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

Recent Opinions

Date Signal Company Expert Opinion Price
2014-10-30 N/A A Comment -- General Comments From an Expert
A Commentary
Michael Bowman

Markets.  Historically if you look at market corrections in October, they are always good buying opportunities.  Ebola has proved itself as to not be able to be airborne.  China is set for a soft landing.  What’s not to like about this.  For these reasons people, are all just buying in without a change in fundamentals.  So just go with it.  The TSX is all about oil.  Cheaper oil is better for the consumer, but we worry about the companies.  Oil is a real catalyst here.  Baytex came out with earnings today and said they were increasing production.


Price: $0.020
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULL
Owned: _N/A
2014-10-30 N/A A Comment -- General Comments From an Expert
A Commentary
Paul Harris, CFA

Markets. Most of his clients tend to be balanced between equity and fixed income portfolios, so volatility is subdued because when the equity market went down, the bond market kind of rallied a little. They might have been down, but not as severely as other people. Also, bounced back very quickly. He had been expecting a pullback at some time, and he was comfortable buying in the pullback. There is a very strong case for equities relative to the debt market. Stocks have more room to run. In spite of interest rates and what the Fed is doing, etc., dividend yields and earning yields tell you that you need to be in the stock market. He prefers looking at Cdn markets 1st, and then to the US and Europe. Stays away from Asia and emerging markets.


Price: $0.020
Subject: NORTH AMERICAN/GLOBAL
Bias: BULLISH
Owned: _N/A
2014-10-30 BUY Apple
AAPL-Q
Paul Harris, CFA

A great company that has done incredibly well over the last little while. About 55% of their revenue comes from one product, the iPhone. With the bigger phone, it is going to eat away at the iPad business. The last thing they have been doing is financial engineering by buying back more shares, paying a bigger dividend, etc. The phone is really the thing that drives this company. It is probably more in a slow growth phase.


Price: $106.980
Subject: NORTH AMERICAN/GLOBAL
Bias: BULLISH
Owned: Unknown
2014-10-30 COMMENT Air Canada (B)
AC.B-T
Paul Harris, CFA

This is a company that he has never owned. Doesn't like airline stocks. There is way too much cyclicality for him. This has done well over the last couple of years, but there are some headwinds with it. He likes something that you can buy and hold for several years, and that is something you cannot do with an airline.


Price: $9.160
Subject: NORTH AMERICAN/GLOBAL
Bias: BULLISH
Owned: No
2014-10-30 DON'T BUY Agnico-Eagle Mines
AEM-T
Michael Bowman

We have nothing, but problems with gold stocks.  The price of gold, geopolitical risk, etc.  If you like gold then buy the bullion.  FNV-T is the only stock that has beat bullion.  He holds gold bullion.


Price: $27.670
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULL
Owned: Unknown
2014-10-30 TOP PICK Amgen Inc.
AMGN-Q
Paul Harris, CFA

A biotechnology company, but looks more like a pharmaceutical company in his view. Trading at 18X earnings. Have some great products in their pipeline. Feels the stock is worth probably in the $200 range. Yield of 1.51%.


Price: $161.580
Subject: NORTH AMERICAN/GLOBAL
Bias: BULLISH
Owned: Yes
2014-10-30 TOP PICK Aecon Group Inc
ARE-T
Michael Bowman

They are in three different areas.  Trading a lot less than peers.  He likes the sector. 


Price: $14.490
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULL
Owned: Yes
2014-10-30 BUY Astrazeneca P L C
AZN-N
Paul Harris, CFA

Pfizer failed to acquire this company and the stock has dropped a lot. This trades at 14X earnings and has a great dividend yield and a great cash flow yield. Not expensive. Have some great things in their pipeline in the next little while, which will help the company out. Healthcare is a nice defensive area to be in if you are really worried about the stock market. (See Top Picks.)


Price: $72.600
Subject: NORTH AMERICAN/GLOBAL
Bias: BULLISH
Owned: Unknown
2014-10-30 BUY Bank of America
BAC-N
Paul Harris, CFA

Has been a big bull on this. Feels this is one of the cheapest areas in the whole US stock market. This bank has a lot of positive things. They have a great business on the investment banking side, which will continue to do well, a great wealth management business and a great retail banking business. A lot of the issues that were facing them from a regulatory and legal point of view are all off the table now. BV is $21 and it is trading well below this.


Price: $17.030
Subject: NORTH AMERICAN/GLOBAL
Bias: BULLISH
Owned: Yes
2014-10-30 TOP PICK Barclays Bank PLC
BCS-N
Paul Harris, CFA

Stock has been pushed down because of issues, that they will solve like a lot of the other banks did. Have a great retail franchise in the UK. Had a retail franchise in Europe which was poor, so they are getting out of those. Barclays credit card, although down, is a great asset to have. They have asset management. Also, have the investment bank, which has been their big problem. Had bought Lehman Brothers out of bankruptcy. Also, were very large in the fixed income side, which takes up a lot of capital. They are fixing those problems.


Price: $14.380
Subject: NORTH AMERICAN/GLOBAL
Bias: BULLISH
Owned: Yes
2014-10-30 DON'T BUY Burger King Worldwide Inc.
BKW-N
Paul Harris, CFA

There is a change in the way people think about food. It has had a good run. Doesn't think it is going to go much higher from here. There is a real change in the way people think about food, especially in the US. What may be saving them is that prices on a lot of their input products, other than beef, have gone down. This will help them in the next couple of quarters, but in the end, this is the issue, they’re going to have to face.


Price: $32.040
Subject: NORTH AMERICAN/GLOBAL
Bias: BULLISH
Owned: Unknown
2014-10-30 PAST TOP PICK Caterpillar
CAT-N
Michael Bowman

(Top Pick Oct 30’13, Up 22.60%) They came out with disastrous earnings about a year ago and gapped down.  After gapping down, stocks usually get filled back in again.


Price: $100.160
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULL
Owned: Yes
2014-10-30 TOP PICK Canadian Natural Rsrcs
CNQ-T
Paul Harris, CFA

Great Canadian oil company. Trades at 5X cash flow. About to throw off about $6-$7 billion free cash by about 2018. Great management. This pullback is a great opportunity to buy the stock. Yield of 2.35%.


Price: $38.240
Subject: NORTH AMERICAN/GLOBAL
Bias: BULLISH
Owned: Yes
2014-10-30 HOLD Capstone Mining Corp.
CS-T
Michael Bowman

Does not see a problem with it.  Copper is a little bit out of favour.  It has all depended on China.  Doesn’t see why it has underperformed.  He likes the company and he would hold on to it here.  LUN-T is a very good buy, though.


