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

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Date Signal Company Expert Opinion Price
2015-05-25 N/A A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

Markets.  Greece.  Will they may their IMF payment?  It is going down to the short strings in terms of negotiations.  He feels the whole world is prepared for a deal NOT to get done.  It will be disruptive for a while, however.  Other countries might consider leaving the Euro.  The UK is lining up for 2017 for a referendum on leaving it.  He believes the Economic union is not working.  The Euro might start to get stronger as countries leave it.  There are questions about where the US will land in terms of their growth.  The number of experts that don’t know what to do is as high as it has ever been.  He thinks we will have low interest rates for years and years.


Price: $0.000
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: _N/A
2015-05-22 N/A A Comment -- General Comments From an Expert
A Commentary
Bill Carrigan

Markets. The US 10 year bonds have gone from minus 2 to over 2. The market, instead of backing off, has gone on to make new highs. He thinks the market is saying that there is a trend to higher interest rates, not booming interest rates, but higher rates. That is good for the economy. We might see a shift from consumer sensitive stocks towards more economically sensitive areas. A chart on transportation averages shows it is rolling over with lower highs and lower lows. However, global infrastructure is now breaking out. The spread between these 2 is narrowing. He would back away from anything to do with consumers. Also, investors should look out more globally, and away from the US.


Price: $0.020
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: _N/A
2015-05-22 N/A A Comment -- General Comments From an Expert
A Commentary
David Cockfield

Canadian economy. We are still going through the process of absorbing gasoline cuts, etc. Doesn’t see inflation as being a problem. There is slow growth on both sides of the border and not a lot of inflationary pressure. Thinks Central Banks are more worried about deflation than inflation. Economic growth in Canada is slow because of Alberta. We are lucky if we can get to the 2% level. The US might get to 2.5%-3%, which would help us along as well. People should be cautious on stocks. It is a very segmented market these days. The Canadian market has the financials, commodities (which are split between oil and gas) and minerals. Doesn’t think the oil/gas stocks as well as the minerals are going to do that well, and you sort of end up with financials, but they are sort of economy stocks that are depending on those other 2 areas. It’s going to be a tough slog for Canada, until we get some stability, particularly in the energy markets. His focus has been on dividend paying stocks with those that would go through any kind of a market. Telephones and pipelines still look reasonable, and the financials are still doing fine. You have to pick your spots carefully. Internationally he is edging up to the 20% mark and still likes the US market.


Price: $0.020
Subject: CANADIAN
Bias: CAUTIOUS
Owned: _N/A
2015-05-22 DON'T BUY A Comment -- General Comments From an Expert
A Commentary
David Cockfield

REITs. He is not super enthused about this sector. Feels most of them have got reasonably well priced these days. Not particularly inclined to recommend one. If we do have interest rate increases, it will probably affect them. He is watching this, and may change his mind. (See Top Picks.)


Price: $0.020
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Unknown
2015-05-22 COMMENT Barrick Gold
ABX-T
Bill Carrigan

Chart shows this has been building a base since 2013. The gold sector, for the 1st time in a while, is starting to look interesting. If you are going to buy into the sector, you are probably better off to just buy the basket through an ETF.


Price: $15.110
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: Unknown
2015-05-22 PAST TOP PICK Acadian Timber Corp
ADN-T
Bill Carrigan

(A Top Pick Nov 11/14. Up 25.54%.) Still likes this and the sector it is in. The trend is higher, so it is a good stock for an investor.


Price: $19.050
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: No
2015-05-22 COMMENT American Eagle Outfitters
AEO-N
Bill Carrigan

Long-term chart shows a downtrend running from 2012 until early this year. As a group, he does not favour them. Not a fan of any of the retail stocks. This one has been an underperformer when the other retail stocks have been rising. He would tend to avoid the group. If you are in it, be very light.


Price: $16.470
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: Unknown
2015-05-22 BUY Alimentation Couche-Tard (B)
ATD.B-T
David Cockfield

In a business where they have shown themselves to be very successful. Have been successful in acquiring more stores, more gas stations. Really good at what they do. With the slow but steady expansion here, and in the US, he thinks there are more opportunities for them. They are going to do all right. Thinks there has been some profit taking here. You could start to buy it here.


