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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
2017-01-17 COMMENT Pfizer Inc
PFE-N
David Dietze

He is bullish on this. It is all about risk/reward. The company has an infrastructure, in terms of its sales force, that is unmatched. They have a very pristine balance sheet. Wonderful research and development operations. Very attractive dividend at close to 4%. It will likely outperform the Dow over the next 12-18 months.


Price: $32.060
Subject: US EQUITIES
Bias: CAUTIOUS
Owned: Unknown
2017-01-17 COMMENT Prudential Financial Inc
PRU-N
David Dietze

Prudential (PRU-N), Metropolitan Life (MET-N) or a US bank? He likes financials for the long haul. The only group that has not fully recovered from the 2008 downturn. However, there has been a tremendous run up since the election on the hopes for higher interest rates because of stronger growth from some of the Trump policies and less regulations. He likes them both. They are both trading close to BV. However, insurance is becoming more and more of a commodity business, so he thinks he would give a little edge to MetLife for being bigger. Currently he likes the life insurers because the banks have run up so much.


Price: $103.920
Subject: US EQUITIES
Bias: CAUTIOUS
Owned: Unknown
2017-01-17 COMMENT Qualcomm
QCOM-Q
David Dietze

This had a good 2016. The whole management team has done a wonderful job over the years of keeping the company in the right themes in the technology atmosphere. Also, they really have embraced the concept of returning money to shareholders. The rate of dividend growth, double-digit percentage, will probably continue. Dividend yield of 3.2%.


Price: $64.190
Subject: US EQUITIES
Bias: CAUTIOUS
Owned: Unknown
2017-01-17 PAST TOP PICK Robert Half International
RHI-N
Jennifer Radman

(Top Pick Feb 19/16, Up 30.85%) It got hit pretty hard last year.  The market was pricing in a recession that didn’t happen.  It had a great recovery.  They have an 8% cash flow yield.  She thinks we will see a much higher share price going forward.


Price: $48.830
Subject: US LARGE
Bias: SELECTIVE
Owned: Yes
2017-01-17 BUY A T & T US
T-N
David Dietze

This is your classic bond surrogate. Between AT&T and Verizon (VZ-N), it is almost a duopoly. Pays an excellent dividend of close to 5%, and trades at a very reasonable valuation. Thinks their merger with Time Warner will go through and make them stronger.


Price: $41.110
Subject: US EQUITIES
Bias: CAUTIOUS
Owned: Unknown
2017-01-17 TOP PICK Tricon Capital Group
TCN-T
Jennifer Radman

A Canadian company with a lot of exposure to the US.  They have rental, development and individual homes.  She had avoided this space, but there are a lot of avenues across they space for them to grow.  It is a great price compared to their net asset value.  She has owned it for a while and is flat on the position.  They bring in a lot of experts to work with and she thinks that is key.  (Analysts Target:  $12.56).


Price: $9.730
Subject: US LARGE
Bias: SELECTIVE
Owned: Yes
2017-01-17 TOP PICK Teva Pharmaceutical
TEVA-N
David Dietze

This was close to $70 a share, and currently is at about $34 a share. It could earn $4-$5 in the next 12 months, a very attractive valuation. 60% of their business is generics, and they are the market leader. About half their revenue is coming from emerging markets, and that has to be a growth area. Just acquired about a $30 billion portfolio of generics from Allergan. Dividend yield of 4.02%. (Analysts’ price target is $45.50.)


Price: $33.750
Subject: US EQUITIES
Bias: CAUTIOUS
Owned: Yes
2017-01-17 TOP PICK Unilever PLC
UL-N
David Dietze

He likes this because it is the 3rd largest globally with 57% personal products and 43% consumer food items. If there is any weakening in the dollar, you are going to see this company improve their performance. 50% of revenue is coming from emerging markets, so this is a growth area. Dividend yield of 3.42%. (Analysts’ price target is $36.72.)


Price: $41.610
Subject: US EQUITIES
Bias: CAUTIOUS
Owned: Yes
2017-01-17 HOLD Valero Energy Corp
VLO-N
David Dietze

Has not been adding to his holdings, and wouldn’t add to it right now. In his view, this is the best operated independent refiner. It now pays a good dividend of something like 3.6%. However, if you look at the current P/E ratio, it is far higher than its historical single digit PE.


