Stockchase Daily News RSS The Days Comments by Experts http://www.stockchase.com/ en A Comment -- General Comments From an Expert <p><span style="color: #ff0000;"><strong>Markets.&nbsp;</strong></span> We have only so much patience.&nbsp; The market broke the 2000 highs in the beginning of 2013 and has chipped itself sideways since then.&nbsp; Every 3 years we get a really big decline.&nbsp; Despite the fact we are near highs, the S&amp;P short interest is at all time highs.&nbsp; There is tremendous bearishness yet he sees from his models that we have healthy markets.&nbsp; He thinks there are a lot of people on the wrong foot on this market.&nbsp; This is a great contrarian indicator. After a 2/3<sup>rd</sup> decline in energy we are likely to have a 50% upside.&nbsp;</p> http://www.stockchase.com/opinions/view/159201 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159201 Cineplex Inc <p>They have done a great job of executing.&nbsp; It has been a good year with Star Wars.&nbsp; It might be a tougher year next year.&nbsp; They recently made a new high, but looks like it is ready to lift.&nbsp; He would have no problem owning it.&nbsp; This one is attractive from a yield (3.1%) point of view.</p> http://www.stockchase.com/opinions/view/159202 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159202 Magna Int'l. (A) <p>They are dependent on sentiment around the auto cycle, which some think is running out of gas.&nbsp; He thinks it is a mid-cycle slow down.&nbsp; He thinks recession is unlikely and that Europe will pick up.</p> http://www.stockchase.com/opinions/view/159203 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159203 Canadian Western Bank <p>His macro view is that structurally energy could be tough for a longtime.&nbsp; He does not like something that is broken and that you hope is fine.&nbsp; He prefers outside of Western Canada.</p> http://www.stockchase.com/opinions/view/159204 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159204 Medtronic Inc <p>Cardiac implants, spinal implants and diabetes devices.&nbsp; A play on the secular theme of spending on healthcare.&nbsp; They are all about scale.&nbsp; It is fundamentally very attractive.&nbsp; They have a dominant role and can save the system money with their implants.</p> http://www.stockchase.com/opinions/view/159205 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159205 Honeywell International <p>We are in a connective world.&nbsp; They are big in auto and heating efficiency.&nbsp; Everything is connected.&nbsp; Sensors and connective devices.&nbsp; They grew free cash flow.&nbsp; 13% annual dividend growth.&nbsp; It is not an expensive stock.&nbsp; They are the market share leader in every market they are in.&nbsp; 16 times earnings.&nbsp; He likes industrials and connected devices along with dividend growth.</p> http://www.stockchase.com/opinions/view/159206 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159206 Blackrock Inc. <p>Investment management company, absolute leader in ETFs.&nbsp; Money is moving its way toward ETFs.&nbsp; Money has been leaving equities this year, but they are seeing net capital inflows.&nbsp; Their margins are expanding.&nbsp; 17 times earnings.</p> http://www.stockchase.com/opinions/view/159207 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159207 Shire PLC <p>(Market Call Minute) He likes pharma and the more North American focus.&nbsp; Prefers JNJ-N but is okay with this one.</p> http://www.stockchase.com/opinions/view/159208 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159208 New Flyer Industries Inc. <p>(Market Call Minute) It is on a tear.&nbsp; Behaving well.&nbsp; Weak Canadian dollar continues to help them.</p> http://www.stockchase.com/opinions/view/159209 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159209 Norbord Inc <p>(Market Call Minute) He likes the housing cycle and it is hard not to like this one.</p> http://www.stockchase.com/opinions/view/159210 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159210 Walt Disney <p>(Market Call Minute) The one concern is the loss of subscribers at ESPN.&nbsp; They are firing on all cylinders, however.&nbsp; The consumer discretionary group should start to lift here.</p> http://www.stockchase.com/opinions/view/159211 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159211 CCL Industries (B) <p>(Market Call Minute) Will continue to be attractive.&nbsp; They have been great at executing.</p> http://www.stockchase.com/opinions/view/159212 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159212 Wells Fargo <p>You have to remember that stocks spend a lot of time doing nothing.&nbsp; WFC-N are dominant in the mortgage market and will benefit as the housing market does.&nbsp; Financials were underperforming until about 6 weeks ago.&nbsp; We are seeing signs of domestic improvement in the US.&nbsp; Be patient.</p> http://www.stockchase.com/opinions/view/159213 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159213 Altagas Ltd <p>Dividend growth is not what it was over the last few years.&nbsp; You are buying it as a bond proxy, rather than a dividend growth stock going forward.&nbsp; The dividend is okay, but there are better names in the utilities.&nbsp; H-T, for example.</p> http://www.stockchase.com/opinions/view/159214 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159214 Keyera Corp <p>Don&rsquo;t buy the laggards.&nbsp; It is going to be okay, like a bond proxy.