Viewing Expert Christine Poole | StockChase
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Compiling comments that experts make about stocks while on public TV.

Viewing Expert

Christine Poole , CEO & Managing Director

GlobeInvest Capital Management


Date Signal Chart Symbol Company Opinion Price
2017-01-11 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. The P/E ratio for the S&P 500 is at about 17X 2017 estimated earnings, above the long-term historical averages of 14X or 15X. Some strategists have upwardly revised numbers for this year on the premise that Trump is able to get through his corporate tax cuts, from 35% down to 15%. For every 1% cut, it adds about $1.80 to earnings, so if he even does 5% and brings it to 20%, that could potentially add $20 to 2017 earnings. We do need the profit growth to come through. Right now, the expectation for the 4th quarter earnings is that they are going to grow about 4.5% year-over-year. Usually they surprise to the upside because companies are cautious. We should have less headwinds with energy.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
_N/A
2017-01-11 COMMENT Must be logged in to use chart AAPL-Q Apple

The PE multiple is low at about 10 or 11 times. Not a lot of growth and clarity, because the iPhone’s market penetration has probably been saturated. They are coming out with a new phone later this year, which is supposed to be quite a new design compared to the prior ones. They have a lot of cash sitting overseas, so if Trump is successful in reducing the repatriation tax from 35% to 10%, this company will be a natural beneficiary. Then the question is, what do they do with that money.


Price:
$119.750
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2017-01-11 HOLD Must be logged in to use chart AQN-T Algonquin Power & Utilities Corp

Primarily renewable power, and she likes that space. A well-managed company. Quite attractive to some of the other utility stocks out there. 5.1% dividend yield.


Price:
$11.230
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2017-01-11 PARTIAL BUY Must be logged in to use chart ARX-T Arc Resources Ltd

67% natural gas liquids, and their properties are in very low cost regions, Northeast BC. Like many other producers, they’ve cut the CapX budgets from a few years ago, and are kind of repositioning where they want to focus. They are increasing their CapX budgets this year. At these price levels, she would start nibbling.


Price:
$21.440
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-01-11 COMMENT Must be logged in to use chart ATD.B-T Alimentation Couche-Tard (B)

A great operator of convenience stores, as well as being good acquisitors. As a value manager, she has always had difficulty on the valuation, but it is always on her watch list. This $10 pull back could just be with the postelection rally, where we saw money flowing from groups that had done fairly well into the more cyclical areas. If you are more of a growthier investor, you could start picking away at this.


Price:
$60.100
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2017-01-11 COMMENT Must be logged in to use chart BTE-T Baytex Energy Corp

She is more constructive on crude oil than she was last year, but at $51-$52 it is probably range bound. She hadn’t increased her exposure in the energy sector last year, but is starting to add a bit more now. This particular company is not on her list.


Price:
$6.100
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2017-01-11 COMMENT Must be logged in to use chart CCO-T Cameco Corporation

There has recently been a rally in uranium stocks. The general impression is that uranium prices have probably troughed at the $20 spot level. There is no near term catalyst to get the prices going up. It is unprofitable at this level for mines to be producing, and mines have been shutting down. Nuclear reactors have been very slow to start up with very weak demand for uranium.


Price:
$16.370
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2017-01-11 PAST TOP PICK Must be logged in to use chart CGX-T Cineplex Inc

(A Top Pick Feb 9/16. Up 8.6%.) They are doing very well on their theatre side. They have no controls on the movie slate, but have made a lot of good effort on diversifying the revenue stream. We are seeing that with the opening of the rec rooms. The media side, which is about 20% of their revenue, is increasing with all the digital signage. They got the A&W across North America. Yield of 3%.


Price:
$51.690
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-01-11 COMMENT Must be logged in to use chart CJR.B-T Corus Entertainment (B)

Just reported and results were a bit weak. They bought the media assets of Shaw Communication (SJR.B-T) last year, and are really in the process of integrating those assets. Media is going through a lot of change in terms of how people watch the various stations and networks. She doesn’t have any Canadian media plays. 8.7% dividend yield, which is always a flag that they may cut.


Price:
$12.870
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2017-01-11 HOLD Must be logged in to use chart CVS-N CVS Health Corp

This pulled back because it had to reduce its earnings guidance for this upcoming year. They had been guiding for 10%-14% growth for the next few years, and have had to reduce that to 10% going forward. This is because their drug retail side has been excluded in certain pharmacy networks. The valuation is very attractive at about 13 or 14 times forward earnings. A well-managed company.


Price:
$82.770
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-01-11 DON'T BUY Must be logged in to use chart GE-N General Electric

This has been repositioning its portfolios businesses over the last 5-6 years since the financial crisis. They were decreasing their exposure in GE Capital, retrenching in those businesses and selling off some. In October they announced a joint venture with Baker Hughes where GE is going to own 60%. They still have 8 different reporting segments, with none accounting for 20% of their earnings. Still very diversified. Trading at about 20X forward earnings, so it is not really that attractive. With divesting of assets, they have to replace the earnings those assets were generating. They’ve been putting some of that money into share buybacks, but that can only go on so long. She prefers others.


Price:
$31.470
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2017-01-11 TOP PICK Must be logged in to use chart GIB.A-T CGI Group (A)

Half their business is outsourcing and the other half is consulting. The outsourcing part is long-term contracts with a nice recurring revenue stream. Their last acquisition was Logitech a few years ago, so their exposure to Europe is quite high. They are in a position to make another acquisition to grow a vertical market or geographically, and she thinks their preference is in the US. They are quite stringent on guidelines as to how much they are going to pay. Meanwhile they are actually seen some nice organic growth in the financial vertical. That industry is experiencing new competition in terms of new FinTech start-up companies, which is stirring the incumbents to increase productivity, cut costs and outsource, which all benefits CGI. On the whole digital arena, they provide fibre safe security. (Analysts’ price target is $70.55.)


