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

Recent Opinions

Date Signal Company Expert Opinion Price
2014-07-25 TOP PICK Spartan Energy Corp
SPE-T
Eric Nuttall

This is a “sleep easy” small cap growth story. Management owns 13%. In one of the best areas of oil production in Southeast Saskatchewan. Have consistently been drilling wells that have paybacks of less than a year. Because of their size, they can still make smaller acquisitions that are too big for larger companies. Their ability to add accretively is much higher than some others. By his estimation, they will be growing production next year by 49%, the highest of any oil company in Canada, and that is spending only 80% of the cash flow. Typically trades in a band of $3.80 and $4.20. They report in about 2 weeks, but doesn’t know if there will be any catalysts to get people really excited.


Price: $4.040
Subject: OIL & GAS
Bias: BULLISH on OIL
Owned: Yes
2014-07-25 DON'T BUY Twin Butte Energy
TBE-T
Eric Nuttall

(Market Call Minute.) Would stay away from this. Doesn’t have it in his fund, but owns some personally, and he struggles with what to do. Thinks the dividend is probably safe but will never regain the multiple that it had.


Price: $1.710
Subject: OIL & GAS
Bias: BULLISH on OIL
Owned: Yes
2014-07-25 DON'T BUY Talisman Energy
TLM-T
Eric Nuttall

(Market Call Minute.) Have been tempted to Short this. He does not see Repsol coming in and buying an entity that is trading at a premium to most Canadian oils. Short reserve life and crummy assets.


Price: $11.800
Subject: OIL & GAS
Bias: BULLISH on OIL
Owned: No
2014-07-25 PAST TOP PICK Torc Oil & Gas Ltd
TOG-T
Eric Nuttall

(A Top Pick July 30/13. Up 92.91%.) There was also a consolidation of 1 for 5. An extremely stable, solid business model. 80% of the cash flow will generate 14%-16% growth. Current dividend of 4%, and he is hoping for an increase. Still undervalued, and as people get more and more comfortable with the story, there will be multiple expansion. Still a Buy.


Price: $13.700
Subject: OIL & GAS
Bias: BULLISH on OIL
Owned: Yes
2014-07-25 TOP PICK Tourmaline Oil Corp
TOU-T
Eric Nuttall

(A Top Pick July 30/13. Up 33.13%.) His largest holding. A lot of natural gas stocks in the Montney have been unlocking a lot of value by getting better and better at drilling and containing the wells. A lot of this company’s wells are coming on stream at twice what they had budgeted. Thinks this has 40% upside from today’s levels, a $75 stock because their acreage just keeps getting better and better. They keep coming out with new plays. Have 10 years of high-grade inventory.


Price: $52.650
Subject: OIL & GAS
Bias: BULLISH on OIL
Owned: Yes
2014-07-25 COMMENT Twitter, Inc
TWTR-N
Darren Sissons

Twitter (TWTR-N) or Facebook (FB-Q)? All of these properties have not really demonstrated how to make sustainable money. Feels that Facebook will ultimately be acquired by someone and will have to come up with an engine of sustainable growth. This one has value. It’s a community, but how do you monetize a community? This is not a long-term hold. Here today and gone tomorrow.


Price: $38.160
Subject: GLOBAL LARGE
Bias: CAUTIOUS
Owned: No
2014-07-25 TOP PICK Whitecap Resources
WCP-T
Eric Nuttall

One of the most sustainable and attractive total return energy stocks in Canada. Spending less than 1X cash flow. They can grow production by 14%-15% plus pay their existing dividend. Because their wells have been so profitable, they are generating a ton of free cash flow. If they were to take just half of their free cash flow next year, and roll it into the dividend, they could increase it by 33%. Reporting on Aug 7th and he is hoping they increase their dividend by 5%-10%. Still trading at a discount multiple. Thinks it will be a $20 stock over the next year or so. Yield of 4.53%.


Price: $16.630
Subject: OIL & GAS
Bias: BULLISH on OIL
Owned: Yes
2014-07-25 BUY Wright Medical Group Inc
WMGI-Q
Darren Sissons

This is a turnaround story, but eventually will be a takeout story. It is probably 60%-70% done, but you could Buy here on the dip. If you don’t own, you could probably get 30% upside from this point.


