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

Table View - Opinions in Detail

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Implied Signal Stock Symbol Company Comment Source Program Airdate Airdate Price Opinions $ Goal Expert Program Topic Expert's Bias Own or Relationship Actions
  
N/A A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2015-01-29 $0.020

Markets.  We are at an interesting point in economic history.  The reality is that we have not had a point where the European, Japanese, Chinese and Bank of Canada are working together to add liquidity.  In the long term this could contain some dangers.  It is an inflationary phase that we won’t see until 2016.  The next part of the equation is currency exchange.  That will be more powerful than more people think.  Now that we have a foreign exchange structure that is seeing the US dollar move dramatically against all other currencies, it will change things dramatically in 12 months or so. 

Ben Cheng REITS, INCOME STOCKS & HIGH YIELD BONDS CAUTIOUS _N/A View
N/A A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2015-01-29 $0.020

REITs are pushing forward as much of the refinancing as they can.  The lower interest rates are a benefit and then they want to lock them in for as long as possible. 

Ben Cheng REITS, INCOME STOCKS & HIGH YIELD BONDS CAUTIOUS Unknown View
PAST TOP PICK A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2015-01-29 $0.020

Air Canada Bonds 7.625% maturing 2019 (Top Pick Feb 28/14, Up 14.75% Total Return) The slow down in Western Canada could moderate air travel for a few years.

Ben Cheng REITS, INCOME STOCKS & HIGH YIELD BONDS CAUTIOUS Yes View
N/A A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2015-01-29 $0.020

REIT rules in Canada.  He would love to see more flexibility.  Changes in 2006 involved rules that were too draconian.  He doesn’t see rule changes in the US coming to Canada.

Ben Cheng REITS, INCOME STOCKS & HIGH YIELD BONDS CAUTIOUS _N/A View
N/A A Commentary A Comment -- General Comments From an Expert Market Call Tonight (BNN TV) 2015-01-29 $0.020

Markets.  Thinks interest rates will be lower, longer than people think.  The Bank of Canada is worried about a slower Canadian Economy.  We are in the phase where the oil price drop is now affecting other areas of the market.  Oil is very little of the US economy compared to Canada.  The world has not changed that much.  Earnings came out from a lot of companies and all they said was that the dollar was affecting them.  Yet commodities have collapsed.  China may be slowing down faster than people think.

Paul Harris, CFA NORTH AMERICAN/GLOBAL CAUTIOUS _N/A View
COMMENT A Commentary A Comment -- General Comments From an Expert Market Call Tonight (BNN TV) 2015-01-29 $0.020

Is it time to get out of Canada?  Nobody really knows where oil is going.  He feels oil can still go lower as there is still excess supply.  The other problem with oil is that it can be stored and eventually storage could get filled up.  It has to settle somewhere.  It will probably go up higher over a period of time.  There will be a point over the next period of time when it is a great time to buy great oil companies [Canadian].

Paul Harris, CFA NORTH AMERICAN/GLOBAL CAUTIOUS _N/A View
DON'T BUY ACQ-T AutoCanada Inc. Market Call (BNN TV) 2015-01-29 $34.770

A wonderful operator.  The reality is that the dealerships are centered in Western Canada.  It will be tough for them to just maintain sales. 

Ben Cheng REITS, INCOME STOCKS & HIGH YIELD BONDS CAUTIOUS Unknown View
TOP PICK AP.UN-T Allied Properties REIT Market Call (BNN TV) 2015-01-29 $40.370

(Top Pick Feb 28/14, Up 24.60%) Has a very disciplined organic growth pattern.  He continues to hold and it is a large position.  This is a well run investment trust.  It is a development, acquisition and urban intensification story.

Ben Cheng REITS, INCOME STOCKS & HIGH YIELD BONDS CAUTIOUS Yes View
TOP PICK BAC-N Bank of America Market Call Tonight (BNN TV) 2015-01-29 $15.430

It has come off a fair bit as have a lot of the US banks.  You have a really good chance to get a great company really cheap.

Paul Harris, CFA NORTH AMERICAN/GLOBAL CAUTIOUS Yes View
TOP PICK BAM.A-T Brookfield Asset Management (A) Market Call (BNN TV) 2015-01-29 $65.180

This is where all their top managers own their equity in the portfolio.

Ben Cheng REITS, INCOME STOCKS & HIGH YIELD BONDS CAUTIOUS Yes View
DON'T BUY BB-T BlackBerry Market Call Tonight (BNN TV) 2015-01-29 $12.920

It is hard to see where it will go from here.  It is a difficult environment.  He thinks it would work better if Amazon bought them out.  He is not sure BB-T will be around in a year.

Paul Harris, CFA NORTH AMERICAN/GLOBAL CAUTIOUS No View
DON'T BUY BBD.B-T Bombardier Inc (B) Market Call Tonight (BNN TV) 2015-01-29 $2.930

Has done poorly and it is a tough business.  He has never owned it.

Paul Harris, CFA NORTH AMERICAN/GLOBAL CAUTIOUS No View
PARTIAL SELL BCE-T BCE Inc. Market Call (BNN TV) 2015-01-29 $58.310

Telecoms in Canada have valuations that are between 6 and 8.5 times cash flow.  This one is at the high end of this scale.  This at the expensive end of the range.  You should trim when you get to this point.

Ben Cheng REITS, INCOME STOCKS & HIGH YIELD BONDS CAUTIOUS Unknown View
BUY BPY.UN-T Brookfield Property Partners Market Call (BNN TV) 2015-01-29 $30.550

They won their battle to own the Canary Warf project.  The UK economy is actually doing quite well.  It should be very accretive.

Ben Cheng REITS, INCOME STOCKS & HIGH YIELD BONDS CAUTIOUS Yes View
HOLD CGX-T Cineplex Inc Market Call Tonight (BNN TV) 2015-01-29 $45.720

He sold it because it got a little bit too expensive.  It has a decent yield of about 4%.  It technically has a monopoly.  They have done a very good job.  But their business is driven by blockbusters.  There are some really big-brand things coming out and that should cause them to full up.  It is about driving concessions and other parts of the business that do well.

Paul Harris, CFA NORTH AMERICAN/GLOBAL CAUTIOUS No View
DON'T BUY CIX-T CI Financial Corp Market Call Tonight (BNN TV) 2015-01-29 $32.800

A lot of people are moving to the ETF market.  The mutual fund industry is not growing quickly.  The mutual fund industry has to bring their cost structure down.  It can survive and at some time there could be more acquisitions.

Paul Harris, CFA NORTH AMERICAN/GLOBAL CAUTIOUS Unknown View
COMMENT CM-T Canadian Imperial Bank of Commerce Market Call Tonight (BNN TV) 2015-01-29 $91.370

They are cutting some 500 jobs.  There is pressure on them to be more cost effective.  But they say they will hire 5000 more in the next year.

Paul Harris, CFA NORTH AMERICAN/GLOBAL CAUTIOUS Unknown View
WAIT CPG-T Crescent Point Energy Corp Market Call (BNN TV) 2015-01-29 $28.830

It has done very well in the last 30 days, outperforming many of the old ex-income trusts in the energy sector.  They will continue to pull back cap-x.  When oil prices go over $65 you will see more invigorated growth.

