Recent Opinions | StockChase
stockchase picture

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

Recent Opinions

Print
Date Signal Company Expert Opinion Price
2017-10-18 N/A A Comment -- General Comments From an Expert
A Commentary
David Burrows

Market. The 10-year chart for the S&P 500 is a thing of beauty. Trading at record levels. If looking at PEs vs estimates, there are people who will point out that the PE multiples have been moving higher, so prices are higher. Last quarter, 55% of companies beat the estimates, so estimates are too low. That has been rising. PE multiples that people are looking at are probably making stocks look more expensive than they are. Secondly, we are in an extremely low interest rate environment, and PEs can be higher. We are in a secular bull market for equities. It didn’t start until 2013. When you took out the highs from the last bull market in 2000, that was the 1st year of multiple expansion, and multiples have been expanding since. There will be corrections, but expects equities between 2013 and 2023 are probably in the teens from a return standpoint. The volatility we have been seeing, that everyone is saying is so low, is virtually identical to the early 90s and identical to the early 50s. Both were in secular bull markets. We will see a good-sized correction out there somewhere, but none of his work points to any of the things that would be happening if it were coming up soon. As long as the percentage of stocks performing well are expanding, there is no bear market or correction that has ever taken place while that is happening. The most important thing in the way a market is behaving, is how it reacts to news. For example, there have been lots of big news items last year and the market hasn’t cared.


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: _N/A
2017-10-18 N/A A Comment -- General Comments From an Expert
A Commentary
David Burrows

Stop losses? He uses point and figure price charts, which mark out the orderly progress of either higher highs and higher lows, or lower lows and lower highs. He would encourage you to get a book on this. A very good one would be Tom Dorsey on point and figure charting. In the absence of that, for a longer-term investor, you could use a 150-day moving average. It is amazing how often a stock pulls back and then reverses higher at their 150-day moving average. If a stock dipped below this on heavy volume, that would be a good reason to become a seller.


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: _N/A
2017-10-18 COMMENT A Comment -- General Comments From an Expert
A Commentary
David Burrows

Good stock or ETF for medical devices? He likes the area as a sector. If you check out iShares DJ Medical Devices ETF (IHI-N), it had a wonderful rally through 2016 into July 2017. Since then it has consolidated sideways, and is within a whisper of breaking out to a new high. The group is a little more economically sensitive than big Pharma, because more of these things are paid for by people who have more confidence to buy. You could also look at Stryker (SYK-N), which he owns, which manufactures hips and knees.


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Unknown
2017-10-18 N/A A Comment -- General Comments From an Expert
A Commentary
Brian Madden

Market.  The TSX has come roaring to life post labour day.  Patience and diversification paid off.  Stocks don’t go up in a straight line.  Last year Canada was the star and this year, US stocks were the top of the leader board.  He has mainly balanced portfolios.  The round number fixation on 23k will get fixated on and this is nothing unexpected.  It is probably not a reason to be nervous right now.  Don’t try to pinpoint the top or bottom of a market but maintain a balanced portfolio.  Fixed income has been sobering.  The main benchmark index has been negative two quarters in a row.  It is important for investors to realize that rising interest rates may dampen capital value of bonds, but it means when they renew, there are higher interest rates.  The do have a place in a portfolio.


Price: $0.020
Subject: CANADIAN
Bias: UNKNOWN
Owned: _N/A
2017-10-18 DON'T BUY A Comment -- General Comments From an Expert
A Commentary
Brian Madden

Utilities.  He is not particularly favourable on utilities right now because we are in a rising interest rate environment.  Utilities tend to suffer multiple compression in that kind of environment as they are a bond proxy.


Price: $0.020
Subject: CANADIAN
Bias: UNKNOWN
Owned: Unknown
2017-10-18 COMMENT A Comment -- General Comments From an Expert
A Commentary
Brian Madden

Canadian Dollar vs. US Dollar.  He won’t forecast the near term trend on the exchange rate.  To protect a portfolio against a rising dollar is to run a balanced portfolio of Canadian and US equities as well as fixed income.  If you are only considering Canadian companies than buy those that generate the majority of their revenue in the US.  If you think the US dollar is going higher you want to underweight Gold and gold equities.


Price: $0.020
Subject: CANADIAN
Bias: UNKNOWN
Owned: Unknown
2017-10-18 BUY Apple
AAPL-Q
David Burrows

(Market Call Minute.) You are making a bet here on augmented future reality, which is what they have done with their phones.


Price: $159.760
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Yes
2017-10-18 BUY Pure Industrial Real Estatetrust Trust
AAR.UN-T
David Burrows

Industrial properties. It is more cyclical and more tied to the business cycle. As business gets better, it will likely be able to raise rents. It has now pulled back to the 150-day moving average, which is a good place to buy it. Dividend yield of 4.8% is pretty attractive.


