the next number of quarters.


Price: $0.020
Subject: STOCKS, BONDS & ETFs
Bias: UNKNOWN
Owned: _N/A
2015-04-20 COMMENT A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

Fixed Income Suggestions. There are a couple of things to consider. You have credit risks. Corporate bonds, with the worse quality of these being high-yield or junk bonds. You will get a much higher yield, but those correlate a lot more with equity returns than they do with bond returns in general. If you don’t want a lot of interest rate risks, then a short term, 1 to 5 year laddered bond portfolio. All of the providers have them. If you fear that credit might be a problem at some point, then you want something with a bit longer duration on the government side. If stocks fall, government bonds will tend to do well. Longer  maturities tend to do better than shorter ones when you have a flight to safety.


Price: $0.020
Subject: STOCKS, BONDS & ETFs
Bias: UNKNOWN
Owned: Unknown
2015-04-20 BUY A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

Gold. At $1150, he kind of likes some exposure to gold. If you are going to hold gold for a long period of time, you are probably better holding gold equities, as gold bullion yields nothing. If you are thinking about trading, ETF’s are fine for that. He would suggest 5% or 10% in your portfolio.


Price: $0.020
Subject: STOCKS, BONDS & ETFs
Bias: UNKNOWN
Owned: Unknown
2015-04-20 COMMENT A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

Natural gas ETF, based on an outlook prices will increase in 3-5 years. There are 2 ways to play this. In the US FCG-N is the large cap natural gas weighted ETF of the companies. You get a dividend on this. In Canada ZJN-T is the Junior natural gas weighted ETF. If you have a 3 to 5 year view, do not even remotely consider any ETF’s linked to the underlying commodity. The underlying NAV erosion, over a long period of time, could be toxic.


Price: $0.020
Subject: STOCKS, BONDS & ETFs
Bias: UNKNOWN
Owned: Unknown
2015-04-20 COMMENT A Comment -- General Comments From an Expert
A Commentary
Barry Schwartz

US currency and the US market? He wouldn’t put 100% of his clients’ money into the US, but currently is about 65% Canada and 35% US. The currency has worked in his favour recently, but that doesn’t mean it is going to continue to work in his favour. You have to own the best companies that you think are reasonable, cheap on valuation and are going to grow. Currency has a way of working itself out over the long-term. The companies he buys, he plans to own for 3 to 5 years or longer.


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: BEAR on ENERGY
Owned: _N/A
2015-04-20 N/A A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

Greece. We are now in Act III of the Greek tragedy. No one knows for sure how this is going to play out. For a German taxpayer, who has just had his retirement age raised to 67, to use his tax dollars for his government to fund Greece, where a guy there retires at 55, it doesn’t add up. Feels it ultimately comes apart, but the pride in Europe is really strong and they are going to try to keep it together. A chart showing capital outflows as a percentage of GDP in Greece shows the intensity in the last 6 months is far greater than in previous ones. People with money in the banks in Cyprus actually lost money on their deposits. This is why money is fleeing Greece. About a year ago, Greece was able to come back to the bond market and issue bonds. They issued a 3 year bond at 3.38 which is currently yielding 27%. That is pricing in over a 50% chance of default. The European bank Index is still 60% below its peak before the crisis of 2008-2009. We are back up to the levels where we had seen problems. The vast majority of European banks failed the stress tests. He doesn’t think a QE is going to help and fix this.


Price: $0.020
Subject: STOCKS, BONDS & ETFs
Bias: UNKNOWN
Owned: _N/A
2015-04-20 DON'T BUY A Comment -- General Comments From an Expert
A Commentary
Barry Schwartz

Energy. Has sold all his energy producers and is out of energy completely, except for Pembina Pipeline (PPL-T) and Keyera (KEY-T). Hasn’t made a lot of money on energy, even in good times. Prefers owning companies that have strong pricing power, have the ability to raise their prices, and the ability to raise and compound capital over time, in a more certain business environment.


