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>He is a picker of asset classes and countries. The US election was viewed by markets as the outcome being very binary.&nbsp; Then look what happened.&nbsp; The markets did not tank.&nbsp; Both candidates were united on fiscal expansion.&nbsp; Both platforms were built on massive spending.&nbsp; He would challenge the view that people should overweight US equities now that Trump has gotten in. That stock market is one of the most expensive in the world.&nbsp; There are better opportunities elsewhere. New emerging market crisis have not materialized.&nbsp; Emerging markets have already had a big slow down.&nbsp; He is bullish on emerging markets.</p> http://www.stockchase.com/opinions/view/166484 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166484 Power Share QQQQ ETF <p>It is a good holding if you want to track that index.&nbsp; Since 2008 we are still in a post-financial crisis period and typically they are very inventive in their technology.&nbsp; Globally this is a good area to overweight.&nbsp; Technology is a theme that is good to overweight.</p> http://www.stockchase.com/opinions/view/166485 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166485 BMO Equal Weight US Banks Hedged to CAD ETF <p>It is a good ETF to play the US banks.&nbsp; There are a few others.&nbsp; If you look at the banking sector in the US it has been a good place to get into now.&nbsp; Post-financial periods take a long time to work through the financial system.&nbsp; Canadian banks are an uninteresting place to invest.&nbsp; All the macro tail winds are now turning to head winds for the banks.&nbsp; He would avoid Canadian Banks.</p> http://www.stockchase.com/opinions/view/166486 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166486 Vanguard Emerging ETF <p>It is low cost and liquid.&nbsp; He likes this but you can go one step further and look at individual countries.&nbsp; You want importers of energy like India.&nbsp; You want Asia more than Latin America.</p> http://www.stockchase.com/opinions/view/166487 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166487 A Comment -- General Comments From an Expert <p><span style="color: #ff0000;"><strong>Biotech after the election.&nbsp;</strong> </span>There has been a lot of damage already to the biotech sector and with Trump it is still wait and see.</p> http://www.stockchase.com/opinions/view/166488 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166488 iShares Japan C$ Hedge ETF <p>Japan is very interesting to him right now.&nbsp; People don&rsquo;t understand what is going on in corporate Japan.&nbsp; After decades, Japanese companies are very adaptable.&nbsp; More of their production occurs in countries they sell in.&nbsp; 60% of Japanese corporations&rsquo; production occurs off shore.&nbsp; This time he thinks the macro dynamics line up for Japanese investment.&nbsp; EWJ-N is another way to play Japan and it is good as well.</p> http://www.stockchase.com/opinions/view/166489 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166489 iShares MSCI India ETF <p><span style="color: #ff0000;"><strong></strong><strong>(Top Pick Sep 20/16, Down 6.55%)</strong> </span>There was an announcement with regard to demonetization.&nbsp; About 80% of daily transactions are in Cash in India and they wanted to get rid of that because of tax dodging.&nbsp; It is part of structural reform.&nbsp; We have seen an initial selloff, but it will be like a coiled spring.&nbsp; He sees a more sustainable rally and likes India long term.&nbsp; Nothing has changed structurally in terms of the Indian economy.</p> http://www.stockchase.com/opinions/view/166490 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166490 PowerShares Senior Loan Portfolio <p><span style="color: #ff0000;"><strong>(Top Pick Sep 20/16, Up 0.69%)</strong> </span>He was worried about rising interest rates.&nbsp; This is a way to get a respectable yield.&nbsp; It did its job for him within the balanced construct.</p> http://www.stockchase.com/opinions/view/166491 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166491 Robo-Global Robotics and Automation <p>If you look at how corporations are transforming themselves, they want to hire robotics instead of labour.&nbsp; He is not sure Trump&rsquo;s jobs are ever coming back.&nbsp; Corporations will choose automated routes rather than labour.&nbsp; He would play this theme in the future.</p> http://www.stockchase.com/opinions/view/166492 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166492 BMO MSCI EAFE Hedged TO CAD <p>Stocks outside North America such as UK, Japan and so on.&nbsp; It is good filler in your portfolio because everyone is too much in North America.&nbsp; He is not crazy about the hedge on it.&nbsp; The Canadian dollar has more headwinds than tailwinds.&nbsp;</p> http://www.stockchase.com/opinions/view/166493 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166493 VIpERS Health Care E.T.F. <p>He was overweight with healthcare for years but it has been damaged because the biotech sector is represented there.&nbsp; It rebounded since Hillary did not win.&nbsp; This is a good one to have longer term if you are committed to the trend of aging populations.&nbsp; It is a good holding.</p> http://www.stockchase.com/opinions/view/166494 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166494 IShares MSCI EAFE IMI IDX <p>It is not hedged and he likes that.&nbsp; The MER is reduced to an attractive price.&nbsp; He prefers the emerging markets to the States.&nbsp; He likes to have adequate global diversification.&nbsp; It is very diversified.&nbsp;</p> http://www.stockchase.com/opinions/view/166495 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166495 A Comment -- General Comments From an Expert <p><span style="color: #ff0000;"><strong>He has been rotating out of US bonds.</strong></span>&nbsp; If you are rebalancing away from income you want to look globally.