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

Recent Opinions

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Date Signal Company Expert Opinion Price
2016-08-30 TOP PICK Medtronic Inc
MDT-N
John Stephenson

A healthcare company, but not a pharmaceutical company. They are very big in cardiovascular and diabetes. Growing their top line at roughly 5%-10% per annum, and the bottom line closer to 12%-13% for the foreseeable future for the next 4-5 years. They are in the right place at the right time, and are likely to return about $1 billion a year to the shareholders for the next few years. They are committed to increasing their dividends. Dividend yield of 1.98%.


Price: $86.850
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: UNKNOWN
Owned: Yes
2016-08-30 SELL Manulife Financial
MFC-T
John Stephenson

(Market Call Minute.)


Price: $18.310
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: UNKNOWN
Owned: Unknown
2016-08-30 PAST TOP PICK Northern Blizzard Resources INC
NBZ-T
Eric Nuttall

(A Top Pick Aug 25/15. Up 29.76%.) A heavy oil name. They were being painted, almost by a bankruptcy brush, as it fell off, but 80% of their production was protected by hedges. That play has played itself out. He wouldn’t own this today, because as the hedges rolled off they were renewing them at lower oil prices.


Price: $4.070
Subject: CANADIAN ENERGY & SMALL CAP
Bias: UNKNOWN
Owned: No
2016-08-30 TOP PICK NYX Gaming Group Ltd
NYX-X
Eric Nuttall

This is a company with the best product in their space, a space that is growing at 10%. Last quarter they organically grew by almost 30% plus you tack on acquisitions. It is mired by a stink due to 2 other companies, which are hopefully going to go very soon. Their next quarter is in November which will be the 1st clean quarter where you won’t have M&A noise and be up to fully assess their organic business and their recent acquisition. Trading at less than half its peer multiple, despite having stronger growth rates, and at an almost 20% free cash flow yield. Has the best software in the business, and yet is trading at around 7X next year’s EBITDA. At 9X EBITDA, this is a $4 stock, about 100% upside from here.


Price: $2.000
Subject: CANADIAN ENERGY & SMALL CAP
Bias: UNKNOWN
Owned: Yes
2016-08-30 PAST TOP PICK Petroleo Bras Sa Petro
PBR-N
John Stephenson

(A Top Pick Sept 26/15. Down 130.15%.) He closed this off about a month after he had recommended it, because oil started to ramp up. The company had an extremely high debt load and oil prices looked under pressure. Also, there was a corruption scandal going on. The company has slashed their CapX to the bone and were able to keep their free cash flow on side. The story has improved materially.


Price: $9.390
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: UNKNOWN
Owned: No
2016-08-30 COMMENT Peyto Exploration & Develop.
PEY-T
Eric Nuttall

The Best of Breed natural gas, where it has a very loyal shareholder base. Because of that, this trades at a premium multiple compared to some peers, who he thinks can grow faster.


Price: $38.270
Subject: CANADIAN ENERGY & SMALL CAP
Bias: UNKNOWN
Owned: No
2016-08-30 COMMENT Perpetual Energy
PMT-T
Eric Nuttall

Has a lot of respect for management and the family. Generally speaking, these plays are not tier 1, although they’ve done a good job in the past couple of years to rein in costs. There are better names if looking for oil exposure.


Price: $1.920
Subject: CANADIAN ENERGY & SMALL CAP
Bias: UNKNOWN
Owned: No
2016-08-30 COMMENT Potash Corp of Saskatchewan
POT-T
John Stephenson

There is a potential merger with Agrium (AGU-T), which is probably good for this company, but not so good for Agrium. This company has really struggled lately. A merger would create a behemoth and would probably get through regulatory scrutiny, but it will control roughly 62% of the potash production domestically and 30% of nitrogen and phosphate. It would essentially be a cartel. This is a response to weak prices and oversupply, particularly in the potash market. To really extract value, you are going to have to see layoffs.


Price: $23.300
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: UNKNOWN
Owned: Unknown
2016-08-30 SELL Painted Pony Petroleum
PPY-T
John Stephenson

Really doesn’t see any strong catalyst short of a sale for this name. It is hard to see how it is going to continue to go up in a sideways oil tape. It has had an okay run of late, and you could certainly lighten up. There is nothing fundamentally wrong with it, but doesn’t see any reason why you should be there.