Ben Cheng REITS, INCOME STOCKS & HIGH YIELD BONDS CAUTIOUS Unknown View
WEAK BUY CSH.UN-T Chartwell Seniors Housing Market Call (BNN TV) 2015-01-29 $12.720

There is some economic sensitivity because the rooms are expensive and in tougher economic times the vacancy rates might go up a bit.  However, they seem to improve their occupancy quarter after quarter.

Ben Cheng REITS, INCOME STOCKS & HIGH YIELD BONDS CAUTIOUS Unknown View
TOP PICK CUBE-N CubeSmart Market Call (BNN TV) 2015-01-29 $25.260

Very good operators.  They have made acquisitions over the last 5 years and the stock price shows they are good at integrating them in.  The price is not too rich here.

Ben Cheng REITS, INCOME STOCKS & HIGH YIELD BONDS CAUTIOUS Yes View
DON'T BUY D.UN-T Dream Office REIT Market Call (BNN TV) 2015-01-29 $27.330

Has western Canada exposure.  Office leases are done normally with investment grade blue chip companies so there is really is little risk of the leases being broken.  Their stock no longer trades at a premium.  Acquisition growth is predominantly off the table.  They have to prove to the market that they are good operators. 

Ben Cheng REITS, INCOME STOCKS & HIGH YIELD BONDS CAUTIOUS No View
BUY DEO-N Diageo PLC Market Call Tonight (BNN TV) 2015-01-29 $121.940

They are a global company, around 21 times earnings and a great dividend.  They had issues where they spent too much on marketing.  The volume of spirits does not move up. People move from clear to premium spirits.  He thinks they will do more bolt-on acquisitions in local markets.  It is a great growth business that is consolidating. It is a well managed company and will continue to do well.

Paul Harris, CFA NORTH AMERICAN/GLOBAL CAUTIOUS No View
BUY DOL-T Dollarama Inc. Market Call Tonight (BNN TV) 2015-01-29 $59.950

They are very good at their organic growth.  They are defensive and cyclical at the same time.  People still shop there when things are improving.  One of the issues is that they source a lot of their product from the US so the currency issue may affect them.

Paul Harris, CFA NORTH AMERICAN/GLOBAL CAUTIOUS Unknown View
SELL DPS-N Dr. Pepper Snapple Group Market Call Tonight (BNN TV) 2015-01-29 $79.080

They have effectively used their capital structure well and increased free cash flow.  His issues are that the whole sugary drink area is under pressure as it is adding to the diabetes problem and a lot of the cost structure taken out has finished and so you need them to grow the top line.  They are getting a lot of price competition from Coke and Pepsi.  They are not as international as the other two so there is some room for growth there.  He would suggest, however that it is time to get out.

Paul Harris, CFA NORTH AMERICAN/GLOBAL CAUTIOUS No View
BUY ENF-T Enbridge Income Fund Holdings Market Call (BNN TV) 2015-01-29 $40.290

They have 15 billion worth of secured contracts coming through their pipe over the next 5 years.  Potential dividend increases for 5 years could be 10% per year. 

Ben Cheng REITS, INCOME STOCKS & HIGH YIELD BONDS CAUTIOUS Unknown View
HOLD FCR-T First Capital Realty Market Call (BNN TV) 2015-01-29 $19.570

A good operator, but a lot of these look relatively cheaply compared to US counterparts.

Ben Cheng REITS, INCOME STOCKS & HIGH YIELD BONDS CAUTIOUS Unknown View
BUY HR.UN-T H&R Real Estate Inv Trust Market Call (BNN TV) 2015-01-29 $24.830

They have diversified.  Their tenants can withstand the weak oil prices of today. 

Ben Cheng REITS, INCOME STOCKS & HIGH YIELD BONDS CAUTIOUS Unknown View
DON'T BUY HSBC-N HSBC Holdings P L C Market Call Tonight (BNN TV) 2015-01-29 $46.680

The issue is that they are a large international bank with a large presence in Asia.  Their acquisition of Household Finance was a disaster.  They are not making changes as fast as BCS-N.  HSBC-N has gotten lost in their strategy somewhere, so he would prefer BCS-N.

Paul Harris, CFA NORTH AMERICAN/GLOBAL CAUTIOUS No View
BUY on WEAKNESS JNJ-N Johnson & Johnson Market Call Tonight (BNN TV) 2015-01-29 $102.380

It is a great company, not expensive.  As things come off in one business another picks up.  There are devices, pharmaceutical and consumer products.  Thinks they will continue to make small acquisitions.  You can hold this for the long, long term.  He would buy more on a pullback.

Paul Harris, CFA NORTH AMERICAN/GLOBAL CAUTIOUS No View
BUY JPM-N JP Morgan Chase & Co Market Call Tonight (BNN TV) 2015-01-29 $55.670

A great company.  He thinks it is not expensive, 9 times earnings, around book value and has a decent dividend yield.  The net interest margin has been hurt over the last little while.  It has also been hurt by some fixed income business.  They did well on equities and M & A.  You are not paying a lot and the US economy is doing better, so it should help JPM-N.  It is a very large asset management bank as well as having a credit card business.  There are a lot of issues with regulation.  But he thinks they are good value here.

Paul Harris, CFA NORTH AMERICAN/GLOBAL CAUTIOUS Yes View
PAST TOP PICK LNF-T Leon's Furniture Market Call Tonight (BNN TV) 2015-01-29 $19.000

(Top Pick Jan 20/14, Up 37.08%) Management owns a very large percentage of the stock.  LNF-T owns the properties under the stores.  He sold some off because it ran up so far and would buy it back on a dip.

Paul Harris, CFA NORTH AMERICAN/GLOBAL CAUTIOUS No View
PAST TOP PICK MEQ-T Mainstreet Equity Corp Market Call Tonight (BNN TV) 2015-01-29 $33.360

(Top Pick Jan 20/14, Down 6.84%) It went down with the oil price drop because they are in Alberta.  He continues to like it.  They made some very good purchases over the last little while in BC.  Likes management.  They are very cost effective.  Perhaps they can make some acquisitions when things are cheaper.

Paul Harris, CFA NORTH AMERICAN/GLOBAL CAUTIOUS No View
DON'T BUY MFC-T Manulife Financial Market Call Tonight (BNN TV) 2015-01-29 $20.570

He has an issue with the low interest rate environment and insurance companies.  But they have brought their leverage down and that has helped them.  They would like to do acquisitions, but the big ones are few and far between.  They can grow their ROE, but you need to still see less leverage on their balance sheet.  He prefers SLF-T where they have the asset management business.

Paul Harris, CFA NORTH AMERICAN/GLOBAL CAUTIOUS No View
BUY MO-N Altria Group Inc Market Call Tonight (BNN TV) 2015-01-29 $54.390

Cigarette company that is the domestic business of PM-N, but MO-N has not done as well.  They have a ton of free cash flow and pay a good dividend.  They could continue to do well. 

Paul Harris, CFA NORTH AMERICAN/GLOBAL CAUTIOUS Unknown View
TOP PICK MSFT-Q Microsoft Market Call Tonight (BNN TV) 2015-01-29 $42.010

Earnings came out and the stock came down.  Windows 10 is coming out.  3% dividend yield and 15 times earnings after you take out the cash.  The Surface continues to be a big hit for them.  MSFT-Q is the thing you want to own in a difficult environment.  They have no debt.

