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

Recent Opinions

Date Signal Company Expert Opinion Price
2014-09-29 TOP PICK Tsingtao Brewery Co.
0168-HK
Norman Levine

Chinese stock that also trades on the pink sheets in the US.  It is out of favour because of slow growth and the democracy movement in Hong Kong.  More and more people in China will be drinking beer.  Has a bit of yield that grows as well.


Price: $0.000
Subject: NORTH AMERICAN - LARGE
Bias: BEARISH
Owned: Yes
2014-09-29 TOP PICK Hengan International (HEGIY.PK)
1044-HK
Norman Levine

Napkin/tissue business.  As people move to Chinese cities, they start using these products.  This one is out of favour, but there is growth.


Price: $0.000
Subject: NORTH AMERICAN - LARGE
Bias: BEARISH
Owned: Yes
2014-09-29 N/A A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

Markets.  Sell off in Hong Kong weighs on other world markets.  They hear news, sell and ask questions later.  Last week had the biggest tick in volatility this year.  But September is the worst month seasonally.  The Russell is Down, but the S&P is up so money is rotating into the large caps.  The longer term things are starting to rebalance their portfolios.  July had the lowest VIX of the year, but it spiked recently.  20% of US citizens are on food stamps, so the economy is not fixed.  He thinks if the Fed were to try to raise interest rates next year the economy could collapse.  The unemployment rate has come down because people drop out of the work force.  Jobs are almost all in the fracking process.  The employment rate has gone up proportionate to the population growth.  You should rebalance into something that allows to still sleep at night. 


Price: $0.020
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: _N/A
2014-09-29 WAIT A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

REITs.  A great place for dividends.  They are linked to interest rate sensitivity.  If the risk of trade is there, everything interest rate sensitive will come off.  Thinks there is a 5-7% downside before the next area of support.  Prefers preferreds.


Price: $0.020
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Unknown
2014-09-29 N/A A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

Canadian Dollar.  Caller says gov’t wants it to drop to $0.85.  The government does not have a policy of having a weaker dollar.  He thinks the dollar will in fact get weaker.  He suggests buying a money market ETF to play this.  You could buy anything with very low volatility and hold it in US$.


Price: $0.020
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: _N/A
2014-09-29 WATCH A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

Gold vs Oil as an investment for 3 to 4 months.    He does not know if one is better than the other and you have to be diversified.  Get into the gold sector at an $1175 gold price.  If crude oil futures drop below $90 and we get another 5% down on the energy sector, then that is when you want to step in there.  He likes both sectors.


Price: $0.020
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Unknown
2014-09-29 N/A A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

Educational Segment.  Sleep at Night Factor.  You need to take the risk down at times, but if you go to cash and markets go up then you miss out.  He wants to take money out of the banking sector and get it into the energy sector and get the same dividend yield.


Price: $0.020
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: _N/A
2014-09-29 N/A A Comment -- General Comments From an Expert
A Commentary
Norman Levine

Markets.  He is looking for a good correction.  He would be happy with a 10% correction.  Valuations were getting out of whack.  He could not find anything in North America he wanted to buy.  There had been internal corrections going on in small and mid caps.  In the US an equal weighted index had been declining before the S&P.  Now the whole market is correcting.  A correction can take 6 to 10 weeks so it could keep going.  This correction is based on valuation, rather than on anything bad.


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: BEARISH
Owned: _N/A
2014-09-29 N/A A Comment -- General Comments From an Expert
A Commentary
Patrick Horan

Markets.  He is seeing buying opportunities now in small cap growth.  This is where the market has left behind these.  Some are 2012 stories and the market doesn’t want anything to do with them.  The industrial exporters should be benefiting from a weakening Canadian dollar.  Today he noticed the VIX spiking at 16-17.  Every time it hits the 200 week average it usually falls and this time it kept going and the markets rallied off it.  Thinks there are people that are off side and are willing to plug their nose and get in.  Seasonally this is the best time to be in stocks.  This is the best time to get in, typically.  After the first two weeks in October you usually get the best returns.  He sticks to Canada for small caps because he knows management teams better.  Investors still need to be careful this time of year.  If we do rally from here it will not be a repeat rally of what we saw from the beginning of the year.  We saw strong commodity prices and falling interest rates.  Interest rates have now bottomed and commodity prices have fallen so this is a different playbook.  He recommends non-commodity, industrials, technology and anything that benefits from a strong US dollar revenue base and a weak Canadian dollar expense base.  Stay away from consumer, and commodities in Canada.


Price: $0.020
Subject: NORTH AMERICAN
Bias: SELECTIVELY BULLISH
Owned: _N/A
2014-09-29 DON'T BUY Apple
AAPL-Q
Norman Levine

Steve Jobs was the heart and soul so when he died it did not remain the same company.


Price: $100.110
Subject: NORTH AMERICAN - LARGE
Bias: BEARISH
Owned: No
2014-09-29 DON'T BUY Apple
AAPL-Q
Patrick Horan

Double Dutch Irish tax scheme.  It allows them to shelter their revenues through Ireland.  If the worst came to the worst they might have to restructure.  He would not get too shaken out on the stock based on this.  His problem is that most of their business is the iPhone.  It is very fat for them.  He does not see them growing around the world from here.  He also sees competition from guys with razor thin margins.  Everything they are doing speaks for consumerism and not technology.  If they continue to raise their dividend the stock could still work.


Price: $100.110
Subject: NORTH AMERICAN
Bias: SELECTIVELY BULLISH
Owned: Unknown
2014-09-29 PAST TOP PICK TD Ameritrade Holding
AMTD-N
Patrick Horan

(Top Pick Oct 1/13, Up 30.04%) He is back into it.  It is one of the larger positions.  He got out last February and then got back in. 