Price:
$65.270
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-01-11 COMMENT Must be logged in to use chart GILD-Q Gilead Sciences Inc.

Trading at a pretty low PE multiple, but are experiencing a lot of competition on a few of their key branded drugs. There is not a lot of visibility going forward on what earnings are going to look like. The pharmacy industry seems to be going through a transition. We are seeing consolidation, because that is a way to grow where they can get synergies and cut costs. Not only does this have uncertainty regarding pricing, but are also experiencing competition in their own branded drugs.


Price:
$73.770
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2017-01-11 PAST TOP PICK Must be logged in to use chart GOOGL-Q Alphabet Inc. (A)

(A Top Pick Feb 9/16. Up 17.52%.) She still likes this. It actually lagged during the whole post election rally. She likes the secular play on online advertising, which is a growing trend. Of all the digital ads in the US, this company takes about 40%, and she expects this to continue. Trading at about 21X forward earnings, which is reasonable given that she thinks their earnings can grow in the 18%-20% range over the foreseeable future.


Price:
$804.570
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-01-11 PAST TOP PICK Must be logged in to use chart HD-N Home Depot

(A Top Pick Feb 9/16. Up 21.74%.) This is really a play on the US economy, US GDP growth, employment growth, etc. They are all trending up and are reasonably healthy. As housing starts and turnovers improve, that will promote housing renovations and repair. About two thirds of US housing is over 30 years old, which means more repair and renovations. Good dividend yield of 2.1% and always increase it every year.


Price:
$135.700
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-01-11 COMMENT Must be logged in to use chart L-T Loblaw Companies Ltd

Competition is fierce, but in terms of square footage growth, it has moderated from prior years. Loblaw owns Shopper Drugs as well, and she likes the drug retail. Also they both have the best locations. The company has gone through a period where they introduced new IT systems, refurbished larger stores, and are seeing the benefit of that flow through now.


Price:
$70.140
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-01-11 COMMENT Must be logged in to use chart OSB-T Norbord Inc

An Oriented Strand Board producer which is primarily used in housing construction. Kind of a play on US housing, and even China where they export to. Tends to be a very cyclical play. Prefers using less cyclical names.


Price:
$34.010
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2017-01-11 PARTIAL SELL Must be logged in to use chart POW-T Power Corp

Partial Sell to buy Toronto Dominion (TD-T)? A conglomerate holding Industrial Group and Great West Life (GWO-T). Conglomerates tend to trade at a discount, and you are never going to fully realize the value of all their holdings underneath. 4.4% dividend yield. It is not a bad idea to take some profits and put it into TD, a more direct play on banking and on the US and Canadian economies.


Price:
$30.850
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2017-01-11 BUY Must be logged in to use chart RY-T Royal Bank

Canadian Banks? They’ve had a very good 2016, but remember that 2015 was a negative year for banks. They were down about 11% on average because of concerns on energy, housing crisis, etc. Earnings were revised upwards and multiple expansions back to historical averages. She still likes them, because she is constructive on the Canadian and US economy. Her long-time favourites have been Royal Bank (RY-T) and Toronto Dominion (TD-T), and also owns Bank of Montréal (BMO-T). TD and Royal have exposure to the US with TD at about 25%-30%, and Royal at 22%. Thinks Royal’s is going to increase as they are now integrating City National. These both are trading at reasonable valuations.


Price:
$93.890
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-01-11 HOLD Must be logged in to use chart SHOP-T Shopify Inc.

This has done well since going public. There is a lot of momentum behind it. They are in the right space in terms of providing all the back-office systems for online retail, a sector that is growing very strongly. As a value manager, it is difficult for her to buy names like this, because there is so much momentum and the valuation is very high.


Price:
$58.720
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2017-01-11 BUY Must be logged in to use chart TD-T Toronto Dominion

Canadian Banks? They’ve had a very good 2016, but remember that 2015 was a negative year for banks. They were down about 11% on average because of concerns on energy, housing crisis, etc. Earnings were revised upwards and multiple expansions back to historical averages. She still likes them, because she is constructive on the Canadian and US economy. Her long-time favourites have been Royal Bank (RY-T) and Toronto Dominion (TD-T), and also owns Bank of Montréal (BMO-T). TD and Royal have exposure to the US with TD at about 25%-30%, and Royal at 22%. Thinks Royal’s is going to increase as they are now integrating City National. These both are trading at reasonable valuations.


Price:
$67.350
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-01-11 DON'T BUY Must be logged in to use chart TEVA-N Teva Pharmaceutical

A generic manufacturer, but do have some branded drugs. The company has been experiencing quite a bit of competition on one of their key branded drugs, so the profit growth is very uncertain, and the share price responded accordingly. There is just not enough clarity going forward.


Price:
$34.280
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2017-01-11 TOP PICK Must be logged in to use chart V-N Visa Inc.

Operates the largest global payment network, and will continue to benefit from online retail commerce, the whole transition into digital online payments. Cash still represents 85% of total payments globally, so there is still a lot of growth going forward. Recently acquired Visa Europe, and as they integrate that, that is going to contribute to earnings this year. Dividend yield of 0.81%. (Analysts’ price target is $94.28.)


Price:
$81.800
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-01-11 COMMENT Must be logged in to use chart WBA-Q Walgreen Boots Alliance

She would prefer CVS (CVS-N), especially given the pullback they’ve had. CVS is trading at a more attractive valuation, and feels they can turn themselves around and get growing again in 2018.


Price:
$84.430
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2017-01-11 TOP PICK Must be logged in to use chart XYL-N Xylem Inc.