Price: $2.000
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULL
Owned: Unknown
2014-10-30 BUY Cenovus Energy
CVE-T
Paul Harris, CFA

Sold his holdings. This is a well-run company. The last little fall has been really because of the price  of oil. Have some very good assets and thinks they will continue to do well.


Price: $27.330
Subject: NORTH AMERICAN/GLOBAL
Bias: BULLISH
Owned: No
2014-10-30 BUY on WEAKNESS DH Corporation
DH-T
Paul Harris, CFA

A great little company. Cheques are a very small part of their business now. In his view, they are effectively a financial technology company. Made a large acquisition in the US that is going really well and is changing the company. It is becoming more and more of a US company because there are many more banks in the US than in Canada. It has run up a lot, so he would look for a slight pullback. Nice dividend yield and they keep increasing their dividends all the time. Thinks they will take a break from this for the next little while as they want to pay down some debt.


Price: $35.130
Subject: NORTH AMERICAN/GLOBAL
Bias: BULLISH
Owned: Unknown
2014-10-30 BUY Encana Corp
ECA-T
Michael Bowman

Now you are seeing that ECA is going back the other way from gas since they were spun out.  He likes it.  By 2016 they will be half oil and half gas.  He thinks that they are on the right track now.


Price: $20.450
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULL
Owned: Yes
2014-10-30 BUY Element Financial
EFN-T
Michael Bowman

Another dismal looking stock chart.  The business model is bang on.  A great balance sheet and a really good pipeline.  Likes the company a lot.


Price: $12.870
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULL
Owned: Unknown
2014-10-30 DON'T BUY First Quantum Minerals
FM-T
Michael Bowman

A copper company.  The charts are unbelievable here.  He would prefer CS-T or LUN-T.


Price: $17.380
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULL
Owned: Unknown
2014-10-30 DON'T BUY Gilead Sciences Inc.
GILD-Q
Michael Bowman

A highly recommended company, a  fantastic company.  He would prefer the IBB-O ETF.  It’s a sector that can be hard to understand and the FDA could reject something so he prefers a basket. 


Price: $114.220
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULL
Owned: Unknown
2014-10-30 DON'T BUY Husky Energy
HSE-T
Michael Bowman

It is a company that he just doesn’t get a warm fuzzy feeling about.  Prefers CVE-T or SU-T even if net backs are higher for HSE-T. 


Price: $26.630
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULL
Owned: No
2014-10-30 TOP PICK iShares DJ Medical Devices E.T.F.
IHI-N
Michael Bowman

This is the trend in the marketplace so buy the trend.  People who are aging are going to buy the hips, the knees and get the heart thing done.  All of these companies are expanding into Latin America and China. 


Price: $106.590
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULL
Owned: Yes
2014-10-30 BUY JP Morgan Chase & Co
JPM-N
Paul Harris, CFA

Likes the whole US banking industry. Particularly thinks this one is an incredibly well-run franchise. Great retail, investment banking and great asset management. Feels it has really performed quite well.


Price: $59.390
Subject: NORTH AMERICAN/GLOBAL
Bias: BULLISH
Owned: Yes
2014-10-30 COMMENT KKR & Co. LP
KKR-N
Paul Harris, CFA

A private equity company, along with asset management business. One of the greatest sweet spots they can ever be in because they are funding very cheaply. They buy businesses, lever them up and then either bring them public or dispose of them to somebody else. Also, pays a great dividend yield. Capital is easily accessible for them, so when they open up new funds, they get lots of money in. A very, very positive environment.


Price: $21.430
Subject: NORTH AMERICAN/GLOBAL
Bias: BULLISH
Owned: Unknown
2014-10-30 PAST TOP PICK Mainstreet Equity Corp
MEQ-T
Paul Harris, CFA

(A Top Pick Nov 7/13. Up 26.76%.) Have some great assets in the Edmonton/Calgary area. These are rental properties, so there is lots of room to increase rents as it is a high growth area of the country. It will continue to see good growth and good increase in rents.


Price: $40.530
Subject: NORTH AMERICAN/GLOBAL
Bias: BULLISH
Owned: Yes
2014-10-30 COMMENT Manulife Financial
MFC-T
Paul Harris, CFA

This insurance company versus banks? They have done a good job of moving the company in the right direction. Where insurance companies really make money is in a much higher yield environment. He thinks interest rates are going to stay relatively low for longer than people think, so that really hurts this industry. He would rather put his money in a bank, which has better opportunities.


Price: $20.880
Subject: NORTH AMERICAN/GLOBAL
Bias: BULLISH
Owned: No
2014-10-30 BUY Magna Int'l. (A)
MG-T
Michael Bowman

Was $125 when the US economy was rolling full steam, then MG-T came down to $107.  But what has changed.  The US economy is still rolling.  He is a huge believer in MG-T.  They do a lot of European business and there is a school of thought that says they never got out of recession.  Car sales are still cooking along, though.


Price: $107.790
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULL
Owned: Unknown
2014-10-30 PAST TOP PICK Microsoft
MSFT-Q
Paul Harris, CFA

(A Top Pick Nov 7/13. Up 26.3%.) The numbers were absolutely fantastic in this last quarter. Thinks it will continue to do well. Feels the ultimate high on the stock will be $54-$57.


Price: $46.050
Subject: NORTH AMERICAN/GLOBAL
Bias: BULLISH
Owned: Yes
2014-10-30 TOP PICK Precision Castparts Corp.
PCP-N
Michael Bowman

Forge and cast products, very complex products.  Likes it because these products are used for jet engines and turbines and in the automotive and oil and gas sectors.  The company is going to be in demand for their products.  Looking at 17% increase in next year’s earnings.  A classic industrial play.  He is looking for aviation to get better.


Price: $221.310
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULL
Owned: Yes
2014-10-30 PAST TOP PICK Precision Drilling
PD-T
Michael Bowman

(Top Pick Oct 30’13, Down 16.53%) They beat analysts’ estimates last Monday.  Their payout ratio is extremely low.  10% is from international, which they built rather than buy.  He is still excited about the company.  He would buy it here.


Price: $9.170
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULL
Owned: Yes
2014-10-30 PAST TOP PICK PowerSh Dynamic Basic Material
PYZ-N
Michael Bowman

(Top Pick Oct 30’13, Up 10.77%) He likes the ETF because it is based on management, momentum and earnings growth.  It is basic materials.  He was looking at the time that these companies would do well in the environment.  It is a mid cap global fund.