Price: $31.300
Subject: GLOBAL LARGE
Bias: CAUTIOUS
Owned: Yes
2014-07-24 N/A A Comment -- General Comments From an Expert
A Commentary
David Burrows

Markets.  Energy infrastructure is one sector he has identified as promising.  There are generally a lot of large cap stocks that have not rebounded fully.  Payouts are rising and income growth is plentiful.  Technology, transportation, chemicals and are also leading sectors.


Price: $0.020
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: _N/A
2014-07-24 N/A A Comment -- General Comments From an Expert
A Commentary
Gordon Reid

Markets. We are in a unique situation where there is so much money on the sidelines; people want to take advantage on any dip. We are not getting traditional corrections, but getting 3%-5% corrections, and then we see money flow positive coming to the market. On the other side, there is this healthy skepticism that is not allowing this to turn into a bubble, which is very, very good. So, while we are pushing the top end in terms of valuation ranges, earnings are coming in pretty healthily on an ongoing basis, quarter by quarter. As long as we keep the cap on and not get too exuberant, the market will work its way higher in a gradual way. There are a lot of people out there who are still feeling the effects of 2008 psychologically, and just not able to commit to the level of equity exposure that they would like to, or think they should to achieve their financial goals.


Price: $0.020
Subject: US EQUITIES
Bias: BULLISH
Owned: _N/A
2014-07-24 N/A A Comment -- General Comments From an Expert
A Commentary
Gordon Reid

Small Caps. Historically these have outperformed large caps. They have an ability to move in a nimble way. At this point in the market, we are starting to sniff a little inflation, which is a good thing for small-cap companies. It gives them pricing power and the ability to adjust on the cost side in a much faster way than very large companies.


Price: $0.020
Subject: US EQUITIES
Bias: BULLISH
Owned: _N/A
2014-07-24 COMMENT Alcoa
AA-N
Gordon Reid

Hasn’t owned this because he just doesn’t feel comfortable in a situation where they are making strides on the cost side, and by trying to equalize the supply/demand situation. There has been a tremendous amount of supply in the smelters, and they have been shuttering smelters to try to equalize that. They are not completely in control because China is a big producer. However, the company has done a good job.


Price: $17.000
Subject: US EQUITIES
Bias: BULLISH
Owned: No
2014-07-24 TOP PICK Apple
AAPL-Q
David Burrows

Sometimes it is hard to stick with what is working.  Just about to release a new iPhone.  There is growth in the BRIC countries.  They have the watch device. There is a JV to provide enterprise services.  It is behaving very well and has strong dividend growth and strong free cash flow.  Great balance sheet.


Price: $97.030
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Yes
2014-07-24 PAST TOP PICK Apple
AAPL-Q
Gordon Reid

(A Top Pick July 17/13. Up 61.67%.) Had a 7 for 1 stock split. Thinks the market has refocused. Has gone from euphoria when the iPhones were being introduced, followed by the doldrums when people were pricing the company for extinction. We are now moving back towards the euphoria phase with a new product cycle that is about to hit us. There will probably be an iWatch. Have returned $78 billion to shareholders in the last 1.5 years. Have another $50 billion or so, to satisfy their commitment. Thinks the stock can go higher from here. Still represents excellent value.


Price: $97.030
Subject: US EQUITIES
Bias: BULLISH
Owned: Yes
2014-07-24 DON'T BUY Agrium
AGU-T
David Burrows

No agricultural exposure over the last couple of months.  At this point it is not one of those sectors to buy.   Not one of the right groups to invest in.


Price: $98.910
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: No
2014-07-24 PAST TOP PICK Amazon.com
AMZN-Q
David Burrows

(Top Pick Jul. 11/13, Up 20.25%) He continues to see secular growth with online retailing.  25% year over year revenue growth.  You could own this as a proxy on online retail.


Price: $358.610
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Yes
2014-07-24 TOP PICK American Axle & Mfg Hldgs Inc.
AXL-N
Gordon Reid

This was spun off from General Motors (GM-N) in 1994. Make drive line axles, primarily for trucks initially, but have moved into the car business. Most of the business historically has been with General Motors, but are now down to about 55% with GM, and are dealing with about 100 different customers. Growing their earnings at a fairly good clip of about 15% annually, but are only trading at 8 or 9 times earnings.


