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

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Date Signal Company Expert Opinion Price
2014-11-25 N/A A Comment -- General Comments From an Expert
A Commentary
John Stephenson

Markets. Thinks the markets will go higher. Valuations are looking a little stretched, but there is no other game in town. Commodities don’t look attractive, bonds don’t look attractive, real estate has been good but he doesn’t see that going much higher. We are in a multi-decade bull market movement in equities. It has gone on for 5 or 6 years now, but what kills a bull market are recessions, and he doesn’t see this, at least not south of the border. The likelihood is that we are marching towards an eventual Fed tightening. Whether it is in the 1st half or the 2nd half of next year is hard to predict, but he tends to be in the 1st half. Once we see that happening, it will be clear that the rally in bonds is over, once and for all. Money that is sitting in bonds is eventually going to have to find a home, and he thinks that is going to be in equities. Equities in this low rate low inflation environment still offer good value, even at this level. You have to pick your best horse, and he thinks that is in US equities, simply because the US has the best fundamentals anywhere in the globe. Because growth is strong and it is rebounding, you want to be in cyclicals i.e. 1) industrials, 2) technology and 3) energy-later cycle, but keep in mind that energy will be quite weak in its financials. And then energy and materials much later.


Price: $0.020
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: BULL on US EQUITIES
Owned: _N/A
2014-11-25 N/A A Comment -- General Comments From an Expert
A Commentary
John Stephenson

Energy. OPEC is debating whether to reduce the quota, which is roughly 30 million barrels a day. It really comes down to Saudi Arabia and what they want to do. Saudi Arabia and Iran do not exactly see eye to eye. Nor does Iran and Venezuela, etc., etc. There are huge agendas which has a lot to do with 1) religion, and 2) who is facing sanctions. All of this is weighing on energy, so there is no consensus. However, the history of OPEC has been one of making a statement and then cheating amongst themselves. Thinks oil will remain under pressure, so for oil investors, that is bad news.


Price: $0.020
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: BULL on US EQUITIES
Owned: _N/A
2014-11-25 N/A A Comment -- General Comments From an Expert
A Commentary
David Burrows

Markets.  For 18 months, his view has been that we are in a new secular bull market for stocks. Fullbacks are likely to be shallower and shorter lived than we have seen over the last many years. When you have a market that is both growing earnings and a slowly expanding multiple of earnings that investors are prepared to pay, it is a very durable market. For consumer led developed economies, very low inflation is a really great thing. This is because the consumer has a little more money to spend and balance sheets are getting better and there are some big sectors that are big winners from low energy prices and low inflation. This would include transportation and retail. In the US economy, 72% of the activity comes from the consumer. He came out of the move in October, well over 97% invested, so very few of his Stops got hit. The biggest reduction he had from a sector exposure, starting in July and into August, was largely leaving the energy sector. The money was moved more towards things that were more consumer concentric, healthcare centric, transportation centric or technology centric.


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: _N/A
2014-11-25 COMMENT A Comment -- General Comments From an Expert
A Commentary
David Burrows

Markets. For 18 months, his view has been that we are in a new secular bull market for stocks. Fullbacks are likely to be shallower and shorter lived than we have seen over the last many years. When you have a market that is both growing earnings and a slowly expanding multiple of earnings that investors are prepared to pay, it is a very durable market. For consumer led developed economies, very low inflation is a really great thing. This is because the consumer has a little more money to spend and balance sheets are getting better and there are some big sectors that are big winners from low energy prices and low inflation. This would include transportation and retail. In the US economy, 72% of the activity comes from the consumer. He came out of the move in October, well over 97% invested, so very few of his Stops got hit. The biggest reduction he had from a sector exposure, starting in July and into August, was largely leaving the energy sector. The money was moved more towards things that were more consumer concentric, healthcare centric, transportation centric or technology centric.


