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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
2017-03-16 TOP PICK Facebook
FB-Q
Zachary Curry

This is firing on all cylinders. There are a billion users on Facebook and are growing on Instagram and WhatsApp. The average revenue per user grew 30% last year. From a valuation point of view, the growth is far and away north of 30%, and the stock is trading at less than 25X, so you are getting more growth than what you are paying for. (Analysts’ price target is $158.)


Price: $139.990
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2017-03-16 BUY Facebook
FB-Q
Gordon Reid

This has tremendous promise with 1.7 billion active monthly users. If you look at the immense advertising power, it is quite dramatic. Advertising in the digital age is behind the times. We are seeing a lot of money pouring into digital advertising. However, looking at statistics, with about 25%-26% of time spent by us on mobile devices, only 11% of the advertising dollar is aimed at that market. That will catch up, and will be to the benefit of companies like this.


Price: $139.990
Subject: US EQUITIES
Bias: UNKNOWN
Owned: Yes
2017-03-16 COMMENT General Electric
GE-N
Gordon Reid

He does not admire this company’s management, even though the CEO gets almost universal praise for being a great CEO. The numbers don’t support it. The CEO started with the company in 2001, about 15 years ago, and looking at sales revenues per share, they are up only 5%-6% in total. Earnings and cash flow are flat. They’ve had one misstep after another.


Price: $29.750
Subject: US EQUITIES
Bias: UNKNOWN
Owned: No
2017-03-16 COMMENT Alphabet Inc. (A)
GOOGL-Q
Zachary Curry

He likes this, and doesn’t find it terribly expensive in terms of the multiple it is trading at, versus their growth. However, his preference would be Facebook (FB-Q). (See Top Picks.)


Price: $870.000
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2017-03-16 COMMENT Alphabet Inc. (A)
GOOGL-Q
Gordon Reid

Apple (AAPL-Q) or Alphabet (GOOGL-Q)? He owns both, and both are great holdings.


Price: $870.000
Subject: US EQUITIES
Bias: UNKNOWN
Owned: Yes
2017-03-16 WAIT Canada Goose Holdings
GOOS-T
Zachary Curry

The coyote fur controversy hasn’t had much effect on the IPO given that the stock price is up materially today. He doesn’t think it is going to have a very big impact going forward. This has had a great run, so he would be cautious and sit on the sidelines for a while.


Price: $21.530
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2017-03-16 PAST TOP PICK Home Depot
HD-N
Gordon Reid

(A Top Pick Feb 17/16. Up 38%.) Has owned this for many years and it has been a great company for him. It is in the sweet spot of where we are in the economic cycle. Low interest rates, buying new homes, renovating, etc. is what is motivating people to go to this company. One of the best managed companies he has ever covered.


Price: $148.730
Subject: US EQUITIES
Bias: UNKNOWN
Owned: Yes
2017-03-16 HOLD Johnson & Johnson
JNJ-N
Zachary Curry

Hold or sell? With the sectors it is in, consumers, pharmaceuticals and products, it is a bit of a healthcare conglomerate. Given that the demographics are trending in the right direction and drug prices being a little less political than it was, he is constructive on healthcare. If you had to pick one stock as a barometer to all various sectors in healthcare, this would be a good one.


Price: $128.460
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2017-03-16 COMMENT Kelt Exploration
KEL-T
Zachary Curry

He likes this company. Good balance sheet and good management. They’ve improved their balance sheet over the past little while with a couple of asset sales as their areas of focus. The price of gas has come down recently. Solid, long term management team.


Price: $6.150
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2017-03-16 DON'T BUY Coca-Cola Company
KO-N
Gordon Reid

A sort of serial under performer. From a fundamental basis, it hasn’t made much progress at all, on revenues, margins, earnings, cash flow. They are trying to move away from sugary water and to become healthier. Not doing as good a job as Pepsi has done, and it shows. There is so much more opportunity out there to buy good quality companies that are organically growing with great management and reasonably priced.