Paul Harris, CFA NORTH AMERICAN/GLOBAL CAUTIOUS Yes View
BUY NA-T National Bank of Canada Market Call (BNN TV) 2015-01-29 $45.550

Likes it.  All the banks have some exposure in Western Canada.  Some investors have taken this down relative to other banks. 

Ben Cheng REITS, INCOME STOCKS & HIGH YIELD BONDS CAUTIOUS Unknown View
DON'T BUY NWH.UN-T Northwest Healthcare Property REIT Market Call (BNN TV) 2015-01-29 $9.260

Canadian REITs have not kept up with their US counterparts.  This one has substantially underperformed.  There is a perception by the market that they will get hurt because they are centered in Alberta and North West BC.  You should consider REITs without that overhang.  REIT values here are relatively cheap.  The spreads today are about 560 basis points so they are on the cheaper end of the range.  REITs should be trading higher this year.

Ben Cheng REITS, INCOME STOCKS & HIGH YIELD BONDS CAUTIOUS Unknown View
TOP PICK QCOM-Q Qualcomm Market Call Tonight (BNN TV) 2015-01-29 $63.690

Earnings the other day were okay, but they warned about the second half of the year.  They had this issue with royalties in China which they have sorted out.  They are in the sweet spot of the cell phone business.  There were little bumps in the road that hurt the share price so this is why you should buy it now.  They are buying back shares and have a nice dividend yield that they will increase.

Paul Harris, CFA NORTH AMERICAN/GLOBAL CAUTIOUS Yes View
DON'T BUY RDS.A-N Royal Dutch Shell PLC (A) Market Call Tonight (BNN TV) 2015-01-29 $62.310

The price of oil affects all these companies.  Being a super major in this environment helps them.  Small and mid cap stocks get hurt a lot more.  RDS.A-N’s management has not been consistent.  He is not sure if it is the best company if the price of oil turns around.  It is hard to grow something like this.  The currency has a huge impact on the story right now.  Prefers Canadian companies like SU-T and CNQ-T.

Paul Harris, CFA NORTH AMERICAN/GLOBAL CAUTIOUS Unknown View
HOLD REI.UN-T RioCan Real Estate Investment Market Call (BNN TV) 2015-01-29 $29.760

There has been some negative press in recent weeks surrounding the closing of the Target stores here in Canada.  Just under 4% of their retail mall space is taken up by Target, so it is a real worry, but the reality is that they have very good quality real estate and management is focused on leasing up that space.

Ben Cheng REITS, INCOME STOCKS & HIGH YIELD BONDS CAUTIOUS Yes View
PAST TOP PICK RF-N Regions Financial Market Call Tonight (BNN TV) 2015-01-29 $8.850

(Top Pick Jan 20/14, Down 14.82%) South East US regional bank.  He likes the area and it continues to grow.  There is not a lot of unionization there and the housing market is turning around.  It does not have investment banking business.  He thinks you will see increasing dividends.

Paul Harris, CFA NORTH AMERICAN/GLOBAL CAUTIOUS Yes View
DON'T BUY RMM.UN-T Retrocom Mid-Market REIT Market Call (BNN TV) 2015-01-29 $4.040

A good portion of the distribution is a return of capital.  It is a haphazard set of assets.  The management team has made the REIT much better than it was 5 years ago.  But it will be hard for them to right size their balance sheet.

Ben Cheng REITS, INCOME STOCKS & HIGH YIELD BONDS CAUTIOUS Unknown View
BUY on WEAKNESS SBUX-Q Starbucks Market Call Tonight (BNN TV) 2015-01-29 $89.050

Wait for a pullback to buy it.  They did a great job of turning around the company.  It is a great brand and well known.

Paul Harris, CFA NORTH AMERICAN/GLOBAL CAUTIOUS Unknown View
HOLD SU-T Suncor Energy Inc Market Call (BNN TV) 2015-01-29 $36.440

Balance sheet is set up to withstand the low prices we have here.  They have on-going capital expenditures to maintain production. 

Ben Cheng REITS, INCOME STOCKS & HIGH YIELD BONDS CAUTIOUS Yes View
PAST TOP PICK TCN-T Tricon Capital Group Market Call (BNN TV) 2015-01-29 $9.530

(Top Pick Feb 28/14, Up 23.31%) Smart management.  They started buying single family homes in the US south when they were cheap.  He sold recently to take profits.

Ben Cheng REITS, INCOME STOCKS & HIGH YIELD BONDS CAUTIOUS No View
BUY TD-T Toronto Dominion Market Call Tonight (BNN TV) 2015-01-29 $51.640

He loves it and has owned it for a long time.  Canadian banks are pretty cheap these days.  They had a nice pullback and you can buy a great franchise in Canada at a really good multiple.  This is a company that has developed a brand name in the US that no one has been able to accomplish over the years.

Paul Harris, CFA NORTH AMERICAN/GLOBAL CAUTIOUS Yes View
BUY WPT-T Westport Innovations Market Call (BNN TV) 2015-01-29 $4.340

Has done very well since inception.  Has benefited from the drop in our currency.  You are benefiting from the resurgence in manufacturing in the US.  They should change their focus to move toward the distribution center model.  This is due to the amount of online shopping.

Ben Cheng REITS, INCOME STOCKS & HIGH YIELD BONDS CAUTIOUS Yes View
BUY XRE-T iShares S&P/TSX Capped REIT Market Call (BNN TV) 2015-01-29 $17.610

A good way to go.  A great way to stay diversified within the REIT sector.  It is equal weight. 

Ben Cheng REITS, INCOME STOCKS & HIGH YIELD BONDS CAUTIOUS Unknown View
N/A A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2015-01-28 $0.020

Markets. We are in the late innings of this bull market in Canada. Bull markets don’t last very long. You never know when they are going to end, but it kind of feels tired to him. Earnings are not impressing people. Consumers are tapped out. Growth is weak. The US looks a little better, but it is not that strong either. He is 50% cash right now. The best time to invest in stocks is after they’ve corrected. We saw that in March 2009. Anything you buy goes up pretty much, and that is when you want to be fully deployed. He is still buying, but is more selective. His 2 favourite types of investments are turnaround stories and small high growth/high risk opportunities. That is where he has done the best. He tends to avoid resources because he doesn’t like the unpredictability of the resource price. Prefers betting on really intelligent, motivated entrepreneurs, which he finds pays off the most.

Fabrice Taylor NORTH AMERICAN CAUTIOUS _N/A View
DON'T BUY A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2015-01-28 $0.020

Graphene. A form of graphite, one atom thick, and has an amazing potential if anyone can find a way to produce it economically. Some companies do produce it, but it is very expensive and not very reliable. Doesn’t think anybody has nailed it down yet. If it works out, it will change our world, because it has so many amazing properties. For now it is very early stage. It is very, very risky as there are no guarantees a company will ever be able to produce it.

Fabrice Taylor NORTH AMERICAN CAUTIOUS No View
COMMENT A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2015-01-28 $0.020

3-D printing. Pretty fascinating and if they can ever get it to work properly, it will solve a lot of problems. Brilliant future if they can figure out how to make it work. Loves the space and the concept, but just doesn’t know if it is investable.