&nbsp; It is not likely to go back to the highs any time soon.&nbsp; Slower dividend growth.&nbsp; Does not expect it to be a strong performer.&nbsp;</p> http://www.stockchase.com/opinions/view/159215 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159215 Facebook <p>Internet media is one of the key themes.&nbsp; This one looks very, very attractive.&nbsp; They are doing a great job in mobile and on the desktop as well as in video.&nbsp; They are growing users monthly.&nbsp; Payments are going to be bigger, only about 5% now.&nbsp; PNQI-Q includes a basket of these companies, also.&nbsp; You should have exposure to this theme.</p> http://www.stockchase.com/opinions/view/159216 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159216 Cisco <p>They are at the heart of data transfer.&nbsp; They are an absolute leader in the group.&nbsp; Margins are rising and they are increasing their percentage of services.&nbsp; As video picks up in use over the web they are part of the infrastructure.&nbsp; The stock just broke out to new highs.&nbsp; It is not expensive &ndash; 11 times earnings.&nbsp; They are committed to returning 50% of free cash flow to investors.&nbsp; 19% per year dividend increases.</p> http://www.stockchase.com/opinions/view/159217 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159217 Skyworks Solutions Inc. <p>It has not performed well over the last while.&nbsp; He prefers a company line NVDA-Q where they are in the middle of graphics on the internet.&nbsp; It is higher margin product that SWKS-Q.&nbsp;</p> http://www.stockchase.com/opinions/view/159218 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159218 Alerian MLP ETF <p>Energy infrastructure and pipelines.&nbsp; They wrap up tax reporting into a single figure.&nbsp; That is the attraction.&nbsp; You are less likely to see volume growth with oil where it is.&nbsp; This is going to be an income name only, no growth.</p> http://www.stockchase.com/opinions/view/159219 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159219 Manulife Financial <p><span style="color: #ff0000;"><strong>(Top Pick Jun 4/15, Down 13.63%)</strong> </span>He got out due to a stop loss.&nbsp; The insurance group is showing strength but he would prefer SLF-T.</p> http://www.stockchase.com/opinions/view/159220 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159220 CitiGroup <p><span style="color: #ff0000;"><strong>(Top Pick Jun 4/15, Down 14.58%)</strong> </span>Got stopped out and got out of financials last year.&nbsp; This group looks quite attractive right now.&nbsp; This one gives you global exposure.</p> http://www.stockchase.com/opinions/view/159221 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159221 FedEx <p><span style="color: #ff0000;"><strong>(Top Pick Jun 4/15, Down 7.39%)</strong> </span>They started the correction last spring.&nbsp; They bottomed at $120 last February and are now at $160.&nbsp; He would have no problem owning it right now.</p> http://www.stockchase.com/opinions/view/159222 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159222 Bank of Nova Scotia <p><span style="color: #ff0000;"><strong>BNS-T vs. NA-T.&nbsp;</strong></span> Totally different.&nbsp; BNS-T is a global bank leaning toward the Caribbean.&nbsp; NA-T is not the same thing.&nbsp; This environment is constructive for developed markets with energy prices staying stable.&nbsp; He prefers more North American exposure so chooses NA-T.&nbsp; He would prefer RY-T to either of these.</p> http://www.stockchase.com/opinions/view/159223 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159223 National Bank of Canada <p><span style="color: #ff0000;"><strong>BNS-T vs. NA-T.&nbsp;</strong></span> Totally different.&nbsp; BNS-T is a global bank leaning toward the Caribbean.&nbsp; NA-T is not the same thing.&nbsp; This environment is constructive for developed markets with energy prices staying stable.&nbsp; He prefers more North American exposure so chooses NA-T.&nbsp; He would prefer RY-T to either of these.</p> http://www.stockchase.com/opinions/view/159224 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159224 Royal Bank <p>He is bullish on financials.&nbsp; This one is coming back into a leadership role.&nbsp; A nudge in rates would be very positive for them.&nbsp; Their exposure to capital markets puts them into a good position if markets slowly improve.&nbsp; Consider US banks also, such as JPM-N.</p> http://www.stockchase.com/opinions/view/159225 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159225 Brookfield Renewable Energy <p>It is a good long term energy investment.&nbsp;</p> http://www.stockchase.com/opinions/view/159226 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159226 iPATH S&P 500 VIX Short-Term <p>The VIX is at a 52 week low.&nbsp; When the market pulled back, volatility did not move.&nbsp; It is counter to the herd mentality that there are big problems in the markets.&nbsp; He has been short the VIX.&nbsp; There are no signs in the market that there are any systemic problems.</p> http://www.stockchase.com/opinions/view/159227 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159227 Fortis Inc. <p>Income replacement is a key theme in this market.&nbsp; FTS-T is a wonderful company that has raised its dividend forever.&nbsp; There is no sign of it stopping.&nbsp; This is not going to be a rocket ship if the market works its way higher.&nbsp; It will have significantly lower volatility.