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
2017-09-12 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. The global economy is improving. Canada’s 2nd quarter GDP number has surprised on the upside, 4.5% annualized. In the US, even though growth expectations may have moderated a little post election, the 2nd quarter has been revised up to 3%, better than the 1.6% we saw last year. We are seeing growth in Japan, and China looks like they are going to meet their 6.5% target growth rate. Global GDP was improving and profit growth is improving. In the background, there is very tame inflation, so many Central Banks including Canada and the US, will start to become less accommodative on raising rates, and will be very cautious. There is no reason to do this quickly, because inflation is so benign right now.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
_N/A
2017-09-12 COMMENT Must be logged in to use chart AAPL-Q Apple

The iPhone 10 is quite expensive. Carriers in the US and the UK will no longer subsidize the phones, and it is going to be a really hard sell to spend that kind of money. It doesn’t really address the issue of what is happening in China. They’ve been losing unit volume share there. In China, it is a substantial amount of money to pay for even the revamped iPhone 8, let alone the iPhone 10.


Price:
$160.860
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
2017-09-12 COMMENT Must be logged in to use chart AGI-T Alamos Gold Inc

Made a bid to acquire Richmont Mines (RIC-T) which is considered as a good acquisition for them. It will increase their Canadian exposure in a more politically safe environment. It will also increase their production profile and lower overall costs. It is probably a decent holding for gold exposure.


Price:
$8.800
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2017-09-12 COMMENT Must be logged in to use chart AMZN-Q Amazon.com

Ali Baba (BABA-N) or Amazon (AMZN-Q)? Both are online retailers. As a value investor, it is very difficult for her to own either. If she had to choose one, it would be this because they have the Cloud service business, which is very profitable. That sector is growing very fast and the penetration rate is quite low. Their retail side generates very, very low operating margins, but it is being more than offset by their web service offering. Growing very, very quickly and are investing. They are really focused on generating profits, but are reinvesting in their business.


Price:
$982.580
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2017-09-12 COMMENT Must be logged in to use chart BA-N Boeing

Had owned this for a number of years, but sold it too soon. The stock has done quite well. Typically, you buy airline manufacturers when they are building their backlog. 30% of their business is defence, a sector that has done quite well this year. The stock should continue to do well because of its defence exposure. Eventually, as they start building out their planes, they should generate a lot of cash flow, which is a positive for the stock.


Price:
$240.580
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2017-09-12 COMMENT Must be logged in to use chart BABA-N Alibaba Group Holding

Ali Baba (BABA-N) or Amazon (AMZN-Q)? Both are online retailers. As a value investor, it is very difficult for her to own either. If she had to choose one, she would lean towards Amazon because they have their Cloud service business, which is very profitable. That sector is growing very fast and the penetration rate is quite low.


Price:
$175.310
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2017-09-12 TOP PICK Must be logged in to use chart BAM.A-T Brookfield Asset Management (A)

An alternative asset manager. They invest their money and shareholders money into 4 general areas, property, infrastructure, renewables and private equity. If you buy this, you get global exposure. They have very attractive profiles. The company looks for assets that are long life and can provide stable cash flow streams. They tend to have a very strong balance sheet, as they like to buy sectors when they are out of favour. Dividend yield of 1.4%. (Analysts’ price target is $45.)


Price:
$48.270
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-09-12 WATCH Must be logged in to use chart CCL.B-T CCL Industries (B)

This hasn’t done well, but at the top of the chart, it was overvalued. When the Cdn$ was going down this was viewed as a proxy that would benefit from the weaker Cdn$, because a lot of their operations are outside of Canada. Now that the Cdn$ is strengthening, that is going to be a headwind. A good company and doing well in its businesses. It just has to grow a bit by acquisitions. It’s on her watch list as a possible Buy.


Price:
$57.140
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2017-09-12 HOLD Must be logged in to use chart CGX-T Cineplex Inc

Had been buying for new clients earlier this year and unfortunately, they are underwater. If you own, you should keep holding it. Yields over 4%, so you are getting paid to wait. The traffic into theatres was obviously soft, which she thinks was the movie slate. 2015 and 2016 were both record banner years. In the last 4-5 years, box office sales have continued to increase, as well as the number of tickets sold. Thinks the slate will improve. Management is trying to diversify out of just being in theatres, and making investments in the Rec Room, online gaming, Top Golf, etc. There is no rush to buy right away, because we know the 3rd quarter is going to be soft. If thinking longer-term, you can slowly start to add here.


Price:
$38.580
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-09-12 BUY Must be logged in to use chart CNR-T Canadian National R.R.

Growth stock for a dividend investor? This would be a high-quality growth stock. A very strong operator and obviously benefits from an improving economy and improving trade. It has a record of an increasing its dividends. This is the best operator of all the rails.


Price:
$99.660
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-09-12 PAST TOP PICK Must be logged in to use chart CSH.UN-T Chartwell Seniors Housing

(A Top Pick Sept 13/16. Up 2%.) Has held this for a number of years. Pays a good yield of about 4%. Thinks it has pulled back a little with the increases in interest rates. However, she likes the long-term story. They are the largest operator of retirement homes in Canada, and are well positioned to continue to grow.