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: BEAR on ENERGY
Owned: Yes
2015-04-20 N/A A Comment -- General Comments From an Expert
A Commentary
Barry Schwartz

Markets. 25% of the Canadian Index is tied to energy or energy related companies, as well as other related plays in the index. Not easy to get diversified, so he has gone outside of Canada to get exposure. The great companies have PEs priced at excessive levels, because there is nothing else to buy. When you gravitate to looking for non-commodity related companies, everybody else is looking for them too, so valuations are too high. Because of this, he is looking outside of Canada and has found a lot of good ideas in the US. US and Canadian financials look extremely cheap. Also, healthcare and US technology also look attractive.


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: BEAR on ENERGY
Owned: _N/A
2015-04-20 N/A A Comment -- General Comments From an Expert
A Commentary
Barry Schwartz

Currency hedging? His issue is that this is costly, and if you do it through a hedge product, it will eat into your fees or your dividend. Because of this, he doesn’t do it. He would be buying J.P. Morgan (JPM-N) or Goldman Sachs (GS-N).


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: BEAR on ENERGY
Owned: _N/A
2015-04-20 N/A A Comment -- General Comments From an Expert
A Commentary
Keith Richards

Markets. There is a greater than average probability of a correction this summer, probably 10%-20%, or probably a bit higher. There are a lot of different factors involved. First of all there are formations on the market. We have not had a 20% correction on the S&P 500 for literally for 4 years. Lack of volatility is not a great thing. He is also starting to see some of the secondary indicators that are showing that volatility might return. When levels of the VIX (volatility index) get too low, we tend to not stay there forever. His chart show that we have been hanging around in the low end (10 to 13) for a couple of years. This can’t last forever and he thinks we are probably going to see a move up. Looking at Breadth, it basically says how much participation there is in the stock market. He is looking at a 40 day moving average of the new highs and new lows on the NYSE. The chart shows stocks are moving up, but the moving average is heading down. 71% of Dumb Money (unsophisticated such as retail investors) is very bullish, versus 35%-36% of Smart Money (basically professionals, i.e. insiders, pension managers, sophisticated investors, etc.) A 2 to 1 ratio. Not such a great thing when Smart Money is leaving the room and Dumb Money is piling in.


Price: $0.020
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: _N/A
2015-04-20 TOP PICK Apple
AAPL-Q
Barry Schwartz

Good companies that have high ROE’s and generate lots of free cash flow with great branded products are going to grow. Thinks they are going to earn $8.40 this year and well over $9 next year. Add in the cash balance and trading at 10 or 11 times earnings, it may be the best company in the world. Dividend yield of 1.47%.


Price: $127.600
Subject: NORTH AMERICAN - LARGE
Bias: BEAR on ENERGY
Owned: Yes
2015-04-20 PAST TOP PICK American International Group
AIG-N
Barry Schwartz

(A Top Pick March 27/14. Up 18.08%.) One of the biggest insurance companies globally. Good management. Buying back stocks below Book Value. Still a Buy.


Price: $57.510
Subject: NORTH AMERICAN - LARGE
Bias: BEAR on ENERGY
Owned: Yes
2015-04-20 BUY on WEAKNESS Alimentation Couche-Tard (B)
ATD.B-T
Barry Schwartz

This has been an all-star performer and has been very successfully making lots of acquisitions. The valuation seems a little too rich. This is a company that you could probably buy on a pullback and hold in your portfolio for years and years to come.


Price: $48.150
Subject: NORTH AMERICAN - LARGE
Bias: BEAR on ENERGY
Owned: No
2015-04-20 WATCH Avigilon Corp
AVO-T
Keith Richards

It is a pretty wild and crazy chart. Some pretty major resistance on the stock at around $25, and thinks it is going to have some trouble getting through that figure for the time being. If he owned the stock, he would be very tempted to Sell it at $25.


Price: $21.930
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: Unknown
2015-04-20 BUY Progressive Waste Solutions Inc
BIN-T
Barry Schwartz

Just touched a multiyear high recently. Has been buying more of this today at around $34. They have added new trucks and are trying to increase the efficiency. He could see this as a Hold for many, many years.