&nbsp; The options are slim for retirees.&nbsp; Look at emerging market bonds.&nbsp; He would not rotate out of the asset class.&nbsp; Emerging market debt space is very attractive.&nbsp; LEMB-N is an attractive ETF.&nbsp;</p> http://www.stockchase.com/opinions/view/166496 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166496 Guggenheim Solar ETF <p>He is long this one.&nbsp; He is long the solar industry.&nbsp; Whatever policy is coming out in the world, what we have seen is that alternative energy has continued its march higher.&nbsp; It is a reasonably good entry point, but it will be quite volatile.</p> http://www.stockchase.com/opinions/view/166497 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166497 BMO MSCI Europe High Quality <p>The UK is in there as well.&nbsp; It screens for defensive companies.&nbsp; He is not crazy about the Canadian dollar hedge.&nbsp; He prefers to go into individual countries.</p> http://www.stockchase.com/opinions/view/166498 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166498 Deutsche X-trackers Harvest CSI 300 China A-Shares <p>China is looking good for now and is under owned and under loved.&nbsp; He does not see a crash in China.&nbsp; The market on the mainland had come down so much and is so cheap now.&nbsp; You don&rsquo;t want to be overweight Chinese industrials, but most funds concentrate in financials.&nbsp;</p> http://www.stockchase.com/opinions/view/166499 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166499 iShares Japan ETF <p>It is not hedged and is undervalued.&nbsp; They are cheap, lean and efficient in manufacturing.</p> http://www.stockchase.com/opinions/view/166500 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166500 VanEck Vectors India Small-Cap. <p>He is bullish on India.&nbsp; You should look at demonetization as getting rid of the black market.&nbsp; They are going to really get the economy going.&nbsp; If there is short term pain and long term gain then in the next quarter or two you will see India come back.&nbsp; The government of India is very credible.&nbsp;</p> http://www.stockchase.com/opinions/view/166501 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166501 Deutsche X-trackers Harvest CSI 300 China A-Shares <p><span style="color: #ff0000;"><strong>(Top Pick Sep 20/16, Up 2.88%)</strong></span> The main land Chinese Market.&nbsp; The macro story continues to excite him.&nbsp; He thinks China is doing what they said they would do.&nbsp; They are rebalancing away from exports.&nbsp; He loves the Chinese stock market.&nbsp;</p> http://www.stockchase.com/opinions/view/166502 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166502 A Comment -- General Comments From an Expert <p><span style="color: red; font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;"><strong>Market.</strong></span><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;"> Everything is going up. At this stage, the rally is getting pretty mature. December is typically a good month. The Santa Claus rally probably came early this year. It is pushing some of the sectors, like financials and cyclicals, quite a bit. If the scenario unfolds as the optimists assume, then he thinks the rotation would be justified, but there is a lot of work to be done yet. Expects there will be a correction early in the new year. The 1<sup>st</sup> quarter might be a different story, partly as the market is a little stretched. Also, in last 2 years, the 1<sup>st</sup> quarter there has been some seasonal weakness in the US economy, which would be a good place for a correction.</span></p> http://www.stockchase.com/opinions/view/166503 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166503 Toronto Dominion <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">This has been one of his long-time favourites, partly because they have significant exposure in US retail banking. This tends to not be spectacular in their quarterly results, but they are very steady, and they have the size to show for it. A good long term holding. Dividend yield of 3.4%.</span></p> http://www.stockchase.com/opinions/view/166504 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166504 Laurentian Bank <p><span style="color: red; font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;"><strong>Laurentian Bank (LB-T) or National Bank (NA-T)? </strong></span><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">Both are Qu&eacute;bec based banks, and tend to trade at a discount historically to the sector. National is larger and tend to have more of a higher risk asset mix in terms of lending and international ventures, but also has higher growth. Even though it is working very hard outside of Qu&eacute;bec, it is primarily a Qu&eacute;bec retail bank. The rationale for buying this bank is more on the dividend, and the hope for more improved efficiency.</span></p> http://www.stockchase.com/opinions/view/166505 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166505 National Bank of Canada <p><span style="color: red; font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;"><strong>Laurentian Bank (LB-T) or National Bank (NA-T)?</strong></span><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;"> Both are Qu&eacute;bec based banks, and tend to trade at a discount historically to the sector. This one is the larger bank, and tends to have more of a higher risk asset mix in terms of lending and international ventures, but also has higher growth. The hope in the shorter term is more of a cyclical leverage, especially to the oil patch, and some of the International investments.</span></p> http://www.stockchase.com/opinions/view/166506 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166506 Baytex Energy Corp <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">Oil prices have had quite a bit of drama over the last 24 months, and lately OPEC has pulled a surprise to the good, which has propped the price up. He thinks OPEC can largely stick to the deal and have the support of Russia. However, there is a cap to the upside on oil getting too high. At over a $60-$65 level, the US drillers will rush back in. This company was doing &ldquo;just okay&rdquo; in the $55 range. They are a big player in the US. If you believe oil prices will be in the mid-$50, this one will do just fine.