Price: $19.230
Subject: US EQUITIES
Bias: BULLISH
Owned: Yes
2014-07-24 TOP PICK Boeing
BA-N
Gordon Reid

This is a great story. It has visibility, which a lot of companies don’t. We are seeing a $377 billion backlog for 5200 commercial aircraft. They have the 787 Dream Liner. Trading at about 16X earnings. It is a captive market. Airlines need to buy new technology and new aircrafts because they are more fuel efficient.


Price: $124.400
Subject: US EQUITIES
Bias: BULLISH
Owned: Yes
2014-07-24 COMMENT Bank of America
BAC-N
Gordon Reid

The only financial that he owns is Goldman Sachs (GS-N). Expecting that over the next year or 18 months, he will have more of an exposure to the money centered banks. Feels that we are likely to see some inflation entering the economy, and for that reason we are likely to see the yield curve steepen, and banks will make money the old traditional way, lending long and borrowing short and lending long.


Price: $15.620
Subject: US EQUITIES
Bias: BULLISH
Owned: No
2014-07-24 WEAK BUY Brookfield Infrastucture Partners
BIP.UN-T
David Burrows

You should see 8-10% total return.  It is not a cheap stock, but you could put it away in the portfolio.


Price: $44.700
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: No
2014-07-24 WEAK BUY Baytex Energy Corp
BTE-T
David Burrows

A core holding for him.  The acquisition they made makes sense.  Thinks it is relatively early days. 


Price: $48.630
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Unknown
2014-07-24 DON'T BUY CitiGroup
C-N
David Burrows

Large cap US banks have been disappointing.  He would prefer Canadian banks, asset management companies, and insurance companies.  Both of the later two should be focused in wealth management.  C-N is having a hard job getting revenue growth going.  There are better places too focus.


Price: $50.090
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Unknown
2014-07-24 BUY Canadian Energy Services & Technology
CEU-T
David Burrows

There is a boom in the production of drilling.  Earnings growth is strong.  Good support at $30.  A lot of energy companies pulled back over the last few weeks and he is not that bothered by it.  You can buy it here as it has pulled back to natural support.


Price: $10.380
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Yes
2014-07-24 TOP PICK CVS Corp.
CVS-N
Gordon Reid

A drugstore and a pharmacy benefit manager combined. The drugstore story is great because of the aging population plus the greater number of insured in the US. A lot of the business that is happening is generic, and the margins are much, much higher. Dividend yield of 1.39%.


Price: $78.890
Subject: US EQUITIES
Bias: BULLISH
Owned: Yes
2014-07-24 TOP PICK Concho Resources
CXO-N
David Burrows

For every dollar in the ground they find 2.3 dollars of oil.  20-30% production growth and 8% reduction in production cost per year.  They have a lot of opportunity going forward.


Price: $147.450
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Yes
2014-07-24 BUY Davis and Henderson
DH-T
David Burrows

US business is growing nicely and outweighs the mortgage business that has not performed as well so he would buy it.


Price: $31.290
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Unknown
2014-07-24 TOP PICK Walt Disney
DIS-N
David Burrows

Media has been a real leader, but pulled back since March and is now moving forward again.  All businesses are firing on all cylinders.  Should grow 20% in each of the next three years.  A leading company in a leading sector.


Price: $86.800
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Yes
2014-07-24 HOLD Walt Disney
DIS-N
Gordon Reid

Has done extremely well, but he sold his holdings at around $75 on a valuation basis. It had topped up over 20X earnings, about 4 multiple points higher than its traditional multiple. A tremendous company, and over a very long period of time, it is going to have its ups and downs.


Price: $86.800
Subject: US EQUITIES
Bias: BULLISH
Owned: No
2014-07-24 PAST TOP PICK Ford Motor
F-N
David Burrows

(Top Pick Jul. 11/13, Up 8.45%) He focused in the last while on parts.  It is a big deal that Ford turned around Europe.  This is a great business with 8-9% margins.   No problem owning the stock.  Consumers have more free cash flow than in over 10 years because interest rates have come down and inflation in food has come down.  Financing is readily available.


Price: $17.840
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Yes
2014-07-24 COMMENT Facebook
FB-Q
Gordon Reid

Just hit a record high. Wasn’t sure that it was going to be the company that would have the staying power to be the next Google (GOOGL-Q), etc. However, it has 1.3 billion users and 1.4 million advertisers. Mobility is just growing in leaps and bounds. Looks very interesting.