Price: $66.190
Subject: US EQUITIES
Bias: CAUTIOUS
Owned: Yes
2017-01-17 COMMENT Wal-Mart Stores Inc.
WMT-N
David Dietze

He likes this company, because it has a 3%+ dividend, giving you some ballast, and defensive characteristics should this market get volatile. It is also good if you are sceptical somewhat of the US economy taking off. This company tends to outperform when the market is going down. It has pulled back in the last few weeks.


Price: $68.420
Subject: US EQUITIES
Bias: CAUTIOUS
Owned: Unknown
2017-01-17 COMMENT Wynne Resorts Ltd.
WYNN-Q
David Dietze

He likes this company. They have the largest market share of the Macau gaming area, and the Chinese love to gamble. The company is very well positioned. There are concerns as to access to cash, access to credit; but as those stabilize, this company’s business can stabilize. Over the long haul, this is a nice place to be.


Price: $92.340
Subject: US EQUITIES
Bias: CAUTIOUS
Owned: Unknown
2017-01-17 TOP PICK Exxon Mobil
XOM-N
David Dietze

The ultimate Trump stock. When the president of the company is nominated to become Secretary of State, that can only benefit the company. If energy goes up, the company wins. If energy goes down, this company is going to perform because they are so diversified across the industry and geographically. Dividend yield of 3.45%. (Analysts’ price target is $89.92.)


Price: $87.360
Subject: US EQUITIES
Bias: CAUTIOUS
Owned: Yes
2017-01-17 COMMENT Xerox
XRX-N
David Dietze

This has basically split into 2, and he thinks that was wise corporate engineering, because investors are now going to be able to pick which part of this legacy they want to invest in. Thinks a lot of people are still digesting what the balance sheet looks like and what the outlook is. He doesn’t think they are overvalued.


Price: $6.930
Subject: US EQUITIES
Bias: CAUTIOUS
Owned: Unknown
2017-01-16 N/A A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

Markets.  Brexit news is coming tomorrow from Britain.  Brexit is part of the shift to the right and it shows that people don’t want globalization any longer.  You have to understand what it means for growth and volatility.  It is a headwind.  It will be good for British exports, but if you invest in the UK, you better buy the hedged version of the ETF.  Trump is protectionist.  We are just beginning to see what this means on a trade basis.  He thinks it will allow not more than 2% growth in the US GDP.  The banks have had a big run up and he sees a sell-the-news happening soon.  There have been some misses and we have to watch for those.  Inauguration of Trump happens this week and you have to look at seasonally patters for the last 60 years, post inauguration day.  You don’t have much growth on average for the rest of the year.  A lot of news is priced into the market.  You have to play defense.  A post inauguration correction is expected.


Price: $0.020
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: _N/A
2017-01-16 BUY A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

Educational Segment.  Smart Beta ETFs.  Sustainable yield.  High dividend stocks can’t usually sustain the high dividends.  Sphere’s strategy aims to offer sustainable dividends.  You have to eliminate stocks from an ETF that can’t sustain high dividends.  They have a screen for these companies.  You lose a little yield, but greatly reduce volatility.  SHC-T is a Canadian sustainable high yield ETF.  They have US, Europe, Asian etc as well.  It is not always about the MERs. 


Price: $0.020
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: _N/A
2017-01-16 N/A A Comment -- General Comments From an Expert
A Commentary
Jason Mann

Markets.  He is not sure he knows a whole lot about a Donald Trump presidency.  You cannot make an investment decision based on tweets.  The trends in place prior to the election – reflation, cyclical doing well, and interest sensitives acting poorly, will extend into this year.  He is a magna investor and did nothing.  You do not know where the rhetoric will turn into policy.  You have to stick to trends and themes that have been developing.  Stay away from high multiple growth stocks.  Stocks hit by a Trump tweet have recovered, but it is not how this guest manages money. 