Price: $42.250
Subject: US EQUITIES
Bias: UNKNOWN
Owned: Unknown
2017-03-16 PAST TOP PICK Lear Corp.
LEA-N
Gordon Reid

(A Top Pick Feb 17/16. Up 40%.) The maker of car seats for tier 1 automakers. They are in 35 countries and are not just captive to the 17.5 million units that are coming out of the US. They also have a feeder system into the 22 million European units, and about 26 million in China and Asia. A very, very strong network globally. Trading at a very modest multiple of less than 10X earnings.


Price: $146.770
Subject: US EQUITIES
Bias: UNKNOWN
Owned: Yes
2017-03-16 COMMENT Morguard Real Estate Inv Trust
MRT.UN-T
Zachary Curry

A very capable management team, which is a huge positive. The action in the REIT space is driven more by interest rates. Expects rates will stay lower in Canada, but yields have been dragged up in the US in the past little while. Every time the REITs go up, the income becomes less valuable, but a good portion of REITs have financed themselves out fairly far. He is positive on this company.


Price: $15.400
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2017-03-16 BUY Spartan Energy Corp
SPE-T
Zachary Curry

He’s constructive on energy. Since the start of the year, the overall energy space in Canada is down about 10%. Smaller/intermediate companies like this are down anywhere from 20% to 25%, so there is a disconnect between the 2. A well-run company and the balance sheet is in great shape. Management has a great deal of experience.


Price: $2.570
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2017-03-16 TOP PICK Stryker Corp.
SYK-N
Zachary Curry

This is known for knees and hips, and they have sold millions of knee replacement implants. They’ve recently started using a robot to replace the body parts, giving greater accuracy and lower costs. With the robot, you can only use their parts, making it a closed system. He doesn’t foresee any changes in the US health care act having an effect on this company and their equipment. Dividend yield of 1.3%. (Analysts’ price target is $132.)


Price: $131.500
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2017-03-16 COMMENT Toronto Dominion
TD-T
Zachary Curry

Bank of America (BAC-N) or Toronto Dominion (TD-T)? He thinks the dip in the stock is a bit overdone, but could persist for a while, so there is time. This bank has US exposure, but there is going to be a bit of negative headline news regarding their sales practices. Canadian banks are not cheap, trading at 2X BV, compared to US banks at about 1.5X. Prefers J.P. Morgan (JPM-N), which is a bit more tilted to the investment banking side, and would see a bit more participation in the deregulation that he feels is coming. There is room for the Cdn$ to come down further.


Price: $66.320
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2017-03-16 COMMENT Teck Resources Ltd. (B)
TECK.B-T
Zachary Curry

A violently cyclical company. The biggest positive is the zinc market, which is undersupplied. Exposure to coal is their main driver. There has been volatility in coal prices. The underlying economic growth should benefit the commodity cycle as a whole. Their Fort Hills exposure will be able to be funded from cash flow, which is positive. Be prepared for cyclicality. There has been a huge drive in the stock, mostly last year, so a lot of the value is in the name.


Price: $28.840
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2017-03-16 DON'T BUY Tesla Motors Inc
TSLA-Q
Gordon Reid

A wonderful car, but wouldn’t touch the stock. When you look at the business plan of Mr. Musk, he is basically producing something that every other car company in the world is either coming out with the product or has a product that is a year or 2 away. There is going to be tremendous competition in terms of electric cars, over the next 2-4 years. The stock is so highly valued that if you put it in context of cars produced, it has a market capitalization of $220,000 per car produced. GM has a market capitalization of $4300 per car produced.


Price: $262.050
Subject: US EQUITIES
Bias: UNKNOWN
Owned: No
2017-03-16 COMMENT United Technologies
UTX-N
Gordon Reid

Had owned this in the past and sold it about 3 years ago. It really wasn’t performing all that well, especially against its peer group. Thinks it is a better company today, and he gives management credit for that. There is a new CEO on board since he exited, and has done a fairly good job. They got rid of their Sikorsky helicopter business. The Goodrich acquisition has been fully integrated. They have a few headwinds. Their Carrier and Otis Elevator operations have some headwinds out of China. This is not a terrible choice.