Price: $8.490
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: UNKNOWN
Owned: Unknown
2016-08-30 STRONG BUY Starbucks
SBUX-Q
John Stephenson

(Market Call Minute.)


Price: $56.400
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: UNKNOWN
Owned: Unknown
2016-08-30 COMMENT Secure Energy Services
SES-T
Eric Nuttall

A very well respected services company where a lot of people have been hiding to have service exposure, given that a lot of their revenue is a lot more secure. Feels you can do a lot better in other service areas such as pressure pumpers and frac sand companies. Dividend yield of 2.7%.


Price: $8.980
Subject: CANADIAN ENERGY & SMALL CAP
Bias: UNKNOWN
Owned: Unknown
2016-08-30 BUY on WEAKNESS Shopify Inc.
SH-T
John Stephenson

A good company. It is not cash flow positive currently, but it is close. They are getting more and more merchants on the platform which brings in the average revenue per user ad increases. There are more delivery and other services being added, which will increase the operating leverage.


Price: $54.020
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: UNKNOWN
Owned: Unknown
2016-08-30 HOLD Suncor Energy Inc
SU-T
John Stephenson

(Market Call Minute.)


Price: $36.420
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: UNKNOWN
Owned: Unknown
2016-08-30 PAST TOP PICK Teck Resources Ltd. (B)
TCK.B-T
John Stephenson

(A Top Pick Sept 26/15. Down 239.83%.) This was good for a little while, but closed off at the beginning of the year. Had felt that super-cycle mining and commodities had largely ended. It is probably currently overvalued.


Price: $21.870
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: UNKNOWN
Owned: Unknown
2016-08-30 COMMENT Trican Well Service Ltd.
TCW-T
Eric Nuttall

A leveraged call on oil. Of the entire service complex, the 2 areas that will tighten the fastest are the frac sands as #1 and pressure pumpers as #2. At $2.15, this stock is very attractive and has been picking away at this in the last month or so.


Price: $2.150
Subject: CANADIAN ENERGY & SMALL CAP
Bias: UNKNOWN
Owned: Yes
2016-08-30 COMMENT Trican Well Service Ltd.
TCW-T
John Stephenson

A good company, but a higher beta play. There is incredible value in oil services names, and he would extend that to US names such as Transocean (RIG-N) and Schlumberger (SLB-N). These are names that you can walk into at this point, and have limited risk. On the other hand, if you are willing to hold this for a year or 2, you will probably be very pleasantly surprised.


Price: $2.150
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: UNKNOWN
Owned: Unknown
2016-08-30 PAST TOP PICK Torc Oil & Gas Ltd
TOG-T
Eric Nuttall

(A Top Pick Aug 25/15. Up 81.77%.) Has a lot of respect for management. This had been a poorer performer last year than others, and had went from trading at a discount to trading at a pretty good premium. Using $60 oil, he would have it trading at around 8X EBITDA to cash flow, which implies zero upside from today’s oil price. He would say this has 35% upside using $65 oil.


Price: $7.830
Subject: CANADIAN ENERGY & SMALL CAP
Bias: UNKNOWN
Owned: No
2016-08-30 BUY on WEAKNESS TSO3 Inc
TOS-T
Eric Nuttall

Sold his holdings too early. Had thought valuations were getting a little stretched. They have a device that cleans something that goes into an area which can be fairly high in bacteria levels. On a further pullback, he would look at owning again.


Price: $3.160
Subject: CANADIAN ENERGY & SMALL CAP
Bias: UNKNOWN
Owned: No
2016-08-30 DON'T BUY Tesla Motors Inc
TSLA-Q
John Stephenson

This is not a car company; it is a technology company. It’s a wonderful product. The valuation is stretched, unless you think they are going to be able to scale the business up. That assumes that the competition is just going to sit there and do nothing. As a stock, this is highly overvalued.


Price: $211.340
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: UNKNOWN
Owned: Unknown
2016-08-30 TOP PICK Vodafone Group PLC
VOD-Q
John Stephenson

A UK telco company, a mobile player really. Only 10% of its revenues and earnings come from the UK. It is mainly Pan-European. Extremely strong growth is coming up in the next little while. It has integrated an acquisition, but it trades cheaper than the US and Canadian telcos. Dividend yield of about 6.7%.