</span></p> http://www.stockchase.com/opinions/view/166507 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166507 Dollarama Inc. <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">Very good operators and there is still a lot of room to grow their footprint in Canada. They&rsquo;ve gone from $1 to $1-$4 now, in order to provide a higher price point and better quality goods. If they continue to execute, they are going to be just fine for the next couple of years.</span></p> http://www.stockchase.com/opinions/view/166508 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166508 Teck Resources Ltd. (B) <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">This has done very well recently, primarily on the strength of coking coal, which is based on manufacturing steel, and to a lesser extent copper and zinc. If infrastructure comes into play, it will be positive for all base metal commodities. The issue in the short term is whether the recent run-up has gone too far. What this rally does is to improve their balance sheet. If you want to stay in the resource sector, this is a good place to be.</span></p> http://www.stockchase.com/opinions/view/166509 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166509 MacDonald Dettwiler & Assoc. <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">This has gone from $90 down to the high $60s in the last few months, partly because of a slowdown in satellite markets, partly because of funding and partly because of overcapacity. They&rsquo;ve had a huge initiative in trying to get more business from the US government, which has been taking longer than everybody thought. It may take a while to work this out. The next 6-12 months would be a good time to buy the stock.</span></p> http://www.stockchase.com/opinions/view/166510 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166510 CI Financial Corp <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">There are always take over rumours on this. It is the biggest independent fund company out there. He sees that as being less likely these days as most Canadian banks have their fund presence already. This is one of the more efficient operators, concerning expenses and paying good dividends, so it is a good place to be. However, they are facing challenges with regulations on fees.</span></p> http://www.stockchase.com/opinions/view/166511 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166511 Telus Corp <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">If you own this for the dividend, it is just fine, as they will continue to grow the dividend. The CapX continues to go down, so they will be able to maintain it. If you own for capital appreciation, you are facing some challenges because of increasing interest rates, and potentially more aggressive competition from Shaw (SJR.B-T). A well-managed company.</span></p> http://www.stockchase.com/opinions/view/166512 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166512 Cardinal Energy Ltd <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">Feels the dividend is safe, because they have never had a payout ratio that was getting anywhere close to their cash flow level. The company is ready, poised and able to expand, based on internal capital spending and acquisitions. A good place to be. Dividend yield of 4.17%.</span></p> http://www.stockchase.com/opinions/view/166513 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166513 DIRTT Environmental Solutions <p><span style="color: red; font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;"><strong>(A Top Pick Nov 10/15. Down 19.94%.) </strong></span><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">Likes this for its revolutionary technology, designing, installation and manufacturing in modular construction. That hasn&rsquo;t changed at all. He thinks they are going through a bit of a bump with some of the exposure they have to the oil patch where some big contracts get delayed and cancelled. Meanwhile the rest of the business continues to grow very well and thinks they are poised to recover from here. He still likes this.</span></p> http://www.stockchase.com/opinions/view/166514 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166514 Transcontinental Inc. (A) <p><span style="color: red; font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;"><strong>(A Top Pick Nov 10/15. Up 6.36%.)</strong></span><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;"> Recently had a good quarter. His reason for choosing this is that it is a cheap company, because the main printing business cycle has declined. They have gradually transitioned themselves to flexible packaging and continue to manage the base business very well. He continues to like this.</span></p> http://www.stockchase.com/opinions/view/166515 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166515 George Weston Ltd. <p><span style="color: red; font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;"><strong>(A Top Pick Nov 10/15. Up 6.92%.)</strong></span><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;"> This is a parent of Loblaw&rsquo;s (L-T) which has performed reasonably well, and now they have Shoppers.</span></p> http://www.stockchase.com/opinions/view/166516 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166516 Aritzia Inc. <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">Retail is not an easy place to make money, this is one of the few. Went public earlier this year and have done reasonably well. They are in the retail and fashion business, and have done very well coming out of a private company basis, to manage the fashion risks. The footprint is still rather small and there is room to expand both in the US and Canada. He sees a lot more potential, but this is not a cheap stock. However, the growth more than justifies that.