Price: $6.440
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: No
2017-10-18 SELL Allergan PLC.
AGN-N
David Burrows

(Market Call Minute.) A broken stock and he would Sell it and move on.


Price: $187.150
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Unknown
2017-10-18 COMMENT Algonquin Power & Utilities Corp
AQN-T
David Burrows

If you are going to be in this space, you are going to have to have growth, and this company has that. This is way outperforming the group. 4.3% dividend yield. (See Top Picks.)


Price: $13.910
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Yes
2017-10-18 PAST TOP PICK Alimentation Couche-Tard (B)
ATD.B-T
Brian Madden

(A Top Pick Dec 7/16, Up 4%)  It has been underwhelming over the last 10 months.  It is an illustration of why you want to be patient and diversified.  It is a building block and serves a purpose.  What has held it back is a miss-guided belief that electric cars will kill the internal combustion engine, which he does not accept.  The decline is based on a decline in fuel traffic which in turn means a decline in convenience store sales.  He continues to like this one.


Price: $59.110
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2017-10-18 BUY Alibaba Group Holding
BABA-N
David Burrows

(Market Call Minute.) If you believe in online retail, you have to believe in this company. They control China. They have the opportunity to become the world’s biggest payment company. The risk is political.


Price: $179.610
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Unknown
2017-10-18 TOP PICK Bank of Nova Scotia
BNS-T
Brian Madden

It has been a strong performer this year.  It has outperformed the TSX in 18 of the last 25 years.  They have a strong footprint in rapidly growing economies.  It is a catalyst rich situation.  It is just at its 200 day moving average where it has support.  It is a perennial buy and hold.  (Analysts’ target: $86.50).


Price: $80.650
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2017-10-18 COMMENT CAE Inc
CAE-T
David Burrows

He likes aerospace, both on the defence side and civil aviation side. This company really has sort of a lock on simulators, etc. He thinks the stock is okay. It pulled back to the 150-day moving average a little while ago and rallied off of that, and is trading at about $1 below its high. They have broad exposure across the sector. He wouldn’t have a problem with it, but there might be some better technical names to look at.


Price: $21.930
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Unknown
2017-10-18 DON'T BUY Crescent Point Energy Corp
CPG-T
Brian Madden

One of the larger E&P companies in the sector.  He has not been that keen on the sector as of late.  The problem is a lack of pipeline capacity to get the product out.  Western Canadian Crude is trading at a decent discount.  Profitability is not where he would like to see it with most of these Canadian companies.  You want to go best of breed.  You want to own downstream assets.  He prefers SU-T because of great upstream assets as well as refineries and service stations. 


Price: $9.350
Subject: CANADIAN
Bias: UNKNOWN
Owned: Unknown
2017-10-18 HOLD Cisco
CSCO-Q
David Burrows

Since the market ticked up in February 2016 it has been a very steady rally. The leading group off the bottom was technology. Almost always, a group that leads off the bottom will continue in the course of the cyclical rally. This group continues to lead the market. Old tech is not expensive, it is like 14X earnings. They have great cash flow. This is not the best stock in the group, but if you own it continue to hold it.


Price: $33.550
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Unknown
2017-10-18 SELL Concordia International Corp
CXR-T
Brian Madden

It has lost the overwhelming majority of its value.  It is burdened with leverage.  It is important to step back and take a cold, clinical view of it.  The market does not care what you paid for it.  The prospects going forward don’t look very favourable for it.  The subordinate debt went into default this week.  The stock is more of a lottery ticket.


Price: $1.210
Subject: CANADIAN
Bias: UNKNOWN
Owned: Unknown
2017-10-18 COMMENT Enbridge
ENB-T
David Burrows

We are in a low interest rate environment, and pipelines are something people would own if they believed we are staying in a low interest rate environment. From 2009 to 2014, there was an enormous boom in production, which meant tolls went up a lot. As they went up, earnings, cash flow and dividends went up, and the multiples that investors were prepared to pay went up. They turned into growth stocks. Then volume growth started to slow down, so the multiple has been compressing. He wouldn’t focus in bond proxies such as this.


Price: $50.420
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Unknown
2017-10-18 TOP PICK Enbridge
ENB-T
Brian Madden

The largest pipeline operator in North America.  They just acquired a US pipeline and that makes their network that much bigger and more diversified.  It yields about 4.7% which is much longer than its long run average.  There is a very clearly articulated plan to grow the dividend at 10-12% compound rate of return over the next 4 years.  (Analysts’ target: $60.00).