This was a spin out from ITT Corp in 2011. They make water equipment and sources to the water industry. Their products encompass anywhere from water transportation (pumps, valves, controls), treatment and testing. Their end markets include municipalities, utilities, industrial clients, building services, commercial clients, and even the agricultural industry. 70% of the globe is made up of water, but only 1% is actually drinkable or potable. There is the issue of emerging markets, where they are still building out their water infrastructure. In the developed markets, there is the problem of aging infrastructure which needs replacement. Dividend yield of 1.26%. (Analysts’ price target is $53.58.)


Price:
$0.000
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-12-14 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. The US economy was growing even before Donald Trump was elected. We’ve had very steady employment gains, and are starting to see some wage increases. For Canada, there was a bounce back in GDP, and things are improving. She constructive on equities, because the profit growth is there. It turned positive in the 3rd quarter. If Trump reduces corporate taxes and repatriates funds, it is something that he will do quickly, which will improve after-tax profits for US corporations. Longer-term, she believes the secular growth is in emerging markets, so now might be a good time to look at names that have not moved. Emerging markets have been lumpy, and a stronger US$ puts them in a difficult position.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
_N/A
2016-12-14 HOLD Must be logged in to use chart ALA-T Altagas Ltd

Energy infrastructure, and there is always a need for these types of companies. As oil and gas companies drill they need to process the natural gas and liquids. Prefers Pembina (PPL-T) and Inter Pipeline (IPL-T). As natural gas prices improve, there will be increasing demand for what they do. Dividend yield of 6.2%.


Price:
$33.860
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2016-12-14 BUY Must be logged in to use chart BAC-N Bank of America

All the US financials did well after the election, on the premise of less regulation and potentially higher rates. This bank has recovered from where it came from back in the recession, and is still trading below BV. The ROE is still mid-single digit. Usually there is a very strong relationship between Price to BV and PE multiples based on ROE. The company is improving, and most of their past problems are behind them.


Price:
$22.670
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2016-12-14 COMMENT Must be logged in to use chart CGC-T Canopy Growth Corp.

This has been acquiring a lot of smaller companies. They have been issuing equity to fund a lot of their acquisitions. A $1.2 billion company, and it is very hard to value these companies. It will be very news and sentiment driven.


Price:
$10.600
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2016-12-14 BUY Must be logged in to use chart CGX-T Cineplex Inc

They are developing non-theatre sources of revenue. Opened their 1st Rec Room facility in Edmonton, and are planning a couple more in Toronto in 2017. They’ve also brought in online gaming through E gaming. Also, their Digital media side is doing quite well. Management are very good operators. They can’t control the theatre slate, but are very good at increasing how much you spend in the theatre. 3.2% dividend.


Price:
$50.390
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-12-14 WATCH Must be logged in to use chart CJR.B-T Corus Entertainment (B)

9% dividend yield, and usually when they get this high you have to be cautious. They acquired the Shaw media assets, and are presently integrating that, so you have to keep an eye on it to see how it gets along. She has no desire to own this name at this time. She prefers something like Disney (DIS-N).


Price:
$12.660
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2016-12-14 COMMENT Must be logged in to use chart CP-T Canadian Pacific Rail

Rail stocks have done quite well this past year, especially after the US election. She likes the rails, but owns Canadian National (CNR-T), which she feels is the best operator. CP’s operating ratios have lagged, so there could be more upside.


Price:
$193.610
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2016-12-14 COMMENT Must be logged in to use chart CPG-T Crescent Point Energy Corp

All energy companies have restructured to a lower crude oil price. If crude stays in the $55 area, this company should be okay. They’ve raised some equity to fund their CapX program, and are applying some new technology to their oil wells with some positive results. If crude oil stabilizes, the stock price should slowly climb.


Price:
$18.380
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-12-14 COMMENT Must be logged in to use chart ECI-T EnerCare Inc

The stock had been doing very well. It was a defensive type name. A lot of interest sensitive utility type names pulled back after the election. There is kind of a rotation out of these into more growth economically sensitive names. The drop provided a nice entry point for someone who wanted to have utilities in their portfolios.


Price:
$18.200
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-12-14 PAST TOP PICK Must be logged in to use chart GIB.A-T CGI Group (A)

(A Top Pick Jan 12/16. Up 17.96%.) A systems integration and outsourcing firm, about half and half. The outsourcing portion is very stable with a recurring revenue stream. They grow organically, but do make big acquisitions every few years. Their 2012 Logica acquisition really expanded their geography into Europe. It was a very low margin business when they bought it, and those are now almost back up to their corporate level. They are ready to make another acquisition, but management is very disciplined on how much they are going to pay for the returns that they want. They are seeing pretty strong demand from their financial verticals because of increasing competition, and FINTECH because a lot of financial institutions are trying to improve their legacy systems through productivity and client servicing. There are also opportunities in cyber security in digital commerce, which they provide.


Price:
$64.340
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-12-14 TOP PICK Must be logged in to use chart GOOGL-Q Alphabet Inc. (A)

Presently about 35% of advertising budgets are allocated for online, and that is going to increase over time. This is the largest search engine out there, so they are going to garner a certain percentage of any advertising budget. There has been a pullback in the large cap tech stocks, but that has been recovering. The valuation on this is a very reasonable. (Analysts’ price target is $968.94.)


Price:
$780.230
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-12-14 PAST TOP PICK Must be logged in to use chart HD-N Home Depot

(A Top Pick Jan 12/16. Up 9.19%.) She prefers this over others, because they have higher margins and are executing better. This is really a play on improving employment, improving GDP growth and higher housing. Housing turnover is a very important metric. When someone buys a house, they usually want to do some work on it. They’ve been seeing very good same-store sales growth. Online is only about 5% of their revenues, but it is growing. Online commerce is not a potential threat for them.