</span></p> http://www.stockchase.com/opinions/view/166517 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166517 CCL Industries (B) <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">The biggest reason for the decline is because of the rotation from consumer staples into other areas. It has been executing very well. Trading at reasonably high multiples, so if there is any sort of rotation or poor performance, the stock price will be under pressure. Given their track record, he thinks they will get back on track. If you have a horizon more than 6 months, you could do very well with this.</span></p> http://www.stockchase.com/opinions/view/166518 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166518 New Flyer Industries Inc. <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">Has done very well since the merger with Marco Polo, and also with getting the cost structure in line, just in time for the takeoff in North American bus orders. The stock has come a long way, so it will probably take a bit of a digestion process. If they can execute what they think they can, then he thinks there is further upside.</span></p> http://www.stockchase.com/opinions/view/166519 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166519 BCE Inc. <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">Part of the fall off is due to sector rotation. People have been hiding out in this for a long time because of the dividends and low volatility. If your goal is to get good dividends and to preserve capital, you can do very well with this.</span></p> http://www.stockchase.com/opinions/view/166520 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166520 SPDR Financial E.T.F. <p>He has been overweight the financial sector through this ETF.&nbsp; You don&rsquo;t want to be a contrarian here.&nbsp; Trump is engineering animal spirits.&nbsp; Capital spending will start to happen and you want to be in banks during this period.&nbsp; He likes it and is long.</p> http://www.stockchase.com/opinions/view/166521 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166521 Calfrac Well Services Ltd <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">For companies like this, it is all about leverage to the upside. Clearly the cycle has turned. Gas companies are spending more money on fracing, so they will make more money. The issue is, how much more, and is the capacity still in surplus or not. If oil prices get to $60 plus, there is probably more upside for the fracers.</span></p> http://www.stockchase.com/opinions/view/166522 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166522 CitiGroup <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">Financials in the US have done very well recently because of the belief of higher interest rates and deregulation. This is a bit higher on the risk level, but if you believe in the long-term future, it is a more leveraged name to play. In the 1<sup>st</sup> quarter of 2017, you might see a better buying opportunity.</span></p> http://www.stockchase.com/opinions/view/166523 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166523 Power Corp <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">He owns it primarily for its dividend paying capabilities. The underlying business, which is primarily insurance, has been under some pressure. If interest rates go up, insurance companies will benefit. The fund business is going to do okay as they have a good business in Canada. He expects the dividend will grow. A good one to own, especially for income investors. 4.4% dividend yield.</span></p> http://www.stockchase.com/opinions/view/166524 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166524 Apple <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">They&rsquo;ve done very well over the last 10 years, and the question is, where do they go from here. Do they go into new areas that they haven&rsquo;t been into? He thinks they&rsquo;ve been trying, but so far haven&rsquo;t found the next leg for their growth. Has a good balance sheet and continues to buy back stocks and increase dividends. He wouldn&rsquo;t expect big things, but they are probably going to do well until they find the next leg of growth.</span></p> http://www.stockchase.com/opinions/view/166525 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166525 Manulife Financial <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">This has enjoyed a huge rally post the US election, with interest rates showing a steepening yield curve. A good company that, given the right environment can perform well. It will probably take a breather given the run they&rsquo;ve had. If we get stronger growth, more inflation and higher interest rates, there is a lot more to go. If not, it might be a little ahead of itself.</span></p> http://www.stockchase.com/opinions/view/166526 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166526 Canadian Imperial Bank of Commerce <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">The acquisition of Private Bank Corp. in Chicago was postponed for 3 years. This is a strategically important deal for them, and they will likely raise the offer to get it done. The issue with this bank is the overreliance on the domestic residential mortgage market, which could be a problem down the road.</span></p> http://www.stockchase.com/opinions/view/166527 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166527 Altagas Ltd <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">Thinks the dividend is sustainable. Operating in the oil/gas industry, clearly has some cyclical influences, but they are a service provider rather than a producer. With the gathering systems of pipelines and plants, a lot of the fees are fixed and well protected for the dividend. Growth will depend on what is happening in natural gas prices, and partly to the oil price. At this stage, we are clearly coming off the bottom, so he can see upside from here. Dividend yield of 6.37%.