Price: $53.010
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULL
Owned: Yes
2014-10-30 PAST TOP PICK Regions Financial
RF-N
Paul Harris, CFA

(A Top Pick Nov 7/13. Up 7.05%.) These banks have all had a real pullback this year. This is in the south-eastern US and has great assets that he thinks are going to be helped by the slow improvement in the US economy and the slow improvement in US housing. This is in a high growth area in the US.


Price: $9.760
Subject: NORTH AMERICAN/GLOBAL
Bias: BULLISH
Owned: Yes
2014-10-30 DON'T BUY Shaw Communication (B)
SJR.B-T
Michael Bowman

They own global TV and 20 specialty channels.  Wireless is good and wire line is poor.  The companies in the sector are all exactly the same to him, but he prefers RCI-T.


Price: $28.830
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULL
Owned: Unknown
2014-10-30 HOLD Global X Social Media Ind. ETF
SOCL-Q
Michael Bowman

Social Media Stocks.  Looked at TWTR-N’s announcement.  23% increase in customer base, but it was 30% last year.  FB-T is having real problems.


Price: $18.630
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULL
Owned: Unknown
2014-10-30 BUY Suncor Energy Inc
SU-T
Michael Bowman

Likes it.  He would buy it here because oil is coming down to the $80 dollar mark and the question is where it is going from here.  He prefers this kind of company because he is comfortable holding companies that are completely integrated.  It is all about operating net backs. 


Price: $39.000
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULL
Owned: Yes
2014-10-30 DON'T BUY Transalta Corp
TA-T
Paul Harris, CFA

Hasn't liked this company because they have such poor assets. Doesn't understand why they didn't cut their dividend. He prefers others.


Price: $11.000
Subject: NORTH AMERICAN/GLOBAL
Bias: BULLISH
Owned: No
2014-10-30 BUY Teck Resources Ltd. (B)
TCK.B-T
Michael Bowman

5 year low.  It’s all about meteorological coal.  It has been all about China.  He is sure looking at this one to just pick it up for the yield alone.


Price: $17.520
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULL
Owned: No
2014-10-30 BUY Toronto Dominion
TD-T
Michael Bowman

In a rising interest rate environment this one would do the best in the US.  Just buy it now.  No reason to wait.  It already had a good pullback.


Price: $54.750
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULL
Owned: Unknown
2014-10-30 BUY on WEAKNESS Trinidad Drilling Ltd
TDG-T
Michael Bowman

A well managed company with a great balance sheet.  They are always looking out for what is coming around the corner.  He would be picking away at this.


Price: $7.210
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULL
Owned: Yes
2014-10-30 COMMENT Telefonica S.A.
TEF-N
Paul Harris, CFA

Likes the company. Thinks they have some really great assets. Have been very astute at getting rid of non-core assets. Have some great businesses in very high growth areas such as Brazil and Argentina and Latin America. Has the opportunity to be a really hefty growth company. This business requires a lot of Cap X, which has hurt them a bit. Feels this is a unique company. Looking at the numbers, the Latin American site continues to do well. It is Spain that has really been hurt in the last little while. Thinks the stock will do well.


Price: $14.690
Subject: NORTH AMERICAN/GLOBAL
Bias: BULLISH
Owned: Yes
2014-10-30 SELL Talisman Energy
TLM-T
Michael Bowman

There are better companies out there.  If you find something better to buy you should sell this one.  You need to look at CVE-T, for example, or SU-T.  TLM-T is at a 10-year low.


Price: $6.970
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULL
Owned: No
2014-10-30 COMMENT Twitter, Inc
TWTR-N
Paul Harris, CFA

From a valuation perspective, this is not something he would look at. They are slowing down. There are more people, but their revenue is going to be slowing down. Getting advertising is much harder. With all these things, they get to a certain level and start to deteriorate. Trading at a very high valuation, so there is risk. When companies like this miss, even slightly, it destroys their stock.


Price: $41.800
Subject: NORTH AMERICAN/GLOBAL
Bias: BULLISH
Owned: No
2014-10-30 COMMENT Unilever PLC
UL-N
Paul Harris, CFA

A very good company. Feels they over expanded into places like Asia with the hope that they would actually deliver huge growth for them. That has not happened, which has really hurt them. They have to cut back on the actual number of products that they have. Margins have been squeezed over the last little while.


Price: $39.790
Subject: NORTH AMERICAN/GLOBAL
Bias: BULLISH
Owned: Unknown
2014-10-30 BUY Visa Inc.
V-N
Michael Bowman

Biggest jump in 3 years today.  He has been a big fan of this area.  He thinks there will be no cash in the future.  We will be a cashless society.  The long term is great.


Price: $236.650
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULL
Owned: Unknown
2014-10-30 WEAK BUY Vanguard MSCI Emerg. Mkt. ETF
VEE-T
Michael Bowman

An ETF has no fund manager.  Fees are lower.  He is a big fan of ETFs.  This one has the lowest fees in the area.  They have been coming back.  Emerging markets have been a tough place to be.  This would be the one but he would favour local markets right now.  He is not a big proponent of diversification just for the sake of it.  Buy the trend.


Price: $28.510
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULL
Owned: Unknown
2014-10-30 DON'T BUY Yamana Gold Inc.
YRI-T
Michael Bowman

He is not a gold guy.  There is no reason to buy gold.  Some people think there will be QE 4 next year and it would cause the US dollar to decline.  He is staying clear.


Price: $4.990
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULL
Owned: No
2014-10-30 DON'T BUY BMO DJ Industrial Ave Hedged to CAD ETF
ZDJ-T
Michael Bowman

The 30 biggest companies in the US.  You can use these for income.  In a rising market, however, covered calls crimp your gain. 


Price: $29.660
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BULL
Owned: No
2014-10-29 N/A A Comment -- General Comments From an Expert
A Commentary
John Stephenson

Markets. There are some intraday reversals on Dow Transports, Russell 2000, etc.  Going higher earlier in the day and now dropping below yesterday's close. This is generally a bearish signal. He started buying 3-4 weeks ago because the Russell 2000 started moving up ahead of the S&P 500 and other bigger markets. This may suggest that the little rally may be coming to an end. He does not believe that is the reason. The US Fed announcement is coming up in about an hour he thinks the market is quite nervous about it. The probability is that they won't be as dovish as they have in the past. They'll see that the labour market is improving. He really believes they are going to start talking about some view to the economy healing. If so, that will be short term somewhat bearish for stocks, but over the longer term, a rising rate environment is actually, at least in its initial stages, positive for stocks. Still thinks this is a good time for investors to start wading in. Historically, November, is one of the strongest months on record, and typically you have increases of 6%-7% in that month. The best time to buy stocks is in the Nov-April time frame.


