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
2017-07-10 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets. The expectation is for less than double digit earnings in the quarter, He is going to be looking for whether they will be making the year or not.  The markets are very much about rotation and they are stable as a whole.  He is a bit nervous, but things seem to be holding in.  Everywhere except Japan wants to ease on stimulus.  He is expecting economic growth to slow and interest rates to rise slightly.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2017-07-10 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Education segment.  The Role of Gold in your Portfolio.  Gold has been selling off quite a bit.  The best opportunities are when gold is going down.  It is a great diversifier, but it yields nothing so it is hard to hold it in your portfolio.  If you look at the correlation between gold and other asset classes, some have no relation and some are very correlated.  Gold has high correlation with currencies.  The total world index has very low correlation to gold.  VT-N compared to GLD-N have various correlations through time.  TLT-N is more correlated to GLD-N so it represents less diversification.  He is looking at buying gold here.  If gold breaks below $1200 we will see some panic selling and that is the time to look at accumulating.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
No
2017-07-10 SELL ON STRENGTH Must be logged in to use chart CPD-T iShares S&P/TSX Preferred ETF

A basket of preferred stocks, a lot of them being resets.  He has been a net seller of the BMO version late last week.  He would continue to be a seller into strength.  You could buy into pullbacks.  It is unlikely we will break out of the range.


Price:
$14.110
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2017-07-10 COMMENT Must be logged in to use chart HMMJ-T Horizon's Medical Marijuana

You get diversification.  Who knows which stocks are going to be the .coms of the weed industry?  There is still some downside to come in this industry. 


Price:
$8.390
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-07-10 HOLD Must be logged in to use chart SHOP-T Shopify Inc.

There is a sort of a head and shoulders pattern and now we have made a lower high and a lower low, so the trend is breaking.  At $110 there is big support.  If we break that then we should come back to the next area of big support at $60.  Just sit back and watch it.


Price:
$117.460
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-07-10 COMMENT Must be logged in to use chart ZWE-T BMO Europe High Dividend Covered Call Hedged to CAD ET

How does Larry make a major buy of an ETF without moving the needle?  You can call up an ETF and have them facilitate a very large order, regardless of the liquidity.  They create the necessary ETF units as part of the transaction.  ETFs have the liquidity of the universe of underlying stocks. 


Price:
$22.010
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-07-10 BUY on WEAKNESS Must be logged in to use chart ZWU-T BMO Covered Call Utilities ETF

He likes it and holds it in a dividend fund, using it in a defensive way.  It has a covered call overlay.  Unfortunately the premium from the covered call strategy is less than desirable because volatility has been so low for so long.  We are seeing a little sell off because of a sensitivity to interest rates.  If it falls another couple of percent he will go back to accumulating it.


Price:
$13.750
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2017-06-26 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  An Italian bank is purchasing for one Euro two Italian regional lenders that were being bailed out, and are now being wound up.  This is the continuation of ‘too big to fail’.  The government is not doing a good enough job of regulating the banks there.  This is going to be troubling for decades to come.  If interest rates go up marginally, you see purchasing coming down.  At the end of the day, fixed income is a safe place to put your money.  There are doubts that Trump can ever cut corporate tax rates all the way to 15%.  This will affect small cap US stocks, which would have benefited tremendously from a big tax cut.  That makes the Russell 2000 index the most expensive in the world, so he is short that index. 


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2017-06-26 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Educational Segment.  Robots.  A lot of boring jobs were replaced by computers and so a lot of jobs have gone away.  Amazon is breaking every space.  They could have cost a million jobs by now.  They are only going to get bigger and bigger in this space.  He feels there will be social problems coming.  From the mid-70s to today, the bottom 50% of people have seen no real growth in their incomes.  The next 40% have seen only a marginal growth.  The top 10% are all doing well.  BOTZ-Q and ROBO-Q are ETFs for robots and they have outperformed the world.  He will love them once we get a market correction.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2017-06-26 DON'T BUY Must be logged in to use chart CBL-T Callidus Capital Corp

It is specialty financing so they get caught up in the whole HCG-T space.  CBL-T is in a corporate mess.  You have to wait for the dust to settle.  When there is something this acute, the chart and technical analysis are not useful.


Price:
$14.970
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-06-26 BUY on WEAKNESS Must be logged in to use chart CNQ-T Canadian Natural Rsrcs

Energy is his biggest weight in his portfolios and has been for a couple of weeks.  We are at the lower end of the oil price range.  CNQ-T has held up well over the last 5 years.  He does not see the tail risk currently.  You want to buy a quarter or a third into a position and do so on weakness.


Price:
$37.530
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-06-26 HOLD Must be logged in to use chart PDC-T PowerShares Canadian Dividend Index ETF

Canadian dividend index.  You have big exposure to banks and insurance.  It is a fine, diversified mix, and fine as long as we don’t get a pull back in any of the names.  He would have preferred a covered call overlay (e.g. ZWC-T).


Price:
$27.600
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-06-26 WAIT Must be logged in to use chart TD-T Toronto Dominion

The Canadian market has come off about 5% from the highs.  This is why the banks are off from earlier in the year.  There is definitely risk around real estate and the Canadian economy.  Banks are much more attractive at the level they were at about the time of the Trump election and there is a risk they will go there again.


Price:
$65.210
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-06-26 SELL ON STRENGTH Must be logged in to use chart TECK.B-T Teck Resources Ltd. (B)

Steel stocks have been beaten up and he plays it through an ETF.  You have Met. coal in TECK.B-T and so he thinks there is downside potential.  He would sell into rallies.


Price:
$21.900
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-06-26 DON'T BUY Must be logged in to use chart ZEF-T BMO Emerging Mkts Bond Hedged CAD

ZEF-T vs. ZHY-T.  The question is credit risk.  You have emerging market risk with ZEF-T and so you get extra yield.  When you do the correlation of the higher yield, they trade more like an equity than a bond.  ZEF-T is an equity type risk, where as ZHY-T is more like fixed income.  He does not think it is the time to step into either of these.


Price:
$17.080
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
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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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