Price: $74.980
Subject: US EQUITIES
Bias: BULLISH
Owned: No
2014-07-24 DON'T BUY FedEx
FDX-N
Gordon Reid

United Parcel Service (UPS-N) or FedEx (FDX-N)? Both are doing well from a stock side, better than on a fundamental side. UPS is more of the ground transport play. This is an air play. This has been more proactive in terms of the management of their business and is trying to wring out about $1.6 billion annually by the beginning of 2016. For the time being he would pass on both of these as they are a little too expensive on the multiple and valuation side.


Price: $152.500
Subject: US EQUITIES
Bias: BULLISH
Owned: No
2014-07-24 SELL General Electric
GE-N
David Burrows

He has been disappointed in it.  It is a proxy on industrial America and performed quite badly.  He sold it earlier in the year.  He prefers chemicals.  He would move on to one such as Dow Chemical.


Price: $25.940
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: No
2014-07-24 HOLD CGI Group (A)
GIB.A-T
David Burrows

Service companies have been consolidating over the last little while.  Would prefer to buy it as it traded through $40 heading higher.  He likes software.  They are cash flow generators and have strong dividend increases.  He would not chase it here.


Price: $38.080
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Unknown
2014-07-24 COMMENT Gilead Sciences Inc.
GILD-Q
Gordon Reid

An interesting company. In the biotech area, this gets a lot of press. They have a Hep C drug that is a blockbuster, and is benefiting the company by leaps and bounds. A lot of people are crowding into this trade because of the quickly growing situation. Digging a little deeper, you find the price of their Hep C drug is exorbitant, $1000 a day. Abbvie (ABBV-N) are in the late stage development of a Hep C drug that seems to have the same efficacy, and will be a heck of a lot cheaper. You have to be aware of the risks.


Price: $90.540
Subject: US EQUITIES
Bias: BULLISH
Owned: No
2014-07-24 SELL General Motors Corporation
GM-N
Gordon Reid

If he were to own a car company, he would probably gravitate towards Ford (F-N). The news on General Motors is in the paper every day. They have sort of set the stage for a perpetual high level of recalls because, from a reputation standpoint, the worst thing that could happen is to have another situation like they did with ignition switches.


Price: $35.740
Subject: US EQUITIES
Bias: BULLISH
Owned: No
2014-07-24 PAST TOP PICK Home Depot
HD-N
Gordon Reid

(A Top Pick July 17/13. Up 3.17%.) A little surprised the US housing has been somewhat sluggish and hasn’t gone up to a higher level. Moving in fits and starts. There are still probably half a million new builds shorts of just satisfying the demand. Still a Buy and is good value.


Price: $81.200
Subject: US EQUITIES
Bias: BULLISH
Owned: Yes
2014-07-24 SELL IBM
IBM-N
Gordon Reid

This is a company that has really been challenged on the revenue side for quite a while. Their hardware business is late cycle and their services business has been a little bit lumpy. They have made the most of their cost cutting initiatives, which has really driven the stock for a number of years.


Price: $195.240
Subject: US EQUITIES
Bias: BULLISH
Owned: No
2014-07-24 BUY Keyera Corp
KEY-T
David Burrows

Energy infrastructure is in the middle of a very long revaluation vs. history.  Because of the boom in production, they have had nice growth in cash and dividend.  They will continue to grow it 8-10% a year.  Lots of opportunities to grow.  Will continue to expand in valuation.


Price: $81.960
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Unknown
2014-07-24 STRONG BUY Matador Resources
MTDR-N
David Burrows

They have strong production growth.  New technologies are lowering the cost of production.  They will probably lower their cost of production over the next 5 years.  A great play on growth in production.


Price: $27.780
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Unknown
2014-07-24 PARTIAL SELL Osisko Exploration Ltd.
OSK-T (Dead)
David Burrows

Thinks gold got sold out as a sector and had a good bounce over the few months.  He looks at it as a not a long term shift.  He would not focus on this group.  Don’t add gold holdings but lighten them up.


Price: $8.640
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Unknown
2014-07-24 WAIT Precision Drilling
PD-T
David Burrows

Demand for drilling services is picking up.  Pricing should firm up in the second half.  Pulled back because of weaker activity in the last couple of months.  He would buy as you head into the fall.