Price: $0.020
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: BULLISH
Owned: _N/A
2014-10-29 N/A A Comment -- General Comments From an Expert
A Commentary
John Stephenson

Oil. Oil is up a little bit today. It has been an interesting time in the energy complex. Goldman Sachs came out a few days ago saying we were headed to $75 oil. He is in the $85ish camp and thinks that is where the long term costs are. Oversupply is really not the case, but you can't argue that demand is running away. We are in a kind of middling range for oil and doesn't see us getting $100 or more in the immediate future, but he doesn't see it falling below $75.


Price: $0.020
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: BULLISH
Owned: _N/A
2014-10-29 N/A A Comment -- General Comments From an Expert
A Commentary
John Stephenson

Currency. Currently the Cdn$ is rallying against the US$. His overall view is that the US$ will continue to strengthen. It is clearly the strongest market globally. If you compare what has happened in Canada and the US, our real estate prices have continued to go up where theirs have gone through a retrenchment in real estate and prices fell by an average of 5%, across the country. Ultimately, you are better served in US$ terms and in US$ investments, because over time we are going to drift towards an $0.85 dollar in Canada.


Price: $0.020
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: BULLISH
Owned: _N/A
2014-10-29 COMMENT A Comment -- General Comments From an Expert
A Commentary
Don Lato

Precious metals? He doesn't own anything in the area. Has never really participated.


Price: $0.020
Subject: NORTH AMERICAN
Bias: BULLISH
Owned: No
2014-10-29 BUY Apple
AAPL-Q
John Stephenson

Today's short-term reversal has more to do with the upcoming Fed announcement. It has had a good run as of late. He likes this and just bought some. Feels it is worth significantly more. The ecosystem works phenomenally, i.e., once you have one product, the other products work seamlessly.


Price: $107.340
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: BULLISH
Owned: Yes
2014-10-29 BUY Air Canada (B)
AC.B-T
John Stephenson

He likes this. Had been a great performer last year. Fuel prices have pulled back 18%-20%, routes are full and demand is strong. There is pricing power, pricing differentiation with Rouge and other things that will allow it to go after other travelers. Thinks it has been oversold. (See Top Picks.)


Price: $8.950
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: BULLISH
Owned: No
2014-10-29 COMMENT AGF Management (B)
AGF.B-T
Don Lato

Would be a little bit concerned about this one. The mutual fund industry is going to be affected by changes in disclosure laws, starting next year. One of the things that has to be disclosed are the fee schedules. A lot of clients are going to be in for a bit of a surprise when they see the fees that are going to be charged.


Price: $10.160
Subject: NORTH AMERICAN
Bias: BULLISH
Owned: Unknown
2014-10-29 COMMENT Bank of Nova Scotia
BNS-T
Don Lato

A good time to be looking at Canadian banks. They have all sold off from their peaks. All took a nosedive from the mini meltdown a couple of weeks ago. Not his favourite. (See Top Picks.)


Price: $68.090
Subject: NORTH AMERICAN
Bias: BULLISH
Owned: Yes
2014-10-29 COMMENT Baytex Energy Corp
BTE-T
John Stephenson

Baytex (BTE-T) or Crescent Point (CPG-T).  Given his belief that oil is going to be in the "middling range", you can probably put off your decision to Buy energy stocks for a few months. There is no urgency. If you are looking at a short-term horizon, 6 months or so, this one is probably the better one, because it is the heavy oil story. If looking at the balance sheet, debt to cash flow metrics, Crescent Point does stand up better. If he had to make a call, he would say this one because it has been less disappointing.


Price: $35.440
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: BULLISH
Owned: Yes
2014-10-29 PAST TOP PICK CitiGroup
C-N
John Stephenson

(A Top Pick Nov 7/13. Up 4.77%.) Still likes this. Money centered banks have not done as well as expected, but all the litigation issues are pretty much in the rear-view mirror, and that was the big overhang on the stock. They still don't have a dividend to speak of, and that is a big part of the story going forward.


Price: $52.650
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: BULLISH
Owned: Yes
2014-10-29 BUY on WEAKNESS Cineplex Inc
CGX-T
Don Lato

Not cheap at 20X earnings. Stock has been relatively flat in the last year, in the range of $38-$44. Struggled last winter with the brutal weather. Also, a so-so movie schedule for the 1st part of the year. This is supposed to be improving in the 4th quarter and into next year with some great sequels coming out. A very, very well-managed company. They continue to increase their concession revenues, their on-screen advertising and their online business. 3.5% dividend yield is well covered.


Price: $41.960
Subject: NORTH AMERICAN
Bias: BULLISH
Owned: Yes
2014-10-29 HOLD Corus Entertainment (B)
CJR.B-T
John Stephenson

Advertising spend has been really low, so you are looking at media in general being impacted by weak advertising spend. There is no immediate catalyst. It has good properties. Stock is fundamentally fine, but advertising is weak and is likely to remain weak.


Price: $20.850
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: BULLISH
Owned: No
2014-10-29 COMMENT Crescent Point Energy Corp
CPG-T
John Stephenson

Baytex (BTE-T) or Crescent Point (CPG-T).  Given his belief that oil is going to be in the middling range, you can probably put off your decision to Buy energy stocks for a few months. There is no urgency. If you are looking at a short-term horizon, 6 months or so, Baytex is probably the better one, because it is the heavy oil story. If looking at the balance sheet, debt to cash flow metrics, this one does stand up better. If he had to make a call, he would say Baytex because it has been less disappointing.


Price: $37.010
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: BULLISH
Owned: No
2014-10-29 BUY Crescent Point Energy Corp
CPG-T
Don Lato

A great oil/gas company. This would be in the basket of high quality companies that you would want to gravitate back to. Have had tremendous success. Sort of stalled in the last year or so. Pays a nice dividend. Has some great exploration projects. A little more highly skewed to oil than what he would like.


Price: $37.010
Subject: NORTH AMERICAN
Bias: BULLISH
Owned: No
2014-10-29 DON'T BUY Denison Mines Corp
DML-T
John Stephenson

An okay space, but generally speaking, uranium lacks visibility. It will eventually go higher, but he just doesn't see a huge catalyst because there isn't strong global growth.


Price: $1.080
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: BULLISH
Owned: Unknown
2014-10-29 COMMENT Dollarama Inc.
DOL-T
Don Lato

This has been a great company. It always seems to be a little bit expensive, so finally on the last selloff he pulled the trigger at about 16.5X earnings and felt comfortable with that as an entry point.