Price: $112.340
Subject: US EQUITIES
Bias: UNKNOWN
Owned: No
2017-03-16 DON'T BUY Valeant Pharmaceuticals
VRX-T
Zachary Curry

He would be negative on this. It is a company with a business model of increasing drug prices, by materially high amounts. This has bitten off a lot of debt in order to go on their acquisition binges. If interest rates rise and they need to get financing, it is going to be extremely difficult.


Price: $15.030
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2017-03-16 TOP PICK Washington Federal
WAFD-Q
Gordon Reid

A regional bank in 8 states with 240 branches. They almost doubled their size a number of years ago when they bought a group of Bank of America’s (BAC-N) branches. Regional banks are going to benefit dramatically from easing of regulations. Regulation has been a really big, big problem for financial institutions. The big banks get all the air time, but the small banks, on the basis of dollars spent, are spending a ton of money trying to satisfy compliance and regulatory requirements, and a lot of that is going to go away. That will go straight to the bottom line. Also, loan growth will be a lot healthier in an improving economy and an increasingly steep yield curve, which will increase net interest margins, allowing them to make money on the interest spread. Dividend yield of 1.8%. (Analysts’ price target is $34.)


Price: $32.950
Subject: US EQUITIES
Bias: UNKNOWN
Owned: Yes
2017-03-16 COMMENT Westjet Airlines
WJA-T
Zachary Curry

There is a fair bit of positive news on airlines, including low fuel prices and low interest rates. There is also a positive pick up in economic growth. Times are working in their favour in terms of economic growth, energy prices and interest rates. You have to be really careful for when and if those change.


Price: $22.380
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: No
2017-03-15 N/A A Comment -- General Comments From an Expert
A Commentary
Stephen Groff

Market. He has had to go far and wide to find decent equities. He has had analysts in China, Japan, the UK, throughout the US, all in the past month. Today it is tougher to find value. Valuations are fairly full. He is finding more value in the UK now than he has pre-BREXIT.


Price: $0.020
Subject: NORTH AMERICAN DIVIDENDS
Bias: UNKNOWN
Owned: _N/A
2017-03-15 N/A A Comment -- General Comments From an Expert
A Commentary
Don Vialoux

Market. The US Fed just increased interest rates by 25 basis points, but no one expected only 2 more rate hikes so the market rallied. The big thing was in currencies. The US$ Index went down about 1% and the Cdn$ went up about 1%. That had a huge impact on commodity prices. The big surprise was that the strongest, based on ETF transactions, was not in North America, but outside in things like emerging markets, up about 2.5%. The key is to think outside of the box (North America), and you can do very well.

Canada. Technically the TSE composite broke a fairly important support level yesterday, 15,396. This is important, because the TSE composite completed a head and shoulders pattern yesterday. That is not good for Canadian markets going forward.

U.S. In the Dow, markets normally do okay until the new president comes out with his State of the Union address, around the end of February. Markets have a history of moving slightly lower in the next few months, because usually new presidents are trying to form new cabinets which takes time. After that, markets move higher. The key is to be patient for the next couple of months. You aren’t probably going to make much money in either the Canadian or US markets until after that.

European markets are outperforming both the US and Canadian equity markets despite all the European elections going on. Even better than that, are the emerging markets. They have the dynamic economies right now. That is where the real action is going to be over the next few months.


Price: $0.020
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: CAUTIOUS
Owned: _N/A
2017-03-15 N/A A Comment -- General Comments From an Expert
A Commentary
Don Vialoux

Cdn$. This has very strong seasonality. Historically, from around the middle of March, it normally reaches a very important low, and moves higher through until the middle of May of each year. It has a lot to do with US activity generating more demand for Canadian commodities.


Price: $0.020
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: CAUTIOUS
Owned: _N/A
2017-03-15 N/A A Comment -- General Comments From an Expert
A Commentary
Don Vialoux

Energy. Oil had a big jump today because of better than expected inventory data. The other component, of course, is the weaker US$. Historically, crude oil’s seasonality is positive this time of year. It has a lot to do with growing economic activity coming in the spring time. There is good reason to believe that it will be even stronger than average this year. This has a lot to do with the weather. He is expecting greater demand for crude oil and for natural gas.