Price: $33.430
Subject: NORTH AMERICAN
Bias: SELECTIVELY BULLISH
Owned: Yes
2014-09-29 TOP PICK Avigilon Corp
AVO-T
Patrick Horan

Still growing between 30-50% on the top line.  They have more organic growth than he usually sees in the Canadian space.  You are getting it really cheap here. 


Price: $17.890
Subject: NORTH AMERICAN
Bias: SELECTIVELY BULLISH
Owned: Yes
2014-09-29 DON'T BUY Bank of America
BAC-N
Norman Levine

He is much more positive on US banks than Canadian.  It is a fine bank, but has a securities division and he is not big on those.  The SEC is looking into a possible misstatement of the amount of capital that they have.


Price: $17.010
Subject: NORTH AMERICAN - LARGE
Bias: BEARISH
Owned: No
2014-09-29 PAST TOP PICK Bombardier Inc (B)
BBD.B-T
Patrick Horan

(Top Pick Oct 1/13, Down 20.55%) He got out in January.  It was when management pushed out the ‘C’ series again.  If you own it then stick with it because he is looking at buying it again.  Has a sense that there is clear sailing on the ‘C’ series from here.  Thinks the stock will have a multiple expansion when ‘C’ series is done.


Price: $3.740
Subject: NORTH AMERICAN
Bias: SELECTIVELY BULLISH
Owned: No
2014-09-29 TOP PICK BCE Inc.
BCE-T
Norman Levine

A defensive stock in a declining market and should hold up well here.  5%+ yield that grows on a regular basis.  BA-T being taken on will sustain their cash flow.  It is a good time to own this one.


Price: $48.430
Subject: NORTH AMERICAN - LARGE
Bias: BEARISH
Owned: Yes
2014-09-29 PAST TOP PICK Bank of Nova Scotia
BNS-T
Norman Levine

(Top Pick Sep 3/13, Up 22.49%) The only Canadian bank he owns.  Would rather own other things outside of Canada.  BNS-T has the most outside of Canada and that is why he owns it.


Price: $69.180
Subject: NORTH AMERICAN - LARGE
Bias: BEARISH
Owned: Yes
2014-09-29 DON'T BUY Bank of Nova Scotia
BNS-T
Patrick Horan

He is not positive on Canadian banks in general and this one in particular.  The problem is that in Canada we went through a mild recession in 2008 and so the consumer has been on this wave of spending and a wealth effect to their portfolio.  The debt to income level is now about 160% and that is frightening.  You need to proceed with a lot of caution.  He prefers US banks.  40% of BNS is international, but it is more toward South America and emerging markets and he is not that positive on that space either.


Price: $69.180
Subject: NORTH AMERICAN
Bias: SELECTIVELY BULLISH
Owned: No
2014-09-29 SELL B2Gold Corp.
BTO-T
Norman Levine

See comments today on YRI-T which are magnified for this one.  He would run from this one, not walk.


Price: $2.290
Subject: NORTH AMERICAN - LARGE
Bias: BEARISH
Owned: Unknown
2014-09-29 SELL CAE Inc
CAE-T
Norman Levine

(Market Call Minute) It’s promising, but never comes through.


Price: $13.360
Subject: NORTH AMERICAN - LARGE
Bias: BEARISH
Owned: Unknown
2014-09-29 BUY CAE Inc
CAE-T
Patrick Horan

Likes it.  They have a very good business model that will work really well in the current environment.  Simulators.  There is a very good aerospace cycle going on.  This should propel them to do a lot better here.  It is a perfect setup here.  Management has a new sense of religion about returning capital to shareholders through dividends.  It is a good deal at these levels.  Hang in for a couple of years.


Price: $13.360
Subject: NORTH AMERICAN
Bias: SELECTIVELY BULLISH
Owned: No
2014-09-29 DON'T BUY Canadian Imperial Bank of Commerce
CM-T
Norman Levine

(Market Call Minute) It is the most domestic of the banks and he is down on domestic banking.


Price: $100.400
Subject: NORTH AMERICAN - LARGE
Bias: BEARISH
Owned: Unknown
2014-09-29 BUY on WEAKNESS Crescent Point Energy Corp
CPG-T
Larry Berman CFA, CMT, CTA

Fine company and good dividend payer.  We had this correction.  You have a head and shoulders developing right now.  He thinks it might go a dollar lower before turning around. 


Price: $40.340
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Unknown
2014-09-29 HOLD Crescent Point Energy Corp
CPG-T
Norman Levine

Holds it for income clients.  The dividend is healthy and safe.  The price of oil is vulnerable so it is just a hold here.  He is not a fan of the fact that they are a serial acquirer and issuer of stock.  They took a break in that and so now feels better about it.


Price: $40.340
Subject: NORTH AMERICAN - LARGE
Bias: BEARISH
Owned: Yes
2014-09-29 BUY Cisco
CSCO-Q
Patrick Horan

Has been a company that has woken up to the fact that they are no longer a growth company.  They will grow in line with GDP growth.  They transformed the business model to a slower growth model so more cash comes to the surface. 


Price: $25.120
Subject: NORTH AMERICAN
Bias: SELECTIVELY BULLISH
Owned: Unknown
2014-09-29 BUY Corby Spirit and Wine (A)
CSW.A-T
Norman Levine

Always favourable toward the ‘sin’ stocks.  A good company, a defensive stock.  It grows and the dividend is safe.


Price: $20.840
Subject: NORTH AMERICAN - LARGE
Bias: BEARISH
Owned: No
2014-09-29 DON'T BUY Dean Foods
DF-N
Norman Levine

(Market Call Minute) They spun out the growth part.


Price: $13.170
Subject: NORTH AMERICAN - LARGE
Bias: BEARISH
Owned: Unknown
2014-09-29 BUY DHX Media
DHX-T
Patrick Horan

Management knows the space very well and are going around the broadcasters and getting advertising revenue.  Good business model and unique in Canada, capturing revenues outside of Canada.