Fabrice Taylor NORTH AMERICAN CAUTIOUS No View
N/A A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2015-01-28 $0.020

The effect of baby boomers retiring and depending on, or selling their investments for monthly income? Expects you will see low interest rates for a long time. As people get older they want to buy bonds or fixed income. That will increase demand, and therefore lower yield. Dividend paying stocks should do very well and will have a lot of buyers. There are a lot of great little private businesses that are run by smart entrepreneurs that work hard. These are probably baby boomers and possibly getting tired, so there are a lot of businesses for sale. Rollups benefit from this. This is an interesting trend.

Fabrice Taylor NORTH AMERICAN CAUTIOUS _N/A View
N/A A Commentary A Comment -- General Comments From an Expert Market Call Tonight (BNN TV) 2015-01-28 $0.020

Economy. The biggest overriding macro question and trend right now is what Central Banks are doing in these currency wars. We have had 1.5 years where everything calmed down, and now all of a sudden Europe is popping up. You have negative interest rates in Switzerland and Germany as well as Japan. Those are really unusual situations. You have a major dysfunction and dislocation in Europe, both politically and economically. There is huge unemployment. There is a situation where all of these countries are trying to devalue currencies. It is very much like the depression era where people were trying to “beggar thy neighbour”. The strong US$ with Euro falling recently, is putting real pressure on. People are waking up to the fact that earnings growth is going to be a little bit slower and potentially quite a bit slower than what they had originally anticipated. With some of the earnings that are being announced, we are seeing pretty big headwinds. The US$ seems set to move higher mostly against the euro, and because the European authorities really want their currency to move lower. Federal Reserve Board hasn’t done anything to alleviate the concern, and will probably begin to raise interest rates. He thinks money is going to continue to flow into US$ investments.

John O'Connell, CFA NORTH AMERICAN - LARGE CAUTIOUS _N/A View
N/A A Commentary A Comment -- General Comments From an Expert Market Call Tonight (BNN TV) 2015-01-28 $0.020

Markets. 2 years ago he and a lot of others were saying to get out of Canada and buy US. The concerning issue right now is that for a year now everybody has been saying that the domestic economy is much stronger than the international economy, so a lot of people are focusing on those domestically oriented names. Because everybody is focusing on that, it becomes increasingly difficult to be finding real cheap value. These low energy prices are really starting to bite with job layoffs. As long as you pick good quality companies, and if you are patient, you are going to see some good value come to it.

John O'Connell, CFA NORTH AMERICAN - LARGE CAUTIOUS _N/A View
N/A A Commentary A Comment -- General Comments From an Expert Market Call Tonight (BNN TV) 2015-01-28 $0.020

How did you generate 9% in your cash holdings? Had made a conscious decision to pull his profits and money out of the Canadian equity landscape last year, and move it into US dollars. The Cdn$ depreciated by about 9%.

John O'Connell, CFA NORTH AMERICAN - LARGE CAUTIOUS _N/A View
COMMENT AC-T Air Canada (B) Market Call (BNN TV) 2015-01-28 $11.730

Likes turnaround stories. Had participated in this and did very well, but is out of it now. Thinks there is still probably more upside on the stock, but if you own, you might want to consider taking some profits. Their Rouge division should do quite well.

Fabrice Taylor NORTH AMERICAN CAUTIOUS No View
DON'T BUY AGF.B-T AGF Management (B) Market Call Tonight (BNN TV) 2015-01-28 $7.120

Not in complete financial distress, but have spent their cash reserves buying back stock over time. Their performance in the mutual fund business has been challenged and they have been losing assets. The revenue base has been going down, which impinges on their ability to pay out financing, so have been building up a little debt. They are going to be challenged because there are new regulations coming, where investment advisors are going to have to disclose all the fees that customers are paying. People are going to start to see how much money they pay into mutual funds. This will put pressure on sales or on fees. Either would be a negative for the company.

John O'Connell, CFA NORTH AMERICAN - LARGE CAUTIOUS Unknown View
COMMENT ALP-X Alabama Graphite Corp Market Call (BNN TV) 2015-01-28 $0.150

A very small resource play. A graphite deposit in Alabama. In a great jurisdiction, low cost, good weather and easy to get permitting there. Demand should grow with the increasing use of car batteries. Tesla is building a big battery plant in Nevada and will need graphite. Early stages. Highly speculative. If it works out, it has some serious upside. However, there is a lot of risk.

Fabrice Taylor NORTH AMERICAN CAUTIOUS Yes View
COMMENT AXP-N American Express Market Call (BNN TV) 2015-01-28 $81.730

Thinks we are in the late stages in the market, and he is not sure that you want to own any large caps trading at 14X earnings with a pretty small dividend yield. He would be very cautious on this. These things can go down a lot in a correction. Yield of 1.25% and he would stick with the companies that have a better dividend.

Fabrice Taylor NORTH AMERICAN CAUTIOUS No View
COMMENT BAC-N Bank of America Market Call Tonight (BNN TV) 2015-01-28 $15.200

US banks in general have been struggling under a lot of different things, such as regulatory penalties and increased costs. They just don’t seem to be able to get past getting sued by the government for one thing or another. Thinks the problem is going to become more and more acute.

John O'Connell, CFA NORTH AMERICAN - LARGE CAUTIOUS Unknown View
COMMENT BNS-T Bank of Nova Scotia Market Call Tonight (BNN TV) 2015-01-28 $62.520

Was always viewed as a low cost operator that didn’t pay their staff all that well and ran an amazing international franchise in Latin America. New management has taken out a lot of senior people very quickly, and that is making some people nervous. Has also been addressing some of the problems and concerns in Latin America, which has got people really worried. This is trading at a reasonable valuation. He likes what the new management is doing.

John O'Connell, CFA NORTH AMERICAN - LARGE CAUTIOUS Yes View
COMMENT CBX-X Cortex Business Solutions Market Call (BNN TV) 2015-01-28 $0.090

A web-based software for invoicing, which allows corporations to speed up the invoicing system processes. Has been a bit of a laggard for the last few years. He and his subscribers have bought a lot of the stock, because they think it is going to turn around. Not so much the business, because the business does quite well. Their revenues grew 45% in the last quarter. This is more of a stock turnaround. If they can turn it around and start producing profits and telling the story better, it has a very bright future. He has told his subscribers to bid up to $0.10, but don’t go beyond that and let the sellers come to them.

Fabrice Taylor NORTH AMERICAN CAUTIOUS Yes View
COMMENT CP-T Canadian Pacific Rail Market Call (BNN TV) 2015-01-28 $220.780

The stock chart looks like it is tapping out here. He would think that with a slowing economy, this will be affected. Have done a great job of improving the operating ratio, but there is only so much you can do. Not a stock that he would be particularly attracted to right now. Doesn’t think it has a lot of wind at its back.

Fabrice Taylor NORTH AMERICAN CAUTIOUS No View
TOP PICK CSCO-Q Cisco Market Call Tonight (BNN TV) 2015-01-28 $26.805

Thinks there is growth here. A rock solid balance sheet. He is a big believer in this internet of things and how more and more devices are going to be connected to the Internet, and this company is the major builder and supplier of a lot of those backbones. Trading at around 14 X next year’s earnings. Yield of 2.70%.

