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

A Comment -- General Comments From an Expert Stock Symbol: A Commentary

Notes:Sometimes an expert talks about things other then a particular stock. We think it may be useful to include it, so this is the spot we use.

Last Price Recorded: $0.0200 on 0000-00-00

Date Signal Expert Opinion Price
2017-09-19 N/A Nick Majendie

Market. Last year, Canada was the best performing of all the developed nations in terms of our equity market. This year it is very definitely the other way. The big question is, where do we go from here. He is optimistic on the Canadian market over the next 6-12 months, principally because he is convinced we will see an improvement in oil prices that will help the energy sector. If you adjust for the change in our currency, performance has been just about the same to a Cdn$ investor as the S&P, despite the TSX lagging the S&P 500. Thinks we will see definite signs of the oil market tightening in the 4th quarter, and can see it hitting $60 in the next 6 months. Some of the numbers in the US are understated, and are constantly being revised. A very critical point was yesterday when Brent demonstrated backwardation for the 1st time since 2014, which means hedge funds will begin to look at taking long positions if that continues. He likes Canadian bank stocks very much, and is overweight in them. Results have been very good year to date. They are cheap relative to US banks, and represents good value.


Price:
$0.000
Subject:
CANADIAN LARGE
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
_N/A
2017-09-18 N/A Larry Berman CFA, CMT, CTA

Markets.  Everyone is wanting to buy into dips but the markets keeps grinding higher.  He does not think the valuations are attractive however.  Quantitative tightening could be negative for markets.  It is huge to the markets that Trump brings tax reform.  Perhaps we will get a ‘sell the news’ impact. 


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2017-09-18 N/A Larry Berman CFA, CMT, CTA

Infrastructure ETF recommendation.  He is not sure there is one that is hedged to the Canadian dollar.  A lot of ETFs leave out the engineering companies.  ZGI-T and CIF-T are two Canadian ETFs but are not hedged.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2017-09-18 N/A Larry Berman CFA, CMT, CTA

A full cost mutual fund is probably 2.5-3% cost.  You get active management.  An index ETF is lower cost but you don’t get the active management.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2017-09-18 N/A Larry Berman CFA, CMT, CTA

Educational Segment.  (weekly series) What Investor Personality Are You?:  2. The Preserver / Conservative.  They have typically done well in their business or career and have always been conservative.  As they get older they get TOO conservative.  They tend to have more fixed income.  Over the last 30 years they would get 6-7% returns.  Over the next 10 years you are looking at a return of 2.5% before fees with higher risk.  He does not think you can re-think what kind of investor you are. 


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2017-09-18 N/A Larry Berman CFA, CMT, CTA

Move mutual funds to a Canadian Bank ETFs? It is not a good idea to concentrate your portfolio into one sector.  You should be globally diversified also.  ZWU-T gives you utilities and telcos.  It is 20% global.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2017-09-18 N/A Josef Schachter

Oil a year from now.  It will bottom late in the year and then the question is what the weather will be like.  If we had a cold winter the price of oil can react quite quickly to the upside, as well as Nat Gas.  He thinks tax loss this year will be severe.  Then we get $60 oil by Q3 and $80 in 2020 (WTI).  You would need a major disruption of supply for oil to go higher.  He thinks he will make November buy recommendations.


Price:
$0.020
Subject:
ENERGY & ENERGY SERVICE STOCKS
Bias:
BEAR on OIL
Owned:
_N/A
2017-09-18 N/A Josef Schachter

Big Oil Companies and Electric Cars.  We need electric cars because we cannot find enough oil otherwise.  Oil will still be used in trucking, rail and so on.  We need a third of the vehicles on the road to be electric.  They are not a competitive threat.


Price:
$0.020
Subject:
ENERGY & ENERGY SERVICE STOCKS
Bias:
BEAR on OIL
Owned:
_N/A
2017-09-18 N/A Josef Schachter

Markets.  The case for the bulls: (1) The EIA said in the second quarter demand was stronger than expected; (2) OPEC wants to extend the 1.2 Million barrel a day cut past the end of Q1; (3) The Hurricane has impacted US supply; (4) US production has been flat for 5 months.  But then if you go into the data, he is bearish because of OPEC numbers.  They put in their quota in Q1 2017 as 32.1 Million barrels.  Lybia had a disruption earlier but now have 300,000 more coming on by year end.  Nigeria raised production by 138,000 and are talking about going much higher by year end.  The OPEC numbers are just talk.  We are looking at less demand for oil in North America going into the fall.  Numbers should go up seasonally.  Stocks usually bottom in mid November into December.  He is looking at what happened in ’06 and ’08 to oil and/or oil services stocks.  He suggests that you let the first 10% go to make sure oil stocks are really going up.  He sees a $42 oil price in October and perhaps going down to the $30s later in the year due to inventory builds.