Price: $0.020
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: CAUTIOUS
Owned: _N/A
2017-03-15 WATCH A Comment -- General Comments From an Expert
A Commentary
Don Vialoux

Gold. Historically, gold and gold stocks have a history of 2 periods of seasonal strength. The most recent has been from the middle of December right through until the 3rd week of February. It then has a history of moving lower. The other period of seasonal strength is from July through until October. We’ve now passed the period of seasonal strength. If you own gold, you want to use the strength meter that we are probably going to see in the next few days as an opportunity to lighten up.


Price: $0.020
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: CAUTIOUS
Owned: Unknown
2017-03-15 BUY A Comment -- General Comments From an Expert
A Commentary
Don Vialoux

Banks? These have sold off in the last week or so, and is providing a buying opportunity. On a seasonal basis, the banks normally do very well from about the middle of March through to the end of April or the beginning of May. This is the time when people are buying new cars, fixing up houses, spending a lot of money. The recent weakness in the banks is providing a buying opportunity for a nice seasonal trade, at least until around the end of April or beginning of May.


Price: $0.020
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: CAUTIOUS
Owned: Unknown
2017-03-15 PAST TOP PICK Allison Transmission Holdings
ALSN-N
Stephen Groff

(A Top Pick April 20/16. Up 34%.) This tends to specialize on medium/heavy duty size automatic transmissions that go into things like school buses, refuse trucks, etc. This is a cash flow machine. It was very cheap a year ago and is still attractive, but not inexpensive. Still a great company.


Price: $36.520
Subject: NORTH AMERICAN DIVIDENDS
Bias: UNKNOWN
Owned: Yes
2017-03-15 BUY Brookfield Asset Management (A)
BAM.A-T
Don Vialoux

This is a good choice because historically, on a seasonal basis, it goes right through until the middle of May each year. We are currently in the period of seasonal strength. Chart shows that it has recently started moving on the upside and broke above its previous highs, and is currently outperforming the market.


Price: $49.020
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: CAUTIOUS
Owned: Unknown
2017-03-15 COMMENT BCE Inc.
BCE-T
Stephen Groff

He would value this on a free cash flow basis, looking 1-2 years out. It has come off a little and free cash flow yield has gotten a little better. Management has done a great job. However, top line growth is only at about 1%. They have to spend a lot of money to continue to work on the network to stay competitive. Dividend yield of about 5%.


Price: $57.570
Subject: NORTH AMERICAN DIVIDENDS
Bias: UNKNOWN
Owned: No
2017-03-15 PAST TOP PICK Brookfield Infrastucture Partners
BIP.UN-T
Stephen Groff

(A Top Pick April 20/16. Up 45%.) He still likes this and still believes in the strategy and owns a good amount of it.


Price: $48.660
Subject: NORTH AMERICAN DIVIDENDS
Bias: UNKNOWN
Owned: Yes
2017-03-15 WATCH Birchcliff Energy Ltd.
BIR-T
Don Vialoux

A gassy stock and has very strong seasonality, historically from around the last week in January right through until approximately the middle of May. However, it is not happening this year, so wait until the technicals confirm that seasonal trends are actually occurring. This is still in a downward trend.


Price: $6.870
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: CAUTIOUS
Owned: Unknown
2017-03-15 COMMENT Bank of Montreal
BMO-T
Stephen Groff

Bank of Montréal (BMO-T) or Manulife (MFC-T)? Doesn’t own either, and prefers some US banks, although many of them are no longer as attractive and he has had to reposition.


Price: $101.240
Subject: NORTH AMERICAN DIVIDENDS
Bias: UNKNOWN
Owned: No
2017-03-15 COMMENT Canam Group Inc.
CAM-T
Stephen Groff

Structural steel. A very cyclical, and highly asset intensive in terms of what is needed in working capital. Make sure they have the balance sheet needed, because it is cyclical. A competitive business. They often have contracts that can either make them or break them.