Price:
$135.980
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-12-14 TOP PICK Must be logged in to use chart JNJ-N Johnson & Johnson

This is more broadly diversified than others in the pharmaceutical area. Pharmaceuticals is about 45% of their revenues. They have medical devices and diagnostics as well as their consumer products division. On the Pharma side, they have a very strong pipeline, and have identified 10 drugs that potentially have $1 billion revenue potential, that will be launching over the next 3 years. Attractively priced at about 16X forward earnings, below their market multiple. Dividend yield of 2.7%. Have consistently raised the dividend for 55 years.


Price:
$114.990
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-12-14 COMMENT Must be logged in to use chart KEY-T Keyera Corp

She likes this business model, but prefers Pembina (PPL-T) and Inter Pipeline (IPL-T).


Price:
$39.570
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2016-12-14 HOLD Must be logged in to use chart MDA-T MacDonald Dettwiler & Assoc.

Long-term hold? A satellite manufacturer, and the satellite industry market tends to be lumpy. Overall demand has been soft. Eventually, this should go back to more normalized levels. They acquired a company a few years ago that is very strong in the US, and they are getting it certified to hopefully garner more business there. 29% of their revenue is from the US. Currently trading at a very attractive multiple. Dividend yield of 2.25%.


Price:
$65.840
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-12-14 HOLD Must be logged in to use chart MRE-T Martinrea

An auto parts manufacturer. All these manufacturers are trading at pretty low multiples. Typically, it is a lower type multiple industry. An overhang on the group right now is that auto production has likely peaked at 18 million units. There are increasing incentives in a lot of the pickup truck space. Europe has been very slow to turn. A well run company, and you could probably hold it here longer-term. Potentially, the election could be a negative for the group.


Price:
$8.430
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2016-12-14 TOP PICK Must be logged in to use chart RY-T Royal Bank

She chose this to reflect her view that the Canadian economy is recovering. Energy problems are largely behind them. Even though bank stocks have done very well this past year, previous sentiment had been so negative on the sector, valuations are extremely attractive. The acquisition of City National enhances its US presence with high net worth clients and commercial banking. On a 10-year average, this is trading at a BV of 2.4X, and is currently at 2.1X. Dividend yield of 3.67%. (Analysts’ price target is $91.28.)


Price:
$90.670
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-12-14 COMMENT Must be logged in to use chart TPK-T Ten Peaks Coffee Co

This has just broken back above its resistance line on the 50 day moving average. The momentum is negative, but is starting to improve. RSI is a 65, and if it goes 5 points above that, that gets into overbought territory.


Price:
$5.570
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-12-14 BUY Must be logged in to use chart UL-N Unilever PLC

Has held this in her clients’ portfolios for a number of years. She owns this for its exposure to emerging markets, the consumer packaged goods. Over 60% of revenues are from emerging markets. A lot of the economies in emerging markets have been going through a difficult time, so this is affecting them. Given the pullback, it is an opportunity. Long-term, this is where their secular growth is. They have been expanding into personal care, which tends to have higher margins than the packaged foods business. Has an attractive yield of over 3%.


Price:
$40.260
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-12-14 PAST TOP PICK Must be logged in to use chart V-N Visa Inc.

(A Top Pick Jan 12/16. Up 7.14%.) This has lagged in this rally, probably because it is not the traditional financial institution. It is really a play on the secular growth of online/digital payment. Currently 85% of all payment transactions are still cash. The emerging-market is over 90% and developed market is under 60%, so there are still a lot of opportunities.


Price:
$79.130
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-11-15 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. Potentially, the 33-year Bull market in bonds is over. REITs have spiked up 40 basis points over the past week, but 10 year treasuries are back to where they were a year ago, so we actually haven’t done much in this one year timeframe. Everyone is now focused on the pro-growth policies that Trump has announced. Those should be positive for equities, but there is also his no-growth policy of protectionism, anti-trade and decreased immigration, which could potentially increase inflation. Going forward, we have to monitor what he wants to do, both good and bad, and how that is going to impact the interest rate inflationary outlook. Markets are saying that we are going to get higher growth, which would imply that rates should slowly move up. Going forward, if we do get faster growth, that should imply a higher inflation. If we do get faster growth, potentially we will see money flowing out of bonds and into equities. Interest sensitive names such as the utilities, telcos, REITs were hit quite hard this last week, but she feels it was overdone, and those stocks now look attractive and the ones she would be focusing on.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
_N/A
2016-11-15 HOLD Must be logged in to use chart AAPL-Q Apple

Market Call Minute.


Price:
$107.110
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-11-15 SELL Must be logged in to use chart AGF.B-T AGF Management (B)

Market Call Minute. There is not a lot of earnings momentum on this, and they have to do a lot internally to get their business model going.


Price:
$5.020
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-11-15 HOLD Must be logged in to use chart ALA-T Altagas Ltd

Market Call Minute.


Price:
$32.090
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-11-15 COMMENT Must be logged in to use chart AMZN-Q Amazon.com

A high growth, momentum stock. Fund flows were coming out of large cap technology, which had done very well, into the other areas of the economy. The company grows their top line, but not a lot falls to the bottom line, which is a difficulty she has in owning this for her clients. For an entry point, perhaps look at their 20-day moving average, and when it gets to those levels, it may be one you want to start looking at.


Price:
$743.240
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2016-11-15 COMMENT Must be logged in to use chart AQN-T Algonquin Power & Utilities Corp

Fortis (FTS-T) or Algonquin Power (AQN-T)? This is a good time to invest in either. Sharp interest rate increases are a risk, but she doesn’t expect that. In a rising rate environment, you want to buy companies that have the ability to increase their dividends, and hopefully their yields will also increase over time. Fortis would be her preference.


Price:
$10.800
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2016-11-15 DON'T BUY Must be logged in to use chart ARE-T Aecon Group Inc

Market Call Minute. She wouldn’t buy this here. They’ve had some difficulties, and there are other companies in the space that are more attractive.


