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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
2015-04-15 HOLD BMO Low Volatility US Equity ETF
ZLU-T
Mike S. Newton, CIM FCSI

This has been down 3 straight sessions, and today’s drop was a fair size. This is US stocks denominated. It works against you if the Cdn$ rallies to the US$. The dollar has gone from $1.27 to $1.23, which makes up a big chunk of the reversal of this ETF. Nothing wrong with the name and he thinks it is a terrific name. He wouldn’t get concerned with any short-term moves.


Price: $25.300
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Unknown
2015-04-15 COMMENT BMO MSCI USA High Quality ETF
ZUQ-T
Mike S. Newton, CIM FCSI

Fairly new and not a lot of volume. Doesn’t think a lot of people realize that the US market hasn’t really been moving for about 5-6 months. These are all terrific holdings, and he wouldn’t be concerned. Eventually the volume will pick up on this and share creation will follow suit.


Price: $22.900
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Yes
2015-04-14 N/A A Comment -- General Comments From an Expert
A Commentary
Christine Poole

Markets. There have been weak numbers out of the US which is causing a concern to investors as to whether growth has really slowed. Weather played a part in the 1st quarter. There is slowing profit growth because of the strong US$, and that is a headwind. The US touched a high of $2,117 back in March, it has been up and down and we are still 4.5% from those levels. Earnings season is just starting now. There are some financial companies reporting. We are seeing a pretty healthy economy and things will improve as the year rolls out. The bar has been set low and it depends on the industry. The consensus for the S&P 500 is that earnings are going to be down over 4%, and that hasn’t happened in a while. 2nd quarter is still down a couple of percents and this will slowly improve in the 3rd and 4th quarter. They will be raising rates in a slow, measured pace, until they see confirmation that growth has resumed. She thinks spending, because of low energy prices, won’t show up until the back half of the year.


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: _N/A
2015-04-14 N/A A Comment -- General Comments From an Expert
A Commentary
Don Vialoux

Markets. Between now and May 5, markets are okay. This is because we are going through the earnings period for the 1st quarter. Bulls are saying “Look for some good news in the next 3 weeks.” because this is when companies have their annual meetings, announce dividend increases, share buybacks, etc. On the other hand the Bears are saying “Earnings are not going to be good for the 1st quarter, and in fact on average, earnings on the S&P 500 companies are expected to be down 4.8%.”. Beyond the beginning of May, it is a very different scenario. It looks like the Fed is going to increase interest rates for the 1st time, probably sometime in September. Since 1946, the Fed has changed its course on 13 occasions, where it started to increase interest rates. On every one of those 13 occasions, the stock market has been hit on an average of 10.1%. On 3 of those occasions, it has been more than 30%. It is not at the time of the actual increase, but it is the 6 months prior to the actual 1st increase. Between now and September, we are within that 6 month period. This is at a time when markets in the summertime are volatile anyways. Watch for markets to be okay for a while, but soon as it starts to spike, that is a clue that we have a problem.


Price: $0.020
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: UNKNOWN
Owned: _N/A
2015-04-14 SELL Air Canada (B)
AC-T
Christine Poole

A sector that she does not see as a long-term investment, it is quite volatile. The group has done well on the prospects of lower crude; however the airline operators themselves are not passing that through to the consumers. Also, transporter traffic has been quite strong. There is additional capacity coming on stream. If crude starts to strengthen, fuel costs will go up. If you own and have made a decent profit on it, she would sell it and move on to something else.


Price: $12.370
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: No
2015-04-14 WATCH Aecon Group Inc
ARE-T
Don Vialoux

He hasn’t looked at the seasonality on this, but he is guessing that it is going to be very good in the spring time, because that is when they are filling potholes, construction, etc. Chart shows a nice uptrend, but historically this tends to end right around the end of April. If you own, you will probably want to take some profits, probably within the next month.


Price: $12.900
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: UNKNOWN
Owned: Unknown
2015-04-14 PAST TOP PICK Boeing
BA-N
Christine Poole

(A Top Pick April 1/14. Up 22.18%.) Production is ramping up and they are coming off a very heavy R&D investment cycle. This is a free cash flow story. As the programs start to ramp down, they are going to start generating a lot of free cash. Things are going quite well for them, but it is getting up there, so she has been selectively taking some profits.


Price: $153.210
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: Yes
2015-04-14 DON'T BUY BlackBerry
BB-T
Christine Poole

(Market Call Minute.) Transitioning from hardware to software, but it is taking a long time. The service revenues they are getting from their older devices are actually much higher versus the newer ones. They are not expected to make money for a few years.