Price: $5.980
Subject: NORTH AMERICAN DIVIDENDS
Bias: UNKNOWN
Owned: No
2017-03-15 BUY Cara Operations Ltd.
CARA-T
Stephen Groff

This has been a very interesting turnaround. They’ve done a great transition on costs, and have become better on marketing. There are some short-term challenges in terms of the economic environment, primarily in the West. It is very much a franchise model they are shifting towards that with many other banners. Generates solid cash flow. Not the cheapest stock, but you have to give management credit with what they have done. Reasonable value for what you are getting. Dividend yield of 1.5%.


Price: $26.450
Subject: NORTH AMERICAN DIVIDENDS
Bias: UNKNOWN
Owned: Yes
2017-03-15 TOP PICK CASH
CASH
Stephen Groff

He will always hold cash if he has a tough time finding value. His cash values are elevated today, and it is not uncommon for him to be north of 20% cash. When he finds opportunities, he will invest the money. Right now, stocks are not cheap and there is risk.


Price: $0.010
Subject: NORTH AMERICAN DIVIDENDS
Bias: UNKNOWN
Owned: Yes
2017-03-15 PAST TOP PICK CASH
CASH
Don Vialoux

(A Top Pick Jan 20/17.) This was kind of a chicken recommendation which worked out quite well. Both the Canadian and US equity markets are looking a little rocky over the next 2 months. You want to be cautious over the next 2 months.


Price: $0.010
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: CAUTIOUS
Owned: Yes
2017-03-15 TOP PICK CASH
CASH
Don Vialoux

He is very conservative on what can happen to equity markets over the next few months. Yesterday we had the TSE Composite complete a head and shoulders pattern. The downside technical target on that pattern is 14,850. It’s not a huge amount, but it is about a 3.5% drop that you can expect to see in the Canadian equity market over the next few months.


Price: $0.010
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: CAUTIOUS
Owned: Yes
2017-03-15 HOLD Carnival Corp.
CCL-N
Don Vialoux

Cruise ships have a tendency to do very well in the latter part of the year and into the spring. Chart shows a long-term upward trend from 2014 and it just recently broke to new highs. This is outperforming the market, and we are still in a period of seasonal strength. When owning a stock, you want technicals showing an upward trend and positive strength relative to the S&P 500, with positive seasonality as the extra positive. If you own, continue holding until April.


Price: $57.370
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: CAUTIOUS
Owned: Unknown
2017-03-15 COMMENT CCL Industries (B)
CCL.B-T
Stephen Groff

An outstanding CEO who has created an enormous amount of value. Their core business of labels is outstanding. They generated outstanding returns. Keep in mind that some parts are cyclical and some parts are declining. It is really the core that matters. Over time they will be able to continue to improve margins across segments, and have healthy organic growth. Dividend yield of 0.8%.


Price: $299.350
Subject: NORTH AMERICAN DIVIDENDS
Bias: UNKNOWN
Owned: Yes
2017-03-15 HOLD CCL Industries (B)
CCL.B-T
Don Vialoux

This has a history of moving higher, normally from around November of each year through until April. Technically, the stock is in an upward trend and is outperforming the market.


Price: $299.350
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: CAUTIOUS
Owned: Unknown
2017-03-15 COMMENT Chorus Aviation Inc
CHR-T
Stephen Groff

Hasn’t spent as much time looking at this, but there is a peer in Canada he would highlight, Cargojet (CJT-T). It’s a little different in that it is centred around cargo rather than people.


Price: $7.330
Subject: NORTH AMERICAN DIVIDENDS
Bias: UNKNOWN
Owned: Unknown
2017-03-15 COMMENT Cargojet Inc
CJT-T
Stephen Groff

A very well-run company and very dominant, because they basically have a lock on the Canadian market for time sensitive airfreight. They’ve been able to get more and more contracts, build on the network affect and reinvest in better capacity. Not as cheap as it was, but generates a healthy amount of cash flow, particularly as they get past the final plane refreshes. Dividend yield of 1.6%, which will grow.