Price:
$14.570
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-11-15 HOLD Must be logged in to use chart BAC-N Bank of America

This will benefit in a higher interest rate and more robust growth environment. All of the US banks had a nice rally after the election.


Price:
$20.160
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2016-11-15 DON'T BUY Must be logged in to use chart BB-T BlackBerry

Feels this is still pretty speculative in terms of their transition from hardware to software. They are not making any money. There is a very little visibility as to what this company is going to look like a couple of years out.


Price:
$10.100
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-11-15 DON'T BUY Must be logged in to use chart CCO-T Cameco Corporation

She understands that the dispute with the CRA is still ongoing. The stock is quite depressed which is really a function of uranium prices. Uranium demand has been quite weak. There is no real near term catalyst. She would not be interested in buying this right now.


Price:
$12.050
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2016-11-15 WAIT Must be logged in to use chart CPG-T Crescent Point Energy Corp

Has held a very small position in this, but hasn’t been adding to it for the last couple of years. It is going to be predicated on what oil prices do going forward. This, along with the other oil producers, have cut capital spending. They’ve raised some equity to shore up their balance sheet and to make sure they can fund the capital in exploration activities that they want to do.


Price:
$16.050
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-11-15 TOP PICK Must be logged in to use chart CSH.UN-T Chartwell Seniors Housing

The stock has done quite well, and has recently pulled back because of the scare of interest rate sensitivity. While this is classified as a healthcare name, it does have a yield of just under 4%. It is the largest operator in Canada. Some money has come out of this space as a whole. She likes the seniors housing industry. Has a target price of $16, plus the yield. (Analysts’ price target is $16.18.)


Price:
$14.390
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-11-15 PAST TOP PICK Must be logged in to use chart CVS-N CVS Health Corp

(A Top Pick Dec 17/15. Down 19.33%.) Encountered some competitive pressures in their last quarter on the retail/Pharma side. They are projecting that next year they are going to lose about 40,000 scripts. She is projecting that earnings maybe flat to 5% upside next year. In 2018 they plan to resume a growth rate at 10%. Trading at a very attractive multiple now at about 12.5X forward earnings.


Price:
$75.040
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-11-15 HOLD Must be logged in to use chart DEO-N Diageo PLC

Market Call Minute. Large drinks manufacturer and they are growing on their beer side.


Price:
$100.970
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-11-15 PAST TOP PICK Must be logged in to use chart DIS-N Walt Disney

(A Top Pick Dec 17/15. Down 12.14%.) This has been under pressure on concerns of ESPN and cord cutting. The last quarter was met reasonably well, because management has been pretty upfront about what they see going on in the environment, and feels that the subscribers’ loss has been moderating. Next year, ESPN will be included in a lot of direct TV and bundles, which will offset any losses. All the other areas of their business are doing well.


Price:
$97.700
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-11-15 COMMENT Must be logged in to use chart EFN-T Element Fleet Management

Down about 5% today on the back of earnings. The guidance was a bit weaker. Not a space she is particularly attracted to. Going forward, they really have to figure out a way to grow organically. She is not interested in getting into this space.


Price:
$11.140
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2016-11-15 BUY Must be logged in to use chart FTS-T Fortis Inc.

Fortis (FTS-T) or Algonquin Power (AQN-T)? This is a good time to invest in either. Sharp interest rate increases are a risk, but she doesn’t expect that. In a rising rate environment, you want to buy companies that have the ability to increase their dividends, and hopefully the yields will also increase over time. This is in the midst of closing on a transaction in the US, which is going to broaden their geographic scope. They have indicated that they can grow their dividend in the mid to high single digit range for the next 4 years or so. She likes the visibility. This one would be her preference of the 2, and this is an attractive entry point.


Price:
$40.640
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-11-15 HOLD Must be logged in to use chart GE-N General Electric

Market Call Minute. She would hold this for the recovery in the US as a diversified industrial company.


Price:
$30.750
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-11-15 TOP PICK Must be logged in to use chart GOOGL-Q Alphabet Inc. (A)

This is a shift to secular online advertising. Having the largest search engine, they usually garner a large percentage of any company’s advertising. In terms of actual online advertising, it only represents about 35% of their overall budget, so there is still a lot more room to grow as companies shift out of some of the more traditional forms of media on to online. Trading at about 22X forward earnings, and feels they can grow their earnings in the double-digit range. (Analysts’ price target is $967.70.)


Price:
$775.160
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-11-15 HOLD Must be logged in to use chart H-T Hydro One

Market Call Minute. She would hold this just for the stable income stream.


Price:
$23.170
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-11-15 TOP PICK Must be logged in to use chart HD-N Home Depot

Reported this morning with strong numbers and a strong quarter, but the stock was off a couple of dollars. Higher interest rates may mean higher mortgage rates with increased borrowing costs. However, the Company made some good points. They looked at the affordability Index, which is currently above 150. An average median household can buy a medium-priced home at an 80% mortgage, and as the rate goes up, it is more positive. Employment growth is strong, consumer confidence is strong and the economy is growing. All of these things work in their favour. (Analysts’ price target is $148.80.)


Price:
$124.400
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-11-15 WATCH Must be logged in to use chart L-T Loblaw Companies Ltd

The stock pulled back to about $65 because of concerns on food inflation. Competition in food retail has really moderated in the last few years. Also, their Shoppers holdings is an attractive sector given the demographics. They are the largest in both those spaces. Achieved the synergies they indicated when they bought Shoppers. Loblaw’s went through a whole refurbishment program, and we are starting to see the benefits of the new operating and computer systems they put in. There is going to be some cross-selling between the 2 stores. Shoppers have indicated they want to be a distributor of medicinal marijuana, which makes a lot of sense. They are reporting before 9 AM tomorrow, so see what is said before jumping in.