Price: $34.630
Subject: NORTH AMERICAN - LARGE
Bias: BEAR on ENERGY
Owned: Yes
2015-04-20 COMMENT Bank of Montreal
BMO-T
Barry Schwartz

Royal (RY-T) or Bank of Montréal (BMO-T)? His 3 biggest holdings are National (NA-T), Toronto Dominion (TD-T) and Bank of Nova Scotia (BNS-T). On a valuation basis, the cheapest is National which is trading at 10X next year’s earnings. On this, pick 1 or 2 banks, and never sell them and then go from there.


Price: $79.770
Subject: NORTH AMERICAN - LARGE
Bias: BEAR on ENERGY
Owned: No
2015-04-20 BUY Berkshire Hathaway Inc. (B)
BRK.B-N
Barry Schwartz

A good entry point and he would be a buyer. Warren Buffett is the greatest capital allocator and one of the greatest investors. Looking at this for his clients. A wonderful company, and at some point are probably going to have to start a dividend.


Price: $142.090
Subject: NORTH AMERICAN - LARGE
Bias: BEAR on ENERGY
Owned: No
2015-04-20 COMMENT BTB Real Estate Investment Trust
BTB.UN-T
Keith Richards

The REIT group is a great sector to move into over the summer. This particular stock has been outperforming the group. It has broken its overhead resistance of just under $5 which that is a good sign. You are coming into an OK season to own any REIT, and this is probably a leader within the group.


Price: $5.130
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: Unknown
2015-04-20 TOP PICK CASH
CASH
Keith Richards

(A Top Pick March 11/15.) He is holding 32% in cash. He is trying to leg a little bit out of the US stocks, because he thinks the Cdn$ might rally $.02-$.04, but is actually bearish longer-term on the Cdn$.


Price: $0.010
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: Yes
2015-04-20 COMMENT CCL Industries (B)
CCL.B-T
Barry Schwartz

This is in the packaging business, which is a great business to be in. If you think the economy is going to continue to grow and more stuff is going to be shipped with Internet shopping, packaging is a good business to be in. (See Top Picks.)


Price: $145.850
Subject: NORTH AMERICAN - LARGE
Bias: BEAR on ENERGY
Owned: No
2015-04-20 TOP PICK Chemtrade Logisitics Inc.
CHE.UN-T
Keith Richards

Stock tends to trade between $19 and $22. It is at the top of its trading range, but thinks there is going to be more money rotating into it over the summer. Good dividend of around 5%. Low volatility.


Price: $22.030
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: Yes
2015-04-20 COMMENT Spectral Med Inc
EDT-T
Keith Richards

There is nothing more powerful than a base breakout, and this had one in February of this year. This one is on a trend line right now and there is absolutely nothing wrong with the chart.


Price: $1.120
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: Unknown
2015-04-20 BUY Empire Company (A)
EMP.A-T
Barry Schwartz

Good entry point. They own Crombie Real Estate Investment (CRR.UN-T) and a massive amount of real estate, which gives them some potential to drop-down some assets into Crombie. Thinks the NAV is somewhere in the area of $100 a share.


Price: $88.870
Subject: NORTH AMERICAN - LARGE
Bias: BEAR on ENERGY
Owned: Yes
2015-04-20 COMMENT Express Scripts Inc
ESRX-Q
Barry Schwartz

The only pure play pharmaceutical manager that is publicly traded. This is an industry that is an oligopoly and has pricing power.


Price: $85.780
Subject: NORTH AMERICAN - LARGE
Bias: BEAR on ENERGY
Owned: Yes
2015-04-20 WATCH First Quantum Minerals
FM-T
Keith Richards

The big picture cycle for commodities is relatively negative. However, there are countertrend things you can play. Chart shows this had a long downtrend from October/14, but now looks like it may be trying to base. If this breaks out around $17 with some volume and lasts for more than just a few days, it could be a sign of a decent rally, and you could see the stock return to the $20 area, maybe even into the mid-$20. He would not buy this until it broke out.


Price: $16.620
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: Unknown
2015-04-20 COMMENT Fortis Inc.
FTS-T
Keith Richards

This had been going sideways since 2011, and broke out in the middle of 2014. The recent pullback is probably inspired by overall market volatility. As long as it doesn’t crack the base breakout point of around $35, he would think the stock is in pretty healthy condition.