Price: $99.530
Subject: NORTH AMERICAN
Bias: BULLISH
Owned: Yes
2014-10-29 PAST TOP PICK Encana Corp
ECA-T
John Stephenson

(A Top Pick Nov 13/13. Up 13.3%.) Just exited relatively recently, mainly because of the pullback in natural gas prices. They have done everything right.


Price: $20.600
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: BULLISH
Owned: No
2014-10-29 COMMENT Emera Inc
EMA-T
John Stephenson

An OK time to Hold it, probably a reasonable time to start thinking about Selling it, but probably not a good time to Buy it. If we see economic growth happening in the US, and if the Fed does announce or hints of raising rates, it will be very bad for the utility sector, and this is a regulated utility. The best days are probably in their rear-view mirror for a little while. You are probably okay for a few months and you don't have to do anything dramatic, but certainly in the beginning of the new year, he would be thinking about selling, at least a portion of it.


Price: $38.100
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: BULLISH
Owned: Unknown
2014-10-29 BUY FedEx
FDX-N
John Stephenson

FedEx (FDX-N) or UPS (UPS-N)? Right now would be a good time to buy either of these as you have the holiday season coming up, which is usually a good time for delivery companies. Fuel is a huge component going forward, and the current correction in fuel costs will be good, so this would be an attractive time. He would probably rank UPS over FedEx as he expects it would have a little more upside at this point.


Price: $165.770
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: BULLISH
Owned: Unknown
2014-10-29 HOLD Fortis Inc.
FTS-T
John Stephenson

If you look at most of the utility and pipeline space in Canada, they are trading at or near their 52-week highs. Their valuations are extremely stretched. This reflects that it has been a good place to hide out in uncertain times, certainly in 2014. The big story has been how last year the worst performing sector in the S&P was the utilities, and this year they are the best performing sector. Doesn't offer growth.


Price: $36.520
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: BULLISH
Owned: Unknown
2014-10-29 BUY Gilead Sciences Inc.
GILD-Q
Don Lato

Switching over from their main hepatitis C drug to another one. Sales of the older drug were a little bit disappointing. Earnings were down about $.08 a share, versus consensus, but still up tremendously over last year. Stock is very, very cheap on an earnings basis, trading at just under 11X earnings. The new drug is priced a little more attractively. Drug revenues were up 8% year-over-year, not including the old Hep C drug.


Price: $110.720
Subject: NORTH AMERICAN
Bias: BULLISH
Owned: Yes
2014-10-29 COMMENT Gilead Sciences Inc.
GILD-Q
Don Lato

(Switch from Apple (AAPL-Q)?) He would buy them both. Apple is his biggest position, but Gilead is his 2nd biggest. It would be like trading one child for another. Apple still has lots of room to go, but there are rumblings about how Apple Pay is working, and that is the next huge business for them.


Price: $110.720
Subject: NORTH AMERICAN
Bias: BULLISH
Owned: Yes
2014-10-29 COMMENT Corning Inc
GLW-N
Don Lato

Reacted reasonably well to its earnings announcements. Stock had been weaker for the last 3-4 months on talk of Apple (AAPL-Q) gravitating more and more to Sapphire, but that didn't happen. That should be a boost for the company who makes the Gorilla glass that goes in the iPhone and iPad. Still relatively cheap at about 13X next year's earnings. Still ample growth here. Yield of 2%.


Price: $19.890
Subject: NORTH AMERICAN
Bias: BULLISH
Owned: Yes
2014-10-29 BUY Hi-Crush Partners LP
HCLP-N
Don Lato

Manufactures fracing sand. Looked like it started to base a couple of weeks ago, but has been weak again in the last few days. If you are happy with a 5% plus yield, you can step in and comfortably buy it here. Because it is a limited US partnership, there is a very hefty 40% withholding tax. They have the ability in the partnership to drop down other assets into the partnership from the parent company. He is looking at possible dividend increases again next year. Yield of 5.4%.


Price: $46.390
Subject: NORTH AMERICAN
Bias: BULLISH
Owned: Yes
2014-10-29 TOP PICK Jarden Corp.
JAH-N
Don Lato

Owns brands like Coleman, Sunbeam, Rawlings Sporting Goods, and even Bicycle playing cards. Great company. Had a good run, but still only trading at about 14.5X next year's earnings. He considers it as almost a hedge on his overweight in the energy area. As you see oil and gasoline prices come down, it puts a lot of money in consumers’ pockets. 16% of their sales for various products goes through Wal-Mart.


Price: $64.450
Subject: NORTH AMERICAN
Bias: BULLISH
Owned: Yes
2014-10-29 TOP PICK KKR & Co. LP
KKR-N
John Stephenson

Private equity. A phenomenal company. If you believe that markets are turning healthy and that the correction is behind us, you want to be in this alternative space. Has roughly half of its value on the balance sheet, so there is a lot of security. 30% of their business didn't exist 2 years ago and has yet to start earning meaningful fees. Yield of 8.01%.


Price: $22.250
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: BULLISH
Owned: Yes
2014-10-29 STRONG BUY KKR & Co. LP
KKR-N
Don Lato

It is hard to ignore the 9% yield, and he thinks it is pretty safe for the next couple of years. Have a number of new assets under management. Have some deals that will come to fruition that they will pay out to the unit holders. This is a great opportunity.


Price: $22.250
Subject: NORTH AMERICAN
Bias: BULLISH
Owned: Yes
2014-10-29 TOP PICK Kohl's Corp
KSS-N
John Stephenson

 *SHORT*. They came out about a week ago and guided to lower same-store sales. Also, guided to lower earnings going forward. Thinks the overall department store sector in the US is a very mature sector, not a lot of growth. 50% of their revenue is branded and discounters are eating their lunch. Yield of 2.84%.


Price: $54.440
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: BULLISH
Owned: Yes
2014-10-29 COMMENT Labrador Iron Ore Royalty
LIF-T
John Stephenson

There isn't much of a catalyst for this name and for iron ore prices specifically. The reality is that China is growing less strongly than it was before. Growth was in the 7.5% range. Ultimately, they are trying to increase consumption, and consumption spending is part of the economy. It is going to be a long haul. Thinks this will be years. If you have another investment that looks better, consider lightening up.


Price: $19.020
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: BULLISH
Owned: No
2014-10-29 HOLD 3M Co.
MMM-N
John Stephenson

Doesn't see a huge amount of upside in a company like this. It is a stable business and has done okay in the past, because there has been a flight to steadier, stable businesses. People are going to make their money in the more cyclical names, such as financials, industrials, technologies, and to a lesser degree the material/energy companies.