Price: $0.020
Subject: NORTH AMERICAN
Bias: UNKNOWN
Owned: _N/A
2017-01-16 N/A A Comment -- General Comments From an Expert
A Commentary
Paul Harris, CFA

Market. Because Trump won both houses of Congress, and there was a sense he was going to bring down tax rates, get rid of a lot of red tape, temper Dodd-Frank a little, we need to actually see things getting done and what is on the agenda. There will be some volatility in the market, and you want to Buy the volatility. If he can accomplish even half what he has talked about, it would bode well for the stock market. When you have an opportunity like this, if you like a particular stock and the fundamentals and a particular sector, now would be the time to get in. However, you have to feel comfortable with what you are buying.


Price: $0.020
Subject: GLOBAL LARGE
Bias: UNKNOWN
Owned: _N/A
2017-01-16 TOP PICK Air Canada (B)
AC-T
Jason Mann

It is time to recommend this one.  It has great price momentum and the valuation is cheap – 4 times PE.  It beat on a decent quarter.  The challenge has been their debt load, but it seems they can now leverage their balance sheet.  Discipline has come back into the trade.


Price: $13.810
Subject: NORTH AMERICAN
Bias: UNKNOWN
Owned: Yes
2017-01-16 TOP PICK AutoCanada Inc.
ACQ-T
Paul Harris, CFA

This fell apart over several years, simply because they were in BC and Alberta during the hard time. Secondly it is supposed to be a growth by acquisition story and they were buying 2-3 dealerships a year, but 1 year they did 15 dealerships, way too many. Also, they didn’t really integrate their back-office effectively. New management came in and are committed to making only 2-3 acquisitions a year. A good story at these levels, and it should continue to do well. Dividend yield of 1.55%. (Analysts’ price target is $24.25.)


Price: $25.750
Subject: GLOBAL LARGE
Bias: UNKNOWN
Owned: Yes
2017-01-16 HOLD Altagas Ltd
ALA-T
Jason Mann

It has a good yield of 6’ish percent.  Valuations in these types of companies have been rather high as defensives, low interest sensitive, and low volatility did well.  There were rumours they would buy WIG and the stock could be under pressure if the deal was consummated. For him it is too highly valued for the growth profile.  You own it for the yield.


Price: $32.280
Subject: NORTH AMERICAN
Bias: UNKNOWN
Owned: No
2017-01-16 COMMENT Amazon.com
AMZN-Q
Paul Harris, CFA

An incredible story, but from a valuation perspective it is incredibly expensive. They dominate online retail spending and no one is coming close. The big box stores are having a really hard time competing on an online basis. The money coming from Amazon’s cloud business AWS is really subsidizing the retail side of it.


Price: $817.140
Subject: GLOBAL LARGE
Bias: UNKNOWN
Owned: No
2017-01-16 BUY on WEAKNESS Alimentation Couche-Tard (B)
ATD.B-T
Paul Harris, CFA

Growth by acquisition, and have done a very good job over the years of taking over places, reinventing them, etc. Expects there is good growth, especially in the US. Possibly looking at growing in the UK and Ireland. Dominating the convenience store business. Still a lot more room in the US to do that. Acquisitions have to be bigger to make a difference to them, but when they make an acquisition, the stock will probably pull back and that’s when you need to be a buyer. They are very good at integrating acquisitions, bringing down their costs and making the supply chain really work to their benefit. Trading at 17X next year’s earnings, so it is not expensive.


Price: $61.300
Subject: GLOBAL LARGE
Bias: UNKNOWN
Owned: Unknown
2017-01-16 COMMENT Boeing
BA-N
Paul Harris, CFA

This industry is doing very well and they have the winds to their back. Coming out with new products. There has been good reception to the new wide-body planes, which is really helping out a lot of companies. There is certainly potential for this to go higher. They will probably benefit from better global growth, which he expects to see in the next several years.


Price: $158.830
Subject: GLOBAL LARGE
Bias: UNKNOWN
Owned: Unknown
2017-01-16 PAST TOP PICK Bank of America
BAC-N
Paul Harris, CFA

(A Top Pick Feb 11/16. Up 109.35%.) This has done incredibly well since November 9. It is still trading at .8X Book. (Canadian banks are trading at close to 2X Book.) It has a great franchise, whether it is retail or investment banking. He can see a lot of room on the upside. Try to Buy on weakness.