Price: $12.170
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: No
2015-04-14 COMMENT Bank of Nova Scotia
BNS-T
Christine Poole

Bank of Nova Scotia (BNS-T) or Home Capital Group (HCG-T)? Recently ran into problems with international operations, but longer-term that is a higher growth area. Both stocks have pulled back. Her preference would be this one because of their diverse business base.


Price: $64.660
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: No
2015-04-14 DON'T BUY Cameco Corporation
CCO-T
Christine Poole

(Market Call Minute.) Doesn’t see any near-term catalysts to get uranium prices going.


Price: $18.990
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: No
2015-04-14 COMMENT Cameco Corporation
CCO-T
Don Vialoux

Chart shows that this had a nice little break out in the last couple of days, so technically the stock is in an upward trend. It’s trading above its 20 day moving average and outperforming the TSE Composite. Technicals are all turning positive at this point. Seasonality starts turning positive around the 2nd week of April, and continues to be very strong right through until the end of May.


Price: $18.990
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: UNKNOWN
Owned: Unknown
2015-04-14 HOLD Canadian Natural Rsrcs
CNQ-T
Don Vialoux

Seasonality is from around the end of January right through until usually May of each year. This year it started off very nicely and has had a breakout in the last few days. Above its 20 day moving average and outperforming the TSE Composite. It looks very good, probably until around the end of May of this year.


Price: $41.230
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: UNKNOWN
Owned: Unknown
2015-04-14 BUY Canadian National R.R.
CNR-T
Christine Poole

She had been waiting for a pullback and bought a couple of days ago. This is an opportunity to build a position in this name. The company is still guiding for double-digit earnings growth. They are going to be increasing their dividend. Feels crude on rail is going to be a headwind, but this can be offset by their transportation of other commodities.


Price: $82.260
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: Yes
2015-04-14 HOLD Canadian Oil Sands
COS-T
Don Vialoux

This has very strong seasonal influences. It tends to bottom some time in January and then move higher right through until the end of May. From a technical point of view, it is outperforming the TSE Composite and is above its 20 day moving average. Historically this has done very well to the end of May-June, so you still have another 5 or 6 weeks to go.


Price: $12.070
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: UNKNOWN
Owned: Unknown
2015-04-14 HOLD Crescent Point Energy Corp
CPG-T
Christine Poole

High quality light crude out of Western Canada. Like all energy companies, they have cut their CapX by 28%, but have maintained their dividend. Yielding around 9%. Have a very strong hedge program in place. She doesn’t think they will cut their dividend unless crude stays down here for a prolonged period of time.


Price: $31.460
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: Yes
2015-04-14 COMMENT Cisco
CSCO-Q
Don Vialoux

Seasonality is normally from October until January and then it kicks in again around now until May. This is okay for a seasonal trade. On a technical basis, you would like to see the stock flatten out, and if it got above its previous high, that would be a clear signal that the seasonal trade has clicked in.


Price: $27.810
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: UNKNOWN
Owned: Unknown
2015-04-14 BUY on WEAKNESS CVS Health Corp
CVS-N
Christine Poole

A drug retailer in the US as well as having a PBM  (Pharmacy Benefits Manager), where they go to employers and help them structure their benefit plans. The stock has done very well. She likes drug retail. PBM is very competitive and is all about lower costs, so you need scale. Fully valued here and she would want at least a 10% pullback. In this area, she would prefer the Canadian name, such as Loblaw’s (L-T).This one is on her watch list.


Price: $102.110
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: No
2015-04-14 HOLD Concordia Healthcare
CXR-T
Don Vialoux

Chart shows a long upward trend from 2012. When you are in an investment like this on a technical basis, stick with it. Seasonality picks up in the summer time. There are a series of healthcare conferences which helps the sector.


Price: $96.060
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: UNKNOWN
Owned: Unknown
2015-04-14 PAST TOP PICK iShares MSCI Emerging Market ETF
EEM-N
Don Vialoux

(A Top Pick Jan 19/15. Up 8.43%.) This was very successful, but it was not hedged against currency so it could have been higher.


Price: $42.820
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: UNKNOWN
Owned: No
2015-04-14 COMMENT Empire Company (A)
EMP.A-T
Christine Poole

Empire Company (EMP.A-T) or Loblaw’s (L-T)? The grocery space is a fairly consolidated market with 3 or 4 major players and relatively defensive. With the exit of Target, the square footage is really moderated, this is a plus. If she had to choose among all the players out there, it would be Loblaw’s, because of the drug retail side.