Price: $30.630
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: UNKNOWN
Owned: Yes
2016-08-30 DON'T BUY iUnits S&P/TSX Materials ETF
XMA-T
John Stephenson

Thinks this is going to go down. So much of the weighting in the materials is gold, which has been in a downward trend for the last week or so. A rate hike is very good for the US$, which kind of throws the gold thesis under the bus.


Price: $13.390
Subject: NORTH AMERICAN - LARGE & RESOURCE
Bias: UNKNOWN
Owned: Unknown
2016-08-29 N/A A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

Markets. The biggest cost to the US government for the next 20 to 30 years is healthcare, but you don’t get the development of drugs from companies without the profits. We need to watch the IBB-N biotech ETF.  He thinks it might re-test the lows.  He sees a 40% chance of a rate hike in September and a 63% chance in December. Don’t think the fed will not raise interest rates in front of the election.  They have done it before.  He thinks the US$ will rise from here as we have challenges in Europe and Japan.


Price: $0.020
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: _N/A
2016-08-29 N/A A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

Educational Segment.  The US$.  The market changed dramatically after the Fed said the rates were to go up September and December both.  The Euro is 57.6% of the US dollar index, so it matters what Europe does.  The notion that currency doesn’t matter is wrong.  It is the most important factor when investing.  A rate hike will put downward pressure on commodities and upward pressure on the US$.  He thinks we re-test the Brexit lows over the next couple of months.


Price: $0.020
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: _N/A
2016-08-29 N/A A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

Do you trim preferred or common shares when you need to lighten up on equities?  Perpetual preferreds trade more like bonds.  They may underperform in the next while whereas rate resets may do better.  Common shares will have even more volatility.  So he would sell these when rebalancing.


Price: $0.020
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: _N/A
2016-08-29 N/A A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

Sell a losing stock or a winning stock when you need to lighten up on equities?  He would crystallize the loss.  But it all depends on the particular situation, whether it is a taxable account and how it is diversified.


Price: $0.020
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: _N/A
2016-08-29 N/A A Comment -- General Comments From an Expert
A Commentary
Brian Acker, CA

Markets.  We are in the early stages of secular bull market for the US$.  We are going to hike rates in the US for September and that is bullish.  Unless we get the right data point between now and the third week of September the raise should happen.  An increasing US$ brings earnings down when repatriated.  He thinks attracted investment into the US will counteract it in valuations.  Canada is SO overvalued.  It is crazy – all assets – housing & markets.  Canada topped out in earnings in 2011.  Canada doesn’t look good.


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH on US$
Owned: _N/A
2016-08-29 BUY A Comment -- General Comments From an Expert
A Commentary
Brian Acker, CA

Where to park US$ for 6 months?  No equity is a safe haven.  Verizon would be the closest he could find .  He has a  $52 model price and it has a 4% yield.


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH on US$
Owned: Yes
2016-08-29 N/A A Comment -- General Comments From an Expert
A Commentary
Brian Madden

Market. We have seen the Canadian market bounce off the post BREXIT lows, but thinks there is more fuel in the tanks. The TSX Composite is not expensive right now, trading at about 1.9X BV, which is pretty modest compared to 30-year historic average of 2.1. On an earnings basis, it trades at about 19X this year’s earnings, which is pretty much exactly in line with a historic average. This is all occurring amidst the backdrop of earnings that are still cyclically depressed and about 17% below trend.


Price: $0.020
Subject: CANADIAN
Bias: BULLISH
Owned: _N/A
2016-08-29 N/A A Comment -- General Comments From an Expert
A Commentary
Brian Madden

Favoured sectors if there is a rate hike? An overwhelmingly, knowledgeable choice would be the financial sector. Canadian banks have managed to mint record profits, even in the very, very low interest rate conditions. If we get rates going up, and ideally a yield curve steepening, that could be a tremendous tailwind for their net interest margins.