Price:
$64.800
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-11-15 HOLD Must be logged in to use chart LNR-T Linamar Corp

Market Call Minute. A cheap stock, but the overhang is that auto production has peaked.


Price:
$48.790
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-11-15 BUY on WEAKNESS Must be logged in to use chart MFC-T Manulife Financial

Had a big move this past week, a combination of several things. Their 3rd quarter was actually quite good having good growth out of Asia. The headwinds they were facing in energy loans in their investment portfolio has moderated. Also, with rates moving up, higher interest rates are favourable for life insurance companies. They made higher investment income on their portfolios, their surplus and their capital. Currently trading at just over 1X BV, so it is still quite reasonable, and below historical levels. Before buying, she would wait for a bit of a pullback.


Price:
$23.060
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-11-15 SELL Must be logged in to use chart PM-N Philip Morris International

Market Call Minute. Cigarette consumption is on a secular decline.


Price:
$87.500
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-11-15 BUY Must be logged in to use chart RNW-T Transalta Renewables

Probably going to have moderate growth and an attractive yield. For an income investor, it is a reasonable investment.


Price:
$12.870
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2016-11-15 PAST TOP PICK Must be logged in to use chart RY-T Royal Bank

(A Top Pick Dec 17/15. Up 19.67%.) A year ago, there were concerns about the energy patch impact on Canadian banks, and where the Canadian economy was going. Wait for a pullback before you add or increase your position. Still trading at about 2X BV, with a yield of just under 4%.


Price:
$86.020
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-11-15 BUY on WEAKNESS Must be logged in to use chart SNC-T SNC-Lavalin Group Inc.

A diversified, global E&C company, a good solid name for someone who wants to have exposure. The whole group has moved on infrastructure spending in Canada and what we are going to see in the US. The group has had a nice move up. She wants more direct exposure to the sector, and is not sure if it is going to be in Canada or the US. This one has had a good run, so if you want exposure she would not pay up right now.


Price:
$55.680
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-11-15 HOLD Must be logged in to use chart VZ-N Verizon Communications

Market Call Minute. She would hold this one for its yield.


Price:
$47.370
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-11-15 COMMENT Must be logged in to use chart YUM-N Yum! Brands

Spun off their China division, so now her clients own both names. Going forward, she thinks China is a very attractive long-term secular growth story for the emerging consumer there. The North American portion is going to increase their franchising of all their different brands. That is going to alleviate a lot of capital requirements. She anticipates that if they increase their franchising component, they will effectively generate a lot more cash flow. She is happy to hold both divisions.


Price:
$60.700
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-10-12 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  Markets have been treading water since August.  Third quarter earnings season is starting.  It should be an infection point for the S&P 500.  The strong US dollar has been a headwind, as well as energy.  Consensus is negative year over year, but she feels we may get positive year over year earnings growth.  You can argue for the higher PEs now based on the low interest rates.  Interest sensitive sectors have pulled back, but a rise of 25 basis points in the US will be more of a rounding error.  There are some nice entry points in these sectors.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
_N/A
2016-10-12 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Artificial Intelligence Recommendation.  She wants to see strong balance sheets and visibility of earnings.  She likes well established tech companies.  GOOGL-Q is investing in all leading technologies.  GIB.A-T in Canada would play into this as well. 


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
2016-10-12 PARTIAL BUY Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Canadian Banks.  She likes the group.  TD, BMO, RY are the ones she owns.  They may all pull back with new mortgage rules.  If we have seen the lows in energy then it would be a positive.  She prefers BNS-T.  Buy a little bit now and then add on a pullback.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2016-10-12 HOLD Must be logged in to use chart BA-N Boeing

Airplane demand is driven by GDP growth, but demand is still growing in Asia.  They need to transition their backlog into cash flow.  She is happy to continue to hold it.


Price:
$133.160
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2016-10-12 BUY Must be logged in to use chart BAC-N Bank of America

She owns another US bank (WFC-N).  You want to buy US banks because of rising interest rates and an improving economy.  You could buy BAC-N here and she thinks it will do relatively well over the next year.  We should start seeing improvement in the yield.


Price:
$16.030
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2016-10-12 WEAK BUY Must be logged in to use chart BCE-T BCE Inc.

If you are looking for dividend yield, BCE-T will grow them.  It is an attractive place if you are looking for yield, but she does not see a lot of growth.  There are probably more attractive companies outside of telecoms, however.


Price:
$60.340
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
2016-10-12 BUY Must be logged in to use chart BMY-N Bristol Myers Squibb

The whole sector has pulled back.  Growth is slowing in large cap pharma.  It has an attractive yield.  She went with a more diversified approach (JNJ-N).  This is an attractive entry point for BMY-N. 


Price:
$50.010
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2016-10-12 PAST TOP PICK Must be logged in to use chart CVS-N CVS Health Corp

(Top Pick Nov 25/16, Down 5.83%) They are different from regular drug retail.  She thinks they will still maintain their 14%+ annual earnings growth.  They bought all the Target pharmacies.  She likes it here.  It is at a historical low.


Price:
$87.470
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2016-10-12 TOP PICK Must be logged in to use chart ENB-T Enbridge

It was primarily a crude oil transportation company, but the Spectra Energy acquisition gives them 50/50 Nat. gas and oil exposure now.  There is no commodity risk and they have long term contracts in place.  They have a 2.7% yield, although not the highest in the group.  They have visible cash flow growth going forward.  They have projected 10-12% dividend growth for the next 9 years and she expects share price appreciation.


Price:
$57.940
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2016-10-12 WEAK BUY Must be logged in to use chart EXE-T Extendicare Inc

She likes the seniors housing space and owns another name (CSH.UN-T).  They are trying to expand their private pay seniors housing.  It will take some time for the stock to reposition itself after selling off the US holdings. 