John O'Connell, CFA NORTH AMERICAN - LARGE CAUTIOUS Yes View
COMMENT EL-X Engagement Labs Inc Market Call (BNN TV) 2015-01-28 $0.550

A very, very early stage company, but also very interesting. They measure online mobile engagements. If you are an advertiser and you are doing mobile advertising, you want to know who you are reaching, how much time the spend, how valuable is your brand, etc. This is trying to fill that need. Similar to a Nielsen for rating of TV, etc. It attracts an amazingly qualified and well-known group of advisers. Has a good CEO. Not a lot of revenue yet, but when people in the industry decide they want to be part of it, they are probably on to something. Early stage but highly promising and interesting. Starting to rebound now.

Fabrice Taylor NORTH AMERICAN CAUTIOUS Yes View
COMMENT ELW-X Elkwater Resources Ltd Market Call Tonight (BNN TV) 2015-01-28 $0.110

He is a large shareholder and will be joining their board in February. He is very optimistic about the company. They are producing around 3000 barrels of oil a day. It is well financed and has very little debt. It can operate in $50 oil and stay in business without any problem. They are going to be huge winners on the backside of this oil situation when the crisis is over.

John O'Connell, CFA NORTH AMERICAN - LARGE CAUTIOUS Yes View
TOP PICK F.UN-T Fam REIT Market Call (BNN TV) 2015-01-28 $8.400

All of the REITs took a beating about 1.5 years ago when investor started worrying about higher interest rates. Then they had a bit of controversy about the sale of the management contracts. A lot of investors, institutional especially, bailed out and drove the stock price down. Doesn’t think interest rates are going to go up a lot. This yields 9.29%, and he thinks you will get this plus a little bit of capital gain as people accept this new management team. Balance sheet is very, very conservative. Not a lot of debt. He can see 20% gain in the next year.

Fabrice Taylor NORTH AMERICAN CAUTIOUS Yes View
HOLD IM-T IMRIS Inc. Market Call (BNN TV) 2015-01-28 $0.990

Manufactures surgical suite equipment. Did a financing and the insiders took the entire financing just before Christmas. Has never seen insiders take an entire financing and lose money. Because of this, he thinks it can go higher. Expect they are going to have a good year.

Fabrice Taylor NORTH AMERICAN CAUTIOUS Yes View
COMMENT ITP-T Intertape Polymer Group Market Call (BNN TV) 2015-01-28 $17.890

Came out with some mildly disappointing earnings, but it looks like most of it is temporary. It probably has a couple of dollars more to go over the next year or so. Has a little bit of a dividend, which will probably be increased. The real money has been made already, but if you are holding it for a rising dividend, you are probably going to be okay.

Fabrice Taylor NORTH AMERICAN CAUTIOUS Unknown View
PAST TOP PICK JBSS-Q John B. Sanfilipop & Son Market Call (BNN TV) 2015-01-28 $37.030

(A Top Pick Dec 10/13. Up 61.03%.) This was a great pick at the time. He sold most of his stock when it got into the low $40. They make and package nuts.

Fabrice Taylor NORTH AMERICAN CAUTIOUS Yes View
TOP PICK KDX-T Klondex Mines Ltd Market Call (BNN TV) 2015-01-28 $2.660

A small gold mining company in Nevada. They are cranking out cash even in the poor pricing environment. Now that prices are getting better, he thinks they become a pretty good take over candidate. At this stage in the market, you typically see the bigger guys buying reserves. Even if they don’t get bought out, it is an attractive stock.

Fabrice Taylor NORTH AMERICAN CAUTIOUS Yes View
PAST TOP PICK KEL-T Kelt Exploration Market Call Tonight (BNN TV) 2015-01-28 $5.880

(A Top Pick Jan 21/14. Down 45.4%.) Likes the management team very much. One of the lowest cost operators in the oil/gas sector. Have already announced a reduction in their CapX, and he imagines that they will do so again. They have an enormous amount of resource. Once oil/gas prices recover, these stocks are going to be back up in the teens.

John O'Connell, CFA NORTH AMERICAN - LARGE CAUTIOUS Yes View
COMMENT KEY-T Keyera Corp Market Call Tonight (BNN TV) 2015-01-28 $76.970

Exceptionally well-run. This is more of a processor so is less exposed to the energy price shock, but not completely unexposed. They have contracts with their gas production companies, who have to pay them whether they deliver fuel or not for processing. Well financed. Have some big growth projects that they may delay because of what is going on, but he doesn’t think so.

John O'Connell, CFA NORTH AMERICAN - LARGE CAUTIOUS Yes View
COMMENT LNKD-N LinkedIn Corporation Market Call (BNN TV) 2015-01-28 $220.460

He pays for their services and finds them mildly useful. The stock chart looks like a stock that wants to keep going up. He would guess it trades at a pretty rich valuation. His concern would be that people start getting fed up with the constant push to upgrade or they start increasing prices. Not a bad little business and it does fill a need.

Fabrice Taylor NORTH AMERICAN CAUTIOUS No View
PAST TOP PICK LOY-X Loyalist Group Limited Market Call (BNN TV) 2015-01-28 $0.490

(A Top Pick Dec 10/13. Down 16.92%.) Just bought a lot more this week. Met with the CEO and thinks things are going to gel for them this year. A rollup story where they are trying to consolidate the industry. Great revenue growth and makes good money, but institutions are not going to buy a stock where they think there is going to be financing. Company has had a knack of telegraphing financing, but CEO has said there will be no financing until the stock is significantly higher. Has a student housing initiative that the CEO is going to get aggressive with. Did a pilot program last year that did well. This will probably be a spinoff from the company, which he thinks will derive a lot of value.

Fabrice Taylor NORTH AMERICAN CAUTIOUS Yes View
TOP PICK MCD-N McDonalds Market Call Tonight (BNN TV) 2015-01-28 $88.780

Just removed the CEO. Company had been struggling, partially because their menus got too complicated. They are trying to rebrand their menus and make them simpler. Rock solid balance sheet. He thinks they are going to solve their problems. Has a 30 year track record of increasing dividends. Yield of 3.8%.

John O'Connell, CFA NORTH AMERICAN - LARGE CAUTIOUS Yes View
COMMENT MFC-T Manulife Financial Market Call (BNN TV) 2015-01-28 $20.300

Manulife (MFC-T) or Sun Life (SLF-T)? Both of these companies pay decent dividends in the 3%-4% range, but the business doesn’t seem to grow very much. They don’t do very well in a low interest rate environment. He would rather do something else with his money. Not his kind of investment.

Fabrice Taylor NORTH AMERICAN CAUTIOUS No View
PAST TOP PICK NBG-N National Bank of Greece SA Market Call (BNN TV) 2015-01-28 $1.030

(A Top Pick Dec 10/13. Down 82.90%.) This was a bet on a turnaround in the Greek economy. Instead they elected a party that could pull them out of the Euro entirely. He exited a while ago at a pretty stiff loss. He’s not going to make any more bets like this and will stick to his knitting.