Price: $39.520
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: Unknown
2015-04-20 COMMENT Google
GOOGL-Q
Barry Schwartz

Trading at 13X ex-cash earnings next year, and is a pretty cheap price for a company that is growing twice or 3 times as fast as a regular S&P 500 company. What he doesn’t like is that they keep issuing a lot of options and not doing anything with the growing cash base. He would like to see them start buying back stock or start a dividend. (See Top Picks.)


Price: $544.530
Subject: NORTH AMERICAN - LARGE
Bias: BEAR on ENERGY
Owned: Unknown
2015-04-20 TOP PICK Intertape Polymer Group
ITP-T
Barry Schwartz

Manufactures tape. This is for the e-commerce revolution that is going on globally. They sell a lot of stuff to Amazon. First-quarter earnings are not going to be so hot because of people delaying orders looking to get tapes at cheaper prices. Their biggest input is oil (resin) where prices have plummeted. Increased its dividend by 50% giving it a yield of 3.56%. Balance sheet has improved and cash flow is gushing. He is buying all he can buy below $18.


Price: $17.190
Subject: NORTH AMERICAN - LARGE
Bias: BEAR on ENERGY
Owned: Yes
2015-04-20 HOLD Keyera Corp
KEY-T
Barry Schwartz

This is mostly fee-for-service in the energy industry. It doesn’t matter whether oil is $2 or $200, oil has to be moved. Had very good earnings. The valuation is heavy, so he is not buying at these levels.


Price: $44.890
Subject: NORTH AMERICAN - LARGE
Bias: BEAR on ENERGY
Owned: Yes
2015-04-20 COMMENT Coca-Cola Company
KO-N
Barry Schwartz

There are worse places to be than in this. Growth has slowed and there are not a lot of margins going forward, but they continue to increase the dividend and buy back shares, and probably 10 years from now it will be double from where it is today. 3.2% dividend yield.


Price: $40.660
Subject: NORTH AMERICAN - LARGE
Bias: BEAR on ENERGY
Owned: No
2015-04-20 COMMENT KP Tissue Inc
KPT-T
Barry Schwartz

Has been no oomph in the stock and has been disappointing to investors. Launched a new manufacturing facility to try and get more private label toilet paper and tissues into the US via Wal-Mart (WMT-N). They are slowly but surely filling the pipeline, and earnings are going to grow. Respectable dividend of 4.45%. Valuation is very attractive. He is hoping that 2016 is going to be the break out year for this. You are getting paid to wait.


Price: $16.180
Subject: NORTH AMERICAN - LARGE
Bias: BEAR on ENERGY
Owned: Yes
2015-04-20 PAST TOP PICK Morguard Corporation
MRC-T
Barry Schwartz

(A Top Pick March 27/14. Up 22.02%.) This company is really thoughtful when it comes to adding on real estate and paying reasonable prices. They take a very long term approach. They have a number of publicly listed companies. He could see them spinning off more assets over time. Feels it is worth $200. Still adding to his holdings.


Price: $154.720
Subject: NORTH AMERICAN - LARGE
Bias: BEAR on ENERGY
Owned: Yes
2015-04-20 COMMENT Metro Inc (A)
MRU-T
Barry Schwartz

A great company. Has owned this in the past, but he is an active manager and his clients pay him to pick the best companies, so he has stuck with Empire (EMP.A-T). The 3 grocery chains, including Loblaw’s (L-T) have all been great performers over the past couple of years. 1.2% dividend yield.


Price: $35.790
Subject: NORTH AMERICAN - LARGE
Bias: BEAR on ENERGY
Owned: No
2015-04-20 HOLD Nobilis Health Corp
NHC-T
Keith Richards

This has gone parabolic and has been a good stock to own. Probably due for a correction. If you own, you have to decide how much of a long-term investor you are. There is no overhead resistance to make this stock want to crash and burn any time soon. Until it takes out an old low, you have to stay with it.


Price: $10.050
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: No
2015-04-20 COMMENT Patient Home Monitoring
PHM-X
Keith Richards

Had a major break out in 2014, which is very bullish. This is called a parabolic movement, which is due for selloff. He would think it might pullback in the short term.