Price:
$9.270
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2016-10-12 DON'T BUY Must be logged in to use chart FN-T First National Financial

A non-traditional, mortgage only bank.  Mortgage rule changes last week have caused a pullback.  No one knows for sure what the impact of the rule changes will be.  She would stay with the big six banks rather than this group.  6.8% yield.


Price:
$25.270
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
2016-10-12 TOP PICK Must be logged in to use chart FTS-T Fortis Inc.

It has just under a 4% yield.  They acquired a fully regulated US electric transmission company.  They expect to  close the deal Oct 14th.  Then their shares will trade in New York as well.  They increased their dividend for 43 consecutive years and forecast the dividend growth through 2021.


Price:
$41.340
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2016-10-12 PAST TOP PICK Must be logged in to use chart GIB.A-T CGI Group (A)

(Top Pick Nov 25/16, Up 7.01%) Nice reoccurring revenue stream.  Their last acquisition was in 2012 and they have improved the already attractive margins of that one.  They are now ready for another acquisition for expansion.  They say they just have not seen the right deal yet.  They don’t pay a dividend.  They would rather buy back their stock or grow their business.  They have done well in terms of share price appreciation.


Price:
$62.060
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2016-10-12 BUY Must be logged in to use chart IPL-T Inter Pipeline

This is one of three she owns.  It has an attractive yield and it survived the pullback in energy.  If we see improvement in energy prices they should do well.  She thinks they can grow cash flow and dividends at a modest pace.


Price:
$28.050
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2016-10-12 PAST TOP PICK Must be logged in to use chart L-T Loblaw Companies Ltd

(Top Pick Nov 25/16, Down 4.82%) Food deflation is the headwind.  They are different than traditional food grocers because they have Shoppers Drug Mart.  They now have about a 30% share in food retail as well as in drug retail.  They still have a lot of room to improve their margins.  This is an attractive entry point to buy this one.


Price:
$66.490
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2016-10-12 BUY Must be logged in to use chart MFC-T Manulife Financial

It has done quite well in the past month or so.  There were problems in the past with energy loans.  There has been a change in sentiment regarding the energy component of their loan portfolio.  With rates likely going up in December and possibly Canada following, it will be a tailwind for lifecos.  You could wait for a pullback, but you could still buy it here.  She likes their operations in Asia.


Price:
$19.270
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2016-10-12 COMMENT Must be logged in to use chart PFE-N Pfizer Inc

Sell before election?  All the health care names have been under the threat of Hillary getting in.  PFE-N sold off some non-core assets.  She has chosen JNJ-N.


Price:
$33.070
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2016-10-12 HOLD Must be logged in to use chart PPG-N PPG Industries

A global coatings company for houses, airplanes, cars and industrial applications.  Their earnings numbers were guided down recently as they are divesting.  They are also seeing continued weakness in Europe.  She is sticking with it at present until earnings are announced.  If you are going to buy wait for the earnings announcement.


Price:
$91.940
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2016-10-12 WATCH Must be logged in to use chart SBUX-Q Starbucks

It is on her watch list.  It tends to be a premium priced stock.  The same store growth was below expectations so the stock pulled back.  There is a lot of potential internationally.  Don’t sell if you own it.


Price:
$53.160
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2016-10-12 DON'T BUY Must be logged in to use chart VRX-T Valeant Pharmaceuticals

It is hard to determine a good entry point.  They are repositioning to be an organic grower.  She does not have a clear sense of their strategy.  There is a lot of goodwill and debt on their balance sheet.


Price:
$30.090
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2016-10-12 BUY Must be logged in to use chart WFC-N Wells Fargo

She bought it on the back of the recovery a few years ago.  She thinks the false accounts issue is manageable.  She still likes the name and thinks the valuation is still attractive.  She is not sure about their expansion in Canada involving only commercial banking.  They are pretty well a US bank.


Price:
$45.320
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2016-10-12 TOP PICK Must be logged in to use chart WHR-N Whirlpool Corp

51% of revenues come from US, where they get revenue from the repair, reno, and replacement cycle. 


Price:
$160.830
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2016-10-12 HOLD Must be logged in to use chart WMT-N Wal-Mart Stores Inc.

They are going to pull back the number of new store openings and focus on their online presence expansion.  There won’t be earnings growth for the next few years.  She prefers HD-N.


Price:
$67.460
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2016-09-13 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. We had a very robust summer after BREXIT, when all the central banks stepped in and adopted a very accommodative monetary policy environment. Then there were some hawkish comments from the Fed, some weaker economic data indicating that things were possibly faltering a bit. Also, if rates have to start moving up, will that foster the recovery? She doesn’t think so. One month does not make a trend.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
_N/A
2016-09-13 WAIT Must be logged in to use chart ABT-N Abbott Labs

This does branded generics, nutritionals and medical devices. Their branded generics have good exposure to emerging markets, areas that need the drugs but don’t necessarily have the money to pay for the branded version. A well diversified company run by great management. They have announced 2 acquisitions. The overhang on the stock is that if they do both transactions, they may have to issue equity to fund some of that.


Price:
$40.640
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-09-13 HOLD Must be logged in to use chart ATD.B-T Alimentation Couche-Tard (B)

(Market Call Minute.) This would be a Hold. The acquisition they did is going to be very beneficial to the growth going forward.


Price:
$62.980
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-09-13 SELL Must be logged in to use chart BABA-N Alibaba Group Holding

(Market Call Minute.) Valuation is too rich.


Price:
$100.280
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2016-09-13 COMMENT Must be logged in to use chart BAM.A-T Brookfield Asset Management (A)

A very well-run company. It has exposure to private equity, infrastructure with different subsidiaries. The stock has done very well long-term and it is a great long-term hold. Also, management owns about 15%-20%. 1.5% dividend yield.