Price: $46.940
Subject: CANADIAN
Bias: CAUTIOUS
Owned: No
2015-05-22 DON'T BUY Athabaska Oil Sands Corp
ATH-T
David Cockfield

Oil sands are the most at risk on future pricing. He has never been a fan of this. You have to be careful getting into a long-term project that takes a long time to bring to market, and if the pricing of the product, at some point, may come under pressure. We are in that spot right now


Price: $2.160
Subject: CANADIAN
Bias: CAUTIOUS
Owned: No
2015-05-22 COMMENT Avigilon Corp
AVO-T
Bill Carrigan

Chart shows a long upward trend line, which was violated last year. It also shows an A, B, C correction. There was a key pivot point at around the $25 level. He has never been a big fan of their business model. Currently below the 200 day moving average, this is not a good sign, and doesn’t see much upside.


Price: $17.620
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: Unknown
2015-05-22 COMMENT Badger Daylighting
BAD-T
David Cockfield

A good company and have done extremely well over the years, however their technology is not patentable. They use water pressure to drill, and it is absolutely fabulous if you are putting in fibre optics, or some tricky areas with gas pipes, etc. The trouble is, everybody else can build the same kind of machines and have been doing that. Have more competition now than they had before. This is going to put a bit of a lid on how fast the company can grow.


Price: $29.730
Subject: CANADIAN
Bias: CAUTIOUS
Owned: No
2015-05-22 DON'T BUY Bombardier Inc (B)
BBD.B-T
David Cockfield

A speculative stock. Have a great business in trains, subways and railcars, and have done well and are known throughout the world. The big problem is their airplane. They seem to be working through the C series. If they can get that plane certified and start selling it, this is a great time to be selling that particular type of plane. If it works, it will be fantastic. If it doesn’t, there is some talk they may have to sell off the active part of the business. He would be too risk adverse to recommend this.


Price: $2.470
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Unknown
2015-05-22 DON'T BUY Boardwalk REIT
BEI.UN-T
David Cockfield

You have to recognize that this is focused in Alberta. It has been very, very successful. He would be somewhat cautious about anything in the property real estate area. You are already seeing house prices beginning to decline. There may be some rental problems because of migration out of the province.


Price: $59.320
Subject: CANADIAN
Bias: CAUTIOUS
Owned: No
2015-05-22 COMMENT Bank of Nova Scotia
BNS-T
Bill Carrigan

Compared to the financial sector, it has been a relative performer in the 1st part of 2014, but slightly underperformed this year. Thinks the banks are going to do okay. He would suggest that you buy a basket through an ETF.


Price: $64.610
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: Unknown
2015-05-22 COMMENT Bank of Nova Scotia
BNS-T
David Cockfield

This could be categorized as probably the most conservative Canadian large bank. Have always been extremely cautious. The one problem they might have is that they are not into the financials in terms of new issues, etc. as some of the other banks. This means that with their conservatism, you are not going to get surprised on the upside or downside. The kicker is that their 25% of offshore has a much growthier aspect to it than you are going to get either in the US or Canada.


Price: $64.610
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Yes
2015-05-22 TOP PICK Brookfield Property Partners
BPY.UN-T
David Cockfield

This is sort of a REIT type operation, but is multinational. This is commercial and is in all the big places. They have offices, retail and residential. He feels the Brookfield management is a smart bunch of people that have done very well. Have lots of money and have lots of ammunition to go off and do things. Dividend yield of 4.53%.


Price: $28.480
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Yes
2015-05-22 TOP PICK CAE Inc
CAE-T
Bill Carrigan

(A Top Pick Nov 11/14. Up 6.47%.) The stock is fighting to get above its old highs. If it can clear $15.50-$15.70, we have blue sky and it is on its way. This is aerospace, so you key off Honeywell (HON-N) which made a 52 week high last week.


Price: $15.240
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: Yes
2015-05-22 TOP PICK Com Dev International Ltd.
CDV-T
Bill Carrigan

Likes the technology space and thinks this is an overlooked stock. Chart shows the area of resistance at around $4.30 which broke up through this in April. This is a good story.


Price: $4.880
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: Yes
2015-05-22 COMMENT Chemtrade Logisitics Inc.
CHE.UN-T
David Cockfield

Has several accounts that own this, but at “client direction”. Basically in sulphuric acid. They use acid in steelmaking and those kind of things, so it is very much an economy stock. It has done very well. In an area that he always considers a little higher risk than what he would want to put a lot of money in. He would rather have a bank or a telephone company. Has a nice yield of 5.7%.