Price: $0.020
Subject: CANADIAN
Bias: BULLISH
Owned: _N/A
2016-08-29 WAIT AutoCanada Inc.
ACQ-T
Brian Madden

A very, very impressive stock for a number of years, but is very over indexed to Alberta. It peaked at close to $100 in 2014. Very inexpensive. Also, it is a growth by acquisition story so the bigger they get, the more they are going to need to do bigger and larger and more frequent deals. He would tend to err on the side of waiting for more financial proof that they are back in gear and growing their earnings once more. 


Price: $23.100
Subject: CANADIAN
Bias: BULLISH
Owned: No
2016-08-29 WATCH Alimentation Couche-Tard (B)
ATD.B-T
Brian Acker, CA

They are refueling their growth with a series of acquisitions.  We are hitting resistance at EBV+6 so the ride is over.  Model price $71.  If we ever get a correction he would love to buy it at $45.


Price: $67.630
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH on US$
Owned: Unknown
2016-08-29 TOP PICK Alimentation Couche-Tard (B)
ATD.B-T
Brian Madden

One of the premier growth stories in Canada, not just in the consumer space, but in any sector. Extremely well-managed. They have a 20+ year track record of growing earnings and improving returns on shareholders’ equity. Just pulled the trigger on a very large transformational acquisition with the purchase of CFT Brands. The synergies on that should come in at about $150-$250 million, bigger than most of the street was expecting. Dividend yield of 0.46%.


Price: $67.630
Subject: CANADIAN
Bias: BULLISH
Owned: Yes
2016-08-29 DON'T BUY Avigilon Corp
AVO-T
Brian Madden

Their technology is pretty cutting edge. They provide digital security cameras and related software for large-scale corporate, retail and industrial applications. Had been a pretty good growth stock for a number of years. Feels management has lost a lot of credibility. They missed numbers. Also, they have a revolving door in the C suite with the CFO, etc. Too risky for his clients.


Price: $9.160
Subject: CANADIAN
Bias: BULLISH
Owned: No
2016-08-29 WATCH Bank of America
BAC-N
Brian Acker, CA

They rallied last week because of the expectation of raising rates.  The only problem he has is that it is under EBV-3.  He wants to see a positive transit above this.


Price: $15.840
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH on US$
Owned: Unknown
2016-08-29 HOLD BlackBerry
BB-T
Brian Madden

CEO is very well remunerated at $89 million. However, it is not entirely all recurring compensation. He earns about $3 million a year, but when he joined the company, he got a very lumpy one time signing bonus, which was comprised of a lot of restricted stock. It remains to be seen whether he will meet the performance criteria, and actually realize on that, because it is tied to whether the shares outperform the NASDAQ, which has not been happening. Buying “value plays” in technology is a tough way to make money. Incentives motivate behaviour, and looking at the conditions attached to John Chen’s pay packet, the 3-year anniversary date is mid-November, so if you own the stock he would stick around to see what comes up between now and the anniversary date.


Price: $10.310
Subject: CANADIAN
Bias: BULLISH
Owned: No
2016-08-29 COMMENT Cott Corp
BCB-T
Brian Madden

This had been fading into oblivion for a very long time. Consumption of carbonated soft drinks is really on the decline. Very much a commodity driven business and vulnerable to the swings in price in plastics, aluminum, sugar, etc. They’ve made several transformational acquisitions into better businesses such as an office and home coffee and water delivery. Recently made 2 more acquisitions, one in the US and one in Europe. EPS is stuck in a range of about $.20 compared to $.40 in 2014. He prefers being invested in businesses that are proving and executing and achieving the financial metrics he is looking for. This doesn’t meet that test.


Price: $20.820
Subject: CANADIAN
Bias: BULLISH
Owned: No
2016-08-29 COMMENT Bank of Nova Scotia
BNS-T
Brian Madden

Has tremendous reach and scale in Latin America and South America. In Mexico they are one of the dominant banking franchises.


Price: $68.860
Subject: CANADIAN
Bias: BULLISH
Owned: Unknown
2016-08-29 TOP PICK CCL Industries (B)
CCL.B-T
Brian Madden

This company makes packaging and labels, and their client base are large consumer goods packaging companies. A growth by acquisition story, and recently acquired Checkpoint Security Systems. Have been growing earnings at a 40% compound rate over the last 4 years. Very solid execution. Lots of runway to keep acquiring and consolidating a fragmented industry.