</span></p> http://www.stockchase.com/opinions/view/166528 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166528 Potash Corp of Saskatchewan <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">This has had some ups and downs, but right now are somewhere around the bottom. There are some signs that things are improving, but there is a lot of overcapacity in the industry, and will take a while to work off. Longer-term, he believes they will come out of it. The next 12-18 months is difficult to see.</span></p> http://www.stockchase.com/opinions/view/166529 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166529 A Comment -- General Comments From an Expert <p><span style="color: red; font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;"><strong>Would you play the US market with the loonie expected to drop? </strong></span><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">Expects the Cdn$ to stay relatively weak at $.70-$.75 over the next 12 months, but to have something weaker than that, there would have to be some drastic action. He wouldn&rsquo;t invest in the US just because of that. The US will give you a broader investment choice and perhaps higher growth.</span></p> http://www.stockchase.com/opinions/view/166530 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166530 Amaya Gaming Group Inc. <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">At this stage, this is something you want to be cautious of. There have been some interesting developments on an insider trading case. The takeover doesn&rsquo;t seem all that bulletproof as far as financing goes. Also, there could be some regulatory issues. He would be cautious here and not get involved.</span></p> http://www.stockchase.com/opinions/view/166531 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166531 Aimia <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">At this stage, this would be in a holding pattern, because they do have a contract coming up with Air Canada in 2020, and negotiations are underway to renew it. It is yet to be seen whether or not they can apply their model beyond what it traditionally has been. Great dividend.</span></p> http://www.stockchase.com/opinions/view/166532 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166532 Just Energy Group <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">(Market Call Minute.) This is a risky business model, so he would stay away.</span></p> http://www.stockchase.com/opinions/view/166533 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166533 Algonquin Power & Utilities Corp <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">(Market Call Minute.) This has good acquisitions, and continues to grow in the US.</span></p> http://www.stockchase.com/opinions/view/166534 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166534 AutoCanada Inc. <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">(Market Call Minute.) Continues to be in a tough situation and they have to keep buying, so he would stay away.</span></p> http://www.stockchase.com/opinions/view/166535 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166535 Hudson Bay Co. <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">(Market Call Minute.) Good real estate, but not so good retail. He would stay away.</span></p> http://www.stockchase.com/opinions/view/166536 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166536 Bank of Nova Scotia <p><span style="font-family: 'Times New Roman',serif; font-size: 12pt; mso-fareast-font-family: 'Times New Roman'; mso-ansi-language: EN-CA; mso-fareast-language: EN-CA; mso-bidi-language: AR-SA;">(Market Call Minute.) Great international exposure and good results.</span></p> http://www.stockchase.com/opinions/view/166537 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166537 Transcontinental Inc. (A) <p>This continues to trade at single digit multiples. Great cash flow and good dividend. The printing business continues to decline, but they manage to slow it down very well. Meanwhile, they take the cash flow and reinvest it in the higher growth, flexible packaging business, for pharmaceuticals, food, etc. They are making a lot of progress, but it has been uneven, but has started to show in the last couple of quarters. If they can continue to do that, it could be a double from here. Dividend yield of 3.45%. <em>(Analysts&rsquo; price target is $21.19.)</em></p> http://www.stockchase.com/opinions/view/166538 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166538 Intertape Polymer Group <p>Makes all kinds of different tapes for packaging, but also has leverage to e-commerce with the growth in shipping. Has a lot of business in the US, and have been building new plants to lower costs and improve efficiencies. Their transition has not been smooth, having been hit by a flood and just coming out of it. When they get the plant running well, they are going to have a cost advantage and a lot more capacity. Dividend yield of 3.06%.<em> (Analysts&rsquo; price target is $27.25.)</em></p> http://www.stockchase.com/opinions/view/166539 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166539 Sleep Country Canada Holdings <p>During the downturn in the financial crisis, they cut back on spending, and the sales growth slowed down. Now they have started spending again, sales growth has started to pick up. They are taking market share away from Sears, the Bay, etc. They are also adding ancillary products of pillowcases, etc., which actually have higher margins than the mattresses themselves. There is a lot of upside remaining in this. Dividend yield of 2.14%. <em>(Analysts&rsquo; price target is $34.50.)</em></p> http://www.stockchase.com/opinions/view/166540 Thu, 08 Dec 2016 00:00:00 -0500 http://www.stockchase.com/opinions/view/166540