Price: $8.580
Subject: NORTH AMERICAN
Bias: SELECTIVELY BULLISH
Owned: Unknown
2014-09-29 BUY Walt Disney
DIS-N
Patrick Horan

He has Comcast (CMCSA-O).  They are all good companies.  He likes DIS-N.  They suffer from ABC network a bit, but their position in live sports is fantastic.  DIS-N is a little richer in content than the other providers.


Price: $88.830
Subject: NORTH AMERICAN
Bias: SELECTIVELY BULLISH
Owned: No
2014-09-29 DON'T BUY Encana Corp
ECA-T
Norman Levine

They are buying an American oil company that is big in liquids.  They had previously been talked out of LNG and now they are back into it.  This is a sign of a poorly managed company.  Prefers SU-T.


Price: $24.060
Subject: NORTH AMERICAN - LARGE
Bias: BEARISH
Owned: Unknown
2014-09-29 DON'T BUY Empire Company (A)
EMP.A-T
Norman Levine

Not a big fan of food retailers because there is just too much competition in food retailing.  Wal-Mart is continuing to expand and then there is Target.  L-T with the acquisition of Shoppers is the only one he would consider.


Price: $76.770
Subject: NORTH AMERICAN - LARGE
Bias: BEARISH
Owned: Unknown
2014-09-29 STRONG BUY Essential Energy Services Ltd.
ESN-T
Norman Levine

Considered it as a top pick today.  It was hurt by bad weather.  Thinks it will be pretty good for the rest of the year.  Good balance sheet and safe dividend. 


Price: $2.480
Subject: NORTH AMERICAN - LARGE
Bias: BEARISH
Owned: Yes
2014-09-29 HOLD Eaton Corp.
ETN-N
Patrick Horan

They are into heavy trucks.  It is a capital intensive space.  He would stick with it.  There are lots of good industrials in Canada, but in terms of US industrials it is a pretty good company. 


Price: $64.690
Subject: NORTH AMERICAN
Bias: SELECTIVELY BULLISH
Owned: Unknown
2014-09-29 DON'T BUY Fluor Corp.
FLR-N
Norman Levine

Is generally in favour of engineering stocks because the world is way behind on infrastructure.  Prefers SNC-T as the stock turns around.


Price: $67.370
Subject: NORTH AMERICAN - LARGE
Bias: BEARISH
Owned: Unknown
2014-09-29 PAST TOP PICK Corning Inc
GLW-N
Norman Levine

(Top Pick Sep 3/13, Up 43.66%) Gorilla glass is only one part. They are big in fiber optics.  LCD screens are doing well again as they don’t last as long as the old fashion ones did.  Dividend grew 3 times in the last year.


Price: $19.550
Subject: NORTH AMERICAN - LARGE
Bias: BEARISH
Owned: Yes
2014-09-29 BUY Google
GOOGL-Q
Patrick Horan

One of the better large cap tech companies you can own.  Very innovative suite of products.  Always thinking about trying to do something new.  The problem he sees is that search has been displaced by banners.  Social media has come on and moved into their space and taken advertising dollars away.  He likes their business model, but it may not be the go-go stock it once was.  You will get better than average growth and you are not paying a lot for it.


Price: $587.810
Subject: NORTH AMERICAN
Bias: SELECTIVELY BULLISH
Owned: Unknown
2014-09-29 BUY Glaxosmithkline PLC
GSK-N
Patrick Horan

He likes the space.  It is a growth industry and has been growing well.  You are starting to see new drug development.  Pharmas have their expenses under control.  If you have a couple of pharmas then stick with them.  This is a very good name.  XPH-N is an ETF in this space you could use instead.


Price: $46.290
Subject: NORTH AMERICAN
Bias: SELECTIVELY BULLISH
Owned: No
2014-09-29 TOP PICK IGM Financial Inc.
IGM-T
Patrick Horan

Attractive 4.5% dividend yield.  Business model has fat margins.  It came from 20% overvalued to 5% undervalued.  There is concern there will be a dramatic change once they reformat their statements. 


Price: $48.450
Subject: NORTH AMERICAN
Bias: SELECTIVELY BULLISH
Owned: Yes
2014-09-29 TOP PICK JP Morgan Chase & Co
JPM-N
Patrick Horan

Positive M&A cycle, positive capital markets cycle.  Companies are trying to transform themselves through the investment banking side using high yield and equity markets to do it.  These guys are well placed to do it.  It is not very expensive.


Price: $60.330
Subject: NORTH AMERICAN
Bias: SELECTIVELY BULLISH
Owned: Yes
2014-09-29 HOLD Keyera Corp
KEY-T
Norman Levine

Has gone down so much because of the quest for yield causing it to get overdone.  The dividend is safe and will probably continue to grow.  Don’t buy it here.


Price: $88.710
Subject: NORTH AMERICAN - LARGE
Bias: BEARISH
Owned: Unknown
2014-09-29 BUY Magellan Aerospa
MAL-T
Patrick Horan

He likes it and has recommended it on BNN.  The multiple has not yet caught up to how good the story is.  It is growing its earnings at about 15%.  Canadian dollar revenues and US$ expenses with margin expansion and they are delevering their balance sheet.  Thinks you will see better dividends, share buybacks and growth next year as well as a multiple expansion.


Price: $11.480
Subject: NORTH AMERICAN
Bias: SELECTIVELY BULLISH
Owned: Yes
2014-09-29 DON'T BUY Manitoba Telecom Services
MBT-T
Norman Levine

It is a potential takeover target, but he does not buy a stock just because of that. They have been trying to sell Allstream for years.  BCE-T or even T-T would be preferred.