Price: $44.030
Subject: NORTH AMERICAN DIVIDENDS
Bias: UNKNOWN
Owned: Unknown
2017-03-15 COMMENT Canadian Imperial Bank of Commerce
CM-T
Stephen Groff

Doesn’t own any Canadian bank. Every stock he owns has to be attractive on an absolute basis. If there were incredibly low values on the banks, he would be interested. Looking at them today, he does not think their price is at a point where he has a positive enough risk/return skew.


Price: $117.900
Subject: NORTH AMERICAN DIVIDENDS
Bias: UNKNOWN
Owned: No
2017-03-15 COMMENT Costco Wholesale
COST-Q
Stephen Groff

An outstanding business model. It is e-commerce resilient. The unit economics are very, very strong. A very durable moat type business. They make a ton of money on membership fees, and are about to increase them in July, which will be a nice earnings tailwind. However, it always comes back to what you want to pay for it. He is waiting for a better entry point. Dividend yield of about 1.1%.


Price: $166.540
Subject: NORTH AMERICAN DIVIDENDS
Bias: UNKNOWN
Owned: No
2017-03-15 TOP PICK iShares MSCI Emerging Markets Index
EEM-N
Don Vialoux

(This is in US$, but is also available in Cnd$ through ZEM-T, FDE-T and SHZ-T, which also offers a nice dividend yield.) Technically, the chart shows a nice upward trend, and today, after 2 PM we had a break out to a new high. The growth is coming from India, China, South Korea, Brazil, Taiwan. Seasonally, this runs from the middle of January right through to approximately the end of April.


Price: $39.320
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: CAUTIOUS
Owned: No
2017-03-15 WAIT Extendicare Inc
EXE-T
Don Vialoux

This is more of a defensive stock, and its period of seasonal strength tends to be more in the summertime. You want to be an owner of this as you get close to June of each year right through until approximately September.


Price: $10.560
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: CAUTIOUS
Owned: Unknown
2017-03-15 COMMENT Ivanhoe Mines
IVN-T
Don Vialoux

This has very strong periods of seasonal strength from about October through until usually April. The chart shows it is currently trying to form support at around $2.80. There is still a period of strength going forward, so there is an opportunity to continue owning this. There is a good chance of this taking a shot at its previous high. If it gets to that level, that would be the opportunity to take profits.


Price: $4.260
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: CAUTIOUS
Owned: Unknown
2017-03-15 COMMENT Kinross Gold
K-T
Don Vialoux

A classic example of a gold stock. This has very strong seasonality during the early part of the 2 cycles for gold. Historically that is from the middle of December through until around the 3rd week in February. We are now outside of the period of seasonality until we get to the period of seasonal strength, around the 2nd week of July.


Price: $4.640
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: CAUTIOUS
Owned: Unknown
2017-03-15 COMMENT Coca-Cola Company
KO-N
Don Vialoux

This typically does very well in the summer. Currently it is in a trading range. You want to watch this trading range, and if it starts to move above the range, it could be an interesting seasonal trade in about June right through until September or October.


Price: $42.120
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: CAUTIOUS
Owned: Unknown
2017-03-15 WAIT Loblaw Companies Ltd
L-T
Don Vialoux

Historically this has been a summer stock. Normally it starts to do well at approximately the middle of June right through until the end of September. It’s in a trading range right now and not doing much of anything. If you see this moving above its trading range by the middle of June, that is going to be the set up for the next seasonal trade, which will take you into September. Dividend yield of 1.5%.


Price: $71.360
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: CAUTIOUS
Owned: Unknown
2017-03-15 COMMENT Manulife Financial
MFC-T
Stephen Groff

Bank of Montréal (BMO-T) or Manulife (MFC-T)? Doesn’t own either, and prefers some US banks, although many of them are no longer as attractive and he has had to reposition.


