Viewing Expert Larry Berman CFA, CMT, CTA | StockChase
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Compiling comments that experts make about stocks while on public TV.

Viewing Expert

Larry Berman CFA, CMT, CTA , Chief Investment Officer, Partner

ETF Capital Management Inc.

Address
5160 Yonge St. Suite 1860
Toronto, ON
M2N 6L9

Contact Info
Telephone: 888-383-9753
Fax: 888-383-9753
Website: http://www.etfcm.com


Date Signal Chart Symbol Company Opinion Price
2017-08-21 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. We are not expecting to get a statement on central banks unwinding quantitative easing, but rather tightening. We are expecting to hear, however, how they are planning to unwind their balance sheets in the future. The markets are starting to respond to some of these negatives. Japan has a deeply struggling economy. They are buying equities and bonds.  He thinks we are heading down the path of what Japan has had to do.  This is playing out over decades. It has to do with the aging demographic.  Bannon out of the Whitehouse: he was the worst part of the election process.  It bought all the worst to the surface including hate.  He is not sure it will fix anything, but it is a step in the right direction.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2017-08-21 BUY Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Smart ETFs.  In the BMO world they have two niche areas.  (1) Low volatility, low beta.  (2) A couple of years they got into the quality factor space.  When you pay a fee you expect them to pick the best quality companies.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2017-08-21 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

A Correction. Volatility is at an all time high in the US.  We get corrections all the time.  He has never said we are going to have a 30-40% bear market, however last year from 2015 highs to lows in 2016, small caps were down 20% in the US so that is a pretty material correction.  We have not had a broad correction in a long time.  Calling a top is hard and he never does that.  He says he is concerned and it is time to shift the portfolio to more defensive stocks, and ETFs that use covered call strategies.  It is about asset allocation and sector diversification.  Nobody knows when the top is in.  He does not like what he sees over the next couple of years and so is defensive in the way he runs his portfolios.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2017-08-21 BUY Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Pipeline ETFs.  His favourite way to play utilities is ZWU-T, 80% Canada and 20% US.  It has generators, telecoms and pipelines. It has a covered call overlay, enhancing the yield. It is very diversified over the couple of sectors.  He prefers this to picking individual pipelines.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2017-08-21 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Educational Segment.  Financial Astrology.  A study that went back to look for correlation between solar eclipses and stock market performance said that there is none.  There are all kinds of financial astrologers.  One newsletter makes market calls off astrology and he does not give it weight.  There are all kinds of academic studies. The more sun there is the better markets do. There is correlation, but not causation.  That is the ultimate question. There is a guy who correlates full moons to markets with the idea of disproving any and correlation he could not disprove it. Gold tends to either change or accelerate in a full moon.  He recommends you don’t pay attention to it. Markets like wheat and corn are influenced by weather which is influenced by tides and those by the moon, so you have to be careful of that.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2017-08-21 BUY on WEAKNESS Must be logged in to use chart GILD-Q Gilead Sciences Inc.

It has broken out of the 200 day moving average recently.  As long as during any pull back that it holds the 200 and 70 day moving averages, we could expect to see some improvement.  We could bounce up to about $80 before we struggle again.  If it does not hold the $70 then get out.


Price:
$72.600
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-08-21 BUY on WEAKNESS Must be logged in to use chart IPL-T Inter Pipeline

You have to go back a couple of years to look for support.  The lows in the low $20s should be good long term support.  We could get down there.  Don’t buy a stock just for the yield.  There are risks like the IPL-T spill that come along.  He would add to it here.  Resistance would be about $30.


Price:
$22.350
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-08-21 BUY on WEAKNESS Must be logged in to use chart SHOP-T Shopify Inc.

It is tremendously volatile.  We had a pop a number of months ago.  He suggested at the time that you start playing with options.  This might be just a consolidation.  He is cautious on this one.  Buy into weakness, but don’t chase breakouts, although that is just part of his style of investing.  If it breaks support you have to think it is heading into a lower area.


Price:
$121.150
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-08-14 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  We are seeing an equity rebound as we saw nothing over the weekend.  Nobody knows what the odds are of a much larger correction.  If you look at the Cuban Missile Crisis, the market was down over 20%.  This is the best example that is similar to the North Korean Issue.  In all likelihood we are not going to get to the crisis, but the markets may react.  Europe has started to underperform because of the strength of the Euro.  Their index hit a key technical level last week.  (See UUP-N).  In all likelihood the US$ gets a technical bounce.  He thinks we will settle into a new trading range.  The Canadian dollar will probably not get too much stronger than it is now.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2017-08-14 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Education Segment.  Market Sell-Offs.  Every time we get a pullback we make a higher low followed by a higher high in the S&P.  The Russell 2000 has been testing support.  Until it breaks $133 we won’t have a technical breakdown.  The average stock is weakening, but it is not until the market breaks support that we will have a problem.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2017-08-14 COMMENT Must be logged in to use chart ALA-T Altagas Ltd

There is some regulatory uncertainty as to whether their acquisition in the US will go through.  The drop in stock price has boosted the yield.  He thinks you are pretty close to the bottom so there is a value element to it.


Price:
$27.980
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-08-14 COMMENT Must be logged in to use chart DFN-T Dividend 15 Split Corp.

Banks, insurance companies, pipelines – all the big dividend payers.  He does not mind owning any of these things.  It is diversified among a couple of sectors.  He has no strong opinion either way.  Not a bad buy below $11.


Price:
$10.740
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-08-14 DON'T BUY Must be logged in to use chart GE-N General Electric

It is down this year where as the DOW is up, so there is something wrong with it.  Generally they track closely, but now they have diverged massively.  Sometimes GE-N leads the DOW so could be indicating a general market correction.  ZIN-T is an equal weight industrials in Canada and would be an alternative.  It’s rather like a GE-N.


Price:
$25.360
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-08-14 DON'T BUY Must be logged in to use chart XCV-T iShares DJ Canadian Value ETF

XCV-T vs. XEI-T.  XEI-T is a high dividend strategy.  XCV-T is a value approach.  XEI-T has 24% exposures to each of pipelines and banks.  XCV-T has 31% in banks and oil/gas at 16% and these are the major differences.  Neither one is particularly good value, but he would go for XEI-T at the moment.


Price:
$24.970
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-08-14 DON'T BUY Must be logged in to use chart XEI-T iShares S&P/TSX Equity Income

XCV-T vs. XEI-T.  XEI-T is a high dividend strategy.  XCV-T is a value approach.  XEI-T has 24% exposures to each of pipelines and banks.  XCV-T has 31% in banks and oil/gas at 16% and these are the major differences.  Neither one is particularly good value, but he would go for XEI-T at the moment.


Price:
$21.050
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
Showing 1 to 15 of 2,341 entries
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1 Comment

raziel

April 3rd 2015 at 8:48am

My preferrers have come down substantially as a result of lowered bank rates, I believe. Shouldn't an instrument with a fixed rate go UP when bank rates are lowered?


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