Price: $93.810
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: No
2015-04-14 HOLD Enbridge
ENB-T
Christine Poole

They are dropping down their Canadian Liquids operation to their Enbridge Income Fund (ENF-T). She doesn’t have all the details. Thinks Enbridge Income Fund is going to have to raise some debt. She really likes management. Very good visibility in their backlog. Have indicated they are going to grow their earnings 10%-12% over the next few years, and their dividend in excess of that.


Price: $64.040
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: Yes
2015-04-14 COMMENT Fortis Inc.
FTS-T
Christine Poole

Owns this in a few accounts for clients that really need income, but got out of most of it when she saw that growth was slowing and they had some regulatory hearings coming up. This is now largely behind them. Have done a couple of acquisitions that will give them more growth. Feels it is a sound investment for someone who needs yield. Given what they have in their backlog, she feels the dividend will be increased every year. Yield of around 3.8%.


Price: $39.090
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: Yes
2015-04-14 COMMENT General Electric
GE-N
Christine Poole

Had a nice 10% bump on Friday when they announced the massive sale of their financial products division. They are hoping to have it down below 10% of revenue by 2018. Has this on her radar, but doesn’t see a pressing need to get into it right now. It will still be a couple of years in transformation. Prefers United Technologies (UTX-N).


Price: $27.730
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: No
2015-04-14 PAST TOP PICK CGI Group (A)
GIB.A-T
Christine Poole

(A Top Pick April 1/14. Up 66.79%.) This is getting up there in terms of valuations. It used to trade at a big discount to its peers, but is now trading in line with them. They are in a position to make another acquisition, so that is the next leg.


Price: $56.770
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: Yes
2015-04-14 HOLD Hudbay Minerals Inc.
HBM-T
Don Vialoux

This has positive seasonality at this time of year. Typically it is from mid-October right through until around April/May of each year. Technically on a trend basis it is looking good and is above its 20 day moving average. It is also outperforming the TSE Composite right now. This gives 3 technicals which are positive and the seasonality is also positive. You should continue to Hold, but be aware that the seasonality ends sometime in May. Watch the technicals very closely.


Price: $10.710
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: UNKNOWN
Owned: Unknown
2015-04-14 COMMENT Home Capital Group
HCG-T
Christine Poole

Bank of Nova Scotia (BNS-T) or Home Capital Group (HCG-T)? Mainly focused on Canadian housing. It has a lower dividend then Scotia. Both stocks have pulled back. Her preference would be Scotia, because of their diverse business base.


Price: $45.800
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: Unknown
2015-04-14 TOP PICK HBP S&P/TSX 60 Index ETF
HXT-T
Don Vialoux

TSX 60 finally broke through a 7 year high, which is technically very, very good. This is in an upward trend, above its 20 day moving average and is outperforming the S&P 500. The problem is, once you get into May to October, volatility increases virtually every year, so you want to protect yourself by owning this until May and then look for some technical signals to take some profits.


Price: $28.870
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: UNKNOWN
Owned: No
2015-04-14 PAST TOP PICK iShares S&P Europe 350 E.T.F.
IEV-N
Don Vialoux

(A Top Pick Jan 19/15. Up 8.09%.) This should have been higher than 8%, but it was because of the strength of the US$.


Price: $45.720
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: UNKNOWN
Owned: No
2015-04-14 COMMENT iShares S&P Europe 350 E.T.F.
IEV-N
Don Vialoux

Is this a good time to buy a European ETF and should it be hedged? Historically European equity markets have almost identical seasonality to North American equity markets. Normally from around the end of October right through to the 1st week in May. The way to play this is through iShares S&P Europe 350 ETF (IEV-N). This is 350 of the largest companies in Europe. A really good way of playing the market.


Price: $45.720
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: UNKNOWN
Owned: Unknown
2015-04-14 DON'T BUY Interfor Corp
IFP-T
Don Vialoux

Interfor (IFP-T) or Western Forest Products (WEF-T)? He doesn’t really like either of these right now. They are both currently in downward trends. The price of lumber for the last month or so has virtually collapsed, and that is starting to have a direct impact on the lumber stocks. Lumber stocks have very strong seasonal strengths in both directions. They tend to be strong in October right through until March/April, and then from April to October they go down. Better opportunities elsewhere.