Price: $20.910
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Yes
2015-05-22 PARTIAL SELL Canadian National R.R.
CNR-T
Bill Carrigan

Not a big fan of the rails, and thinks they have some headwinds. There is going to be a lot of regulations going on with the movement of crude. There are maybe 1 or 2 rails that are not selling off, because they are consumer related. This has broken down below the 200 day moving average. If you own, he would take advantage of the recovery that is there now and reduce into it.


Price: $74.410
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: Unknown
2015-05-22 COMMENT Canadian National R.R.
CNR-T
David Cockfield

Canadian rails? He is neutral on these. A little concerned on this one as it came off because it became expensive. These are economy stocks and are somewhat cyclical. Oil shipments have slowed down, so you may see their earnings going kind of sideways. On that basis, an 18 multiple is probably a little too high, and perhaps should be down around 15. We may have to wait a few more years before another cycle starts. If this company can get some of the ratios in line with Canadian Pacific (CP-T), it would probably have more room to manoeuvre.


Price: $74.410
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Yes
2015-05-22 COMMENT Canadian Pacific Rail
CP-T
David Cockfield

Canadian rails? He is neutral on these. These are economy stocks and are somewhat cyclical. He is a little concerned that oil shipments have slowed down, so you may see earnings going kind of sideways. On that basis, an 18 multiple is probably too high, and perhaps should be down around15. We may have to wait a few more years before another cycle starts.


Price: $217.770
Subject: CANADIAN
Bias: CAUTIOUS
Owned: No
2015-05-22 COMMENT Canadian Western Bank
CWB-T
David Cockfield

Very much a local Alberta bank, and is so focused in that area that when you see a slowdown going, you have to look at who they lend the money to. There is a higher risk than with other banks, and the market is reflecting that.


Price: $28.820
Subject: CANADIAN
Bias: CAUTIOUS
Owned: No
2015-05-22 COMMENT Concordia Healthcare
CXR-T
Bill Carrigan

Chart shows a long run up with a sort of spiked top. Thinks these types of companies are overcrowded trades. They are driven by promises with great stories. He would just avoid it unless you are a trader.


Price: $83.700
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: Unknown
2015-05-22 HOLD Walt Disney
DIS-N
Bill Carrigan

There is no sign of a top in this. One of a handful of consumer stocks that still wants to go higher. If you are a long-term investor, you stay with it.


Price: $110.260
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: Unknown
2015-05-22 COMMENT Denison Mines Corp
DML-T
Bill Carrigan

Basically you have to watch the price of uranium, and it has to go through $40. The bellwether in the sector is Cameco (CCO-T), so you have to watch that. This stock is not going to do anything unless Cameco breaks out to new highs.


Price: $1.040
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: Unknown
2015-05-22 HOLD Dollarama Inc.
DOL-T
Bill Carrigan

This is a component of the consumer discretionary group. Consumer discretionary has done well. He is worried about the sector, but this one is still an outperform.


Price: $69.440
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: Unknown
2015-05-22 COMMENT Enerflex Ltd
EFX-T
Bill Carrigan

He is not a big fan of the energy sector. Chart shows the stock had a big down and a trading bounce, but it is down again. This is for traders, not investors.


Price: $14.350
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: Unknown
2015-05-22 COMMENT Goldcorp Inc
G-T
David Cockfield

Doesn’t see himself getting interested in gold stocks, until he sees some significant return to an inflationary environment. Right now we are still working our way through a big drop in energy prices, so he sees inflation as being very subdued, perhaps for the next 6-9 months.


Price: $22.520
Subject: CANADIAN
Bias: CAUTIOUS
Owned: No
2015-05-22 BUY Hudbay Minerals Inc.
HBM-T
Bill Carrigan

Copper had a bit of a run and has now pulled back. This stock is definitely outperforming its peers. There are only about 4 of these major stocks that are available, and he would imagine that within a year or 2, at least one is going to disappear.