Price: $23.010
Subject: GLOBAL LARGE
Bias: UNKNOWN
Owned: Yes
2017-01-16 COMMENT Brookfield Asset Management (A)
BAM.A-T
Paul Harris, CFA

A holding company for many other Brookfield holdings, including real estate. A really well run company. They’ve really narrowed NAV, because it used to trade at a discount. They spin out stuff and you end up getting 1 or 2 shares. An asset management company, so they constantly buy assets. They look for undervalued assets, nurture them and grow them and then either spin them out or sell them. This is always going to trade at a discount to its NAV.


Price: $44.530
Subject: GLOBAL LARGE
Bias: UNKNOWN
Owned: No
2017-01-16 DON'T BUY BlackBerry
BB-T
Jason Mann

Trump announced a security strategy that included a BB-T partner.  But BB-T has been a short for him for a while and they don’t have positive cash flow.  They are still in the process of right sizing.  He wants to see earnings.


Price: $9.460
Subject: NORTH AMERICAN
Bias: UNKNOWN
Owned: Unknown
2017-01-16 DON'T BUY Bombardier Inc (B)
BBD.B-T
Jason Mann

It was a favourite short by hedge funds over the last couple of years.  It has all changed now.  It has broken out of the $2 cap.  To him the valuation is just not there yet and is moving ahead on optimism.  There is a risk of an equity issue to shore up the balance sheet.


Price: $2.620
Subject: NORTH AMERICAN
Bias: UNKNOWN
Owned: Unknown
2017-01-16 PAST TOP PICK Bayerische Motoren Werke AG
BMW-GR
Paul Harris, CFA

(A Top Pick Feb 11/16. Up 34.39%.) About 40% of this is owned by a German family, so it has a very stable ownership base. Also, it has a great brand. They’ve done a very good job on research/development.


Price: $0.000
Subject: GLOBAL LARGE
Bias: UNKNOWN
Owned: Yes
2017-01-16 SELL Brookfield Property Partners
BPY.UN-T
Jason Mann

A small short for him.  It carries a lot of debt by its nature.  On an REO and cash flow basis, it is not one he wants to hold.


Price: $29.040
Subject: NORTH AMERICAN
Bias: UNKNOWN
Owned: Yes
2017-01-16 TOP PICK Blackstone Group LP
BX-N
Paul Harris, CFA

The largest private equity firm globally. Trading at 10X earnings. The stock really didn’t move when all the other financials did. They have about $100 billion that they can spend to buy things if things go bad. They were really good buyers of assets all the way from 2008-2009. Have some great assets which have matured and is now time to sell, but they need a strong equity market. When they get this in the next couple of years, they will harvest a lot from the purchases they made. Not expensive. Dividend yield of 5.45%. (Analysts’ price target is $33.83.)


Price: $30.090
Subject: GLOBAL LARGE
Bias: UNKNOWN
Owned: Yes
2017-01-16 HOLD Cameco Corporation
CCO-T
Jason Mann

He was short until November when it started to turn the corner.  It has taken off since then.  The valuation is a bit of a challenge for him.  The commodity is changing very quickly.  Uranium has come off its bottom.  On a price/momentum basis you could own it, but there has been a big move without knowing that cash flows will show up in the share price. Wait until earnings materialize.


Price: $17.120
Subject: NORTH AMERICAN
Bias: UNKNOWN
Owned: Unknown
2017-01-16 PAST TOP PICK Canadian National R.R.
CNR-T
Jason Mann

(Top Pick Feb12/16, Up 24.02%) He still holds it and has so for years.  It is reasonable cheap, rising and stable.  About 25% ROE.  PE is about 20 times.  They have a group of asset you can’t replicate anywhere else.  Buy more on weakness.


Price: $93.370
Subject: NORTH AMERICAN
Bias: UNKNOWN
Owned: Yes
2017-01-16 HOLD Canadian National R.R.
CNR-T
Paul Harris, CFA

Sell? Transports have done quite well in the last while and are up a fair bit. This is trading at about 18X earnings. The rail industry has consolidated quite heavily over the last 5-10 years, so you have seen them really thinking about ROI. Because they have a better efficiency and asset utilization, they’ve had better margins, and that is going to continue. With oil stabilizing and commodities doing a little better, you should see better returns over the next while.


