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
2017-02-13 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  He is not sure we will see anything significant coming out of the Trump/ Trudeau meeting.  If you X-out all the commodities we export to the US, there is a pretty balanced trade between Canada and the US.  If they target specific industries those industries could get hurt.  He did not see softwood lumber on the agenda for today.  Trump’s idea of fair may be very different than Trudeau’s idea of fair.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2017-02-13 DON'T BUY Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Paying the S&P-500 – Pullback possible?  He thinks we will get some disappointment risk on execution.  The tax plan is probably not being implemented until 2018 now.  He thinks there will be a buying opportunity coming soon with a 5-10% pullback as there is one every year.  He would not be a buyer of the S&P-500 for the long term right now, but it is good for a trade.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-02-13 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Canadian version of ZPW-T?  He does not think there is one coming because there is not the depth to the Canadian market. 


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2017-02-13 SELL Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Gold.  He was buying XGD-T, ZGD-T when gold was around $1150 a month and a half back.  He has since sold out of XGD-T.  He trimmed GLD-N last week.  He does not know if Trump will be bullish for gold or not.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2017-02-13 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Educational Segment. Using Stops. The value approach looks for a range of support and how you buy into it.  Anchoring is a behaviour where you want to try to get your money back.  That is the wrong way to think about it.  You should think about where you should put the money in a losing stock.  Get out of a position if it is not working.  You should have a plan on when to get out.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2017-02-13 BUY on WEAKNESS Must be logged in to use chart GOOGL-Q Alphabet Inc. (A)

He is concerned about valuation here.  But they are a great company.  In a market correction it could come down more than the market.  $740-750 would be a buying range.


Price:
$838.960
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-02-13 DON'T BUY Must be logged in to use chart IWM-N iShares Russell 2000 ETF

Analysts are expecting about 80% earnings growth over the next year in the Russell 2000.  There is room for disappointment.  He initiated a short position on it as part of a long/short strategy.


Price:
$138.300
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2017-02-13 DON'T BUY Must be logged in to use chart VAH-T Vanguard FTSE Developed Asia Pacific All Cap Index ETF

Look at the risk factors. US Trump execution is a big one. Brexit negotiations start next month. Also, there are German and French elections. This will be the beginning of the EU breaking up and will be bearish for a while and then bullish in the long run. He is out of Japan, however. 


Price:
$27.680
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-02-13 DON'T BUY Must be logged in to use chart WMT-N Wal-Mart Stores Inc.

If Chinese imports are taxed, it will really hurt Walmart.  Don’t buy above the 52 week lows.


Price:
$67.770
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-02-13 BUY Must be logged in to use chart ZWE-T BMO Europe High Dividend Covered Call Hedged to CAD ET

European Market. He plays it with ZWE-T. It has high dividends and a covered call strategy with a currency hedge.  6-7% yield.  For the next 5 years that would be pretty good for Europe.  It is the more conservative way to go.


Price:
$21.310
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-02-06 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  Trump’s immigration policy is not going that well.  He says he wants the US$ weaker.  Border taxes will almost certainly push the dollar higher.  There are conflicting policies.  At some point the market wakes up and realizes there will be execution problems.  The US will be VERY well supplied with oil for the next 5 years with Keystone coming on.  This will put downward pressure on oil prices.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2017-02-06 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Bear Markets.  Inverse ETFs will go up 1:1 when markets to down.  Don’t use leveraged ETFs.  Utilities are best correlated to interest rates.  Gold can rally in a bear market.  You have to look at bonds because they rally in a bear market.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2017-02-06 BUY on WEAKNESS Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Cyber Security.  There are two ETFs.  HACK-N is one.  You get access to all the companies playing in the space.  It has been trending since day one.  He would buy on dips as the ETF has been climbing since its inception.  Risks right here are a little high, however.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2017-02-06 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Educational Segment.  Measuring Risk and Reward.  Within 20 years the vast majority of money in the world will be run by computers.  The traditional portfolio manager will be gone.  E.g. SU-T, 25% of the sector, a big player.  Going back 10 years it has made nobody any money for 10 years.  It is up less than the dividend.  Buy it when it is cheap relative to the benchmark and the markets.  Figure out how much you need in your portfolio.  The price of oil is the most important factor in the stock price.  Looking at the 5 year chart it is incredibly overvalued.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2017-02-06 SELL Must be logged in to use chart AAPL-Q Apple

He does not like where it is.  We are against all time highs.  It could break out, but there is definitely resistance here.  You could write a put option and get paid about 5% yield over the next year.  If it drops 20% then you will have to buy it and that is fine.  This is how he would play AAPL-Q.  If the option expires, then just do it again.


Price:
$130.290
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
No
2017-02-06 SELL Must be logged in to use chart CLF-T iShares 1-5 yr Government Bond ETF

He prefers corporate bonds because they yield more than government bonds.  Prices will probably continue to fall.  You are getting a bigger yield payment than the yield to maturity on the bonds themselves.  CBO-T would be the replacement for this ETF.


Price:
$18.550
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-02-06 COMMENT Must be logged in to use chart ZWB-T BMO Covered Call Cdn Banks ETF

The MER is in the 40-50 basis point range.  The enhanced yield is created with an option writing overlay.  They write one standard deviation out of the money.  The options can enhance yield 1.5 percentage points over time.