Price: $11.410
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: Unknown
2015-05-22 DON'T BUY Hudbay Minerals Inc.
HBM-T
David Cockfield

1st quarter earnings were a minus. This is a metals commodity company. The commodity cycle is so negative at this particular point in time. There is lots of copper and there is lots of gold. You are not going to see this do well until this part of the commodity cycle turns. There is no evidence that this is going to be sometime soon.


Price: $11.410
Subject: CANADIAN
Bias: CAUTIOUS
Owned: No
2015-05-22 PAST TOP PICK Lundin Mining Corp.
LUN-T
Bill Carrigan

(A Top Pick Nov 11/14. Up 4.89%.) Chart shows a rising low from 2011, and he thinks there is an inverted head and shoulders pattern in 2014-2015, which is a very bullish sign. There are not many stocks in the sector, so the inventory is low, so it could be subject to takeouts.


Price: $5.820
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: No
2015-05-22 WATCH Norbord Inc.
NBD-T
David Cockfield

With the slowdown in US housing, this collapsed. It has oriented strand board production facilities in Canada, the US and Europe. He liked the way the company operated, and then the bottom fell out and it has been struggling ever since. The big thing they need is to see a turnaround in new start housing in the US. There have been some very good numbers, so he is tempted. Very well-run company and they produce a good product, but you need a very strong new housing market. He has been waiting for this to happen for months now.


Price: $27.750
Subject: CANADIAN
Bias: CAUTIOUS
Owned: No
2015-05-22 TOP PICK Power Financial Corp
PWF-T
David Cockfield

For somebody who wants a nice safe dividend and potential for dividend growth, with good diversification in the financial industry (non-bank and less bothered by excess regulation), with US and Canadian investments. Good management. Dividend yield of 4.05%.


Price: $36.820
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Yes
2015-05-22 DON'T BUY Sherritt International Corp.
S-T
Bill Carrigan

This company has always had headwinds and is underperforming its peers. Chart shows a downward channel, and he would just avoid it and consider it as dead money.


Price: $2.470
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: Unknown
2015-05-22 DON'T BUY Shaw Communication (B)
SJR.B-T
David Cockfield

This has never been one of his favourites. He felt the family was always taking too much out of the pot, and it is focused too much perhaps in Western Canada, particularly in BC. Doesn’t think it is competitive with the big guys. Doesn’t see the kind of forward thinking that is required to survive in that area.


Price: $27.570
Subject: CANADIAN
Bias: CAUTIOUS
Owned: No
2015-05-22 COMMENT Suncor Energy Inc
SU-T
David Cockfield

NDP is now the governing party in Alberta, and have never been particularly corporately friendly. However, he thinks there is enough information for the new government to not to make any huge stupid moves. They have already indicated they are not going to do anything for probably 6 months. Thinks all oil company problems are more related to the price of oil, and has become pretty convinced we are not going to see the price of oil much out of the $60 for the foreseeable future. On that basis, profit margins are squeezed, particularly the oil sands. If you want to add to this, he would do it slowly over the next several years, until we really see how this whole pricing mechanism shakes out.


Price: $37.110
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Unknown
2015-05-22 COMMENT Telus Corp
T-T
David Cockfield

This would be his 2nd choice after Bell Canada (BCE-T). The yield isn’t as big. A very smart management. They are doing all the right things. This is the kind of stock you want to have if you are a little bit concerned about volatile markets, which he is. A good stock to put in your portfolio and put it away and clip the dividend.


Price: $42.090
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Unknown
2015-05-22 PAST TOP PICK Trans Canada Corp
TRP-T
David Cockfield

(A Top Pick May 28/14. Up 10.46%.) A little worried about the long-term prospects. It is still in the process of improving the movement of oil, both south and east, and hopefully they will be able to do more to the west.


Price: $54.020
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Yes
2015-05-22 DON'T BUY Valeant Pharmaceuticals
VRX-T
David Cockfield

A little afraid when he sees an 82X PE multiple, and wonders about what they are going to do to justify it. The pharmaceutical area is reasonably tricky. Remember the bigger they get, the higher the earnings. The bigger the bite they have to take, the better they have to do in terms of absorbing a company to catch the earnings flow. It gets tougher and tougher the bigger you get. Has heard them talking about getting a company in Egypt, which gives him more pause to step back. This is a big multiple and the stock it is going to have to do amazing things to justify that. You can buy Apple (AAPL-Q) under 15X multiple, which is a growth stock.