Price: $29.230
Subject: NORTH AMERICAN - LARGE
Bias: BEARISH
Owned: No
2014-09-29 DON'T BUY Manulife Financial
MFC-T
Norman Levine

Would prefer SLF-T.  This one was over leveraged at the wrong time toward stocks in 2007/8.  They are now deleveraging themselves against interest rates at the wrong time.


Price: $21.630
Subject: NORTH AMERICAN - LARGE
Bias: BEARISH
Owned: Unknown
2014-09-29 DON'T BUY Magna Int'l. (A)
MG-T
Norman Levine

The outlook for auto sales is good.  The stocks were priced for perfection and are now leading the market down.  Wait until it bottoms.  Take some profits if you are short term.


Price: $110.140
Subject: NORTH AMERICAN - LARGE
Bias: BEARISH
Owned: Unknown
2014-09-29 BUY Micron Technology
MU-Q
Patrick Horan

Earnings out last week were good and they beat nicely.  This is a stock you want to put away for a couple of years.  It had a nice recovery.  The memory space had a wave of consolidation so there are not many players left and there is a return to the PC cycle.  Computers are more intense users of memory than cell phones and tablets.  They have great margins and good revenue momentum.  A very good space.


Price: $34.500
Subject: NORTH AMERICAN
Bias: SELECTIVELY BULLISH
Owned: No
2014-09-29 DON'T BUY Norbord Inc.
NBD-T
Norman Levine

(Market Call Minute) Prefers Lumber stocks.


Price: $23.250
Subject: NORTH AMERICAN - LARGE
Bias: BEARISH
Owned: Unknown
2014-09-29 PAST TOP PICK Northern Property REIT
NPR.UN-T
Norman Levine

(Top Pick Sep 3/13, Up 12.04%) Trades at a discount to others and payout ratio is low.  They sold their seniors residence business.  Still likes it.


Price: $28.050
Subject: NORTH AMERICAN - LARGE
Bias: BEARISH
Owned: Yes
2014-09-29 HOLD Pfizer Inc
PFE-N
Norman Levine

He is not in love with them.  He likes the research pipeline.  He may liquidate it down the road.


Price: $29.770
Subject: NORTH AMERICAN - LARGE
Bias: BEARISH
Owned: Yes
2014-09-29 BUY Power Corp
POW-T
Patrick Horan

Great West Life and Investors Group are the two main assets of Power Corp and Power Financial. He likes both.  15-20% of POW-T’s assets are different than PWF-T’s.  Likes both of them.  POW-T is perhaps a little more diversified.  They have a very good dividend that is very defendable.  They both trade at a discount to NAV.  For a long term hold, this is a great stock to just clip the coupon and it should grow 5-8% in terms of earnings growth.


Price: $30.990
Subject: NORTH AMERICAN
Bias: SELECTIVELY BULLISH
Owned: Unknown
2014-09-29 WEAK BUY Suncor Energy Inc
SU-T
Norman Levine

This is his remaining exposure to oil sands.  As much as environmentalists are trying to shut down additional pipeline, he feels oil will go out via other means.  Don’t have a huge position.


Price: $40.230
Subject: NORTH AMERICAN - LARGE
Bias: BEARISH
Owned: Yes
2014-09-29 PAST TOP PICK Sandvine Corp.
SVC-T
Patrick Horan

(Top Pick Oct 1/13, Up 31.48%) They had a pre-announcement earlier this year and the market did not take kindly to it.  The space has been very difficult.  He bought more of it last week.  Stick with it.


Price: $2.840
Subject: NORTH AMERICAN
Bias: SELECTIVELY BULLISH
Owned: Yes
2014-09-29 SELL Transalta Corp
TA-T
Norman Levine

People own utility stocks because they are safe and defensive.  This one is the opposite.  It is a troubled utility stock where the dividend has been cut and may get so again.  The balance sheet is not good and may get downgraded by ratings agencies.


Price: $11.730
Subject: NORTH AMERICAN - LARGE
Bias: BEARISH
Owned: Unknown
2014-09-29 HOLD Teck Resources Ltd. (B)
TCK.B-T
Norman Levine

A lot of insider buying recently.  It has not been a winner for him yet.  He was attracted because the balance sheet seemed pretty stable and the dividend safe.  Their main products longer term were positive.  In the near term commodities seem to be going down as the US$ goes up.


Price: $21.080
Subject: NORTH AMERICAN - LARGE
Bias: BEARISH
Owned: Yes
2014-09-29 HOLD Tricon Capital Group
TCN-T
Patrick Horan

Real estate company but holding it in Texas.  Do a pretty good job of investing mostly in the US.  It is a pretty good place to invest.  You should hold this one.  If it fell off it would be a pretty good stock to buy.


Price: $7.600
Subject: NORTH AMERICAN
Bias: SELECTIVELY BULLISH
Owned: No
2014-09-29 WEAK BUY Toronto Dominion
TD-T
Norman Levine

If he was going to own a bank other than BNS-T in Canada, it would probably be this one, but he would prefer to go to the US and get one there directly.  This one is fine if you are a longer term investor.


Price: $54.910
Subject: NORTH AMERICAN - LARGE
Bias: BEARISH
Owned: No
2014-09-29 BUY on WEAKNESS Trinidad Drilling Ltd
TDG-T
Larry Berman CFA, CMT, CTA

The energy sector looks to be of value right now relative to the other sectors on the TSX.  There may be a little more downside.  This one is interesting to him and it is a fine company. 


Price: $8.590
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Unknown
2014-09-29 WAIT Tesla Motors Inc
TSLA-Q
Larry Berman CFA, CMT, CTA

Time will tell if this is affordable for the masses.  If they could come down to $50k for the price of their vehicles, then it would appeal to the masses.  In 20 years the world will look a lot different in terms of cars.  The stock will have to go down another 10% still.


Price: $245.260
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Unknown
2014-09-29 DON'T BUY Tesla Motors Inc
TSLA-Q
Norman Levine

He could not look at this one because it does not earn any money.  It is a headline and momentum stock.  There is no way a value investor could consider owning this one.