Price: $18.240
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: UNKNOWN
Owned: No
2015-04-14 COMMENT Inter Pipeline
IPL-T
Christine Poole

Likes the pipelines as a group, because she does not think energy prices will stay low for a prolonged period of time. For the next few years, their cash flow is quite visible for projects that are in place. Just coming off a very strong capital spending cycle from last year. They are not at full capacity, but they are all backed up by long-term service agreements, so it is very defensive. She still likes this.


Price: $30.870
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: Yes
2015-04-14 COMMENT Coca-Cola Company
KO-N
Christine Poole

A global company with strong brands. Has cash and pays a relatively decent dividend. It is very well positioned in emerging markets, so not a lot of room to expand. Also, the category they are in is declining in developed markets.


Price: $40.510
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: No
2015-04-14 PAST TOP PICK Loblaw Companies Ltd
L-T
Christine Poole

(A Top Pick April 1/14. Up 41.53%.) She had liked the Shoppers acquisition and the stock had pulled back. Thinks their cash flow is going to start ramping up and they will be buying back stock and paying down debt. Likes the drug retail space and Shoppers is great chain with great locations.


Price: $64.590
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: Yes
2015-04-14 COMMENT Loblaw Companies Ltd
L-T
Christine Poole

Empire Company (EMP.A-T) or Loblaw’s (L-T)? The grocery space is a fairly consolidated market with 3 or 4 major players and relatively defensive. With the exit of Target, the square footage as really moderated, this is a plus. If she had to choose among all the players out there, it would be this one, because of the drug retail side.


Price: $64.590
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: Yes
2015-04-14 TOP PICK Mondelez International
MDLZ-Q
Christine Poole

This is 44% emerging markets. They are the number 1 player in biscuits, chocolates, candy and number 2 in gum. Most of those categories have very little private label competition, which is good for pricing. This is really a play on emerging markets for their growing consumer middle class. She sees a lot of runway. FX has been a headwind but she thinks the market has chosen to look through that and to recognize the long-term growth opportunities. The company has been embarking on a margin improvement program as their margins are quite a bit lower than their peers. Yield of 1.6%.


Price: $37.470
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: Yes
2015-04-14 TOP PICK Manulife Financial
MFC-T
Christine Poole

Thinks they are really position to grow their ROE and their Book Value. These are 2 really important metrics she looks for in a lifeco business. Have done a series of transactions, which underscores management’s focus on long-term growth. Yield of 2.8%.


Price: $22.130
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: Yes
2015-04-14 COMMENT Martinrea
MRE-T
Don Vialoux

Historically the auto season does very well in the spring time. He would guess it is probably above its 20 day moving average. Also, the strength relative to the TSE Composite is currently positive. That’s 3 positives. On the other side of that, stocks like this have a history of peaking out at around May of each year. This means we are okay for another month or so, but watch the technicals very closely.


Price: $12.650
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: UNKNOWN
Owned: Unknown
2015-04-14 DON'T BUY Norbord Inc.
NBD-T
Don Vialoux

Seasonality on this is similar to most lumber stocks in Canada. Historically it is from October right through until April of each year. Last year it peaked out a little bit early, and did it again this year. Stock is now establishing a downward trend, trading below its 20 day moving average and is underperforming the market.


Price: $25.070
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: UNKNOWN
Owned: Unknown
2015-04-14 HOLD Precision Drilling
PD-T
Christine Poole

(Market Call Minute.) Sold her holdings very early on during the energy correction. If you are Long on this one, she would continue to hold, but she wouldn’t Buy as she expects there is more volatility coming.


Price: $9.080
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: No
2015-04-14 HOLD Precision Drilling
PD-T
Don Vialoux

This is part of the oil service sector, and historically the sector does very, very well from January right through until May of each year. Chart shows a gorgeous reverse head and shoulders pattern. The trend is there and it is above its 20 day moving average and outperforming the market. Today, the Philadelphia oil service sector broke out on the charts on a beautiful double bottom pattern. We are just getting started on the seasonal service trend. Seasonality is positive until the end of May, so at that point in time you will probably want to take some profits.


Price: $9.080
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: UNKNOWN
Owned: Unknown
2015-04-14 TOP PICK PPG Industries
PPG-N
Christine Poole

Has a lot of International exposure. 40%-45% is North America and the rest is international. A global coating company. They are number 2 in 70% of their end markets. Provides coating for aerospace. Also, have architectural paints (house paint) as well as auto OEM coating. A leading player in the US. Recently acquired the largest player in Mexico. Raw material costs are largely petrochemical based, so they will benefit from lower crude prices. Yield of 1.18%.