Price:
$0.020
Subject:
ENERGY & ENERGY SERVICE STOCKS
Bias:
BEAR on OIL
Owned:
_N/A
2017-09-18 N/A Jason Del Vicario

Market. This is the 3rd largest bull market in history. We would be silly not to have a little cause for concern, given how long this bull market has been going on. He keeps a close eye on the yield curve, and an inverted yield curve has been a very good indicator of an impending recession. The inversion of the yield curve generally leads the recession by about 12 months. Based on his math, we are probably about 3-4 rate rises away from that happening, which in itself would probably take about one year. With that, we are probably 18-24 months away from the next recession, and he is cautiously optimistic as the equity markets seem to be quite strong lately. He is seeing short term rates rising more quickly than the 10 or 30-year, an indication of a much larger macro environment where growth is really slow. We are not seeing that in Canada in the short term, but there is a whole slew of reasons why world macro growth is likely to keep trending lower. In that environment, 10-year and 30-year rates will drop. Warren Buffett has suggested that if we are in a lower for longer interest rate environment, he believes markets are cheap, and has been putting cash to work in the market, which is really at odds with him being a value kind of guy.


Price:
$0.020
Subject:
NORTH AMERICAN (GROWTH)
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
_N/A
2017-09-15 N/A Eric Nuttall

Energy. It feels like we are pretty close to a time of maximum despair in energy stocks. They’re under owned and people just don’t want to touch them. There have been many false starts this year, but this week is the first time in a very long time where things are starting to feel better. Not only do we have the combination of a few different agencies asserting their bullish thesis on oil that the market is tightening, but OECD surplus inventories have fallen by about 44%. We’ve had cuts in US growth rates and evidence of plateauing in US production in the past 5 months. This is an area that is massively undervalued, stocks are trading at half of their historical multiples and good fundamentals that are now improving, and there are now people starting to recognize that.


Price:
$0.020
Subject:
ENERGY
Bias:
BULLISH on ENERGY
Owned:
_N/A
2017-09-15 N/A Dennis da Silva

Market. The Canadian economy has had a good first half, certainly leading the G8 in terms of GDP growth. That ultimately translates into earnings for companies. In the US, Q2 was very strong, but he expects a little softening in Q3 because of hurricanes, but balancing in Q4 and Q1 of next year. Canada will benefit from those tailwinds as well as organic growth. Thinks we can expect better things from base metals and oil. We have seen the bottoming out for something like base metals, which has been the best return in the resource space, led by things like copper, zinc, iron ore and met coal. We can build on that. Sees better things for oil into 2018. Conditions have stabilized for things like oil, which is a big driver for Canada. We can build from that base as global GDP continues to improve.


Price:
$0.020
Subject:
RESOURCE
Bias:
OPTIMISTIC
Owned:
_N/A
2017-09-15 N/A Dennis da Silva

Gold has already passed over $1350, but resource stocks haven’t shown good performance. Why? Last year there was a good break out where gold stocks outperformed the price of gold. This year gold is up about 15% year to date, versus the global gold index which is up about 7%. Some of that he would attribute to just the nature of the move in gold. A little more concern in the world has created some move into the price of gold. Believes part of this has to do with if the market believes in the sustainability of the gold prices north of $1300. He is more focused on what companies are doing, and not worried about the price of gold. Eventually, if the market sees discipline continue, equities will outperform the underlying commodity on a more sustainable basis.


Price:
$0.020
Subject:
RESOURCE
Bias:
OPTIMISTIC
Owned:
_N/A
2017-09-14 N/A Paul Macdonald

Market.  He is not so much into single drug companies that are into single home runs.  He likes diversified healthcare companies.  Companies have not traded at a discount to the markets since ’08.  Companies are chugging forward and improving.  We are seeing a pinnacle coming of the $billions in spending of R&D and we will see the benefit for the next couple of years.  3 to 5 years out we are past the patent cliffs of the past.  He follows some of the healthcare REIT large caps in the US and few of the smaller in Canada.


Price:
$0.200
Subject:
HEALTHCARE
Bias:
SELECTIVE
Owned:
_N/A
2017-09-14 N/A Bruce Campbell (2)

Economy. Economic indicators have been streaming fairly strong through the last 18 months or so, and he can see them strengthening here. He likes to watch the City Economic Surprise Index. It tends to move in waves which are probably 6 to 9 months long. We are about 3 months into the up wave, so we have about another 6 months to go to see what happens on the down wave. Has moved to a defence positioning back in March, based on a lot of the market technical indicators. Lately, he started seeing some of the shorter and leading indicators starting to improve. This is probably around sector rotation as well as relative valuation between Canada and the US. He was about 40% cash 6 weeks ago, and is now about 25% cash.


Price:
$0.020
Subject:
CANADIAN
Bias:
OPTIMISTIC
Owned:
_N/A
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