Price: $151.010
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: BULLISH
Owned: Unknown
2014-10-29 PAST TOP PICK NCR Corp.
NCR-N
Don Lato

(A Top Pick Nov 27/13. Down 20.78%.) Problems are twofold. Had some execution problems in the last quarter in getting some product out and have made some management changes to address that. A soft retail environment that persists in the US as well as some mergers among some of the major customers. At this price, he is looking at 8.5-9 X next year's earnings. Still great value here.


Price: $27.560
Subject: NORTH AMERICAN
Bias: BULLISH
Owned: Yes
2014-10-29 HOLD New Flyer Industries Inc.
NFI-T
Don Lato

Good, solid, long-term hold. Sold off a little bit from the highs, but still yielding 4.5%. You should see little better numbers coming out next year. Recently increased their weekly production and are up to 51 units per week. Contracts keep rolling in. Building transit buses is a pretty safe business. Have started getting some very nice business out of their after parts business as well.


Price: $12.990
Subject: NORTH AMERICAN
Bias: BULLISH
Owned: Yes
2014-10-29 DON'T BUY Nuvista Energy Ltd
NVA-T
John Stephenson

The Montney is certainly attractive. It has been an area of focus for many energy companies. Ultimately what is attractive, is an LNG solution at some point. His only concern on this company is that it is a gas weighted name. There is really no catalyst for gas other than the seasonality. It has been a weak, weak time in general. He sees both gas and oil trading sideways for the next year.


Price: $10.370
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: BULLISH
Owned: Unknown
2014-10-29 COMMENT Peyto Exploration & Develop.
PEY-T
Don Lato

Has done fairly well over the last couple of years. Traded along with the rest of the group. When you enter the group on this downturn, you look to the quality names and this would be one. Great production, growth last year, and forecasted into next year as well. Have utilized horizontal drilling explicitly well. They shouldn't be hurt as much by the falling oil prices.


Price: $32.040
Subject: NORTH AMERICAN
Bias: BULLISH
Owned: Yes
2014-10-29 DON'T BUY Pacific Rubiales Energy Corp.
PRE-T
John Stephenson

This or an oil sands play? You want to be in a large cap company rather than a smaller one, particularly when the commodity price is not hitting new highs. If you look at some of the oil Sands plays, particularly Suncor (SU-T), it has some very attractive properties, where the breakeven cost for them is in the high $20. Thinks the internationals, such as this one, are deeply oversold. Until you see that commodity move up substantially, $100 and above, he doesn't think you get a catalyst for these names.


Price: $17.500
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: BULLISH
Owned: Unknown
2014-10-29 TOP PICK Parex Resources Inc.
PXT-T
Don Lato

(A Top Pick Nov 27/13. Up 73.93%.) Down 33% from its highs of just 6 months ago. Dirt cheap last year and still cheap today. Recently sold their Trinidad and Tobago properties to rededicate that money to Colombia. Had 56% production growth over the last year. Even with an oil price of $70, they will cash flow something like $2.50 next year. Trading at a little over 4X earnings. No debt and well-funded.


Price: $10.670
Subject: NORTH AMERICAN
Bias: BULLISH
Owned: Yes
2014-10-29 BUY Rogers Communcations (B)
RCI.B-T
Don Lato

Reasonably attractive down at these levels. Has underperformed pretty dramatically over the last year.. Both the other telecoms are up, including dividends, about 10% year to date. Healthy 4.5% yield. Have had some problems. Mostly exposed to the wireless business and have had some management changes. Made a huge bet on hockey with the NHL contract.


Price: $42.360
Subject: NORTH AMERICAN
Bias: BULLISH
Owned: Unknown
2014-10-29 HOLD Surge Energy Inc
SGY-T
John Stephenson

One of the better names out there. Have grown a lot by acquisition. Facing a 24% decline rate. His issue with them and many of these players is that the acquisition market is pretty much dried up in Western Canada. If you are not able to grow by acquisition and the commodity is weak, and to remain weak for some time, where is your catalyst for this name or any of them.


Price: $6.270
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: BULLISH
Owned: Unknown
2014-10-29 PAST TOP PICK Sears Holdings Corp.
SHLD-Q
Don Lato

(A Top Pick Nov 27/13. Down 27.47%.) Probably the most speculative holding that he holds in his portfolios. The question is, is this company going to run out of cash before it is able to capitalize on the underlying value of its assets, which he thinks are still very, very significant. There is a huge Short position on it.


Price: $36.990
Subject: NORTH AMERICAN
Bias: BULLISH
Owned: Yes
2014-10-29 WEAK BUY Stryker Corp.
SYK-N
John Stephenson

Generally, this is fine. It is a good company. They do medical beds, surgical implants and things like that. Has struggled at various points, but overall he feels there is a bit of a renaissance in healthcare and hospitalizations. Probably a mild Buy, not a table pounder.


Price: $86.680
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: BULLISH
Owned: No
2014-10-29 DON'T BUY Telus Corp
T-T
John Stephenson

He is starting to Short the stock. This has been a phenomenal name and he has held it for about 6 years. In all of the telecommunications, the growth is in wireless. Wireless growth in Canada last year was 0.3%, no growth. Mobile penetration is 80%, which sounds great, but a lot less than it is in the US. We are not seeing any growth in the wireless side.


Price: $40.380
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: BULLISH
Owned: Yes
2014-10-29 PAST TOP PICK Toronto Dominion
TD-T
John Stephenson

(A Top Pick Nov 13/13. Up 16.21%.) Thinks this is the best in breed in Canada. It has done international expansion right. Focused in the best part of the US. Thinks it is in the right places. They have the ability to cross sell.


Price: $54.370
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: BULLISH
Owned: Yes
2014-10-29 TOP PICK Toronto Dominion
TD-T
Don Lato

Has been underperforming the others a little bit over the last 2 or 3 months. 6% off the high back in the summer. There may be some concerns over the change in leadership, but the new person stepping in has been with the bank for many years. Great exposure in the US. Huge deposit base there, that they will hopefully exploit. The multiple is back in line, if not lower than some of the others. 3.5% yield.


Price: $54.370
Subject: NORTH AMERICAN
Bias: BULLISH
Owned: Yes
2014-10-29 WEAK BUY Trinidad Energy Services
TDG.UN-T
John Stephenson

This is one of the newer rig fleets, so he thinks it is quite attractive. Also, they are more of a drilling company, as opposed to a fracing company. A global company with rigs in Australia as well as Canada and the US. He would classify this as a cautious Buy. Historically between now and the end of March is a good time to be in these.