Price: $93.370
Subject: GLOBAL LARGE
Bias: UNKNOWN
Owned: Yes
2017-01-16 BUY Emerson Electric
EMR-N
Jason Mann

He likes it and holds it here.  Since June this cyclical wave came in and cheaper stocks benefited from a growth economy and did well.  You want to focus on cheaper stocks that are more industrial and this stock looks good.  They are poised to benefit from the ‘Buy America’ trend Trump is trying to instigate. 


Price: $57.120
Subject: NORTH AMERICAN
Bias: UNKNOWN
Owned: Unknown
2017-01-16 BUY on WEAKNESS Enbridge
ENB-T
Paul Harris, CFA

TransCanada (TRP-T) or Enbridge (ENB-T) for a 10-year hold? Both companies have done something very interesting by making big US acquisitions. He likes this one because there is some very good growth and management has been spectacular.


Price: $57.270
Subject: GLOBAL LARGE
Bias: UNKNOWN
Owned: Yes
2017-01-16 COMMENT Facebook
FB-Q
Paul Harris, CFA

From a valuation perspective, this is not a stock he would own as the metrics are too high for him. When you talk to advertising and Digital media people, and ask where the advertising dollar is going, it is really just going to 2 places; Google and Facebook. They really have a stranglehold on Internet advertising. As print media disappears, it is all going to these 2 companies. They have some real momentum behind them in growing their businesses. The risk from a valuation perspective is if people start seeing this as a media company as opposed to a tech company.


Price: $128.340
Subject: GLOBAL LARGE
Bias: UNKNOWN
Owned: No
2017-01-16 HOLD Fairfax Financial
FFH-T
Jason Mann

It is known as a defensive holding.  It has a long track record of being successful.  There are other firms he would prefer and has a small short on this one.  It has a place in a portfolio because it tends not to fall when the market does.


Price: $620.010
Subject: NORTH AMERICAN
Bias: UNKNOWN
Owned: Yes
2017-01-16 HOLD Flextronic International
FLEX-Q
Jason Mann

He would not sell winners.  Let them run and sell losing positions.  It is reasonable and they hit all metrics.  8 times earrings so valuation is pretty good.  It also has good price momentum. 


Price: $14.670
Subject: NORTH AMERICAN
Bias: UNKNOWN
Owned: Yes
2017-01-16 PAST TOP PICK Firstservice Corp
FSV-T
Paul Harris, CFA

(A Top Pick Feb 11/16. Up 32.48%.) A real estate management company, but also do a lot of other things. They have a large business in the US. Also, have a lot of branded businesses like California Closets, College Pro Painting, etc. Still a fragmented industry, and a lot of it is still “mom and pop”, so every year they make bolt-on acquisitions, so have done a very good job of slowly growing their business. Not a cheap stock, so you have to be careful getting into it. Buy it on weakness.


Price: $64.040
Subject: GLOBAL LARGE
Bias: UNKNOWN
Owned: Yes
2017-01-16 TOP PICK Gilead Sciences Inc.
GILD-Q
Paul Harris, CFA

This has 2 big drugs; Hepatitis C and HIV. The HIV drug is doing very well and continues to grow. The problem with the Hep C drug is that it cures, so revenue is coming down and the market is implying that the decline in revenue is going to be a lot faster. Secondly, the market is giving them no value for their existing HIV drug which continues to do well. They are also not getting any value from the fact that there are still a lot of people with hepatitis C, and they’ll need to use the drug. Zero value is being given to the pipeline even though they have some good products. A fantastic balance sheet with no debt. They have a lot of cash overseas, and if they are allowed to bring this back, there will be benefits. Trading at 7X earnings. Yield of 2.57%. (Analysts’ price target is $94.89.)


Price: $73.070
Subject: GLOBAL LARGE
Bias: UNKNOWN
Owned: Yes
2017-01-16 TOP PICK General Motors Corporation
GM-N
Jason Mann

It is a play on job growth.  It is extremely cheap and poised to benefit in the cyclical growth environment.  Longer term the valuation is compelling.