Price:
$14.580
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-09-12 DON'T BUY Must be logged in to use chart CXR-T Concordia Healthcare

Doesn’t think this is investable. Net debt to EBITDA is about 11X, which is very high. They have absolutely no visibility in terms of pricing in the UK, because the whole pricing regime is changing. She can’t see how they are going to pay the debt which comes due in 2021.


Price:
$1.620
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2017-09-12 COMMENT Must be logged in to use chart DIS-N Walt Disney

The CEO spoke at a conference last week, and brought earnings guidance down for the fiscal year 2017, which ends in September. With the hurricanes in Florida, they are going to see less traffic including decreased occupancy in hotels. Have also had to cancel some of their cruise ships. They are going to start streaming direct to consumers’ platforms including ESPN. They envision this to have 10,000 new sporting programs that they are not currently showing. See it as being an a la carte menu where you can just choose to watch one big game or one league, without having to tap them all. The 2nd platform is their Disney platform which is going to include Disney Pixar, Marvel and Lucas films, which they are going to launch in 2019. All of this looks promising.


Price:
$97.890
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
2017-09-12 COMMENT Must be logged in to use chart ENB-T Enbridge

She likes it at this price. The yield is close to 5% and it rarely provides such a high yield. Likes the Spectra acquisition, which gave them exposure to North America in natural gas. They’ve indicated they can grow their dividend 10%-12% through 2024, a pretty attractive growth rate. There has been an overhang because they want to do this line replacement project. The last piece of regulatory approval they need is in Minnesota. They’ve already got approval from Canada, Wisconsin and North Dakota. The pipeline is already in the ground, but they want to replace the pipe and make it larger and add technology. Once they get that in place, they will be able to almost double capacity.


Price:
$49.910
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-09-12 WAIT Must be logged in to use chart GE-N General Electric

The stock has underperformed the market in the sector it is in. A new CEO started in August. In the next quarter, they are having an upcoming Analysts Day, where he will be talking about his expectation for growth going forward. Analysts are expecting that growth expectations will be moderated, which is why she thinks the stock has been pulling back. Feels the dividend is still safe. Wait to see what the new CEO has to say.


Price:
$23.910
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2017-09-12 PAST TOP PICK Must be logged in to use chart GIB.A-T CGI Group (A)

(A Top Pick Sept 13/16. Up 4%.) Was surprised this has not done better. She still likes the stock. A great growth name. They don’t pay a dividend, so are definitely interested in growing their business and reinvesting in the business, outsourcing and integration. Outsourcing is on long-term contracts which has more stable cash flow streams. Every few years, this tends to do a large acquisition to increase their geographic scope or their vertical they want to increase their presence. They are ready to do another acquisition, but haven’t been able to find anything that fits their financial discipline, so have been making a lot of smaller tuck in acquisitions. They are seeing good pickup in organic growth, particularly with the whole issues of Cyber Security and automating processes to compete with new technologies. Cyber Security is going to be an ongoing trend.


Price:
$63.230
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-09-12 COMMENT Must be logged in to use chart IPL-T Inter Pipeline

This is pipelines as well as midstream operations. A quite well-managed company. Have some big investments planning in their backlog. For now, it provides a very attractive yield of over 7%. They’ve been slowly increasing the dividend over time. If crude oil prices stay down, you may not see the increases we have seen in the past. She definitely feels the dividend is safe.


Price:
$22.620
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-09-12 PAST TOP PICK Must be logged in to use chart JNJ-N Johnson & Johnson

(A Top Pick Sept 13/16. Up 16%.) Still likes this. Their pharmaceutical division, consumer products division and medical device division all play into an aging demographics. The pharmaceutical division is doing quite well right now. Has a lot of new products that are doing well. She sees decent earnings growth in the high single digits range. Very strong balance sheet. Pays a dividend of just over 2%, and has increased the dividend for the last 56 years.


Price:
$132.630
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-09-12 COMMENT Must be logged in to use chart NA-T National Bank of Canada

She likes Canadian banks as a group, and there is nothing particularly wrong with this one, but there are others in the big 6 she prefers. This one is more domestically oriented and doesn’t have the geographic participation as some of the others. Also, tends to have a higher capital market exposure in terms of their composition of revenues and earnings, which tends to be a bit more volatile.


Price:
$57.690
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2017-09-12 DON'T BUY Must be logged in to use chart QCOM-Q Qualcomm

With all the patent disputes going on, including Apple (AAPL-Q) and all the countries that are not paying their royalty fees, there is not a lot of visibility in terms of how it is going to play out. A very volatile stock, so she would not step in here.


Price:
$50.900
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2017-09-12 BUY on WEAKNESS Must be logged in to use chart RTN-N Raytheon

For a long-term hold? Defence is a sector that she wants to gain some exposure in. However, defence is a little ahead of itself. Trading at very high multiples. They’ve all had really good runs.