Price: $291.640
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Unknown
2015-05-22 COMMENT Western Forest Products Inc.
WEF-T
Bill Carrigan

He is bullish on lumber. Thinks it is just the beginning on US housing starts. The whole group is rallying and it is a good place to be. He sees no problem with this stock.


Price: $2.280
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: Unknown
2015-05-22 COMMENT Wal-Mart Stores Inc.
WMT-N
Bill Carrigan

His feeling is that money is leaving the safe sector of the consumer, which includes the retail sector. Money is slowly leaving the consumer sector, and his feeling is that this company will go nowhere. 2.6% dividend yield.


Price: $75.860
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: Unknown
2015-05-22 PAST TOP PICK iUnits S&P/TSX Capped Energy ETF
XEG-T
David Cockfield

(A Top Pick May 28/14. Down 25.76%.) Sold and took a loss. Very cautious on the pricing in oil.


Price: $14.270
Subject: CANADIAN
Bias: CAUTIOUS
Owned: No
2015-05-22 TOP PICK BMO Global Infrastructure ETF
ZGI-T
Bill Carrigan

He wants to be involved with infrastructure. This one trades fairly well and the trend is upwards. Heavily into energy infrastructure. iShares has a global infrastructure ETF (CIF-T) which is less energy infrastructure weighted if you would like that. They are both performing relatively the same.


Price: $34.080
Subject: TECHNICAL ANALYSIS
Bias: UNKNOWN
Owned: No
2015-05-22 PAST TOP PICK BMO Low Volatility Cdn Eqty ETF
ZLB-T
David Cockfield

(A Top Pick May 28/14. Up 26.67%.) This has been a good holding. Going sideways lately, but still feels this is the kind of stock you want if markets are volatile and are concerned about the downside as much as the upside.


Price: $27.040
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Yes
2015-05-22 TOP PICK BMO Low Volatility US Equity ETF
ZLU-T
David Cockfield

Hasn’t done much recently, and is probably in a Buy range. They hold 25% utilities, 25% consumer staples, 20% healthcare and 12% consumer discretionary, so these are broad-based US companies towards the consumer side. Focused somewhat away from multinationals. Still thinks the US$ will continue to be strong. Good diversification.


Price: $25.310
Subject: CANADIAN
Bias: CAUTIOUS
Owned: Yes
2015-05-21 N/A A Comment -- General Comments From an Expert
A Commentary
Andy Nasr

Markets.  If you look at the US economy it is doing well compared to other parts of the world where there is QE still in place.  This will create a buying opportunity for investors.  The improvement in the US economy will likely continue for 3 or 4 more years.  Europe will probably do well as they are early in the recovery.  The US$ strength is a benefit to Canadian investors who have US holdings.  He does not hedge his US$ exposure.  Rates are incredibly low and there is a natural maximum to how high interest rates could go before they have an impact on growth. 


Price: $0.020
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC on US ECONOMY
Owned: _N/A
2015-05-21 BUY A Comment -- General Comments From an Expert
A Commentary
Andy Nasr

Interest rates and REITs.  People fret about it and how it will impact the REITs.  You only have to be mindful if a REIT is trading at an astronomical rate.  In the last 30-40 years in the US when rates have gone up, REITs have outperformed.  Interest rates are bad for REITs with longer duration leases.  If you have to refinance your debt before your rent comes up for renewal, then you suffer from interest rates increases.


Price: $0.020
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC on US ECONOMY
Owned: Yes
2015-05-21 N/A A Comment -- General Comments From an Expert
A Commentary
Stan Wong

Markets. The S&P 500 is eking out another record high today, with the Dow and NASDAQ pretty close. In the last little while we have seen a narrow range. There is not a lot of direction. We are making new highs, but are not making meaningful very, very strong moves on the upside. Given that we have some traditional seasonal weakness ahead of us; markets could probably tread water for a while. There is some trepidation about equity valuations and there are the US$ headwinds as well as the Fed’s shift in policy. At this point you want to be cautious. Expect markets will grind higher for the year, but over the next few months you want to be somewhat cautious. Generally speaking the May to October period tends to be somewhat softer. Not only are the markets weaker, but valuations are also stretched at 17 or 18 times earnings.