Price: $37.340
Subject: NORTH AMERICAN
Bias: UNKNOWN
Owned: Yes
2017-01-16 HOLD Hudson Bay Co.
HBC-T
Jason Mann

He has been short for about 18 months until the last few days.  He does not like to be short stocks that have fallen a lot over a short period of time.  There is no question you should hold this stock for yield.  They have negative free cash flow, however.  They could always sell their real estate, but they warned for the second time.  Some major stock holder has exited their position.  They have some very valuable assets: Saks, the building, for example.  He is waiting to see if they do anything because of their low stock price.


Price: $9.940
Subject: NORTH AMERICAN
Bias: UNKNOWN
Owned: Unknown
2017-01-16 COMMENT HBP NYMEX Nat'l Gas Bull+
HNU-T
Larry Berman CFA, CMT, CTA

Leveraged ETFs are toxic for long term holding.  The more volatile the underlying asset its, the more toxic it is.  It is great for short term trading.  You don’t go out and sit on this because the price of Nat Gas will eventually go up.  ZJN-T is a good one to sit on for Nat Gas exposure.  You can play it for a long period of time.


Price: $11.260
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Unknown
2017-01-16 TOP PICK Industrial-Alliance Life Ins
IAG-T
Jason Mann

He believes we are in a rising interest rate environment and you want to own financials in this environment.  It qualifies in valuation, price momentum and volatility.  He likes MFC-T and it did well as a Top Pick.  He likes all three.


Price: $55.030
Subject: NORTH AMERICAN
Bias: UNKNOWN
Owned: Yes
2017-01-16 HOLD Interfor Corp
IFP-T
Jason Mann

Stay or go?  He suggests you stay.  It was a Top Pick two months ago. It is a bit of a play on currency and there is the Trump risk with trade wars.


Price: $14.620
Subject: NORTH AMERICAN
Bias: UNKNOWN
Owned: Yes
2017-01-16 SELL Innergex Renewable Energy
INE-T
Jason Mann

He would move on. It is a small short for him.  It has high valuation and a declining share price.  All the renewables and utilities had a big move up for the summer and now they are expected to do poorly.  They have hefty debt also.  People own it because of yield.


Price: $13.910
Subject: NORTH AMERICAN
Bias: UNKNOWN
Owned: Yes
2017-01-16 DON'T BUY Ivanhoe Mines
IVN-T
Jason Mann

It did not do well when it first came out because it was in a bear market.  Now it is now up 3-4 fold.  It has fantastic momentum, but not valuation and stability going for it, however. 


Price: $3.370
Subject: NORTH AMERICAN
Bias: UNKNOWN
Owned: Unknown
2017-01-16 COMMENT Manulife Financial
MFC-T
Paul Harris, CFA

Manulife (MFC-T) or Sun Life (SLF-T)? As interest rates started going up, they have done well in the last little while. To him, Sun Life is a much more stable company. This company has a really great Asian franchise which can drive their business a lot more than Sun Life’s.


Price: $24.300
Subject: GLOBAL LARGE
Bias: UNKNOWN
Owned: No
2017-01-16 BUY Magna Int'l. (A)
MG-T
Paul Harris, CFA

If there is a bigger electrification of cars, this will benefit far more than other auto parts suppliers. Also, it is a much more diversified global business. People are really expecting the car industry to not have the growth it has had over the last 3-4 years. Not expensive and pays a nice dividend.


Price: $56.980
Subject: GLOBAL LARGE
Bias: UNKNOWN
Owned: No
2017-01-16 PAST TOP PICK Open Text
OTC-T
Jason Mann

(Top Pick Feb12/16, Up 29.45%) Don’t buy now, but it has become less cheap than when he first bought it.  PE is now 26%.  The top could be defined by price momentum, he exited very recently.  You could buy on weakness now.


Price: $84.650
Subject: NORTH AMERICAN
Bias: UNKNOWN
Owned: No
2017-01-16 PAST TOP PICK Parex Resources Inc.
PXT-T
Jason Mann

(Top Pick Feb12/16, Up 70.92%) There was no bankruptcy risk.  It is up. The balance sheet is still in great shape. The cash flow has not increased to support the new price level of the stock.  He would shift out of it.