Price: $50.420
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2017-10-18 BUY Enbridge Income Fund Holdings
ENF-T
Brian Madden

It is part of a broader umbrella used as a vehicle for asset ‘drop down’ to enjoy a lower tax rate.  It has done fairly well over the long haul but sold off as of late.  He plays pipelines thought the parent, however.  But he has no qualms with this one.


Price: $31.110
Subject: CANADIAN
Bias: UNKNOWN
Owned: No
2017-10-18 TOP PICK FedEx
FDX-N
David Burrows

This is very sensitive to the global economy. They bought TNT and have been integrating that and reducing costs. As economic activity picks up, these quick deliveries accelerate and the pricing power improves. This is not just the US. Every major developed economy is accelerating at the same time. Dividend yield of 0.9%. (Analysts’ price target is $239.)


Price: $222.300
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Yes
2017-10-18 TOP PICK CGI Group (A)
GIB.A-T
Brian Madden

There is a new CEO in the last year.  It is likely he will put his stamp on the company in some form.  It is Canada’s largest IT services company.  They could make a transformational acquisition.  They have a history of doing this.  It is a good play on the US economy where they have their largest customer.  (Analysts’ target: $74.00).


Price: $66.780
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2017-10-18 BUY Intel
INTC-Q
David Burrows

He watches semiconductor stocks as a bellwether for the market. This consolidated between $38 and $33 from September until September. Then it broke out and went to $40, traded sideways for 8-9 days, and is breaking out again today. He is a big bull on the semiconductor cycle for the Internet of things. This is a really attractive company, and is talking about splitting itself sometime.


Price: $40.250
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Unknown
2017-10-18 PAST TOP PICK Ingersoll-Rand Co
IR-N
David Burrows

(A Top Pick November 22/16. Up 23%.) He continues to like the industrial sector. Machinery is slowly becoming interconnected. The capital stock of the US economy is the oldest it has been in history. In the last year, companies who are spending, are being rewarded by the share prices going up.


Price: $91.220
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: No
2017-10-18 PAST TOP PICK JP Morgan Chase & Co
JPM-N
David Burrows

(A Top Pick November 22/16. Up 28%.) This could be another Top Pick today, if he hadn’t chosen it 3 times in the past year. Financials will benefit from a reflation cycle, probably for 5-6 years. US financials are trading at about 1X their BV, and have traded as high as 3X in the past. The best bank in the US.


Price: $97.990
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Yes
2017-10-18 DON'T BUY Keyera Corp
KEY-T
Brian Madden

He lumps it into the bond proxy bucket and so does not own it.  He would prefer ENB-T because it has an element of growth – a high dividend close to 5% and an explicit plan to grow the dividend 10-12% a year.  You need this to avoid multiple compression.


Price: $37.220
Subject: CANADIAN
Bias: UNKNOWN
Owned: No
2017-10-18 PAST TOP PICK Manulife Financial
MFC-T
Brian Madden

(A Top Pick Dec 7/16, Up 12%)  The macro environment benefited it.  They have a strong wealth management franchise which is growing market share.  They have a very strong and rapidly growing Asian business.  Their new CEO is a strong leader.


Price: $25.860
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2017-10-18 PAST TOP PICK Magna Int'l. (A)
MG-T
Brian Madden

(A Top Pick Dec 7/16, Up 15%)  Canada’s largest auto parts company.  It traditionally trades at a discount to the market.  It is an extremely profitable and rapidly growing company.  The recent surge is caused by industry specific forces and news releases.  Hurricanes in the US have affected half a million cars which will create increased demand for parts.


Price: $68.590
Subject: CANADIAN
Bias: UNKNOWN
Owned: Yes
2017-10-18 BUY Metro Inc (A)
MRU-T
Brian Madden

There are two equal and offsetting forces.  They just made a large acquisition, taking them off their main strategy.  It looks like it will be accretive.  He likes the deal.  The offsetting headwind is the incursion of AMZN-Q into grocery.  He thinks this is overdone.  Whole foods does not have that big a presence in Canada.


Price: $40.870
Subject: CANADIAN
Bias: UNKNOWN
Owned: No
2017-10-18 TOP PICK Morgan Stanley
MS-N
David Burrows

This is the #1 equity trader and probably the most successful trading shop today. They are a big beneficiary of higher rates. They hold net cash balances for their clients. Has a giant private client business, $3 trillion in assets they take care of. Dividend yield of 2%. Will also benefit from the deregulation of business. (Analysts’ price target is $52.50.)


Price: $50.150
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Yes
Showing 1 to 30 of 169,431 entries
<< < 1 2 3 4 5 > >>