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: _N/A
2014-11-25 COMMENT A Comment -- General Comments From an Expert
A Commentary
David Burrows

Energy. There is no indication that the weak pricing is about to abate. Has felt for the last 12-18 months, this is a sector where the tide is going out. Commodity prices are dependent on the last dollar of demand, and if production is growing more quickly than supply, then you have a problem. We are going through the greatest oil boom in the history of the US.


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Unknown
2014-11-25 TOP PICK Apple
AAPL-Q
John Stephenson

Looking at technology, it has become a bifurcated market. Some of them are just getting smoked and some are struggling, and yet you see this one trading at a relatively low multiple. It really has the best ecosystem in technology. There are well over 50% margins on the iPhone. Don’t know what their sales are yet officially, but there are rumours they are in the 60 million+ already. He thinks it is certainly worth north of $150 a share. Yield of 1.58%.


Price: $117.600
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: BULL on US EQUITIES
Owned: Yes
2014-11-25 COMMENT American Tower
AMT-N
David Burrows

This has been a real success. They own cell towers globally, with about 67% in the US. A couple of years ago they converted into a REIT. This is like an apartment building where you just keep adding floors to it. As the service providers continue to add equipment as data use goes up, they just get more and more revenue. A great company. Thinks we will continue to see more dividend growth. They have a positive runway going forward. Earnings this year should be up 22% and 15%-16% after that. They plan to spend less money over the next couple of years, so will be able to grow their payout substantially and more rapidly.


Price: $104.170
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Yes
2014-11-25 SPECULATIVE BUY Amaya Gaming Group Inc.
AYA-T
David Burrows

This is a company that people are buying for the future. Have about 200 different games they’re selling online and are trying to work their way into the online gaming business through Poker Stars. Potentially an enormous market if they can capture 10% of it. This is a call on the likelihood of online gaming being legalized in various states. There are a lot of risks in that.


Price: $38.230
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Yes
2014-11-25 BUY Bank of America
BAC-N
David Burrows

This has gone through the mill in the last few years. The US banks did a great job in recapitalizing their balance sheets. Has worked its way through all its lawsuits and the US economy is steadily getting better. This bank is getting slowly and steadily better along with it. There is, and continues to be, outsized opportunity for dividend growth.


Price: $17.100
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Yes
2014-11-25 STRONG BUY Brookfield Asset Management (A)
BAM.A-T
David Burrows

A highly predictable company with wonderful underlying assets. Have lots of different types of assets that they manage. It is fee revenue that they generate. Have a great history of continuing to build assets. About 40% of their business is in the US, 20% in Canada and 20% in Australia. There is great visibility in the fee revenue they generate. Management has a great record of allocating capital. This could be a core position in almost any portfolio.


Price: $56.380
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Yes
2014-11-25 WATCH Bombardier Inc (B)
BBD.B-T
John Stephenson

Longer term, more than a year, it has a very attractive future. Fundamentals are quite good and the stock is inexpensive on a multiple basis. The issue short term, less than a year, is essentially a weaker future. Spending a lot of money, so are incurring a lot of capital expenditure to develop the C series. The ramp to development of the C series order book is not all that clear. There have been a lot of issues with the C series. It will probably be a year before he is ready to commit money.


Price: $4.400
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: BULL on US EQUITIES
Owned: No
2014-11-25 HOLD Bonavista Energy Corp
BNP-T
John Stephenson

Thinks this is okay. Doesn’t see a tremendous amount of catalysts for it. He is struggling to find names that will work for investors in the relatively near term, 5-6 months, given his bearish outlook for oil and gas. Fundamentally it is fine and doesn’t see any major problems.


Price: $10.760
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: BULL on US EQUITIES
Owned: Unknown
2014-11-25 DON'T BUY Baytex Energy Corp
BTE-T
John Stephenson

Likes that this is heavy oil. It has been a great stock looking out over the past 10 years or so, but it has been very disappointing. Sold most of his holdings, because it just wasn’t working. The issue for all oil companies is oil and oil prices. Oil is $76 and he expects we will touch $60 before we touch $80 again. The term structure and the futures are telling you that, and also he doesn’t see strong global growth. (Absent the US and to a lesser extent Canada.) Doesn’t see the dividend being an issue at present.