Price: $1.960
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: Unknown
2015-04-20 COMMENT Plaza Retail REIT
PLZ.UN-T
Keith Richards

Had a great break out in 2014. Chart shows an uptrend that actually began in Oct/14. You can’t really go wrong with this kind of formation. Currently there is a little bit of levelling off. The higher highs and higher lows seems to be in question right now as the last low has not been taken out. You just want to make sure that it does break out over the high ($4.60?) level. Overall, this is a good looking chart.


Price: $4.480
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: Unknown
2015-04-20 HOLD Pembina Pipeline Corp
PPL-T
Keith Richards

A pipeline. He sold this out of his equity platform. His equity platform objective is to outperform the stock market and he doesn’t think this is going to outperform the stock market. However, he still has it in income oriented accounts, because it pays about a 4% dividend and is a relatively stable stock. A well-run company. Probably doesn’t have a huge downside from current levels.


Price: $42.550
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: Yes
2015-04-20 PAST TOP PICK Restaurent Brands International
QSR-T
Barry Schwartz

(A Top Pick March 27/14. Up 65.01%.) Got a little cold feet and sold his holdings, probably a little too early.


Price: $46.670
Subject: NORTH AMERICAN - LARGE
Bias: BEAR on ENERGY
Owned: Unknown
2015-04-20 BUY Rogers Communcations (B)
RCI.B-T
Barry Schwartz

Nothing seems to be able to get the ball rolling on this. Valuation doesn’t make a lot of sense to him because earnings are growing and the subscriber base is growing. At 13X earnings, you are paying a lot more for BCE (BCE-T) and Telus (T-T). Have a lot of great assets inside the company that are not getting good value. Trading at 14 X forward earnings. 4.6% dividend yield.


Price: $41.860
Subject: NORTH AMERICAN - LARGE
Bias: BEAR on ENERGY
Owned: Unknown
2015-04-20 COMMENT Royal Bank
RY-T
Barry Schwartz

Royal (RY-T) or Bank of Montréal (BMO-T)? His 3 biggest holdings are National (NA-T), Toronto Dominion (TD-T) and Bank of Nova Scotia (BNS-T). On a valuation basis, the cheapest is National which is trading at 10X next year’s earnings. On this, pick 1 or 2 banks, and never sell them and then go from there.


Price: $81.270
Subject: NORTH AMERICAN - LARGE
Bias: BEAR on ENERGY
Owned: Yes
2015-04-20 COMMENT TheScore Inc.
SCR-X
Keith Richards

Chart shows a fair amount of volatility, but it is OK volatility. The basics are there. You are getting your stepladder higher highs and higher lows. Feels the last run it had over the past 6 weeks has been a little bit steeper than usual, so it might be due for a pullback. Your lows and highs are higher and the overall trend is in great shape. If you have a perspective that is a little bit longer than a week, you are probably going to do okay on this.


Price: $0.890
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: Unknown
2015-04-20 DON'T BUY Suncor Energy Inc
SU-T
Barry Schwartz

Great company and smart management. The problem he has is that no matter what management does or what great assets they have, they can’t control the price of oil. If oil sticks at around $50-$60 next year, it is going to be a rough time for the company. Earnings are going to be out soon and he expects him to be atrocious. Doesn’t think the dividend is in jeopardy or that the balance sheet is in trouble.


Price: $40.270
Subject: NORTH AMERICAN - LARGE
Bias: BEAR on ENERGY
Owned: No
2015-04-20 COMMENT Sandvine Corp.
SVC-T
Keith Richards

This has a relatively volatile chart pattern, but had an interesting little bottom last fall, a bit of a head and shoulders. It broke out and has been moving in a greater uptrend, but chart shows a lot of volatility. For a long term investor, if you are long the stock, he would stay with the story even though it is probably due for a pullback.


Price: $4.150
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: Unknown
2015-04-20 COMMENT Tahoe Resources
THO-T
Keith Richards

Silver. He does not like commodities. Chart shows a long downtrend which might be breaking. It is probably a little early to tell. There were some higher lows, but there is a succession of lower highs. If it can break up through that gently sloping downtrend, it might be in for a bit of a run into the $20 area. He would like to see it break first.