Price:
$42.840
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-09-13 DON'T BUY Must be logged in to use chart BBD.B-T Bombardier Inc (B)

Still a relatively higher risk investment. They have gotten some finance through the Québec government. In the end, the company still has to get more orders for the C series. It has turned out to be quite a competitive market.


Price:
$1.890
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2016-09-13 BUY on WEAKNESS Must be logged in to use chart BCE-T BCE Inc.

A very good defensive name. 4.6% dividend yield. If there is a correction in the market, this company will hold up relatively well. If there is further weakness in the market, take advantage of it.


Price:
$59.920
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-09-13 BUY Must be logged in to use chart BNS-T Bank of Nova Scotia

(Market Call Minute.) She would buy all the Canadian banks today.


Price:
$68.640
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-09-13 COMMENT Must be logged in to use chart CCO-T Cameco Corporation

Doesn’t think there is any near term, or even medium term catalyst to get the stock moving. Uranium prices are at historical low levels. It is very oversupplied. They missed numbers in their latest quarter. The restart-ups in Japan have been very slow to happen. Also, there are some closures in the US. There was a cancellation on one of their long-term contracts. They have a tax trial coming up in October. Doesn’t see the stock doing much over the next 6-12 months.


Price:
$11.380
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2016-09-13 BUY on WEAKNESS Must be logged in to use chart CNR-T Canadian National R.R.

(Market Call Minute.) She likes this, and is waiting for a pullback below $80.


Price:
$80.930
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-09-13 HOLD Must be logged in to use chart COST-Q Costco Wholesale

(Market Call Minute.) This always tends to trade at a premium to the market, high multiple. Valuation is just too rich to buy it.


Price:
$150.740
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-09-13 COMMENT Must be logged in to use chart CPG-T Crescent Point Energy Corp

Has been a long-term holder of this, although hasn’t been buying in the last 1.5 years. She felt that energy still had some weakness behind it. They did an equity issue last week at a 5% discount to what the stock was trading at. That was disappointing.


Price:
$17.180
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-09-13 TOP PICK Must be logged in to use chart CSH.UN-T Chartwell Seniors Housing

This is for the aging consumer. We are all getting older. Demographics show that the over 65 population is about 16% of our overall population. It is forecast that by 2035 it is going to be over 25%. There will be increased demand for assisted care. This company pulled out of the US last year and reinvested back into Canada. They are very well positioned. Dividend yield of 3.78%.


Price:
$14.860
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-09-13 SELL Must be logged in to use chart CXR-T Concordia Healthcare

(Market Call Minute.) Doesn’t think there is any visibility going forward.


Price:
$8.520
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2016-09-13 COMMENT Must be logged in to use chart ENB-T Enbridge

Inter-pipeline (IPL-T) or Enbridge (ENB-T)? Their acquisition of Spectra gives them more visibility on dividend increases through to 2024. Dividend yield of 3.7%.


Price:
$56.940
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-09-13 COMMENT Must be logged in to use chart FB-Q Facebook

Online advertising, and she likes that space. Doesn’t own this because of valuation, but owns Alphabet (GOOG-Q) instead. She likes the secular growth in this area, but feels Alphabet trades at a more reasonable valuation.


Price:
$127.210
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2016-09-13 COMMENT Must be logged in to use chart FTS-T Fortis Inc.

Had just bought this in the last month for her client portfolios. It has an attractive yield of about 3.7%. They just announced an acquisition in the US of ITC Corp. which they hope to close by the end of the year. That acquisition is going to be accretive. The company has increased their dividend close to 40 years.


Price:
$40.420
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-09-13 TOP PICK Must be logged in to use chart GIB.A-T CGI Group (A)

IT services and outsourcing. About half is outsourcing, so there is that recurring revenue stream, so their earnings revenue is less volatile. Every 3-4 years, they tend to do a major acquisition, either to increase their position in a vertical or geographically. They are ready to do the next acquisition, but are very disciplined in what they buy. In the meantime, they are seeing a pickup in their financial services vertical within North America financials as well as in Europe. This has been a function of the fintech and increased competition from non-bank traditional players, so traditional players are now looking to increase their productivity, get better customer feedback and are turning to this company to improve their legacy system. They also have a lot of offshore employees that contribute to the productivity increases.


Price:
$60.700
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-09-13 WAIT Must be logged in to use chart GILD-Q Gilead Sciences Inc.

There is a lot of competitive pricing on their leading product, which is causing the stock to come off quite a bit. Trading at a very low PE, but she feels the market is questioning the earnings visibility going forward. Wait to see what materializes next year.


Price:
$78.060
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2016-09-13 PAST TOP PICK Must be logged in to use chart HD-N Home Depot

(A Top Pick Sept 9/15. Up 12.56%.) Her target price is about $20 higher than the current price. The company is posting really strong results. This is a play on the whole improvement in US employment, housing starts, household formation and improving sentiment.


Price:
$125.720
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-09-13 COMMENT Must be logged in to use chart HR.UN-T H&R Real Estate Inv Trust

She likes this REIT. This does commercial as well as shopping centres, but mainly commercial. They provide a very attractive yield of 6.0%. She feels the distribution is very safe. Their tenants are very blue-chip under long-term contracts. They have very high occupancy and long-term leases.


Price:
$22.290
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2016-09-13 COMMENT Must be logged in to use chart IPL-T Inter Pipeline

Inter-pipeline (IPL-T) or Enbridge (ENB-T)? Given the move that Enbridge has seen in the last week and a half, with their acquisition of Spectra, this is probably a little more attractively priced right now. Dividend yield of 5.9%.


Price:
$26.500
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
Showing 1 to 120 of 2,010 entries
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