Price: $10.500
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: BULLISH
Owned: Unknown
2014-10-29 BUY Tourmaline Oil Corp
TOU-T
Don Lato

Thinks you can buy this one here and just hold your nose a little. This company has always been very, very well financed. Have always been ahead of the game in funding their exploration programs. This gives you an opportunity to buy it at 6X cash flow for next year. The cheapest valuation that this company has been at since it went public almost 4 years ago.


Price: $40.450
Subject: NORTH AMERICAN
Bias: BULLISH
Owned: Yes
2014-10-29 COMMENT Tesla Motors Inc
TSLA-Q
Don Lato

Wouldn't want to own this for the longer term. At 73X next year's earnings, as great as this company is, it is not the kind of stock he would want to own long-term. Way too pricey for him.


Price: $238.100
Subject: NORTH AMERICAN
Bias: BULLISH
Owned: No
2014-10-29 BUY United Parcel Services
UPS-N
John Stephenson

FedEx (FDX-N) or UPS (UPS-N)? Right now would be a good time to buy either of these as you have the holiday season coming up, which is usually a good time for delivery companies. Fuel is a huge component going forward, and the current correction in fuel costs will be good, so this would be an attractive time. He would probably rank this one over FedEx as he expects it would have a little more upside at this point.


Price: $102.620
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: BULLISH
Owned: Unknown
2014-10-29 TOP PICK Westjet Airlines
WJA-T
John Stephenson

A little more defensive than Air Canada and in better shape with newer planes and no unionization. Not only has there been a pullback in price on the stock, but there has been a pullback in fuel, which is the largest operating cost. On a forward basis, they trade from 4.5% to 7.5% X EBITDAR (the “R” is for plane rentals). Also, it has been oversold. Yield of 1.53%.


Price: $31.580
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: BULLISH
Owned: Yes
2014-10-28 N/A A Comment -- General Comments From an Expert
A Commentary
Mike S. Newton, CIM FCSI

Markets. Markets are born on pessimism, mature on optimism and die on euphoria is a quote from Sir John Templeton. If that is the case, he would say that we are not in any kind of euphoric stage, and for five years we have not been in that moment. We are still in too much skepticism since 2008. Still a lot of nervous money on the sidelines. The stronger US$ certainly feels like a trend for the time being. Looking around globally, you have the uncertainty in Europe, the question if abenomics for Japan will really take hold, emerging markets have gone through another disconnect, Brazil's election, Russia, etc. There are a lot of things going on that are making the US$ look very, very strong. This is something you want to take advantage of in portfolios. Austerity measures in Europe, combined with pretty tight monetary policy that are tight compared to what they should be, hasn't really spurred a lot of growth in Europe. Probably the biggest thing he is concerned with is if the US gets pulled down by the periphery. If they can hold in and lasso and bring back the rest of the laggards with them, then he thinks we are on to new highs. Before adding to new positions, wait to see what Janet Yellin has to say. If she decides to continue with QE, that could be taken very negatively by the markets. He has been very heavily weighted to the US.


Price: $0.020
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BEARISH on ENERGY
Owned: _N/A
2014-10-28 N/A A Comment -- General Comments From an Expert
A Commentary
Mike S. Newton, CIM FCSI

Auto stocks? The problem with Ford (F-N) and General Motors (GM-N) is that they may be looking at 3%-5% year-over-year growth. Analysts don't see what the next move is in these 2 companies. You have to be very careful with this major change in gas and energy, which has caught a lot of people by surprise. The issue with Magna (MG-T) is their 40%-45% exposure to Europe.


Price: $0.020
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BEARISH on ENERGY
Owned: _N/A
2014-10-28 N/A A Comment -- General Comments From an Expert
A Commentary
Brooke Thackray

Markets. October is typically the most volatile month of the year. Last Wednesday was just one of those days where it all came together and impacted at the same time. Right now we are moving into a time period where volatility tends to die down, but we are still going to get some. During this time period in September and October, he has largely been in cash. As of yesterday, he switched his portfolio to be fully invested in equities. Stocks are fairly valued now. Looking at a forward PE basis, there is nothing wrong with that. The “beats” last Friday were about 70%, which is good.


Price: $0.020
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: OPTIMISTIC
Owned: _N/A
2014-10-28 N/A A Comment -- General Comments From an Expert
A Commentary
Brooke Thackray

Gold. The seasonal period for gold has actually gone up in the last few years. It didn't work in 2014 and has actually come down. Chart shows gold is putting in a bottom. From a technical perspective, it actually looks like it has some support here.


Price: $0.020
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: OPTIMISTIC
Owned: _N/A
2014-10-28 N/A A Comment -- General Comments From an Expert
A Commentary
Brooke Thackray

High-yield corporate bonds? These will give you an equity component as well as an income component as compared to government bonds. These perform well when equities tend to perform well. The seasonal period for these is basically from October to the beginning of January.


Price: $0.020
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: OPTIMISTIC
Owned: _N/A
2014-10-28 N/A A Comment -- General Comments From an Expert
A Commentary
Brooke Thackray

Uranium? This is hard because the buying cycle is so long. Chart shows a downward trend since 2012 and is now showing a little bit of sideways movement. Seasonally uranium can start to do well this time of the year and into November. Technically it is okay.


Price: $0.020
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: OPTIMISTIC
Owned: _N/A
2014-10-28 N/A A Comment -- General Comments From an Expert
A Commentary
Brooke Thackray

Banks or insurance companies? They both tend to perform at the same time. The difference generally is that insurance companies benefit from rising rates, but the banks do not. Right now his tendency would be towards the banks. Banks tend to perform well from Oct 10th into the end of the year. Watch out. Last year, the banks had really strong earnings in August and it pushed all the way up into the seasonal period, and once the earnings came out, they fell flat.


Price: $0.020
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: OPTIMISTIC
Owned: _N/A
2014-10-28 COMMENT Altagas Ltd
ALA-T
Brooke Thackray

The market could still have some volatility. Chart shows it has broken its longer-term up trend, so there might be some congestion here. If you love this company and want to be there, it is okay to step in at this point.


Price: $47.460
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: OPTIMISTIC
Owned: Unknown
2014-10-28 TOP PICK Alimentation Couche-Tard (B)
ATD.B-T
Mike S. Newton, CIM FCSI

With the dislocation of resource stocks in Canada, he believes that names like this are going to see the benefit of outflows from that volatile sector. You also have their move of fresh foods rolling out into some of their stores. Yield of 0.48%.