Price: $245.260
Subject: NORTH AMERICAN - LARGE
Bias: BEARISH
Owned: Unknown
2014-09-29 DON'T BUY Vale S.A.
VALE-N
Norman Levine

(Market Call Minute) Iron ore prices are down and he is uncertain what is going on with the Brazilian government.


Price: $10.870
Subject: NORTH AMERICAN - LARGE
Bias: BEARISH
Owned: Unknown
2014-09-29 BUY Vecima Networks Inc.
VCM-T
Patrick Horan

Used to own it.  A very well run Canadian tech company that are leaders in their space.  Allow multiplexing of cable networks into hotels and apartment buildings and the only ones who do this technology really well.  They have a good grasp of their costs.  Expects it to be eventually be sold.  You can own it here.


Price: $8.200
Subject: NORTH AMERICAN
Bias: SELECTIVELY BULLISH
Owned: No
2014-09-29 HOLD Vermilion Energy Inc
VET-T
Norman Levine

Fabulous performer until recently.  He has lightened his exposure to oil and gas stock.  The price of oil is vulnerable here.  Hold it if you have made a lot of money, but don’t add or buy.  Thinks oil should be driven down to reduce funds available for terrorists.


Price: $67.690
Subject: NORTH AMERICAN - LARGE
Bias: BEARISH
Owned: Yes
2014-09-29 BUY Wells Fargo
WFC-N
Norman Levine

Well run bank that did not get into any trouble.


Price: $51.690
Subject: NORTH AMERICAN - LARGE
Bias: BEARISH
Owned: Unknown
2014-09-29 BUY Wright Medical Group Inc
WMGI-Q
Norman Levine

Body parts.  A turnaround situation.  They are a leader in their area.  There is an FDA decision coming down soon on an appeal to one of their products being rejected, but he does not think it is significant.  If you are working with a health plan then you are more likely to get elective surgery done.


Price: $31.000
Subject: NORTH AMERICAN - LARGE
Bias: BEARISH
Owned: Unknown
2014-09-29 DON'T BUY Yellow Media Inc
Y-T
Norman Levine

A better company than it used to be as it switches to digital.  It is still speculative, however.  There is no certainty that they will survive.


Price: $14.765
Subject: NORTH AMERICAN - LARGE
Bias: BEARISH
Owned: Unknown
2014-09-29 SELL Yamana Gold Inc.
YRI-T
Norman Levine

He would not own any gold stocks here.  Gold used to be the safe haven, but now it is the US$. 


Price: $6.790
Subject: NORTH AMERICAN - LARGE
Bias: BEARISH
Owned: Unknown
2014-09-26 N/A A Comment -- General Comments From an Expert
A Commentary
Michael Bowman

Markets.  Loves the drop yesterday and thinks valuations are fabulous.  Investors should use these drops for buying opportunities.  Insider selling is at a 15 year high.  He mentioned the market is not perfect all the time.  A lot of good quality oil companies are down.  It brings the risk reward ratio down to a nice area.  He finds the interest rate thing absurd.  The interest rate concern is a non-event to him as they are already so low.  It is unforeseen events that knock the market down, not planned ones.


Price: $0.020
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULLISH on OIL SERVICES COMPANIES
Owned: _N/A
2014-09-26 N/A A Comment -- General Comments From an Expert
A Commentary
Bill Carrigan

Markets.  The US$ crushed all the commodities except lumber.  This includes crude oil, which sold off too.  Technical analysis tells him the US$ will stop rising as it has hit resistance.  Consumer stocks are very strong and neither did financial stocks sell off.  Yesterday was window dressing.  It was the last day for settlement in September.  So now he does not think there is any problem in the markets.  At this point you need to select the dominant theme.  Energy has actually been a bad place to be for the last 10 years.  The financials almost track the TSX correctly.  So the financials are a key driver of the TSX.


Price: $0.020
Subject: TECHNICAL ANALYSIS
Bias: SELECTIVE
Owned: _N/A
2014-09-26 DON'T BUY A Comment -- General Comments From an Expert
A Commentary
Bill Carrigan

Gold.  You should regard gold as a trading vehicle.  He thinks it is going to go down.  He does not see it as a kind of portfolio or disaster insurance.  It looks like it is trying to bottom.  He hopes it will hold here.  Don’t add or be overweight in gold.


Price: $0.020
Subject: TECHNICAL ANALYSIS
Bias: SELECTIVE
Owned: Unknown
2014-09-26 PAST TOP PICK Ag Growth International Inc
AFN-T
Bill Carrigan

(Top Pick Oct 2/13, Up 16.32%) The spread from materials in general is still wide so it is an out performer.  Still likes the stock.


Price: $43.940
Subject: TECHNICAL ANALYSIS
Bias: SELECTIVE
Owned: Yes
2014-09-26 BUY Altagas Ltd
ALA-T
Michael Bowman

Well managed company.  Cash flow and earnings per share were gang busters last quarter.  This is an opportune time to buy this company.  Driven down by an interest rate scare.


Price: $47.300
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULLISH on OIL SERVICES COMPANIES
Owned: Unknown
2014-09-26 HOLD Amaya Gaming Group Inc.
AYA-T
Bill Carrigan

The jump up is regarding an acquisition.  Since it is event driven you can’t do technicals.  There is no sign of a top yet.  Wait for it to trade sideways and volume to increase.  Don’t buy it in here.


Price: $32.700
Subject: TECHNICAL ANALYSIS
Bias: SELECTIVE
Owned: Unknown
2014-09-26 PAST TOP PICK Brookfield Infrastucture Partners
BIP.UN-T
Michael Bowman

(Top Pick Sep 26/13, Up 15.43%) It had a down turn recently.  It has a high barrier to entry and pays a good yield.