&nbsp;</p> http://www.stockchase.com/opinions/view/159228 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159228 A&W Revenue Royalties Income Fund <p>His only negative is that it trades modestly enough that it is hard for him to buy a big position. This has great growth. They really made a statement when they changed the meat they were using, along with a good ad campaign.</p> http://www.stockchase.com/opinions/view/159229 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159229 Boston Pizza Royalties <p>This is a pretty good entry point. If you can be patient, pick away at it through the summer, which might be a good way to accumulate a position.</p> http://www.stockchase.com/opinions/view/159230 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159230 Power Financial Corp <p>A very solid company and very well-run. There may be some issues on greater transparency around fees, but that is going to hit all mutual funds. Investors may be less affected because this is primarily a savings organization.</p> http://www.stockchase.com/opinions/view/159231 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159231 A Comment -- General Comments From an Expert <p><span style="color: #ff0000;"><strong>Dividends and capital growth for the top 5 Canadian banks going forward?</strong></span> Historically Canadian banks have been one of the best performing asset classes of all time. There has been some concern that perhaps with lower interest rates and defaults in the oil patch, they might be a worse investment. Bank of Montr&eacute;al (BMO-T) came out with pretty good earnings today and raised their dividend by 2%. Feels the banks are very, very solid. Not sure he would be buying at this time, but would continue holding them.</p> http://www.stockchase.com/opinions/view/159232 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159232 Open Text <p>Recently added this to his model portfolio. Shifted some weight from some of the US tech stocks back to Canada.</p> http://www.stockchase.com/opinions/view/159233 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159233 Loblaw Companies Ltd <p>He went into this in the last year, defensively thinking that people still had to eat, even if it were a little rocky. Also, saw some price inflation in food coming with the currency movement. Well-managed. Have shown themselves to be adaptable to healthier food trends.</p> http://www.stockchase.com/opinions/view/159234 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159234 Valeant Pharmaceuticals <p>The great thing about this stock is that it has lots of volatility. If you have the stomach for Shorting it, he doesn&rsquo;t think that there will be events for any steady happy ending for this company. The US political class have decided they need a poster child for bad behaviour in the drug business. Drug prices are high and new drugs are coming on the market at very high prices.</p> http://www.stockchase.com/opinions/view/159235 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159235 Cineplex Inc <p><span style="color: #ff0000;"><strong>(A Top Pick July 16/15. Up 9.57%.)</strong></span> His largest position across all his portfolios. Still a Buy. Thinks they are going to have a series of their best years ever. In about 3 years, their CapX falls off, and then the dividend will really go up. Growth is coming from their ability to put people into more expensive seats.</p> http://www.stockchase.com/opinions/view/159236 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159236 IMAX Corp. <p><span style="color: #ff0000;"><strong>(A Top Pick July 16/15. Down 13.29%.)</strong></span> He loves this. Fundamentals are outstanding. Building theatres at a great pace in China and have a huge amount of buildout ahead of them. Sold their original theatres. They are joint venturing in China and taking 20% of the top side revenue. All the big movies that are opening in China and North America are benefiting this company&rsquo;s top and bottom lines.</p> http://www.stockchase.com/opinions/view/159237 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159237 JP Morgan Chase & Co <p><span style="color: #ff0000;"><strong>(A Top Pick July 16/15. Down 3.76%.)</strong></span> Still likes this and still thinks the US economy is recovering. It will be fine.</p> http://www.stockchase.com/opinions/view/159238 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159238 Chemtrade Logisitics Inc. <p>Likes this and the dividend, which he thinks is sustainable. Feels it is gaining some good ground back, so he stuck with it and will continue to hold it. A good, steady dividend payer and a well-run company.</p> http://www.stockchase.com/opinions/view/159239 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159239 Tree Island Steel <p>Has watched this company for several years and kicks himself for not buying it. Debating whether to put it into his small business fund, but worries if it has run up too far. Enormously well-run. 2.25% dividend.</p> http://www.stockchase.com/opinions/view/159240 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159240 MTY Food Group <p>This had an enormous jump up today. They were doing a game changing acquisition. He trimmed part of his position today. His view is to trim it, and if it comes off and buy it back.</p> http://www.stockchase.com/opinions/view/159241 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159241 A Comment -- General Comments From an Expert <p><span style="color: #ff0000;"><strong>Lithium?