Viewing Expert John O'Connell, CFA | StockChase
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Compiling comments that experts make about stocks while on public TV.

Viewing Expert

John O'Connell, CFA , Chairman and CEO

Davis Rea


Date Signal Chart Symbol Company Opinion Price
2017-04-12 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Interest Rates. Doesn’t think Canada will see an interest rate hike in the next year. The Bank of Canada is in a difficult position, because they want to have a strong economy, but are worried about the housing market. The economy, generally speaking, is doing well, but there are concerns out there about trade policies with the Americans. There is no inflation, and other than the housing market, government employment and employment related to housing, there is not really a lot of strength. He doesn’t think they want to raise rates, and raising rates to stop the housing market is a pretty heavy duty club to bear on everybody.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
_N/A
2017-04-12 WAIT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Large US construction companies that can take advantage of Trump’s promises? Whether Mr. Trump’s going to be able to deliver on his promises are unknown. There is a lot of expectations in these companies already. If the market sells off on disappointments, this is going to be pushed out to 2018-2019, which he thinks is reasonable. That is when he would make his investments. He would also look at housing. Rates have gone back down again, which will be a bit of an impetus.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2017-04-12 DON'T BUY Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Gold .He is not a big believer in golds, and doesn’t really know how you would derive the price of it.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2017-04-12 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Energy. We are in the beginning of a new multiyear market, that is going to have its ups and downs. Oil needs to be well above $50 on a global basis to sustain the investment that is going to keep up with the demand that is growing by about 1.5 million barrels a day. Over the last 5 years, energy consumption has increased by 7 million barrels. There is a lot of talk about American oil coming out of the ground at $50 and they can make profits. There are going to be a certain number of fields that can produce that amount of oil, but not 9 million barrels a day forever.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2017-04-12 PAST TOP PICK Must be logged in to use chart AAPL-Q Apple

(A Top Pick May 3/16. Up 52%.) Feels the upgrade cycle is going to be a big cycle. They are building their service business really well. Trading at reasonable valuations. It is a big, big weight in the index, and there is a lot of money going into index funds, which is a positive. A very, very innovative company.


Price:
$141.800
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-04-12 DON'T BUY Must be logged in to use chart BB-T BlackBerry

The stock was up today because they got a settlement with QUALCOMM (QCOM-Q) and were paid about $85 million US. That puts their cash up to about $2.5 billion. The company is going through a very, very tough transition. He doesn’t think it is going to be able to generate sufficient returns to justify a further investment. The company is cash flow negative right now, and sales have been declining for the last 8 years.


Price:
$11.850
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2017-04-12 COMMENT Must be logged in to use chart BIP.UN-T Brookfield Infrastucture Partners

This is a big weight in his fund. It has a great dividend yield. Management has done a fantastic job of investing assets, buying infrastructure assets around the world, and also trimming its portfolio when it is prudent to do so. There are loads of opportunities open to them. Because they are so well respected at what they do, they are finding that they can take on bigger and bigger projects, be the manager of them and find that sovereign wealth funds are actually joining them in these projects.


Price:
$51.700
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-04-12 TOP PICK Must be logged in to use chart CERN-Q Cerner Corp.

This basically supplies information technology to hospitals, healthcare systems and ambulatory companies. It has gone through a couple of years where it has shifted from selling software as a package to software as a service. It always takes time to roll over the way your profits are measured, and Wall Street is not patient about those kinds of things. Their revenues and profits have continued to grow. It used to trade at 35X earnings and is now down to around 20X, and represents an exceptionally good value in the healthcare space. (Analysts’ price target is $60.)


Price:
$58.770
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-04-12 BUY on WEAKNESS Must be logged in to use chart CSCO-Q Cisco

There is going to continue to be a lot of spending in the IT space. This is one of those companies that is very innovative. They provide a lot of important things. The “Internet of things” they talk about is a really big deal. This has a good strong balance sheet and a decent yield and they keep buying back stock. He worries about competitive threats. China is getting into this business as well. There are potential trade wars looming. The stronger US$ is hurting sales. He would rather buy this on weakness, down around $28.


Price:
$32.620
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2017-04-12 PAST TOP PICK Must be logged in to use chart CXRX-Q Concordia Healthcare Corp

(A Top Pick May 3/16. Down 95%.) This was a mistake. There are shareholder lawsuits involved. It was growth by acquisition, and it looks like they dramatically overpaid for some assets. They got involved with generic competition, and as well, the perfect storm of politics of the last election really killed the stock.


Price:
$1.390
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2017-04-12 PAST TOP PICK Must be logged in to use chart DIS-N Walt Disney

(A Top Pick May 3/16. Up 11%.) A great company. Struggling with cord cutting in ESPN. Their movie and theme park divisions are doing fantastic. A certain number of consumers will figure out that the cable bundle is actually a good deal. ESPN is also investing in e-gaming which is going to be a huge, huge market in the long-term. This is a very sophisticated distributor of content and he finds it hard to believe that they will not be able to find ways to distribute their sports content through ESPN.


Price:
$113.040
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-04-12 COMMENT Must be logged in to use chart GXE-T Gear Energy

A small oil company. He is on the board. Producing about 6000 barrels a day. Great balance sheet and it has done a good job of repairing and surviving this market. Trades at one of the lowest valuations in the junior space. Management has done an excellent job and have drilled some really, really good wells. It is lighter oil and has a very promising future.


Price:
$0.900
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-04-12 COMMENT Must be logged in to use chart NA-T National Bank of Canada

A well-run bank. It always has the highest dividend yield and trades at the lowest valuation. Has always generated an ROE that has been comparable to the other banks. Why it trades at a discount is beyond him. If you have a five-year view, this bank will serve you very well.


Price:
$55.120
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2017-04-12 COMMENT Must be logged in to use chart ORCL-N Oracle

Had owned this for a while, and sold it at around these levels 2 or 3 years ago. They are struggling to morph from a hardware/sales business into a software/service business. It has gotten very competitive. He is avoiding this area because it is so competitive. A lot of the big players are building a lot of the stuff internally themselves. He would rather focus on things like Facebook (FB-Q), and possibly even Google (GOOGL-Q).


Price:
$44.180
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2017-04-12 COMMENT Must be logged in to use chart PSX-N Phillips 66

Warren Buffett has been picking away at this. It is very difficult to build a refinery. There is a limited number of competitors, so they are well situated. The drawback is that you are beholden to crack spreads, basically the value of all the different components of a barrel of oil after it has been refined. In the past couple of years, it has been a very, very good business, but it is a cyclical business. The ways the composition of crude oil is coming to refineries is changing. He would prefer going to where the greatest value is, which is going to be the crude producers.


Price:
$77.380
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
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