Price: $43.040
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULLISH on OIL SERVICES COMPANIES
Owned: Yes
2014-09-26 PAST TOP PICK Blackrock Inc.
BLK-N
Michael Bowman

(Top Pick Sep 26/13, Up 23.86%) Very innovative when it comes to ETFs.  Doesn’t know if he would be buying it here.  What was resistance is becoming support.


Price: $335.070
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULLISH on OIL SERVICES COMPANIES
Owned: Yes
2014-09-26 DON'T BUY Bankers Petroleum
BNK-T
Michael Bowman

Albanian.  It is a geopolitical risk.  There are so many better opportunities out there.  Prefers to be closer to home.


Price: $5.480
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULLISH on OIL SERVICES COMPANIES
Owned: No
2014-09-26 HOLD Bonavista Energy Corp
BNP-T
Bill Carrigan

This is one that is underperforming compared to the group.  If it makes a new low since last November ($12) then get out.


Price: $13.080
Subject: TECHNICAL ANALYSIS
Bias: SELECTIVE
Owned: Unknown
2014-09-26 BUY Baytex Energy Corp
BTE-T
Michael Bowman

Market indicators are somewhat neutral.  He thinks the market is in a buy right here.  He does not know where oil is going to go.  They have good property here in Canada.  We have some resistance at about the point we are here.  It could now be support.  You have good yield.  He is a believer in this one.


Price: $42.610
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULLISH on OIL SERVICES COMPANIES
Owned: Yes
2014-09-26 TOP PICK CAE Inc
CAE-T
Bill Carrigan

Aerospace is one of his dominant themes.  The pickings are thin in Canada. This gives us exposure to commercial as well as defense. 


Price: $13.480
Subject: TECHNICAL ANALYSIS
Bias: SELECTIVE
Owned: No
2014-09-26 BUY Chorus Aviation Inc
CHR.B-T
Bill Carrigan

Everything corrected in 2011, so we forgive it for that.  We have this resistance since then at $4 and we broke out above it.  It could be in an inverse head and shoulders.  It should come back to test it, which it is.  It could probably be a buy in here.


Price: $4.380
Subject: TECHNICAL ANALYSIS
Bias: SELECTIVE
Owned: Unknown
2014-09-26 BUY Canadian National R.R.
CNR-T
Michael Bowman

They have come down here, but not a heck of a lot.  There is less risk with CNR-T than CP-T.  Priced for perfection.  People think there is no downside to these companies.  Prefers CP-T.


Price: $79.740
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULLISH on OIL SERVICES COMPANIES
Owned: Unknown
2014-09-26 BUY Crescent Point Energy Corp
CPG-T
Michael Bowman

He has a real problem with oil sands oil.  The world is really down on it.  CPG is a premier company in a fantastic field.  It is light oil. 


Price: $40.110
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULLISH on OIL SERVICES COMPANIES
Owned: Yes
2014-09-26 WEAK BUY Crocodile Gold Corp.
CRK-T
Bill Carrigan

You have to make sure micro caps are liquid.  This one is fairly liquid.  He would not add to it, though.  He likes gold as a trade, but don’t go crazy on it.


Price: $0.195
Subject: TECHNICAL ANALYSIS
Bias: SELECTIVE
Owned: Unknown
2014-09-26 HOLD Constellation Software Inc.
CSU-T
Bill Carrigan

There is no sign of a top.  He sees no reason to sell.  Technology is a very good sector to be in.


Price: $279.150
Subject: TECHNICAL ANALYSIS
Bias: SELECTIVE
Owned: Unknown
2014-09-26 HOLD CSX Corp
CSX-N
Bill Carrigan

Does not see any problems with the chart.  Has been in an uptrend since beginning of 2013.  There is nothing wrong with it technically.  Acquire at the bottom of the trend line and reduce at the top.


Price: $32.320
Subject: TECHNICAL ANALYSIS
Bias: SELECTIVE
Owned: Unknown
2014-09-26 BUY DHX Media
DHX-T
Bill Carrigan

Has been quite a winner.  It has been accelerating.  It looks like it wants to go higher here.  There is probably takeover talk.  He thinks it will go higher, but it could be risky.


Price: $8.440
Subject: TECHNICAL ANALYSIS
Bias: SELECTIVE
Owned: Unknown
2014-09-26 DON'T BUY Ensco PLC
ESV-N
Bill Carrigan

We had an uptrend until the beginning of 2013 and then it broke down.  It is levered and went down with the rest of the group.  Let it settle down.  It looks like it is trying to make a 52 week low.  He thinks it has broken support.


Price: $42.460
Subject: TECHNICAL ANALYSIS
Bias: SELECTIVE
Owned: Unknown
2014-09-26 PAST TOP PICK First Quantum Minerals
FM-T
Bill Carrigan

(Top Pick Oct 2/13, Up 19%) He thought the base metals were under loved at the time.  It jumped out of the gate and now the spread from materials in general is widening.  Short term we still have this upward channel. 


Price: $22.000
Subject: TECHNICAL ANALYSIS
Bias: SELECTIVE
Owned: Yes
2014-09-26 WATCH General Electric
GE-N
Bill Carrigan

It represents broadly the US economy.  He likes it.  It has not been a great performer, but on a 5 year basis, it is going up.  This year, it looks like it is trying to build a large symmetrical triangle.  He thinks it will break out.


Price: $25.630
Subject: TECHNICAL ANALYSIS
Bias: SELECTIVE
Owned: Unknown
2014-09-26 WEAK BUY Gilead Sciences Inc.
GILD-Q
Michael Bowman

(Market Call Minute) Likes the sector.  Great HIV drug, Hep-C drug.  Prefers an ETF.