Price: $0.020
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: CAUTIOUS
Owned: _N/A
2015-05-21 PAST TOP PICK Adidas
ADS-XETRA
Stan Wong

(A Top Pick April 9/14. Down 19.62%.) Valuations had looked decent, which is why he had gotten into the name. He liked the consumer side of things. Had to sell his holdings in October because of a profit warning because of Russia, as well as they were going to retail their golf division.


Price: $0.001
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: CAUTIOUS
Owned: No
2015-05-21 BUY Allied Properties REIT
AP.UN-T
Andy Nasr

They have brick and beam office buildings.  Management has done a top notch job of consolidating the sector.  He sees $4/share in increase in net asset value.  He thinks it will grow into its valuation as these developments complete and start producing income.  Balance sheet is clean and you can bank on significant dividend growth for the next few years.


Price: $37.450
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC on US ECONOMY
Owned: Unknown
2015-05-21 COMMENT Alibaba Group Holding
BABA-N
Stan Wong

Some of the recent concerns are that they are getting sued by places like Gucci, etc., for presumably knowing that some of the goods are being sold that are counterfeit. Valuations are actually not too bad, and their growth characteristics are quite incredible going forward, but treat this was some caution.


Price: $93.880
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: CAUTIOUS
Owned: No
2015-05-21 COMMENT Bank of America
BAC-N
Stan Wong

He prefers Citigroup (C-N) and J.P. Morgan (JPM-N). This bank, more recently, has moved a bit more sideways. He can’t say that this is one of the cheaper banks from a Price to Book valuation ratio. He doesn’t mind the stock and thinks it will do okay.


Price: $16.730
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: CAUTIOUS
Owned: No
2015-05-21 BUY Brookfield Office Properties Ltd
BOX.UN-T
Andy Nasr

It will likely be taken in by BPY.UN-T.  NAV is $31/share.  It is a good entry point.  It should be well positioned to withstand the increase in office supply over the next few years.  The dividend is sustainable.


Price: $27.900
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC on US ECONOMY
Owned: Yes
2015-05-21 DON'T BUY BTB Real Estate Investment Trust
BTB.UN-T
Andy Nasr

The leverage is relatively high.  The payout ratio is fine.  It is a Quebec based REIT.  He sees better risk/reward ratios elsewhere.  There is no catalyst for the next 3 or 4 quarters.  You will get your yield, but no capital appreciation if you hold it.


Price: $4.980
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC on US ECONOMY
Owned: No
2015-05-21 PAST TOP PICK CBS Corp
CBS-N
Andy Nasr

(Top Pick Jun 9/14, Up 2.75%) He sold recently at current prices.  He saw advertising spending and economic growth decouple so he got out. 


Price: $61.810
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC on US ECONOMY
Owned: No
2015-05-21 HOLD Celgene Corp
CELG-Q
Stan Wong

A lot of large biotech names have been kind of flat lining lately. The biotech sector has taken off quite a bit, and there are some rumblings that it is a bubbling area or expensive. He would disagree with that. They are rather cheap in terms of their PE relative to their growth ratios. He likes these areas. The long-term growth expectations are still very strong.


Price: $116.200
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: CAUTIOUS
Owned: Yes
2015-05-21 TOP PICK Canadian National R.R.
CNR-T
Andy Nasr

The US economy is on a solid footing.  The pullback is commodity related.  This is a great entry point because these issues will resolve themselves.  Leading indicators suggest volumes and prices should move up.


Price: $74.490
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC on US ECONOMY
Owned: Yes
2015-05-21 WATCH Canadian National R.R.
CNR-T
Stan Wong

Some of the rails in Canada have done extremely well until recently. They started to flat line and then fall. This one has fallen below its 200 day moving average, which signals that something is up with the stock. Thinks some of the rail shipments, in terms of volume, are a little bit lower than normal. He would wait to see where it goes.


Price: $74.490
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: CAUTIOUS
Owned: Unknown
2015-05-21 BUY Canadian Pacific Rail
CP-T
Andy Nasr

The rail sector is a good buying opportunity here if you are long-term oriented.  The pull back is related to lower commodity prices.  He is buying CNR-T and UNP-N.  You can’t really go wrong here.


Price: $215.920
Subject: NORTH AMERICAN DIVIDEND & REITs
Bias: OPTIMISTIC on US ECONOMY
Owned: No
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