Price: $227.960
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: Yes
2015-04-14 PAST TOP PICK ETFS Physical Platinum Shares
PPLT-N
Don Vialoux

(A Top Pick Jan 19/15. Down 9.05%.) The story here is that seasonality does not work all of the time. The key is to protect yourself when it doesn’t work, so watch the technical indicators. What happened in this case is that the US$ took off and virtually eliminated all the potential return from platinum.


Price: $111.690
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: UNKNOWN
Owned: No
2015-04-14 HOLD Qualcomm
QCOM-Q
Don Vialoux

From the middle of April right through until the end of May, high tech stocks like this have a tendency to do very, very well. Currently it is forming a nice base pattern. If it moves above that base pattern, that could set the stage for a nice little move on the upside for a seasonal trade. It could be an interesting situation over the next few weeks.


Price: $68.970
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: UNKNOWN
Owned: Unknown
2015-04-14 TOP PICK Power Share QQQQ ETF
QQQ-Q
Don Vialoux

Historically, this has outperformed the rest of the market from the middle of April through to the end of May. This partly has to do with its makeup. It is technology, which is when companies announce their new products. Also, a good chunk is biotech, and there are a lot of announcements from the biotechs that come into the market at that time as well.


Price: $107.170
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: UNKNOWN
Owned: No
2015-04-14 PARTIAL SELL Shake Shack Inc
SHAK-N
Christine Poole

A quick serve restaurant. Trading at a very high multiple. Because she is a value oriented investor, the value is way too extreme. If you own, consider lightening up.


Price: $59.930
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: No
2015-04-14 DON'T BUY SNC-Lavalin Group Inc.
SNC-T
Christine Poole

Sold this when all the issues started to surface. It is always difficult to say if their problems are all behind them. Her concern is that what has happened could impact their future ability to bid. It seems like every few weeks something comes up. If you want to be in this area, there are other businesses that you could buy.


Price: $41.560
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: No
2015-04-14 COMMENT Staples
SPLS-Q
Christine Poole

If this company does eventually buy Office Depot (ODP-Q), that is a positive because they are consolidating a very competitive industry. There is a lot of competition from online retailers. Not an industry where she sees a lot of strong secular growth and it is relatively mature. Not a space that she is particularly interested in.


Price: $16.210
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: No
2015-04-14 TOP PICK SPDR S&P 500 ETF
SPY-N
Don Vialoux

Technicals are positive. The S&P 500 is in an upward trend. Trading above its 20 day moving average. This is the market, so it is doing what the market does. Seasonality continues to be positive until, on average, May 5. There is a danger that the markets could come under pressure some time between May and October of this year. A very short term trade.


Price: $209.490
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: UNKNOWN
Owned: No
2015-04-14 DON'T BUY Teck Resources Ltd. (B)
TCK.B-T
Don Vialoux

Historically this does very well from October to probably through April of each year. However, this year the stock is not doing what it normally should do on a seasonal basis. It has actually established a short downward trend. Trading below its 20 day moving average and underperforming the TSE Composite. There are better opportunities elsewhere, within the base metal sector.


Price: $16.840
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: UNKNOWN
Owned: Unknown
2015-04-14 HOLD Unilever PLC
UL-N
Christine Poole

You own this because they have about 55%-58% emerging market exposure. A global leading consumer products company in food and personal care. It is really a play on the middle class in emerging markets. Underperformed in the last year because emerging markets have had some difficulty with their economies, so growth has slowed. She likes the story for a long term. Yield of about 3.5%.


Price: $42.940
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: Yes
2015-04-14 DON'T BUY Western Forest Products Inc.
WEF-T
Don Vialoux

Interfor (IFP-T) or Western Forest Products (WEF-T)? He doesn’t really like either of these right now. They are both currently in downward trends. The price of lumber for the last month or so has virtually collapsed, and that is starting to have a direct impact on these lumber stocks. Lumber stocks have very strong seasonal strengths in both directions. They tend to be strong in October right through until March/April, and then from April to October they go down. Better opportunities elsewhere.


Price: $1.980
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: UNKNOWN
Owned: No
2015-04-14 BUY Wells Fargo
WFC-N
Christine Poole

(Market Call Minute.) She would buy it here for the recovery in the US.