Price: $108.380
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULLISH on OIL SERVICES COMPANIES
Owned: Unknown
2014-09-26 DON'T BUY Glaxosmithkline PLC
GSK-N
Michael Bowman

(Market Call Minute) They had issues in China with some bribery and corruption.  Sales flat in 2014 and will be for 2 or 3 years.


Price: $46.590
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULLISH on OIL SERVICES COMPANIES
Owned: No
2014-09-26 SELL Keyera Corp
KEY-T
Michael Bowman

He was up 499% on his position.  Brokerage reports are all saying it has pretty much topped out. 


Price: $90.270
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULLISH on OIL SERVICES COMPANIES
Owned: Yes
2014-09-26 DON'T BUY Legacy Oil and Gas Inc.
LEG-T
Michael Bowman

Earnings were down last quarter.  They also saw some really strong production declines.  He would not pick it up here.  Prefers CPG-T(Crescent Point Energy).


Price: $6.100
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULLISH on OIL SERVICES COMPANIES
Owned: Unknown
2014-09-26 TOP PICK Linamar Corp
LNR-T
Michael Bowman

It is not in play, but they came down when another company in the space was bought.  It was unwarranted.  They now have Linamar transportation.


Price: $58.990
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULLISH on OIL SERVICES COMPANIES
Owned: Yes
2014-09-26 WEAK BUY Long Run Exploration
LRE-T
Bill Carrigan

He used to be bullish on Nat Gas, but not crude.  He now thinks Nat Gas has run its course.  It has gone nowhere since 2010.  It is a trader.  You accumulate at support and sell at the top of the range.  It is not a long term investment.  You might accumulate it here.


Price: $4.520
Subject: TECHNICAL ANALYSIS
Bias: SELECTIVE
Owned: Unknown
2014-09-26 BUY Manulife Financial
MFC-T
Michael Bowman

Finds the banks very boring.  They just came out with earnings.  Would prefer an insurer to the banks and thinks MFC-T purchase of Standard Life does a lot for them.  It is a fantastic purchase.


Price: $21.690
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULLISH on OIL SERVICES COMPANIES
Owned: Unknown
2014-09-26 BUY Magna Int'l. (A)
MG-T
Michael Bowman

Didn’t buy because it was too high.  The company is doing everything they should be doing.  International operation is doing well.  Consumer confidence in the auto sector is at a 15 year high.  Great support at $107.  See Top Picks also.


Price: $112.800
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULLISH on OIL SERVICES COMPANIES
Owned: Yes
2014-09-26 DON'T BUY Magna Int'l. (A)
MG-T
Bill Carrigan

He is not bullish in the auto sector.  It has run its course.  It violated its up-trend line.  The question is if it will rally up above the trend line.  He compared to AN-N, which is correcting further.  He would be very careful with the auto sector.


Price: $112.800
Subject: TECHNICAL ANALYSIS
Bias: SELECTIVE
Owned: Unknown
2014-09-26 HOLD Pembina Pipeline Corp
PPL-T
Michael Bowman

Another company pulled out of the area and an analyst thought it would affect PPL-T.  Great balance sheet and management.  It is worth holding right here for the yield.  Thinks the worst is over.


Price: $47.600
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULLISH on OIL SERVICES COMPANIES
Owned: Unknown
2014-09-26 WATCH Rock Energy Inc.
RE-T
Bill Carrigan

One of the few that made a new high this year.  There is no reason why it can’t go higher.  You would want to know more about the story.  It is one of the few that has broken out of the several year trading base.


Price: $6.650
Subject: TECHNICAL ANALYSIS
Bias: SELECTIVE
Owned: Unknown
2014-09-26 DON'T BUY Sherritt International Corp.
S-T
Michael Bowman

Failed in cash flow and earnings per share and did not have a great quarter at all.  Thinks there will be planned outages on the Madagascar mine.  Once that is up and running he thinks they can cut costs.  His exposure to miners is minimal right now.


Price: $3.590
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULLISH on OIL SERVICES COMPANIES
Owned: Unknown
2014-09-26 TOP PICK Shawcor Ltd. (A)
SCL-T
Michael Bowman

He was waiting for it to come back to a buy range.  Right at the 200 day M.A.  Buy it here.


Price: $54.500
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULLISH on OIL SERVICES COMPANIES
Owned: Yes
2014-09-26 BUY Surge Energy Inc
SGY-T
Michael Bowman

The dividend is very secure.  This is the downturn that everyone has been waiting for.  It is time to start picking up these things.


Price: $7.270
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULLISH on OIL SERVICES COMPANIES
Owned: Unknown
2014-09-26 TOP PICK SNC-Lavalin Group Inc.
SNC-T
Michael Bowman

Likes the sector.  It has done very well.  They had some issues that are now behind them.  Just bought a large construction and engineering firm. 


Price: $52.160
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULLISH on OIL SERVICES COMPANIES
Owned: Yes
2014-09-26 BUY SNC-Lavalin Group Inc.
SNC-T
Bill Carrigan

We began a new uptrend in mid 2012.  There is now no reason not to own it.  You reduce at the top of the trend channel and accumulate at the bottom.  It looks fine to him.


Price: $52.160
Subject: TECHNICAL ANALYSIS
Bias: SELECTIVE
Owned: Unknown
2014-09-26 BUY Suncor Energy Inc
SU-T
Michael Bowman

With oil by rail, maybe Keystone does not matter.  They are a refiner with upstream and downstream operations.  This is a very conservative company.  They had very good dividend increases.  Worth buying here.


Price: $40.690
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULLISH on OIL SERVICES COMPANIES
Owned: Unknown
2014-09-26 WEAK BUY Trinidad Drilling Ltd
TDG-T
Michael Bowman

He is a big fan of oil and gas infrastructure.  Great balance sheet.  If you compare to PD-T, it has come down as well.  He would prefer PD-T however.