Price: $14.750
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Unknown
2014-07-24 WATCH Qualcomm
QCOM-Q
David Burrows

Are having trouble collecting royalties from Asian customers.  But he likes it.  Prefers others.  Probably a short term blip, but it took a hit today.  Watch it over the next couple of days to see if it swings around.


Price: $76.172
Subject: NORTH AMERICAN - LARGE
Bias: BULL
Owned: Unknown
2014-07-24 COMMENT Qualcomm
QCOM-Q
Gordon Reid

There are concerns about trouble collecting Chinese royalties as well as a large antitrust settlement in China. This is not new news, but the gravity of the news is the story. Rather than dealing with one or 2 groups in China resisting paying licensing fees, it is becoming a wider spread problem. This is a concern to him, and he is looking at it very carefully. This company lives on its royalties.


Price: $76.172
Subject: US EQUITIES
Bias: BULLISH
Owned: Yes
2014-07-24 DON'T BUY Starbucks
SBUX-Q
Gordon Reid

Thinks this is overvalued at this time. This is a case of a really great company, but a not so good stock. Stock has been bid up to a point where it represents some risk. At 30X earnings there is a lot of air under the stock price.


Price: $80.450
Subject: US EQUITIES
Bias: BULLISH
Owned: No
2014-07-24 DON'T BUY Staples
SPLS-Q
Gordon Reid

In the midst of a structural shift in the retail sector and you may want to avoid this. With stores closing, they are in a shrinking space.


Price: $11.190
Subject: US EQUITIES
Bias: BULLISH
Owned: No
2014-07-24 BUY Suncor Energy Inc
SU-T
David Burrows

Behaving extremely well. The thesis is that the bottleneck in transportation from Canada to US is starting to break up a little bit.  A great balanced portfolio to own.  A great core holding to own.  You will see $50 again in your lifetime.


Price: $45.440
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Yes
2014-07-24 BUY Toronto Dominion
TD-T
David Burrows

Canadian banks are behaving better than any banks in the world and TD is the best in Canada. This one is very well set up.  So long as they continue to generate the numbers, he would hesitate selling it, thinking it is hitting a peak.  He prefers asset management companies but would hold this bank.


Price: $55.950
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Yes
2014-07-24 PAST TOP PICK The Hanover Insurance Group
THG-N
Gordon Reid

(A Top Pick July 17/13. Up 22.48%.) Their bond portfolio is basically not giving them anything. With higher interest rates, that is going to be an additive to the company. Through the winter, with the storms and everything, their combined ratio climbed a little bit. They were covering their underwriting premiums, and that has not reversed. Thinks this should continue to move higher.


Price: $62.730
Subject: US EQUITIES
Bias: BULLISH
Owned: Yes
2014-07-24 BUY Torc Oil & Gas Ltd
TOG-T
David Burrows

Friendly dividend policy and growing both production and dividend.  You should continue to own.  Buy this as well as WCP-T and CPG-T.


Price: $13.880
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Unknown
2014-07-24 HOLD Time Warner Inc
TWX-N
Gordon Reid

Had an offer from 20th Century Fox, which was rejected. Expects that this was just the initial salvo, and there is much more to follow. At this price, it really doesn’t represent a premium at all. Trading right now at about 18X earnings.


Price: $84.010
Subject: US EQUITIES
Bias: BULLISH
Owned: Yes
2014-07-24 DON'T BUY Domtar Corp.
UFS-T
David Burrows

There are better things to do.  He has almost a zero weight in US housing.  Stocks are not performing.


Price: $41.550
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Unknown
2014-07-24 PAST TOP PICK UnitedHealth Group Inc
UNH-N
David Burrows

(Top Pick Jul. 11/13, Up 27.78%) They raised their guidance going forward.  Have an increasing opportunity to grow the business.  He would focus more on biotech, but the whole sector has been performing well.


Price: $85.680
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: Yes
2014-07-24 DON'T BUY United Parcel Services
UPS-N
Gordon Reid

United Parcel Service (UPS-N) or FedEx (FDX-N)? Both are doing well from a stock side, better than on a fundamental side. This one is more of a ground transport play. FedEx is the air play. FedEx has been more proactive in terms of the management of their business, and are trying to wring out about $1.6 billion annually by the beginning of 2016. For the time being he would pass on both of these as they are a little too expensive on the multiple and valuation side.