Price: $54.190
Subject: NORTH AMERICAN - LARGE
Bias: OPTIMISTIC
Owned: Yes
2015-04-14 COMMENT BMO Equal Weight Bank ETF
ZEB-T
Don Vialoux

Banks have 2 periods of seasonal strength. One is from January until the middle of April. The other is from August to October. Technicals on this ETF are very positive. The trend is upwards. The units are trading above their 20 day moving average. Its strength, relative to the S&P 500 and TSE Composite, is currently positive. The key is to stick with the sector until the end of its period of seasonal strength, which turns out to be this week. When you start to see technical deterioration that will be the time to take some profits.


Price: $22.930
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: UNKNOWN
Owned: Unknown
2015-04-13 N/A A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

US Dollar. When you look internationally at investment returns, currencies are a big, big factor. The dynamics that are going on in the marketplace right now, between the Fed contemplating tightening, Bank of Canada easing, Europeans just starting their QE, Japan continuing their QE, when you look at that and only that, you can get a real sense that the US$ is going to continue to get stronger. There is about $9 trillion worth of global debt from foreign countries and corporations pegged to the US$. So if the US$ gets stronger, for them to repay that, there is an added pressure for demand for dollars. All of these things combined over the next year probably keep the US$ on the stronger side. Never listen to what Central Banks are doing, they are almost always wrong.


Price: $0.020
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: _N/A
2015-04-13 N/A A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

China. This speaks to the US$. For many, many years, because of all the dollars they got through trade, they were the biggest buyer of US treasuries. A couple of years ago, they backed off and said that they weren’t interested in treasuries anymore. With them missing their numbers, we are all concerned. Very concerned about real estate prices now starting to fall there. They are going to do 7% growth because they are going to engineer it. He thinks China has got to be slowing to 4%-5%. That will ultimately come out in trade numbers.


Price: $0.020
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: _N/A
2015-04-13 N/A A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

US Earnings. We are expecting a little bit of weakness this quarter. A lot of that has been discounted already. The 1st part of earnings, the banking side, people are expecting them to be a little bit better. Banks tend to report at the front end of earnings season, and that tends to be a bit more positive. The real risk comes towards the back end of earnings’ season as we get into late April and early May.


Price: $0.020
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: _N/A
2015-04-13 N/A A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

Hedged versus non-hedged ETF’s. You have to make a bit of a market call to know which one to do at any point in time. What we do understand from currencies is that they are a very low correlation generally with equity markets. If the view for the next year or so is that the US$ is going to continue to get weaker, the  Cdn$ probably doesn’t get past $1.30-$1.33. The Cdn$ is currently sitting at around $1.26. You want to be hedged. When the Cdn$ comes back, you want to be more hedged.


Price: $0.020
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: _N/A
2015-04-13 N/A A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

Why are leveraged ETF’s not recommended for longer-term investing? In a leveraged ETF, if the market goes up 1 day, they are buying higher. If the next day is going down, it is selling lower. So every day that it goes up and down you are buying high and selling low. That is a formula for disaster in the long run. When you look at any ETF, it doesn’t matter what it is, the more volatile it is over time, the worst that leverage embedded in the ETF is. Great for short-term trading such as a couple of weeks, even a couple of months, but you have to get the direction right. MER’s typically fall in at around 1%, so shouldn’t be a major consideration.


Price: $0.020
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: _N/A
2015-04-13 N/A A Comment -- General Comments From an Expert
A Commentary
Colin Stewart

Markets. Prefers US equities versus Canadian today. The economic outlook in the US is a little bit better. They have a recovering economy. Unemployment is coming down a lot. Low oil prices, in the US in particular, are very good for consumers. Relative to investing in bonds, we have high quality and growing companies which is creating a lot of free cash flow. It is inevitable that interest rates in the US will be raised this year, but will probably be gradual. The key for investors is to try and position in sectors that will benefit from rising rates, such as financials. The financial banking sector in the US has struggled with a low rate environment for many years.


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH on US MARKET
Owned: _N/A
2015-04-13 DON'T BUY A Comment -- General Comments From an Expert
A Commentary
John Hood

VIX ETF’s? This is a bad time to be holding these. These things are a gambling device, not an investment device. This is for day trading or weekly trading, but there really is nothing to these things. He doesn’t use these.


Price: $0.020
Subject: OPTIONS & ETFs
Bias: UNKNOWN
Owned: No
Showing 121 to 180 of 139,088 entries