Price: $14.510
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: Unknown
2015-04-20 DON'T BUY VelocityShares 3x Long Crude ETN linked to the S&P GSC
UWTI-N
Keith Richards

The problem with leveraged ETF’s is that they are actually reset every day. If the stock market moved up and down 10% every day, and a $10 share went up 3 times in a single day, it means it went up 30% and your $10 turns into $13. Next day it falls 10%. That means your $13 times 10% times 3 is going to fall to something like $9.60. The next day it goes back up 10%, but you are only at about $11.50. Your big swings by the day, because of re-balancing, are all over the map.


Price: $3.410
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: No
2015-04-20 BUY on WEAKNESS Visa Inc.
V-N
Barry Schwartz

This business is on fire. More and more people every day are using credit cards as opposed to cash. This quarter probably won’t be so hot because of currency translations. Great business. He wouldn’t be aggressively adding to holdings but would buy on pullbacks. Likes this better than MasterCard (MA-N).


Price: $64.720
Subject: NORTH AMERICAN - LARGE
Bias: BEAR on ENERGY
Owned: Yes
2015-04-20 BUY Whistler Blackcomb Holdings
WB-T
Barry Schwartz

Whistler didn’t get a lot of snow this year, which can be a problem when running a ski lift operation. This is 2 years in a row. These are world class operators with a terrific asset. No one can predict what is going to happen with weather. Thinks earnings this year are going to be a little bit better than last year, so there is no cause for concern. The dividend is not in peril whatsoever. At anywhere under $19, he has been buying and adding. Not cheap at 27X forward earnings. 5.4% dividend yield.


Price: $18.150
Subject: NORTH AMERICAN - LARGE
Bias: BEAR on ENERGY
Owned: Yes
2015-04-20 WATCH Westjet Airlines
WJA-T
Keith Richards

This is a good example of one of those stocks that, despite the stock market moving up or at least sideways, it is rounding over. It is just starting to play its $27 support level. It has been over a few times in the past year. If it broke down through that $27 level, he would exit. If it holds, it might be okay. Starting to look a little weak.


Price: $27.080
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: Unknown
2015-04-20 COMMENT Wal-Mart Stores Inc.
WMT-N
Barry Schwartz

Great company. They keep buying back stock, which has pushed the insiders back up to a level they are not comfortable with, causing them to sell some of their shares. This is one that he always looks at, but always seems to miss it. Not sure that he would buy this at the current price.


Price: $78.140
Subject: NORTH AMERICAN - LARGE
Bias: BEAR on ENERGY
Owned: No
2015-04-20 TOP PICK TSX Group
X-T
Barry Schwartz

The 1st quarter has not been great in terms of trading, but this is not just a trading company. There are listing fees, advisory fees, and technology fees. Listing fees have been huge recently because there have been a lot of preferred shares and secondary offerings for oil and gas companies that need the money. He is hopeful that there will be more IPOs. Trading at around 12 or 13 times next year’s earnings. Dividend yield of 3.04%, which is the highest dividend yield relative to its US peers.


Price: $53.080
Subject: NORTH AMERICAN - LARGE
Bias: BEAR on ENERGY
Owned: Yes
2015-04-20 TOP PICK SPDR Consumer Staples ETF
XLP-N
Keith Richards

He is trying to hold lower beta stocks which is a great sector to move into, because it can be a lot more stable. Sometimes these lower beta stocks will actually thrive in a somewhat bearish environment. This one has been trending sideways. You are going to see a rotation where the staples start to move up over the next couple of months and discretionaries are going to start to slow down a bit. (See Past Picks.)


Price: $49.230
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: No
2015-04-20 PAST TOP PICK SPDR Cons Discretionary ETF
XLY-N
Keith Richards

(A Top Pick March 11/15. Up 2.70%.) This is an annual situation where he buys at a certain time and sells at a certain time. He does a rotation between consumer discretionary and consumer staples every year. Basically the idea is that staples are lower volatility beta stocks. You want to own those when markets get a little bit shaky. (See Top Picks.)