Price: $104.090
Subject: US EQUITIES
Bias: BULLISH
Owned: No
2014-07-24 COMMENT United Technologies
UTX-N
Gordon Reid

A good-quality industrial. Well diversified. They own Otis, Carrier, Pratt & Whitney and Goodrich. Just reported earnings, which were quite strong. It is not unusual for a stock like this, after it has moved well, to take a breather. That is not a bad thing.


Price: $108.950
Subject: US EQUITIES
Bias: BULLISH
Owned: Yes
2014-07-24 HOLD Verizon Communications
VZ-N
Gordon Reid

An attractive stock. The catalyst here is the transaction they did with Vodafone. This company is doing some very interesting things and producing a lot of cash. Pays a very nice dividend. Turnover rate of customers is very low. Debt load of over $100 billion is a worry, and if interest rates rise, interest expense is going to become a bigger issue.


Price: $51.050
Subject: US EQUITIES
Bias: BULLISH
Owned: Unknown
2014-07-24 DON'T BUY Yahoo!
YHOO-Q
David Burrows

Does not know the lift that Alibaba will give them.  If it were to come out of this range it will probably have a move higher.  You could probably argue there is a catalyst coming.  He prefers FB-O.


Price: $36.170
Subject: NORTH AMERICAN - LARGE
Bias: BULLISH
Owned: No
2014-07-23 N/A A Comment -- General Comments From an Expert
A Commentary
Fabrice Taylor

Markets. The average return, on the 1st three companies he recommended in his newsletter 3.5 years ago, was about 800%. These were not speculations, but value companies with revenues and profits. It is a lot harder to find them today. He is a bottom-up investor, and it is harder to find things, so he just wants to build cash, and wait for a better opportunity. Cash holdings are probably in the 40%-50% range. There seem to be a lot of earnings misses, and PE multiples seem to be going up. Thinks earnings are going to have to catch up to what the stock market is doing. Feels central banks globally are orchestrating a campaign to keep equity markets healthy and give people confidence. However, there comes a point where valuations have to catch up.


Price: $0.020
Subject: NORTH AMERICAN
Bias: SELECTIVE
Owned: _N/A
2014-07-23 N/A A Comment -- General Comments From an Expert
A Commentary
Fabrice Taylor

Profit taking. Always take profits. It’s really simple. A profit in your pocket is a “real” profit. One that is on paper can be meaningless. You owe it to yourself to take some off the table. The riskier the stock, the more you should take profit.


Price: $0.020
Subject: NORTH AMERICAN
Bias: SELECTIVE
Owned: _N/A
2014-07-23 N/A A Comment -- General Comments From an Expert
A Commentary
Stan Wong

Markets. Expects to see a pickup in global growth in the 2nd half of the year, especially in the US. There are bumps along the way, and that should be favourable to the equity markets continuing to grind higher. Thinks that valuations are a little bit stretched at this point, so we need the earnings and the EPS to pick up a bit. Those positive trends hopefully will continue. So far this season, 1/3 of companies on the S&P 500 have reported, and 76% have been estimated so far. That is good news. Comparing equities to bonds, equities are probably the winner in terms of what is going to happen over the next 12 months. Interest rates should stay low until next year. Some of the geo-political tensions are getting a bit worse, so some of those things should be watched out for. Also, volatility low levels are way lower than what they should be. Well over 25% below long-term averages. He is moving cash up a little bit from 25% to 12%-13% right now, in order to take advantage of any opportunities. He continues to favour the more economically areas, the cyclical stocks whether they be technology, energy or industrials. These are the areas you want to be in right now.


Price: $0.020
Subject: NORTH AMERICAN & ETFs
Bias: OPTIMISTIC
Owned: _N/A
2014-07-23 BUY on WEAKNESS Apple
AAPL-Q
Stan Wong

We are now looking at 1.25X PEG ratio, which is not expensive, but not cheap anymore either. Not sure if you should make a new purchase at this time. He would wait for a pullback.


Price: $97.190
Subject: NORTH AMERICAN & ETFs
Bias: OPTIMISTIC
Owned: Yes
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