Price:
$18.940
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-01-30 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  The US revenue growth is about 4% year over year and if you factor in 2% inflation, then back out energy and financials, you get negative growth.  The forecast is for double digit earnings growth going forward and he does not see that happening.  He is concerned about some of the policies that Trump promised.  Closing the borders is negative for growth.  Entitlement reform is Medicare.  It is estimated to cost $50 Trillion out to 2050.  If Trump tacks on these border tariffs, there is still potential for the US$ to strengthen. 


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2017-01-30 BUY Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

ETFs for smaller amounts of cash to invest.  You can buy a handful of them and buy a much diversified global portfolio.  You need to understand risk management. 


Price:
$0.020
Subject:
AGRICULTURE, DIVIDEND & FIXED INCOME
Bias:
BEAR
Owned:
_N/A
2017-01-30 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Educational Segment.  Smart Factor ETFs.  Reducing portfolio risk.  The trend between actively managed mutual funds compared to what capital is going into ETFs show money is moving that way.  You can do asset allocation with ETFs and that is by far the most important consideration.  The bigger companies dominate the NASDAQ.  Three sectors make up half the index.  It is very concentrated and heavily weighted into a few stocks.  All smart factor ETFs beat the index.  They all have different volatilities.  You should use all of the indexing strategies in your portfolio. 


Price:
$0.020
Subject:
AGRICULTURE, DIVIDEND & FIXED INCOME
Bias:
BEAR
Owned:
_N/A
2017-01-30 HOLD Must be logged in to use chart FDN-N First Trust Dow Jones Internet Index Fund

Internet ETF.  Analysts do not make consensus targets for ETFs.  The average PE is no different from the overall NASDAQ.  The trend is healthy.  It is not cheap.


Price:
$85.950
Subject:
AGRICULTURE, DIVIDEND & FIXED INCOME
Bias:
BEAR
Owned:
Unknown
2017-01-30 HOLD Must be logged in to use chart GIB.A-T CGI Group (A)

The long term trend is pretty good, but in the last year it has been pretty flat.  He would not be too worried about it until the long term trend is broken.  (Analysts target: $70).  You want to trim near $70.


Price:
$63.130
Subject:
AGRICULTURE, DIVIDEND & FIXED INCOME
Bias:
BEAR
Owned:
Unknown
2017-01-30 COMMENT Must be logged in to use chart VEA-N Vanguard FTSE Developed Markets Index Fund ETF.

VEA-N vs. VEU-N.  VEA-N is the developed market index, excluding the US.  VEU-N is the entire world, excluding the US.  VT-N is his preference for the whole world.


Price:
$37.980
Subject:
AGRICULTURE, DIVIDEND & FIXED INCOME
Bias:
BEAR
Owned:
Unknown
2017-01-30 COMMENT Must be logged in to use chart VEU-N Vanguard FTSE All-World ex-US Index Fund ETF.

VEA-N vs. VEU-N. VEA-N is the developed market index, excluding the US.  VEU-N is the entire world, excluding the US.  VT-N is his preference for the whole world.


Price:
$46.180
Subject:
AGRICULTURE, DIVIDEND & FIXED INCOME
Bias:
BEAR
Owned:
Unknown
2017-01-30 COMMENT Must be logged in to use chart ZWH-T BMO US High Dividend Covered Call ETF

There is no risk-free.  Covered call strategies call in a bear market. Dividends are pasted straight through from the companies.


Price:
$20.670
Subject:
AGRICULTURE, DIVIDEND & FIXED INCOME
Bias:
BEAR
Owned:
Unknown
2017-01-23 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Stop Losses.  Using stops in portfolios is a certain kind of style for people who do not understand diversification and are pure momentum players.  It is fine.  But the vast majority of guests on BNN are portfolio managers and have a long term horizon.  Being stopped out can be silly in that case.  He is going to do a series on them in his educational segment in the future. 


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2017-01-23 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  The first one hundred days of Trump:  It remains to be seen, but today we saw some of the rhetoric about trade and breaking NAFTA.  This is what people were worried about.  You will see markets getting a little nervous.  He is looking for markets to go back to levels from around the time of the election in November over the next couple of months.  Trump’s talk to CEOs about taxes to companies that moved production outside of boarders should be negative.  Trump’s administration does not want to go down the road of a process where they get things done without congress.  So far so good in this year’s earnings season, but expectations were high with a rally preceding it.  A lot of good news is priced in. 


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2017-01-23 WATCH Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

ETF for Demographics.  It would be great if they had an ETF for this.  There is not one in the market, but he thinks someone is working on it.  Maybe in the next couple of quarters one comes out.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
No
2017-01-23 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

ZEB-T & ZWB-T or Buy The Banks Directly?  A covered call strategy takes a lot of work to implement so you would not want to do it yourself.  He thinks without the covered call, this index will come down.  You could buy the six banks yourself if your portfolio was big enough, but the covered call strategy would be a lot to implement yourself.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-01-23 BUY Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

North American Oil.  With Trump turning on the spigots there will be a lot more investment in the oil area.  Despite the oversupply, there is still a lot of money to be made in fracking.  They are getting more efficient every day.  It will be a great growth area.  Buy dips in this area.


Price:
$0.020
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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