Fabrice Taylor NORTH AMERICAN CAUTIOUS No View
COMMENT NRI-T Nuvo Research Market Call (BNN TV) 2015-01-28 $9.640

A drug company that has a commercial product that is selling. Also has a very interesting allergy drug they are testing in Germany. If they can come up with a really effective treatment, this stock is going to go a lot higher. Results from phase 2 clinical trials are out in a week or 2. He has done extremely well in this name. Be a little bit cautious until you see what the clinical results are, but this is a classic case of “buy on rumour and sell on news”. Have a pile of cash so the downside is pretty limited. If it works out, the stock is going to go much higher, but if it doesn’t the downside could be $6 only.

Fabrice Taylor NORTH AMERICAN CAUTIOUS Yes View
COMMENT PD-T Precision Drilling Market Call Tonight (BNN TV) 2015-01-28 $6.040

A name he would choose as a dividend paying driller would be Canelson Drilling (CDI-T). Precision is going to be a survivor. If this cycle persists much longer, drillers are going to continue to see further weakness. His sense is that when energy prices start to bounce, you are going to get the 1st response in the exploration/production companies, and there will be a delayed response in the drillers. Company has quite a bit of debt, and if he were them he would reduce the dividend.

John O'Connell, CFA NORTH AMERICAN - LARGE CAUTIOUS Unknown View
COMMENT PHM-X Patient Home Monitoring Market Call (BNN TV) 2015-01-28 $0.950

Just reported and earnings were very good. He made a call to Sell, not because he didn’t like the company, but just because he had done so well. He was up as much as 1500%, so he took profits. If you are new to the story, it is a fine Buy today. For him, he has new ideas coming out to make sure his subscribers have the cash to buy them. The company is very good.

Fabrice Taylor NORTH AMERICAN CAUTIOUS No View
SELL POT-T Potash Corp of Saskatchewan Market Call Tonight (BNN TV) 2015-01-28 $45.360

An industry that analysts have said would be a big growth area, because of a shortage of potash. However, it is remarkable how easy it has been for them to bring forth production when demand increases, so he wouldn’t look for a big increase in the underlying commodity. While the Cdn$ has fallen, it is still pretty rich against some of the countries that purchase potash. He would be inclined to Sell the stock.

John O'Connell, CFA NORTH AMERICAN - LARGE CAUTIOUS No View
COMMENT QBR.B-T Quebecor Inc (B) Market Call (BNN TV) 2015-01-28 $32.150

Thinks they will benefit from the government’s push to introduce a 4th wireless contender.

Fabrice Taylor NORTH AMERICAN CAUTIOUS Yes View
PAST TOP PICK RMP-T RMP Energy Market Call Tonight (BNN TV) 2015-01-28 $4.010

(A Top Pick Jan 21/14. Down 31.8%.) The company has done everything they said they were going to do. They made their production numbers, ran their balance sheet in a good consistent way and have very profitable wells. Well respected management team. He completely underestimated the full extent of the tumble in oil prices.

John O'Connell, CFA NORTH AMERICAN - LARGE CAUTIOUS Yes View
COMMENT RY-T Royal Bank Market Call Tonight (BNN TV) 2015-01-28 $73.930

Do you think this and other banks are in for a significant tumble, and should they be sold now? Canadians historically have very, very large exposure to debt. It would have to be really, really bad for a significant period of time for the banks to have to cut their dividends. Their payout ratios are fairly reasonable. They continue to be well capitalized from a global perspective. The biggest risk that Canadian banks have is to car loans and small businesses, particularly out West.

John O'Connell, CFA NORTH AMERICAN - LARGE CAUTIOUS Unknown View
COMMENT SCL-T Shawcor Ltd. (A) Market Call Tonight (BNN TV) 2015-01-28 $35.600

With its exposure to the industrial space, especially energy, it is going to have a tough time for a good year or two. If you have owned for a long period of time and have a good cost basis, he would ride it out. These industrial companies are going to be the last ones to bounce the most, when there is a recovery in capital spending, particularly in the energy space. A well-run company and well respected.

John O'Connell, CFA NORTH AMERICAN - LARGE CAUTIOUS Unknown View
COMMENT SCR-X The Score Inc. Market Call (BNN TV) 2015-01-28 $0.530

Has done okay and thinks it is going to keep doing well. Loves the management team. They put their own money into the stock and they are delivering. Added a lot of users and are continuing to add users. Believes an analyst report said that 100% of their increase in incremental revenue went right to the bottom line. That is a beautiful platform to create earnings from. Thinks it has a lot of legs. Now they are getting into fantasy sports. If the ever do legalize sports betting, this company is in the sweet spot.

Fabrice Taylor NORTH AMERICAN CAUTIOUS Unknown View
COMMENT SGY-T Surge Energy Inc Market Call Tonight (BNN TV) 2015-01-28 $2.390

Recently cut their dividend, which should have been done a long time ago. This is one of the companies that have been promising a free lunch of increasing dividends and increasing production. What they have actually done is gone out and bought production and financed it through issuing equity. They held on paying out a dividend longer than they should have. The company is going to survive, but it has really damaged their balance sheet. If you are holding it for yield, you have to be very careful because the dividend could go, but that could be a good thing.

John O'Connell, CFA NORTH AMERICAN - LARGE CAUTIOUS Unknown View
COMMENT SLC-X SLYCE Inc. Market Call (BNN TV) 2015-01-28 $0.690

Has a technology that is supposed to recognize images and tell you what they are. A very powerful sales tool if you can get it to work. It didn’t work very well when he tried it, and he doesn’t know if they have improved it or not. Has a pretty big market cap, $80 million, but no revenue. They burned $3 million in their last quarter. If it works, it obviously has tremendous potential. He would be cautious.

Fabrice Taylor NORTH AMERICAN CAUTIOUS No View
COMMENT SLF-T Sunlife Financial Market Call (BNN TV) 2015-01-28 $38.440

Manulife (MFC-T) or Sun Life (SLF-T)? Both of these companies pay decent dividends in the 3%-4% range, but the business doesn’t seem to grow very much. They don’t do very well in a low interest rate environment. He would rather do something else with his money. Not his kind of investment.

Fabrice Taylor NORTH AMERICAN CAUTIOUS No View
TOP PICK SPN-X Snip Interactive Inc Market Call (BNN TV) 2015-01-28 $0.750

Not that liquid, so put in bids but don’t chase it. Look at this in 4 months. They are doing a massive financing, and that is 4 months held paper. In 4 months it comes off restrictions and there will be much more stock available. The company basically helps brands market their goods. For example Kraft (KRFT-Q) could say “Buy catsup and you’ll get free Cool Whip.” Today, you have to cut some UPC code, get your receipt and mail it in. This company makes it a lot easier to do it with your phone. You just take a picture, receipt, UPC code, send it in and they validate it and take care of everything. Way cheaper for the brands, way more out take. Stores, consumers and brands love it. The brands also get data from this. The uplift to the NASDAQ will bring a tremendous amount of interest to this.

Fabrice Taylor NORTH AMERICAN CAUTIOUS Yes View
PAST TOP PICK SWK-N Stanley Works, The Market Call Tonight (BNN TV) 2015-01-28 $90.510

(A Top Pick Jan 21/14. Up 14.33%.) Besides being a housing play, they have a security system area, which has been doing quite well. A well-run company. They have been consolidating the tool business globally. Good solid balance sheet. Still likes the story very much.

