Viewing Expert Larry Berman CFA, CMT, CTA | StockChase
stockchase picture

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
2017-01-16 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  Brexit news is coming tomorrow from Britain.  Brexit is part of the shift to the right and it shows that people don’t want globalization any longer.  You have to understand what it means for growth and volatility.  It is a headwind.  It will be good for British exports, but if you invest in the UK, you better buy the hedged version of the ETF.  Trump is protectionist.  We are just beginning to see what this means on a trade basis.  He thinks it will allow not more than 2% growth in the US GDP.  The banks have had a big run up and he sees a sell-the-news happening soon.  There have been some misses and we have to watch for those.  Inauguration of Trump happens this week and you have to look at seasonally patters for the last 60 years, post inauguration day.  You don’t have much growth on average for the rest of the year.  A lot of news is priced into the market.  You have to play defense.  A post inauguration correction is expected.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2017-01-16 BUY Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Educational Segment.  Smart Beta ETFs.  Sustainable yield.  High dividend stocks can’t usually sustain the high dividends.  Sphere’s strategy aims to offer sustainable dividends.  You have to eliminate stocks from an ETF that can’t sustain high dividends.  They have a screen for these companies.  You lose a little yield, but greatly reduce volatility.  SHC-T is a Canadian sustainable high yield ETF.  They have US, Europe, Asian etc as well.  It is not always about the MERs. 


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2017-01-16 COMMENT Must be logged in to use chart HNU-T HBP NYMEX Nat'l Gas Bull+

Leveraged ETFs are toxic for long term holding.  The more volatile the underlying asset its, the more toxic it is.  It is great for short term trading.  You don’t go out and sit on this because the price of Nat Gas will eventually go up.  ZJN-T is a good one to sit on for Nat Gas exposure.  You can play it for a long period of time.


Price:
$11.260
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-01-16 HOLD Must be logged in to use chart SJ-T Stella-Jones Inc.

They had a disappointing forecast.  In the past year it sold off every time it got above $45.  At best it is a hold.


Price:
$39.500
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-01-16 SELL ON STRENGTH Must be logged in to use chart SLW-T Silver Wheaton

Silver Technicals: It is a speculation on money, inflation and so on.  Gold broke $1200 support recently, so we will see some resistance at $1250 soon.  He is out of all his gold shares.  He is inclined to sell into this pop a little bit.  He would then buy the dips after that.


Price:
$26.960
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-01-16 DON'T BUY Must be logged in to use chart ZPW-T BMO US Put Write ETF.

A put write strategy on a 100 of the best US companies across all economic sectors.  They have a pretty sustainable payout, but it is paid in US$.  It is not hedged.  They have filed a prospective on a hedged ETF that is similar.


Price:
$19.620
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-01-16 COMMENT Must be logged in to use chart ZWA-T BMO Dow Jones Indus. Avg. Hedge ETF

DOW mature blue chip companies with a covered call overlay.  ZPW-T or a hedged version, which is even better, would be better going forward.


Price:
$20.150
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-01-16 BUY on WEAKNESS Must be logged in to use chart ZWB-T BMO Covered Call Cdn Banks ETF

It has a covered call overlay.  A lot of good news is priced into the banks so he would not be chasing this one, but be a dup-buyer in the Canadian banks.


Price:
$18.710
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
No
2017-01-09 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  He is calling for a correction after the Trump rally.  Statistically, most times from the beginning of the year until some point later, you can buy the market cheaper than when the year first started (80% of the time).  US Earnings season gets ticking this Friday.  There has been a huge move in some of the banks since the election, looking at higher interest rates and deregulation.  The reality may be much different than the market is looking for.  Net interest margins will not be meaningfully impacted yet.  A year from now we will see the impact of interest rate increases.  Hopefully now banks will have freer use of their capital.  Are autos looking at trade wars – it has not come out except in the twittisphere.  Oil poked above $50 and shale producer rig count rose in the US.  Over the next 6 months it will go up to $56 and then will remain constant for 4 or 5 years.  It remains questionable whether OPEC can execute on their deal.  We have not seen the impact of Brexit and won’t for a year or two.  There will be a hard line on both sides as to what that looks like. 


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2017-01-09 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Educational Segment.  How to play the market if you are risk adverse in 2017.  Are Trump policies coming in or not?  Over the last 10 years the marginal tax rate for corporations has come down from 50% in 1955 to 35% recently.  Analysts expect 22% earnings growth from the S&P.  The PE of the S&P is 21 times.  It is a 23% world GDP economy.  The banks have been the big leader since the election.  It’s going to take a lot of interest rate hike to get the banks back to where they should be with interest rate spreads.  There is a new president, first term, new party.  The average pattern has half a percent gain.  We have already exceeded that.  The inauguration is pretty much the high point for the year.  Get into options late in the market cycle. 


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2017-01-09 BUY Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Income over two to three years.  There is a new ETF from BMO that is a high dividend ZWH-T (US) and ZWE-T (Europe) and also a Canadian one.  You will get 6-7% a year and he loves these in a defensive market.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-01-09 BUY Must be logged in to use chart GILD-Q Gilead Sciences Inc.

It has been in decline for a number of years but looks like it is forming a base.  (Analysts’ Target: $95).  It looks like it is fairly attractive, but he would sell after it got to $90.  If it keeps making lower lows and lower highs then you have to question it.


Price:
$75.840
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-01-09 COMMENT Must be logged in to use chart ICE-N Intercontinentalexchange Inc.

Analysts are looking at 5% revenue growth and more in earnings but he questions that.  The chart looks good with higher highs and lower lows.  (Analysts’ Target: $65).


Price:
$57.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-01-09 DON'T BUY Must be logged in to use chart MG-T Magna Int'l. (A)

A year and a half of price weakness and then post-election it has done well along with some other car companies.  You are smack dab in the middle of the trading range.  He does not see a rosy outlook here and sees more downside risk than upside.


Price:
$58.610
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-01-09 SPECULATIVE BUY Must be logged in to use chart NXPI-Q NXP Semiconductors

There is a $110 cash offer.  The $98 stock price probably correctly reflects the risks.  He does not have more to add.  When there is an M&A deal, the charts don’t matter at all.


Price:
$98.390
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
Showing 1 to 15 of 2,117 entries
<< < 1 2 3 4 5 > >>

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?


You must be logged in to comment.