Price: $76.060
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: Yes
2015-04-20 COMMENT BMO US Dividend ETF
ZDY-T
Larry Berman CFA, CMT, CTA

This is a smart Index where they take the Russell 1000, top 100 quality US stocks on a dividend basis equal weighted. A dividend payer of around 3% in the US. It is going to trade very similar to what the S&P 500 does to the Dow. Wouldn’t be surprised if we end of the year at 2100, right about where we are now. If it is sideways, and maybe a little lower, you want to have more focus on dividends in your portfolio, because it is a bit more defensive way of playing the market. A complement to that could be the Dow with a covered call, which would hedge your currency.


Price: $22.590
Subject: STOCKS, BONDS & ETFs
Bias: UNKNOWN
Owned: Unknown
2015-04-20 PAST TOP PICK BMO India Equity Hedged to CAD ETF
ZID-T
Keith Richards

(A Top Pick March 11/15. Down 9.36%.) This has been a little soft over the past month, but he has owned this along with an individual Indian stock for the past year. Generally speaking the government is pretty supportive of the economy and the stock market. He also likes the formation. This is in a long-term uptrend, and he views a recent pullback is a buying opportunity. The 200 day moving average has not been cracked.


Price: $18.400
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: Yes
2015-04-20 COMMENT BMO S&P/TSX Laddered Preferred
ZPR-T
Larry Berman CFA, CMT, CTA

These reset preferreds are linked to the 5 year bond. So when the reset provisions come into play, if the bond yield is much lower, then the new coupon payment is going to be a lot less on the preferreds. They are more linked to fixed income than they are to equities. So if equity markets fall 10% on a correction, preferreds might fall 1%-2%, or sometimes they might go up depending on what is happening to interest rates at the time. They are a good diversifier because of this to get yield. He uses it by increasing his preferred exposure versus common. For example ZDV-T is the way to play high dividends in the Canadian market, which is 50 of the best dividend payers. When he fears the risk on the common shares, he wants a little more exposure to ZPR and when he feels the outlook is more for growth, he wants more ZDV. Meanwhile they both yield him more than 4% and it is a nice way to get Canadian tax efficient dividends in your taxable portfolio.


Price: $12.040
Subject: STOCKS, BONDS & ETFs
Bias: UNKNOWN
Owned: Unknown
2015-04-20 COMMENT BMO Covered Call Cdn Banks ETF
ZWB-T
Keith Richards

Banks as a group move together. There is going to be a correction on the market and we have already seen weakness in the banks because of their exposure to the oil sector. However, banks are one sector that you can own for a while. It could pull back, but if you are a longer-term investor, he doesn’t know if you should be panicking.


Price: $16.990
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: Unknown
2015-04-17 PAST TOP PICK Tsingtao Brewery Co.
0168-HK
Norman Levine

(A Top Pick May 2/14. Down 8.17%.) A brewery in China, and one of the largest globally. Owns this as a play on growing domestic consumption in China and ongoing urbanization. Still likes this and its outlook.


Price: $0.000
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: Yes
2015-04-17 N/A A Comment -- General Comments From an Expert
A Commentary
Norman Levine

Economy.  He is waiting for rising interest rates in the US and everywhere. What is fuelling the stock market is what he would call just free money. Worldwide investors have been pouring money into equities, because fixed income is either providing very little or nothing. Large US multinational companies are being hit with currency issues because of the strong US$. Has been scaling back his exposure to equities, as he has found it much easier to Sell than to Buy. Hasn’t been adding anything in the multinational area, but has doubled his position in 3 banks, 2 US and one Canadian. For the most part they don’t have the exposure. Also, valuations are much, much more reasonable than multinational companies, especially consumer stocks.


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: _N/A
2015-04-17 DON'T BUY Alcoa
AA-N
Norman Levine

Not a fan of most commodities. We still have longer to wait. Commodity cycles are very long, and we are in about a year 4 or 5 of the latest downtrend. One thing that bothers him is that China is a net producer of aluminum, not an importer.


Price: $13.460
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: No
2015-04-17 BUY on WEAKNESS Apple
AAPL-Q
Norman Levine

Because the market has been so frothy, based on the free money, he would wait for a pullback in this as well as in most stocks.


Price: $124.750
Subject: NORTH AMERICAN - LARGE
Bias: CAUTIOUS
Owned: Unknown
Showing 1 to 60 of 139,144 entries
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