John O'Connell, CFA NORTH AMERICAN - LARGE CAUTIOUS Yes View
TOP PICK SYK-N Stryker Corp. Market Call Tonight (BNN TV) 2015-01-28 $92.750

Joint replacements. A great international growth story. The rising middle class globally will be spending more money on health care, so it is a good longer-term global story. Strong balance sheet. Very high return on equity at around 18%-19% consistently. Growing their dividend at around 25% compounded over the last 3-4 years.

John O'Connell, CFA NORTH AMERICAN - LARGE CAUTIOUS Yes View
DON'T BUY TKM-T Tekmira Pharmaceuticals Market Call (BNN TV) 2015-01-28 $31.850

They are known for their Ebola treatment but people lost interest in them and the stock started to sell off. They then made a deal, but he wonders if it was made in order to prop up the share price. Wouldn’t Buy the stock here as it is pretty expensive and it is not proven yet.

Fabrice Taylor NORTH AMERICAN CAUTIOUS No View
HOLD URI-N United Rentals Market Call Tonight (BNN TV) 2015-01-28 $86.260

In many respects this is getting tarred with the Caterpillars (CAT-N) of the world. People are worried about a slowdown. US economy is doing very, very well and he thinks you are going to see an increase in home construction, which should be a positive for this company. There is a perception that this company has a lot to do with the oil/gas business, which is the major problem the company is dealing with. Well-managed and has grown very well in the past. Pretty good balance sheet.

John O'Connell, CFA NORTH AMERICAN - LARGE CAUTIOUS Unknown View
HOLD VCM-T Vecima Networks Inc. Market Call (BNN TV) 2015-01-28 $10.350

This company basically makes cable equipment. A smaller company and very profitable. Thinks they have $50 million in cash. Has is done very well. Fantastic management team. They have some assets that are sellable, but not core to their business, and they’ll probably sell them. Has a little bit of a dividend and a ton of cash. It is more what happens outside their core business that he is interested in. Have some other businesses they are trying to grow and develop, which will eventually be spun out, if they are successful.

Fabrice Taylor NORTH AMERICAN CAUTIOUS Yes View
COMMENT VZ-N Verizon Communications Market Call (BNN TV) 2015-01-28 $46.050

Telecom is always a good business, so you should be fine on this. Decent yield of around 4.5%. You not going to make a lot of money on it, but if you are in for yield, it is fine.

Fabrice Taylor NORTH AMERICAN CAUTIOUS No View
COMMENT WCP-T Whitecap Resources Market Call Tonight (BNN TV) 2015-01-28 $11.230

Thinks they can sustain the current dividend yield. This has been one of the best run, dividend paying gas companies. Just cut their CapX spending again, down to around $200 million. They continue to demonstrate very prudent planning and are being very dynamic in the way they are trying to adjust to a highly volatile environment. Probably one of the better dividend paying oil/gas stocks to have.

John O'Connell, CFA NORTH AMERICAN - LARGE CAUTIOUS No View
COMMENT WFC-N Wells Fargo Market Call Tonight (BNN TV) 2015-01-28 $52.160

If he were to buy a US bank, this would be the one he would most likely buy. Very well-run. Has a lot of exposure to the housing market and he thinks the housing market will continue to recover. Has a good yield.

John O'Connell, CFA NORTH AMERICAN - LARGE CAUTIOUS Unknown View
COMMENT XLK-N SPDR Technology ETF Market Call Tonight (BNN TV) 2015-01-28 $40.020

Technology is one of the best areas to be focusing on. They have pretty high margins already and the good ones are growing their revenues quickly. Businesses have to invest in technology to remain competitive. With their rapid growth, they seem to be the best positioned to grow their way out of currency headwinds. The good tech companies are the ones that tend to have pricing power.

John O'Connell, CFA NORTH AMERICAN - LARGE CAUTIOUS Unknown View
COMMENT XSR-T Canadian Satellite Radio Market Call (BNN TV) 2015-01-28 $6.260

A great business, but he thinks they get a lot of their revenue from car sales. Every time somebody buys a car, they get an option to buy X-Sirius. It looks like car sales are kind of slowing down. He would be a little cautious on this.

Fabrice Taylor NORTH AMERICAN CAUTIOUS No View
N/A A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2015-01-27 $0.020

Why is there such a large market for low yielding bonds of 1% or less? The main answer is liquidity. In GICs, you are locking in your money. What if you need your money in 6 months time?

Joey Mack FIXED INCOME UNKNOWN _N/A View
N/A A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2015-01-27 $0.020

Interest Rates. The drop of interest rates by the Bank of Canada was a complete surprise. Feels it was the right move. With the situation on real estate in Alberta and the job losses, the move was prudent to prime the pump a little bit. It was a little insurance to help release a little more growth. Expects there will be at least one more cut, if not 2, given the way the market is moving right now. We had a pretty big miss on inflation numbers on Friday when that number started to tick down, Bank of Canada’s primary responsibility is maintaining inflation in the 1%-3% range. Thinks employment numbers in January will not be good.

Joey Mack FIXED INCOME UNKNOWN _N/A View
N/A A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2015-01-27 $0.020

Bonds. Global government bond yields are at, or near record lows. However, you don’t want to not be in this market now, because when everything else falls apart, this is the market that is going to perform. From a diversification standpoint and your overall portfolio, you definitely want to have some government fixed income and some long-term bonds to balance out the rest of your returns. It has really been a capital appreciation game for the last several years, and he thinks this can continue. In the long run, he thinks the bond market will beat cash. Compared to Europe and Japan, we can still move quite a bit lower, and still generate some pretty good returns for your portfolio. He is more inclined towards corporate and provincial.

Joey Mack FIXED INCOME UNKNOWN _N/A View
N/A A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2015-01-27 $0.020

What do “D+18” and “FF” mean in corporate bonds? FF is a “Fixed Floater”, which means you have a fixed coupon for the 1st period, after which you have a floating coupon. A pretty complex security, so this is one where you want to talk to your advisor to make sure you know what you are getting into. In Canada the “Fixed Floater” typically gets called. In Europe and America it is not so much the case. Those Fixed Floaters are subordinate bonds of the financial companies, not senior credits. The D+18 means the issuer can Call that bond at any time. They take the then Canada yield at 18 basis points to generate a new price. Typically the 18 basis points is well below what the bond was issued at. This rarely, rarely happens.

Joey Mack FIXED INCOME UNKNOWN _N/A View
N/A A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2015-01-27 $0.020

3-12 month effects from the recent Bank of Canada rate cut and the European Quantitative Easing on Canadian markets? In his opinion, a lot of the rally in the equity markets has been driven by central bank policies. They have inflated asset prices, and equity markets are one component of that. The European move probably makes Canada look more attractive as a place to invest in. However, Canada is cutting rates because they see sliding growth, which is generally not good for corporate earnings or equities. He doesn’t think rate cuts are going to help drive the TSE further.

Joey Mack FIXED INCOME UNKNOWN _N/A View
BUY A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2015-01-27 $0.020

Ontario government bonds? This is probably the credit to Buy right now when you look at what is available. BC, Alberta and Saskatchewan trade at well below what Ontario does. Ontario and Manitoba are the ones that you want to look at right now.