Price: $30.610
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: BULL on US EQUITIES
Owned: Yes
2014-11-25 PAST TOP PICK CitiGroup
C-N
John Stephenson

(A Top Pick Nov 7/13. Up to 12.43%.) Cheap. Trading at an 8.5X forward earnings multiple, versus the historical 55 year multiple of 15.5 times. Thinks they’re going to get their capital plan finally approved in March, which will allow for quite a bit of that cash flow to come back in the form of a dividend.


Price: $54.330
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: BULL on US EQUITIES
Owned: Yes
2014-11-25 PAST TOP PICK CI Financial Corp
CIX-T
David Burrows

(A Top Pick Nov 6/13. Up 3.76%.) He really likes the asset management business. If we are in a secular bull market for equities, the companies that have done a good job managing money are likely to see more dollars come in the door. This company has done a great job. Still likes.


Price: $34.350
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Yes
2014-11-25 SELL Connacher Oil and Gas
CLL-T
John Stephenson

The principal problem is the debt and they are poorly capitalized. Also, price of oil has come under considerable pressure. They are developing long-lived assets, which mean there is really not much probability of bringing forward their cash flows into the here and now.


Price: $0.075
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: BULL on US EQUITIES
Owned: Unknown
2014-11-25 BUY Cisco
CSCO-Q
David Burrows

Corporations are full of cash and don’t need to build capacity, but are looking for productivity. One place where they are spending is technology. Technology is expanding very steadily and is one of the best performing groups in the market. This company is not a high growth company like it once was. Have a very strong balance sheet with very steady cash flow growth, buying back shares and increasing their dividend. Expects technology will have a pretty strong market heading into year-end. This would not be his #1 choice. He would prefer Microsoft (MSFT-Q) or Intel (INTC-Q), but you won’t get hurt here. (See Top Picks.)


Price: $27.280
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Unknown
2014-11-25 BUY Canadian Tire Corporation Ltd. (A)
CTC.A-T
David Burrows

Loblaws (L-T) or Canadian Tire (CTC.A-T)? He likes retail. This is probably one of his biggest sector weights. He has more US exposure than Canadian. Thinks the best theme you can focus on is home improvement and this company fits in there. This would be the one that he would choose in a very short run.


Price: $125.400
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Unknown
2014-11-25 COMMENT CVS Health
CVS-N
David Burrows

Walgreen (WAG-N) or CVS Health (CVS-N)? If he had to pick one, it would be this one. It has been a very steady performer. Has nicely growing earnings, about 15% this year and 15% next year. Very highly focused on the consumer. Return on equity has gone from about 11% to about 15% over the last 2 years and is likely to continue to perform quite well.


Price: $90.290
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Yes
2014-11-25 PAST TOP PICK Walt Disney
DIS-N
David Burrows

(A Top Pick Nov 6/13. Up 34.47%.) It is his view that the Cdn$ will continue to back off from the US$, so he has looked at a lot of US ideas. When the consumer has a little more money, the 1st thing they spend it on is travel and leisure, and this company plays into that theme. Their franchises in the movie business are exceedingly good.


Price: $91.650
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Yes
2014-11-25 BUY Dow Chemical
DOW-N
John Stephenson

This is looking a lot better. There is an activist involved, which is one that tends to get the results. The chemical industry in general is one that is ripe for activism. A very cyclical industry. They tend to do things just at the wrong time. In general there is a renaissance in the chemical industry, because of low gas prices and a resurgence of the US oil/gas industry. This is probably a good time to be in this.


Price: $51.390
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: BULL on US EQUITIES
Owned: No
2014-11-25 COMMENT Dow Chemical
DOW-N
David Burrows

One of the big input costs for chemicals is natural gas, and prices have been very weak for natural gas. This company benefits when the economy is a little stronger. It concerns him the way chemical stocks sold off in October. He wouldn’t want to see this dip below $50, so if you own, use that as a Stop. He would like to see it make a new high by trading through $55. Feels there may be better names. 3.2% dividend yield.


