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
2017-09-18 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

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 HOLD Must be logged in to use chart C-N CitiGroup

It is one of the most global banks we have.  It is not his favourite bank to own.  On a valuation basis there is probably upside, but these banks could easily get cut in half if we ever get a correction.


Price:
$70.600
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-09-18 BUY Must be logged in to use chart PYF-T Purpose Premium Yield Fund

He loves the strategy.  They are consistently taking in yield in the fund and then pay out 6%.  The US exposure has hurt them a little over the last year.  Option strategy premiums are lower at the moment.


Price:
$19.200
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2017-09-18 HOLD Must be logged in to use chart ZEO-T BMO S&P/TSX Oil & Gas ETF

In the next couple of months there may be a little more upside.  At the beginning of the year the stocks were overpriced.  He is going to trim when it gets back to the high end of its trading range.  Don’t add to it now but you could buy on pullbacks.


Price:
$10.500
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Yes
2017-09-11 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  Hurricane Irma has been downgraded, North Korea did not proliferate into something worse and so markets have rallied.  The back to back hurricanes you don’t see every day.  The hit to GDP could be greater.  100 Billion to fix things is just 5% of GDP and this is not good growth, although it is growth.  Prayers and wishes to those that have suffered through those however.  The CAD$ and the sudden shift to a more hawkish tone with the US backing off their rate hike expectations has had a dynamic shift in the currencies.  He projects the CAD$ up to 84 cents.  He wants US$ exposure.  The BOC surprised him as he did not expect increased rates.  If the CDU/CSU wins another term in Europe that will probably be good.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2017-09-11 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Educational Segment.  (weekly series) What Investor Personality Are You?: 1. The Accumulator.  They have a confidence bias in what they do, but make common mistakes in investing because they believe they can control the outcome of the markets.  If you are a growth investor and focused on maximizing returns, you have to be aware you will have challenges.  E.g. AMZN-Q.  A compounded return of 37.5%.  When you look at all the ups and downs, look at the amounts.  You have to assume more volatility during corrections.  You have to ask if it is appreciate for you as an investor.  You have to be willing to sit tight every couple of years with a 30-50% correction.  You can’t get in and out repeatedly.  You have to understand what your emotional response will be.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
2017-09-11 WEAK BUY Must be logged in to use chart DOL-T Dollarama Inc.

The $15 minimum wage.  Larry knows someone who owns some Tim Horton’s locations that may go under because of this.  You have to look at what the percentage of wages at DOL-T to find out what the impact is, although there will be one for sure.  The $3 and $4 merchandise is growing things.  He is a value investor and when a stock is at a huge multiple, he is not the right guy to ask about it.  Technically it is overbought.  He expects it to continue going.  You continue to trail your stop up around the trailing one month average.


Price:
$134.560
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-09-11 BUY Must be logged in to use chart ENB-T Enbridge

He likes the pipelines generally.  Over 5 years we came from much lower levels.  There is a lot of resistance now.  You will not see a sustainable move above those levels from $100 oil.  There is value down into the low $40s.  It has a good dividend yield.  He likes the ZWU-T because it also has telcos and other regular type utilities and has a 6%+ yield.


Price:
$49.550
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-09-11 BUY Must be logged in to use chart HOG-T Horizons Cdn Midstream Oil & Gas Index

He likes the services and mid stream sector.  They have a lot of leverage to the upside, but good dividends also.  Drillers are cheap right now.  Pipelines are closer to their highs than their lows.  This is a diversified way to play. 


Price:
$8.960
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-09-11 HOLD Must be logged in to use chart U-T Uranium Participation Corp.

Uranium.  The Japan disaster changed the world’s view on uranium.  There is a reactor in South Florida that they are worried about.  He thought Uranium would be part of the clean solution for power.  India and China are building them, but there is a bias to moving away from them.  There is no shortage of Uranium.  It is on the cheap side now so don’t look for too much in term of growth.


Price:
$3.680
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-09-11 BUY Must be logged in to use chart ZBK-T BMO Equal Weight US Banks ETF

US Financials ETF?  Banks insurance companies, etc.  The list is too long to mention.  The US financial regional banks have underperformed relative to the broader market.  Get an ETF like ZUB-T that is hedged.  He thinks these are attractive.  ZBK-T gives you exposure unhedged in US$.


Price:
$21.520
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-09-11 BUY Must be logged in to use chart ZPW-T BMO US Put Write ETF.

It writes puts 15-20% below current levels to harvest a 6-8% yield.  It has been at the low end of that.  The entire decline in valuation this year is about the increase in the CAD$, not because the underlying holdings have any problem.  ZPH-T is the identical holdings, but not exposed to the US$.  He likes adding US$ here.  Swap to ZPH-T if we get back to an $0.80 CAD$.


Price:
$17.310
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-09-11 BUY Must be logged in to use chart ZUB-T BMO Equal Weight US Banks Hedged to CAD ETF

US Financials ETF?  Banks insurance companies, etc.  The list is too long to mention.  The US financial regional banks have underperformed relative to the broader market.  Get an ETF like ZUB-T that is hedged.  He thinks these are attractive.  ZBK-T gives you exposure unhedged in US$.


Price:
$25.110
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-09-11 BUY Must be logged in to use chart ZWH-T BMO US High Dividend Covered Call ETF

This is how he takes his position in the US market.  He has started adding his US exposure back after hedging previously.  ZWH-T does not have a currency hedge version.


Price:
$19.010
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
Unknown
2017-08-28 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  The hurricane has an impact on the gas refining industry.  Gas prices are reacting today.  We are 6.5% above average inventory levels.  He does not think we will get a big shoot up like decades ago with Katrina.  XLE-T is showing nothing today.  He would have expected a premium, but today we are actually down.  Supply and demand are more important from a market perspective.  The seasonal pattern for the TSX over 30 years:  We are going into the worst season of the year, from now until mid October or so.  The challenge he has this year is that the TSX has not played out as it normally does year to date.  He thinks the stocks have already reacted so the seasonal pullback should be muted this year.  He sees gold as remaining in the trading range, rather than breaking out in a big way.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE & ETFs
Bias:
UNKNOWN
Owned:
_N/A
Showing 16 to 30 of 2,379 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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