Price: $8.620
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULLISH on OIL SERVICES COMPANIES
Owned: Unknown
2014-09-26 HOLD Tourmaline Oil Corp
TOU-T
Michael Bowman

It is a highly recommended company by brokerage firms.  It could be a little rich right here.  But he likes to buy companies that a lot of people recommend. 


Price: $49.150
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULLISH on OIL SERVICES COMPANIES
Owned: Unknown
2014-09-26 BUY Tourmaline Oil Corp
TOU-T
Bill Carrigan

One of the few in an uptrend.  This last corrective period was just US$ related.  You are near the bottom of the trend line.  It looks fine.


Price: $49.150
Subject: TECHNICAL ANALYSIS
Bias: SELECTIVE
Owned: Unknown
2014-09-26 SELL Temple Hotels
TPH-T
Bill Carrigan

You have a base in 2010, then a run up and then flat to now.  He does not want the recent low to be violated.  He would run away.


Price: $5.220
Subject: TECHNICAL ANALYSIS
Bias: SELECTIVE
Owned: Unknown
2014-09-26 BUY Vermilion Energy Inc
VET-T
Michael Bowman

(Market Call Minute) Came down again: a great opportunity to buy.  Great yield.  European oil so they get the higher price.


Price: $66.530
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULLISH on OIL SERVICES COMPANIES
Owned: Yes
2014-09-26 HOLD Vermilion Energy Inc
VET-T
Bill Carrigan

One of the few that that is up here.  You have to go with the inherent strength.  This is the typical corrective period.  If the US$ calms down then this stock will.  It broke below a trend line.  If it jumps above it it may go higher.


Price: $66.530
Subject: TECHNICAL ANALYSIS
Bias: SELECTIVE
Owned: Unknown
2014-09-26 BUY Whitecap Resources
WCP-T
Michael Bowman

Classic company, came out with a growth and dividend kind of model and are succeeding with that.  Well managed with a fantastic balance sheet.  Good infrastructure business. 


Price: $16.050
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULLISH on OIL SERVICES COMPANIES
Owned: Unknown
2014-09-26 BUY West Fraser Timber
WFT-T
Bill Carrigan

Thinks the whole sector is surprisingly positive, but he doesn’t know why.  When he looks at lumber over the long term, it is one of the few commodities that is basing.  There is no sign of a top with WFT-T.  He thinks it will go surprisingly higher.


Price: $53.980
Subject: TECHNICAL ANALYSIS
Bias: SELECTIVE
Owned: Unknown
2014-09-26 BUY WSP Global Inc.
WSP-T
Michael Bowman

(Market Call Minute) Loves it.  Loves the construction.


Price: $35.630
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULLISH on OIL SERVICES COMPANIES
Owned: Yes
2014-09-26 DON'T BUY Yamana Gold Inc.
YRI-T
Michael Bowman

It was a top pick 2 or 3 years ago and was the only stock he sold before returning to Market Call about a year later.  There are better companies out there.  The only gold people should own right now is bullion. 


Price: $6.970
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULLISH on OIL SERVICES COMPANIES
Owned: No
2014-09-26 PAST TOP PICK BMO Equal Weight Bank ETF
ZEB-T
Bill Carrigan

(Top Pick Oct 2/13, Up 24.09%) It is going to be very close to financials in general.  It outperformed the TSX.  There is still no sign of a top.


Price: $23.900
Subject: TECHNICAL ANALYSIS
Bias: SELECTIVE
Owned: No
2014-09-26 TOP PICK BMO Junior Gold Index ETF
ZJG-T
Bill Carrigan

Strictly a trade.  The divergence has become extreme against the TSX-T.  When we get these extreme oversold levels he buys it for a trade.  Give it three months and get out when it starts to spin its wheels.


Price: $6.950
Subject: TECHNICAL ANALYSIS
Bias: SELECTIVE
Owned: Yes
2014-09-26 PAST TOP PICK BMO Equal Weight REITs Index
ZRE-T
Michael Bowman

(Top Pick Sep 26/13, Up 11.14%) At that time he felt there was risk of a rate increase further.


Price: $19.520
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULLISH on OIL SERVICES COMPANIES
Owned: Yes
2014-09-26 TOP PICK BMO EqWt US HthCare Hedged CAD
ZUH-T
Bill Carrigan

It is hedged to the Canadian dollar.  Healthcare.  He wants to be in healthcare.  It is outperforming.  The uptrend is a long, gradual advance.


Price: $35.570
Subject: TECHNICAL ANALYSIS
Bias: SELECTIVE
Owned: No
2014-09-26 BUY BMO US High Dividend C. C. ETF
ZWH-T
Michael Bowman

Dividends account for a very big chunk of a portfolio return.  There was a double top in June and July.  There is good support where it is now.  Pays monthly distributions.


Price: $16.080
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULLISH on OIL SERVICES COMPANIES
Owned: Unknown
2014-09-25 N/A A Comment -- General Comments From an Expert
A Commentary
Michele Robitaille

Markets.  We have seen a sell off in the last couple of weeks.  There is a bit of sector rotation also.  Everyone is trying to figure out when the Fed is going to start raising rates.  There is a perception that when they do they will keep going and possibly more aggressively.  She has excess cash and is slowly putting money to work, but she is cautious and doing so slowly.  It is about where there are attractive valuations.  Energy infrastructure are good examples.  She is watching to see how much correction there is.  Financials are somewhere she is looking also.  Some consumer names have corrected too.  REITs will not get hit hard when rates rise because they refinanced at lower rates.  There is always a sentiment selloff in REITs when rates rise and it presents a buying opportunity.  You need to look for REITS with strong organic growth profiles, strong balance sheets and properties in the right classes.


Price: $0.020
Subject: HIGH YIELD EQUITIES & REITS
Bias: CAUTIOUS
Owned: _N/A
Showing 1 to 120 of 132,398 entries
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