Price: $24.490
Subject: NORTH AMERICAN DIVIDENDS
Bias: UNKNOWN
Owned: No
2017-03-15 COMMENT Morguard North American REIT
MRG.UN-T
Stephen Groff

A vehicle for holding more stable properties. More of a yield play than Morguard Corp. He owns both. Over the long-term, Morguard Corp is the more attractive, because it is where fees accrue to, and also retains more capital instead of paying the bigger dividend. Because the shares of Morguard Corp trade at a meaningful discount to its fair value, they continue to buy back stock from time to time, which further accretes value per share.


Price: $14.360
Subject: NORTH AMERICAN DIVIDENDS
Bias: UNKNOWN
Owned: Yes
2017-03-15 TOP PICK Metro Inc (A)
MRU-T
Stephen Groff

Looking out over 20 years, this has been one of the best performing stocks out there. Has a lot of respect for management. They are excellent at allocating capital and at operations. Shares have pulled back recently because of inflationary concerns, but when he looks at this over the long-term, nothing has changed. Although there is a bit of inflation now and a little bit of competitive intensity in a weak economy, they have dealt with this before and will deal with it again. The multiple has pulled back to what he thinks is a fair number for long-term holders. Dividend yield of 1.6%. (Analysts’ price target is $45.50.)


Price: $40.570
Subject: NORTH AMERICAN DIVIDENDS
Bias: UNKNOWN
Owned: Yes
2017-03-15 TOP PICK Metro Inc (A)
MRU-T
Don Vialoux

This is his trade to hide somewhere in Canada. The chart shows this is in a long-term upward trend from 2014. In the last few days, the chart shows it has formed a gorgeous double bottom pattern, and is finally showing signs of improvement. It has already outperformed the Canadian market. It also does well in the summer, as defensive stocks do much better at that time. Seasonally, this does well from around now through to the middle of July. (Analysts’ price target is $45.50.)


Price: $40.570
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: CAUTIOUS
Owned: No
2017-03-15 COMMENT New Flyer Industries Inc.
NFI-T
Stephen Groff

What they’ve accomplished is fairly impressive in terms of improving operations. Did a recent deal which makes a lot of strategic and financial sense. The stock has had a healthy run.


Price: $43.830
Subject: NORTH AMERICAN DIVIDENDS
Bias: UNKNOWN
Owned: No
2017-03-15 WAIT Precision Drilling
PD-T
Don Vialoux

Historically this has very strong seasonality from around the end of January through to the beginning of May. This year it is not there. There is still time for this seasonal trade, so far there is no indication that the stock has even tried to bottom. It is still in a downward trend. Be patient. There still could be time to do a seasonal trade, but you are starting to run out of time.


Price: $6.290
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: CAUTIOUS
Owned: Unknown
2017-03-15 COMMENT Potash Corp of Saskatchewan
POT-T
Don Vialoux

Historically, fertilizer stocks have a period of seasonal strength from around October, through to the end of the year. He is not expecting to see much movement to the upside at this time of year. There has been some good news in the last couple of weeks, where it looks like European competition is becoming less competitive, which will be a positive for this company and fertilizer stocks in general. There are better opportunities elsewhere.


Price: $22.990
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: CAUTIOUS
Owned: Unknown
2017-03-15 HOLD Pembina Pipeline Corp
PPL-T
Don Vialoux

Technically this looks very interesting. The trend is still on the upside, and it recently just broke above a trading range. It looks like the stock is outperforming the TSX composite which is positive. Looks like a good trade right through until spring.


Price: $43.000
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: CAUTIOUS
Owned: Unknown
2017-03-15 PAST TOP PICK ETFS Physical Platinum Shares
PPLT-N
Don Vialoux

(A Top Pick Jan 20/17. Down 3%.) The intention here is to own platinum right through until the end of April. This is because platinum is used in catalytic converters. Coming into the car season, there is greater demand expected for platinum. If you own, what do you do now? The answer is, stick with it and buy some more. The interest in the auto industry and catalytic converters is growing.


Price: $91.451
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: CAUTIOUS
Owned: No
Showing 241 to 300 of 162,728 entries
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