Price: $240.350
Subject: CANADIAN
Bias: BULLISH
Owned: Yes
2016-08-29 HOLD Calfrac Well Services Ltd
CFW-T
Brian Madden

(Market Call Minute.) Not for the faint of heart. A leveraged business model. Has a tailwind in the form of improving service sector activity with rising oil prices, but is definitely not a blue-chip stock.


Price: $2.970
Subject: CANADIAN
Bias: BULLISH
Owned: No
2016-08-29 DON'T BUY Corus Entertainment (B)
CJR.B-T
Brian Acker, CA

It is hard to be positive on this one.  The model price is $19, or a 50% upside, but it just had a negative transit to EBV.  He wonders if the dividend is safe.


Price: $12.470
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH on US$
Owned: No
2016-08-29 HOLD Canadian Pacific Rail
CP-T
Brian Acker, CA

You are at your limit in terms of price (EBV+6), and his model price of $198.  But long term it looks pretty good.  By next year EBV+6 will be $256.  There is not an American railroad he likes.


Price: $201.430
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH on US$
Owned: Unknown
2016-08-29 BUY on WEAKNESS Constellation Software Inc.
CSU-T
Brian Acker, CA

He likes it.  $400 model price, but they could do a lot of things to increase the model price, such as a stock split. 


Price: $559.860
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH on US$
Owned: Yes
2016-08-29 BUY Dominion Diamond
DDC-T
Brian Madden

This has been challenging. They own 2 world-class diamond mines. The stock sold off when there was a fire at one of the processing plants, which curtailed production in the 2nd quarter. It should be able to get that back up and running within a month or 2. Ridiculously inexpensive, trading at about .6X its BV, and trades at an enterprise value to EBITDA multiple of about 2 or 2.5 times. Just sold their corporate head office for $85 million. He still likes the name.


Price: $11.820
Subject: CANADIAN
Bias: BULLISH
Owned: Yes
2016-08-29 DON'T BUY DH Corporation
DH-T
Brian Acker, CA

The problem is that acquisition.  It is big.  He thinks there is doubt in their strategy.  The model price is $37.  At $22 he would be interested in it.


Price: $29.070
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH on US$
Owned: No
2016-08-29 DON'T BUY DH Corporation
DH-T
Brian Madden

The emerging growth driver for this company is FinTech. They made a number of acquisitions in the FinTech space and are struggling to integrate them. He would be on the sidelines until they figure out what they have acquired and digested and get the profitability back on track.


Price: $29.070
Subject: CANADIAN
Bias: BULLISH
Owned: No
2016-08-29 DON'T BUY Denison Mines Corp
DML-T
Brian Madden

Uranium producer, and the elephant in the room is what is going to happen in Japan. Many analysts would have expected their reactors would have been turned on by now. With uranium under $20 a pound, these companies are not really making any money. He would stay away from the space.


Price: $0.670
Subject: CANADIAN
Bias: BULLISH
Owned: No
2016-08-29 BUY Dollarama Inc.
DOL-T
Brian Madden

This has been a sensational performer. The knock has always been that it is expensive. Currently it is trading at 27X earnings. They are rolling out more price points at higher levels, going from just $1-$1.50 items to $2-$3, and he understands they have plans to roll out even higher price points. A good organic growth story. They are opening 60 to 70 stores a year and have a dominant position. Trading at 28X, so be careful.


Price: $96.970
Subject: CANADIAN
Bias: BULLISH
Owned: Unknown
2016-08-29 WEAK BUY Empire Company (A)
EMP.A-T
Brian Acker, CA

It has had its struggles with the Safeway acquisition.  His model price is $25.50, a 20% upside.  It should hold here at EBV+2.  All his Canadian picks he is not crazy about.


Price: $21.360
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH on US$
Owned: Unknown
2016-08-29 BUY Flextronic International
FLEX-Q
Brian Acker, CA

The model price is $18.62, it has a 44% upside.  It will probably get to EBV+4.  Sell at $14.50 and buy at $11.56.