Price: $15.380
Subject: NORTH AMERICAN
Bias: UNKNOWN
Owned: No
2017-01-16 HOLD Stella-Jones Inc.
SJ-T
Larry Berman CFA, CMT, CTA

They had a disappointing forecast.  In the past year it sold off every time it got above $45.  At best it is a hold.


Price: $39.500
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Unknown
2017-01-16 COMMENT Sun Life Financial Inc
SLF-T
Paul Harris, CFA

Manulife (MFC-T) or Sun Life (SLF-T)? As interest rates started going up, they have done well in the last little while. To him, this one is much more stable. They’ve had some restructuring going on. Although their asset management business has lost some assets, it is a very strong company and is much better than Manulife’s asset management business. They’ve had the ability to reprice some of their products which is going to help them on the margin side. With rates going up, it totally benefits them. This is a much more stable company and less volatile.


Price: $52.510
Subject: GLOBAL LARGE
Bias: UNKNOWN
Owned: Yes
2017-01-16 SELL ON STRENGTH Silver Wheaton
SLW-T
Larry Berman CFA, CMT, CTA

Silver Technicals: It is a speculation on money, inflation and so on.  Gold broke $1200 support recently, so we will see some resistance at $1250 soon.  He is out of all his gold shares.  He is inclined to sell into this pop a little bit.  He would then buy the dips after that.


Price: $26.960
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Unknown
2017-01-16 DON'T BUY Silver Wheaton
SLW-T
Jason Mann

He does not trade these stocks because they are volatile and don’t have traditional earnings.  He thinks of them as defensives.  They peaked in the summer.  He would argue that they are tied to the path of interest rates in the future.  You don’t need to own gold as much right now.  They don’t have operating risk so have high PE.  It is not attractive to him. 


Price: $26.960
Subject: NORTH AMERICAN
Bias: UNKNOWN
Owned: Unknown
2017-01-16 DON'T BUY Teck Resources Ltd. (B)
TECK.B-T
Jason Mann

We have seen where this stock CAN go.  It’s moved not so much on copper as on Met Coal.  It is one of those companies that has had too much leverage.  It has been a huge benefit to have this operating leverage in this market recently, though.  It has great price momentum, but is a neutral for him due to its valuation.


Price: $32.180
Subject: NORTH AMERICAN
Bias: UNKNOWN
Owned: No
2017-01-16 BUY Teva Pharmaceutical
TEVA-N
Paul Harris, CFA

An interesting story. A great Buy at these levels. Trading at about 8X earnings with a nice dividend yield of almost 4%. The largest generic maker globally. They acquired Allergan’s generic business and there are a lot of costs they can take out. Sometimes generics are focused on one drug, but this company is much more diversified across a wide spectrum of pharmaceutical lines. The market is slightly worried about the change of CEOs, as well as a couple of drugs that need to have a new molecule made. Although a generic maker, they also have a pipeline of branded drugs. In the long run, this company will do very, very well.


Price: $33.970
Subject: GLOBAL LARGE
Bias: UNKNOWN
Owned: No
2017-01-16 COMMENT Trans Canada Corp
TRP-T
Paul Harris, CFA

TransCanada (TRP-T) or Enbridge (ENB-T) for a 10-year hold? Both companies have done something very interesting by making big US acquisitions. He likes Enbridge because he thinks there is some very good growth and management has been spectacular. Management in this one has not been as consistent.


Price: $61.210
Subject: GLOBAL LARGE
Bias: UNKNOWN
Owned: No
2017-01-16 DON'T BUY Wal-Mart Stores Inc.
WMT-N
Jason Mann

They have some catch-up to do on their on-line business.  70% of products are from China and that could be a major headwind for them as well as every other retailer. 


Price: $67.130
Subject: NORTH AMERICAN
Bias: UNKNOWN
Owned: Unknown
2017-01-16 DON'T BUY BMO US Put Write ETF.
ZPW-T
Larry Berman CFA, CMT, CTA

A put write strategy on a 100 of the best US companies across all economic sectors.  They have a pretty sustainable payout, but it is paid in US$.  It is not hedged.  They have filed a prospective on a hedged ETF that is similar.


Price: $19.620
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Unknown
Showing 181 to 240 of 160,650 entries
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