Price: $51.390
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Unknown
2014-11-25 PAST TOP PICK Encana Corp
ECA-T
John Stephenson

(A Top Pick Nov 7/13. Up 8.42%.) Thinks the company has done a really good job. A much improved company. Have phenomenal assets. This is the name that should be on every investor’s short list of energy names.


Price: $20.450
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: BULL on US EQUITIES
Owned: Yes
2014-11-25 TOP PICK Element Financial
EFN-T
John Stephenson

Equipment leasing. In a growing and underserved area of the market. He expects to see growth in this market. You can see earnings per share growing at roughly 80% per annum for the next year or so. This will benefit from an eventual recovery in spending on machinery and equipment. A “screaming buy” right now.


Price: $14.760
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: BULL on US EQUITIES
Owned: Yes
2014-11-25 WEAK BUY Ensign Resource Service Group
ESI-T
John Stephenson

Overall, this name is fine, but is very sceptical about land drilling in Canada given what has happened. We are still infrastructurally charged. Gas lines certainly seem to be something that is happening, but oil pipelines are more problematic. Drilling in Canada has definitely slowed over the last 2-3 years. If you want to “trade” the name, seeing that there is some seasonality in gas, that would be fine, but he wouldn’t make it as a long-term hold.


Price: $12.280
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: BULL on US EQUITIES
Owned: Unknown
2014-11-25 COMMENT Fortis Inc.
FTS-T
John Stephenson

Nothing wrong with this one, and has been a really good name for investors, because it has been defensive. However, we are in an era where you are going to see growth in the US, and to a lesser degree Canada, and the economy is coming out of 2008-2009 financial crisis in pretty good shape. As a result, he doesn’t think you want to be in something that is very defensive. Utilities are the most defensive, because they are monopolies, regulated and have limited growth. A 1% move in Canada could reduce the price of the group, between 10 and 15%. He would be looking to take money from this.


Price: $39.180
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: BULL on US EQUITIES
Owned: Unknown
2014-11-25 DON'T BUY Hudbay Minerals Inc.
HBM-T
John Stephenson

Sees this being flat for 1-1.5 years. Doesn’t see any growth. One of your more defensive names because of its cash position, but it is a muddled mixture of zinc, a little bit of copper and gold now. Well run company and a good company, but truthfully the sector that looks the best is copper. He would suggest you buy Lundin (LUN-T), followed by Teck resources (TCK.B-T) and forget about this one.


Price: $9.570
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: BULL on US EQUITIES
Owned: Unknown
2014-11-25 TOP PICK Intel
INTC-Q
David Burrows

The undisputed leader in semiconductors. Many would say they are 3 years ahead of their competition when it comes to manufacturing technology, and they are accelerating their pace of innovation. Somewhat economically sensitive. Dominant in data centres, which has rapidly growing revenues. PC market seems to be stabilizing. Will probably grow 10%-12% a year going forward. They’re returning cash to shareholders by buying back shares and raising their dividend. It will grow its dividend at 15% per year. Yield of 2.64%.


Price: $36.320
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Yes
2014-11-25 PAST TOP PICK Inter Pipeline
IPL-T
David Burrows

(A Top Pick Nov 6/13. Up 38.74%.) Thinks that the long-term story for energy infrastructure is intact. You are probably going to get 8%-10% dividend growth for the next 5 years. For this company, it is a necessary piece of infrastructure for the oil sands in Western Canada. It would take a sustained period of very low energy prices for them to curtail their investment. They have very long contracts.


Price: $34.760
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Yes
2014-11-25 BUY Keyera Corp
KEY-T
David Burrows

Stocks pull back naturally, but what you want to avoid is them reversing direction. This one, over the last 4 years, had a very steady series of higher highs and higher lows. Has pulled back recently but the chart did not reverse lower. A great company in its space. There will be great dividend growth going forward.


Price: $93.120
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Yes
Showing 1 to 30 of 134,360 entries
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