Price: $13.090
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH on US$
Owned: Unknown
2016-08-29 COMMENT Franco-Nevada Corp.
FNV-T
Brian Madden

The premier in gold streaming. Gold has been fraught with peril over the last 5 years until very recently in January, when the price started climbing again. Canadian investors are very, very sensitive that gold is 6%-7%-8% of the TSX composite by weight. There is a lot of hair on a lot of gold mining/producing companies, but this one is free of all those risks as they own a streaming business, and are more of a financing company rather than a gold company. This has a tremendous management team which runs a very lean and mean business.


Price: $94.690
Subject: CANADIAN
Bias: BULLISH
Owned: No
2016-08-29 TOP PICK General Electric
GE-N
Brian Acker, CA

We are getting to a point where the basic fundamentals are running out in the markets and you need to look for stocks that are re-organizing.  Model price is up to $25.  It keeps going up.  The fundamentals will keep pushing the stock up.  You want industrials with the infrastructure products coming up.


Price: $31.360
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH on US$
Owned: Yes
2016-08-29 PAST TOP PICK Gilead Sciences Inc.
GILD-Q
Brian Acker, CA

(Top Pick Sep 19/15, Down 27.04%) $170 Model price.  It is at 7 times PE.  Wall street does not like them because they cure someone rather than sell them drugs for life.  Keep an eye on it.  He thinks it will do well.


Price: $78.170
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH on US$
Owned: Yes
2016-08-29 TOP PICK Hewlett Packard Enterprise Co.
HPE-N
Brian Acker, CA

HP-N was old tech.  It split and HPE-N is up 40% in his fund already.  Everyone is confused.  This part is the cloud, security, etc.   The old one is the contract manufacturer.  HPE-N is at EBV whereas peers are multiples of this.  31% upside.


Price: $21.840
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH on US$
Owned: Yes
2016-08-29 COMMENT Manulife Financial
MFC-T
Brian Madden

The whole life insurance sector has been a troubled battleground, and hinges on interest rates being extraordinarily low. Thinks it is still going to be pretty tough to own this name.


Price: $17.900
Subject: CANADIAN
Bias: BULLISH
Owned: Unknown
2016-08-29 DON'T BUY Magna Int'l. (A)
MG-T
Brian Acker, CA

It is really the sub-prime housing of the US.  We have pulled so much demand forward.  This is cyclical.  His model price is $88.  This stock has a long way to fall in the event of a correction.


Price: $52.590
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH on US$
Owned: Unknown
2016-08-29 TOP PICK Magna Int'l. (A)
MG-T
Brian Madden

Canada’s largest auto parts company. This is a non-resource cyclical. It is taking market share in North America, Europe and Asia. Margins are improving. Very inexpensive at about 7X earnings, versus its peers at about 11X. Dividend yield of 2.46%.


Price: $52.590
Subject: CANADIAN
Bias: BULLISH
Owned: Yes
2016-08-29 PAST TOP PICK Microsoft
MSFT-Q
Brian Acker, CA

(Top Pick Sep 19/15, Up 37.87%) If it pops to EBV+7, $76 it would be a sell.  Model price is $62. It just had a positive transit over one of his lines, meaning it is a buy signal.


Price: $58.100
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH on US$
Owned: Yes
2016-08-29 DON'T BUY Russel Metals
RUS-T
Brian Acker, CA

It is a cyclical.  It got down to EBV earlier and had a big bounce.  He thinks it will come down to EBV ($13.60) again.  They are paying out more than they are earning.  Don’t touch it.  Look at it if it gets to the single digits.


Price: $21.650
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH on US$
Owned: Unknown
2016-08-29 DON'T BUY Shopify Inc.
SH-T
Brian Acker, CA

Everyone is looking at revenue growth and not earnings.  It is very expensive at EBV+9.  They will lose $.19 this year and $.16 next year. 


Price: $53.850
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH on US$
Owned: Unknown
2016-08-29 WEAK BUY Global X Silver Miners
SIL-N
Larry Berman CFA, CMT, CTA

How to Play Silver.  There are three different ways to play: Seniors (SLVP-N), Juniors (SILJ-N) or the metal, SIL-N.  He would buy SIL-N on dips.  But if the US$ gets stronger in the interim, then it would mitigate some of your gains.


Price: $46.630
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Unknown
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