</strong> </span>He wasn&rsquo;t courageous enough to plunge into the lithium bubble. This is the new poster child for a commodity that is going to be in batteries. If Tesla builds all those cars that they have taken deposits on, and if lithium turns out to be the magic battery component, then there may be growth in lithium. The problem is the same as when you have a gold or copper bubble, literally dozens or hundreds of firms materialize and you don&rsquo;t know which ones actually own lithium or just have an idea of it. If you own some and you have had a good run, at least take your original investment off the table.</p> http://www.stockchase.com/opinions/view/159242 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159242 EnerCare Inc <p>Rents water heaters, water tanks. Has had a good run. A well-run business. They are making acquisitions. A nice and steady business. Dividend yield of 5.6%.</p> http://www.stockchase.com/opinions/view/159243 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159243 DH Corporation <p>About a year ago, it got really pounded. All the Canadian companies that were doing acquisitions in the US came under a kind of cloud. The 2<sup>nd</sup> hit was when the tech sector in the US came under a cloud, and everything that was in that sector got sideswiped. Thinks this company will recover. They have transformed a very old cheque printing business into a very strong technology business, where they do the back office technology for some of the 9000 banks in the US. There is lots of potential for growth, and at some point one of the big system integrators will decide to make this an acquisition.</p> http://www.stockchase.com/opinions/view/159244 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159244 BCE Inc. <p>Canadian rates are staggeringly high compared to other jurisdictions. Despite many governments promising they were going to introduce competition in the sector, nobody has successfully done that. He doesn&rsquo;t own this because he feels that someday there may be price competition of a real sort, but then again, maybe not.</p> http://www.stockchase.com/opinions/view/159245 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159245 Empire Company (A) <p>This might be a buying opportunity. Sobey&rsquo;s has done a very good job of running their business and Empire is the holding company. They did a big acquisition when they took over Safeway in Western Canada.</p> http://www.stockchase.com/opinions/view/159246 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159246 Indigo Books & Music Inc. <p>Has had a huge run and is not sure he would be courageous enough to get onboard at this point. Management has done a remarkable job of building this. He would look for a little lower entry point.</p> http://www.stockchase.com/opinions/view/159247 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159247 Onex Corp <p>(Market Call Minute.) Sold his holdings in the 80s and it has not come off enough for him to buy it back yet.&nbsp;</p> http://www.stockchase.com/opinions/view/159248 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159248 Brookfield Property Partners <p>(Market Call Minute.) He likes all the Brookfield companies.</p> http://www.stockchase.com/opinions/view/159249 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159249 Transalta Corp <p>(Market Call Minute.) This company has had trouble for a long time. The fact that they own a lot of coal assets, and a government committed to the latest environmental standards, that is not a good combo.</p> http://www.stockchase.com/opinions/view/159250 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159250 Patient Home Monitoring <p>(Market Call Minute.) He would wait until after tomorrow&rsquo;s earnings and see what happens. It could be a buying opportunity, but they have been really clobbered by reductions in pricing for the services they offer.</p> http://www.stockchase.com/opinions/view/159251 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159251 Veresen Inc <p>(Market Call Minute.) Debt would be better than the equity.</p> http://www.stockchase.com/opinions/view/159252 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159252 AGT Food & Ingredients <p>A fascinating company and has one of the most remarkable entrepreneurs leading it. One of the largest producers globally of pulse crops, processors of lentils, field peas. Grows in Saskatchewan and a bit in Australia and the Dakotas. They are starting to convert to making ingredients for food, a higher margin business. Dividend yield of 1.67%.</p> http://www.stockchase.com/opinions/view/159253 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159253 Boyd Group Income Fund <p>A consolidator of auto body and auto glass. They&rsquo;ve exhibited remarkably steady growth. Consolidating an industry in which there are literally tens of thousands of possible acquisitions. This is an industry in transformation because cars are getting more complicated and harder to fix. There is lots of room for growth. Dividend yield of 0.68%.</p> http://www.stockchase.com/opinions/view/159254 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159254 Clearwater Seafoods Inc. <p>The real play is the appetite of the world for protein, particularly seafood. They are not only harvesting efficiently, but marketing all over the world, particularly in Asia. Dividend yield of 1.39%.</p> http://www.stockchase.com/opinions/view/159255 Wed, 25 May 2016 00:00:00 -0400 http://www.stockchase.com/opinions/view/159255