Price: $37.790
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BEARISH on ENERGY
Owned: Yes
2014-10-28 PAST TOP PICK Activision Blizzard
ATVI-Q
Mike S. Newton, CIM FCSI

(A Top Pick Nov 6/13. Up 13.46%.) He got stopped out of this, but did very well in a short period of time.


Price: $19.230
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BEARISH on ENERGY
Owned: No
2014-10-28 PARTIAL SELL Amaya Gaming Group Inc.
AYA-T
Mike S. Newton, CIM FCSI

This has been all the rage in the last little while, and returns have been quite substantial. Feels that 70%-80% of the revenues are still coming from Europe, not the US or Canada. If the situation in Europe does not right side itself, there could be some issues. If you own, consider taking some of your profit off the table and letting the rest run.


Price: $32.950
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BEARISH on ENERGY
Owned: No
2014-10-28 HOLD Alibaba Group Holding
BABA-N
Mike S. Newton, CIM FCSI

The trend is really their friend in what they are trying to do. If you own, you are in good shape and he would continue to hold tight.


Price: $99.680
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BEARISH on ENERGY
Owned: No
2014-10-28 TOP PICK Brookfield Asset Management (A)
BAM.A-T
Mike S. Newton, CIM FCSI

Diversified globally and extremely well-managed. This gives you a basket of really strong global assets. They will benefit from pension funds and governments that want to own solid vehicles. Their record of acquisitions has been very conservative. Cash flow continues to increase. Yield of 1.29%.


Price: $54.050
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BEARISH on ENERGY
Owned: Yes
2014-10-28 COMMENT BlackBerry
BB-T
Mike S. Newton, CIM FCSI

He is not buying into the turnaround story. Found that the Passport was too big for his hand, and he can't see this taking off. John Cheng has done a great job. He just can't see this company being a long-term standalone vehicle.


Price: $11.920
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BEARISH on ENERGY
Owned: No
2014-10-28 COMMENT Bombardier Inc (B)
BBD.B-T
Brooke Thackray

Usually stocks like this do well this time of the year. Chart shows a “forever” trend of up and down. Maybe when it gets back up to around $5, you might want to actually take a look as it may come back down again. Technically, it has broken its trend, beginning to consolidate, and starting to move up. He likes the stock at this point. From a technical and seasonal basis, it looks good.


Price: $3.900
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: OPTIMISTIC
Owned: Unknown
2014-10-28 COMMENT Brookfield Renewable Energy
BEP.UN-T
Brooke Thackray

These are hybrid companies as far seasonality goes, so it is not quite the same. However, you would find it typically performing well at this time of year. Technically, it is doing quite well. This is one that you want to continue to hold right through to the springtime.


Price: $35.660
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: OPTIMISTIC
Owned: Unknown
2014-10-28 COMMENT Canadian National R.R.
CNR-T
Mike S. Newton, CIM FCSI

Thinks this should be a part of everybody's portfolio. One of the best in class operators with precision railway logistics. Looks like it has a lot of headwinds, including the coal business. Also, have a hefty pension liability that they are facing. There is no reason not to continue owning this in the future.


Price: $78.250
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BEARISH on ENERGY
Owned: Yes
2014-10-28 COMMENT Crescent Point Energy Corp
CPG-T
Brooke Thackray

Suncor (SU-T) or Crescent Point (CPG-T)? Two totally different stocks. We might still see oil production pushing down here a little bit, but that will take a little while for it to roll through. He looks at this from a seasonal perspective. If the oil sector really starts to ramp up here, you are going to get more bang for your buck out of Crescent Point. Because the energy sector is out of its seasonal period, he would be going with a more defensive oil play, which is Suncor.


Price: $37.680
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: OPTIMISTIC
Owned: Unknown
2014-10-28 DON'T BUY Cisco
CSCO-Q
Mike S. Newton, CIM FCSI

Hasn't owned this for 12 years. It is still very important to the global infrastructure of what goes on in technology. He doesn't think you will see PEI multiples expanding at any great clip in the space. He would rather be in a newer and fresher technology space.


Price: $24.065
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BEARISH on ENERGY
Owned: No
2014-10-28 PAST TOP PICK Catamaran Corp.
CTRX-Q
Mike S. Newton, CIM FCSI

(A Top Pick Nov 6/13. Down 0.27%.) Doesn't seem to be getting any traction. Had a really good 8-9 year run, but has been a disappointment in the last year and a half or so. Has done a lot of acquisitions, and he thinks the market is waiting for another acquisition to happen.


Price: $42.720
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BEARISH on ENERGY
Owned: Yes
2014-10-28 WAIT Detour Gold
DGC-T
Brooke Thackray

As everyone knows, gold has been sliding for the last few years. In its seasonal period, from July until the end of September, it has actually performed quite well up until this year. Last year, gold really got crushed in December and bounced up in January. The stock dropped during 2013 and has been consolidating in 2014. Not in bad shape. Gold can be positive in November. He doesn't call it a seasonal trade because it does not outperform the market, which is one of his criteria. On a technical basis, he would wait for this to consolidate a little bit more.


Price: $8.510
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: OPTIMISTIC
Owned: Unknown
2014-10-28 HOLD DHX Media
DHX.B-T
Brooke Thackray

Very good company and well-run. Building up their library and have done extremely well. It is seasonally significant that you would hold this at this time, and probably right into May. You might let this run.


Price: $9.540
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: OPTIMISTIC
Owned: Unknown
2014-10-28 BUY Walt Disney
DIS-N
Mike S. Newton, CIM FCSI

Did really smart moves 15-20 years ago with the ABC purchase. There is a lot going on inside that he is really positive about. There is a Star Wars movie coming out in December. Marvel continues to license and put out new shows.


Price: $89.930
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BEARISH on ENERGY
Owned: Yes
2014-10-28 PAST TOP PICK Walt Disney
DIS-N
Brooke Thackray

(A Top Pick May 14/14. Down 11.13%.) Short. A great company and really well-run. He wasn't shorting the company; he was shorting the trend that takes place. This company tends to underperform during summer months. This year, that didn't work. Seasonally, this is a good time to be in this stock.


Price: $89.930
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: OPTIMISTIC
Owned: No
2014-10-28 COMMENT Goldcorp Inc
G-T
Mike S. Newton, CIM FCSI

Probably the best large gold company. Switzerland is having a referendum vote, where they want to bring back the gold standard back to Switzerland. There is quite a big groundswell of support. If this happens, there are estimates that there will be a lot of gold buying. Feels that gold bulls are grasping at straws sometimes. He doesn't own any gold positions.


Price: $25.080
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: BEARISH on ENERGY
Owned: No
Showing 1 to 120 of 133,467 entries
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