Joey Mack FIXED INCOME UNKNOWN Unknown View
N/A A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2015-01-27 $0.020

Are Strip Bonds a viable investment option? Canada has one of the most well-developed strip bond markets in the world right now. Effectively you are going from an interest bearing instrument to a compounding instrument. For example, you are buying $100 that comes due in 2025, and today you only pay $.70 on the dollar for that. It’s a great way to lock in a rate of return and a great way to compound your interest in a tax-exempt account. You don’t want to do this in a taxable account as even though you are not receiving any interest, you have to pay tax on it every year.

Joey Mack FIXED INCOME UNKNOWN _N/A View
PAST TOP PICK A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2015-01-27 $0.020

(A Top Pick Feb 24/14. Up 13.17%.) Ville de Montreal 3.5% Sep 1, 2023. This one outstripped what the overall market did. This still looks relatively cheap compared to provincials.

Joey Mack FIXED INCOME UNKNOWN Yes View
BUY A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2015-01-27 $0.020

Rate reset preferreds? The preferred share market is very cheap right now. They really haven’t followed the rally in bonds at all. These are perpetual securities. As much as they have lower interest rates (because a dividend does reset every 5 years), it comes along with some Call risks and a lot of credit risks, because it could remain outstanding forever. They are a good investment, and up to 25% of your fixed income portfolio could be in these. You want to hold them in your taxable portion because of the advantages of the dividend tax credit. Be selective and stay with investment-grade of P2 or better.

Joey Mack FIXED INCOME UNKNOWN Unknown View
N/A A Commentary A Comment -- General Comments From an Expert Market Call Tonight (BNN TV) 2015-01-27 $0.020

Markets. People were hoping they could finish 2014 with some great holdings and some great returns that they had had for the whole year. The minute the calendar changed, there was a big repositioning amongst a lot of money managers, and this is having a lot of repercussions now. If you look back 30 years at the Canadian market, there were 3 major eras. 1.) There was the whole restock piling of China in the last 7 years and we outperformed the S&P 500 for some period of time. 2.) There was the whole restocking in the 80s as well as some of the postwar periods as well. The commodity cycle was starting to show a lot of weakness about 3 years ago. 3.) This then started showing up in stock prices and in oil, probably in earnest about a year ago. We are now at a point where if oil can consolidate here and give us some breathing room for a little while, we might see a bottoming process here. With the extra drop-down in the Cdn$ after the bank announcement, we are getting an equilibrium here where the question is, do you want to buy a beaten up Canadian infrastructure stock or do you want to convert the currency, hope for some more downside in the Cdn$ and maybe pick up a US bank or a US growth name. This makes it even more confusing for portfolio managers and investors.

Mike S. Newton, CIM FCSI NORTH AMERICAN - LARGE & ETFs CAUTIOUS _N/A View
N/A A Commentary A Comment -- General Comments From an Expert Market Call Tonight (BNN TV) 2015-01-27 $0.020

Should I purchase US stocks in US$ or Cdn dollars? He would prefer the US market and a majority of the US names over the Canadian names. Staying in US$ and the US market is still preferable. However, the marginal benefit for the average investor is getting a little long in the tooth.

Mike S. Newton, CIM FCSI NORTH AMERICAN - LARGE & ETFs CAUTIOUS _N/A View
BUY AAPL-Q Apple Market Call Tonight (BNN TV) 2015-01-27 $109.140

Half the people think the iWatch is going to be a flop and the other half thinks it is going to be one of those sneaky hits that people just can’t live without. He thinks the stock will trade up because 1) most of the analysts are behind the ball on this and they’ll all raise their targets next week, and he thinks it trades up to $120 in the 1st quarter. The iWatch is coming out in early April, later than everybody expected. A very defensive name to him.

Mike S. Newton, CIM FCSI NORTH AMERICAN - LARGE & ETFs CAUTIOUS Yes View
PAST TOP PICK ATD.A-T Alimentation Couche-Tard (A) Market Call (BNN TV) 2015-01-27 $47.770

(A Top Pick Feb 24/14. Up 9.48%.) Nov 1, 2019, 3.19%. At that time, he was a little nervous about rates rising which is why he went for the 5 years. Also, on a spread basis, he thought it looked pretty attractive.

Joey Mack FIXED INCOME UNKNOWN Yes View
PAST TOP PICK ATD.B-T Alimentation Couche-Tard (B) Market Call Tonight (BNN TV) 2015-01-27 $47.600

(A Top Pick Feb 6/14. Up 75.43%.) The Pantry acquisition made a lot of sense. It is amazing to see a Canadian company that is so well regarded globally. He still buys this when new money comes in to his accounts. Not too late to get into it.

Mike S. Newton, CIM FCSI NORTH AMERICAN - LARGE & ETFs CAUTIOUS Yes View
COMMENT AXP-N American Express Market Call Tonight (BNN TV) 2015-01-27 $82.400

This is not growing at the same massive rate that you are seeing with Visa (V-N) and MasterCard (MA-N). The issue is that they want to keep their service level very high and they want to cater to the elite high end customer, so they really have to walk a fine balance between cutting costs. Their mobile initiatives are excellent. They are also doing Optblue, going after the small merchants, which could be very large. Valuation is pretty attractive versus its 2 rivals. Owning all 3 would not be a bad play either.

Mike S. Newton, CIM FCSI NORTH AMERICAN - LARGE & ETFs CAUTIOUS Yes View
PAST TOP PICK BA-N Boeing Market Call Tonight (BNN TV) 2015-01-27 $132.480

(A Top Pick Feb 6/14. Up 10.54%.) They capitalized a lot of the costs in building the 787’s, and now they are delivering them. The backlog goes out years. The cash flow will be astounding. They are going to have to do something with that cash and he imagines that it will be returned to the shareholders through buybacks or an increase in the dividends. This is an absolutely phenomenal core holding to have.

Mike S. Newton, CIM FCSI NORTH AMERICAN - LARGE & ETFs CAUTIOUS Yes View
DON'T BUY BBD.B-T Bombardier Inc (B) Market Call Tonight (BNN TV) 2015-01-27 $2.790

This has been really frustrating for a lot of Canadian investors. They have just come up with a pretty major announcement on shelving their project and laying off people. Wait until it starts to turn up before thinking about buying.

Mike S. Newton, CIM FCSI NORTH AMERICAN - LARGE & ETFs CAUTIOUS No View
DON'T BUY BBD.PR.C-T Bombardier Inc Market Call (BNN TV) 2015-01-27 $17.270

What are the chances of the dividend being cut? They are cumulative, so does this is help the situation? Because they are preferred, the company cannot just cut dividends. These shares have to be paid 1st and then the common shares afterwards. The fact that they are accumulative is also positive. They don’t have to pay you a dividend in a quarter, but if they don’t they still owe you the money and it accumulates over time. The risk is what if this company defaults, which could very well happen with this company? It is currently well into junk territory.

Joey Mack FIXED INCOME UNKNOWN No View
BUY BLK-N Blackrock Inc. Market Call Tonight (BNN TV) 2015-01-27 $351.480

Doesn’t follow this closely, but would be absolutely happy to continue holding if he did own it. He continues to like their iShares ownership franchise. He wouldn’t be afraid to pick it up here and hold for a while.

Mike S. Newton, CIM FCSI NORTH AMERICAN - LARGE & ETFs CAUTIOUS No View
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