Price:
$182.500
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
2017-09-12 COMMENT Must be logged in to use chart SAP-T Saputo Inc.

A dairy processor, well-managed, that tends to grow by acquisition. There is no compelling reason for her to want to own this. It is not trading at a really attractive multiple, and tends to be reasonably valued at all times.


Price:
$42.360
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2017-09-12 TOP PICK Must be logged in to use chart TD-T Toronto Dominion

She likes the banks, and this one in particular. They had a very strong quarter. A year ago, people thought they were overvalued versus historical. Now, in terms of price to earnings and price to BV, they are in line with historical. Rising interest rates should be positive for banks. She also likes their US exposure. Dividend yield of 3.6%. (Analysts’ price target is $74.)


Price:
$66.680
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-09-12 COMMENT Must be logged in to use chart TECK.B-T Teck Resources Ltd. (B)

This has exposure to met coal, copper and zinc. Met coal prices tend to be quite volatile, and have been recovering. Also, zinc prices have been improving. Of all the commodities, she feels zinc is the most favourable. Hasn’t been adding to her holdings. Would like to wait for it to pull back a bit more, as well as more clarity as to what met coal prices look like for the balance of the year.


Price:
$28.250
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-09-12 TOP PICK Must be logged in to use chart UTX-N United Technologies

A global provider of products and services for building services and aerospace. In the building service space, they provide equipment for heating, ventilation, air conditioning and security. This would include Carrier and Chubb. They also have a 34% share in Otis Elevators. Also, do aerospace components, engines, lighting, etc. They own Pratt and Whitney, an airplane manufacturer. Just announced the acquisition of Rockwell Collins, another aerospace manufacturer, which they expect to close a year from now. Dividend yield of 2.5%. (Analysts’ price target is $125.)


Price:
$109.860
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-09-12 DON'T BUY Must be logged in to use chart VRX-T Valeant Pharmaceuticals

There is way too much debt on the balance sheet. The net debt to EBITDA is about 7X, very, very high. New management has come in, made some asset sales and paid off some debt that was coming due. The next tranche of debt is not due until 2020. However, there is very little visibility in terms of their products going forward. They are going to experience more genetic competition and pricing pressure in their dermatology division. It is hard to see how they are going to generate the necessary cash to start their debt repayments down the road.


Price:
$17.600
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2017-08-16 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. When Trump was first elected, sentiment was very positive. Pro-growth policies would be put in place. So far, he is not accomplished anything, and it is somewhat discouraging that the councils are being disbanded, as he would be getting good advice from various CEOs. It is somewhat encouraging that nothing has been put through and markets are continuing to go higher, especially in the US. It has really been driven by profit growth. We are now trading above historical averages and we really need to see proper growth come through, which it is doing. Second quarter earnings is just winding down and have come in stronger than expected, double-digit year-over-year. Expectation was around 7%. What is more encouraging, is that we are also seeing growth in the euro zone economies. Japan is even growing now. China seems to be stabilizing. To her, equities still remain the asset class of choice if investors can withstand the volatility and the risk associated with them.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
_N/A
2017-08-16 COMMENT Must be logged in to use chart AABA-Q Altaba Inc

For now, this just represents their position in Alibaba (BABA-N), so it is kind of a reflection on how Alibaba is doing. Alibaba is doing very well, but the valuation is very high and very difficult to assess a downsize if something goes wrong.


Price:
$60.650
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2017-08-16 COMMENT Must be logged in to use chart AEM-T Agnico-Eagle Mines

A gold producer, and she doesn’t own a lot of gold equities. If she decided to increase her weighting in gold, this would be a name she would go to.


Price:
$58.970
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2017-08-16 COMMENT Must be logged in to use chart ALA-T Altagas Ltd

Owns this in a few accounts. It is a midstream company. The yield is very attractive. In this past week, she has noticed all of these energy infrastructure names, including the pipelines, have been pulling back. This represents an attractive entry point for people who want income. Dividend yield of 7.6%.


Price:
$27.660
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-08-16 TOP PICK Must be logged in to use chart BAM.A-T Brookfield Asset Management (A)

An alternative asset manager with over $250 billion under management. They invest for their shareholders and clients into 4 general areas. Property, renewables, infrastructure and private equities. In those sectors, they are looking for real assets that have a long life that are able to generate a stable stream of cash flow. A very good track record of making money for shareholders and their clients. Globally diversified, so a good opportunity for Canadian investors to get a position in a company that has the relationships and resources to bid on large infrastructure projects. She likes that senior management owns a very high percentage of stock. Dividend yield of 1.4%. (Analysts’ price target is $45.)


Price:
$49.390
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-08-16 COMMENT Must be logged in to use chart CAE-T CAE Inc

Flight simulation and training. It is on her watch list. In a good space, because there is an increasing demand for their products. Feels it is fully valued right now.


Price:
$20.780
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2017-08-16 PAST TOP PICK Must be logged in to use chart CGX-T Cineplex Inc

(A Top Pick Aug 16/16. Down 13.43%.) Reported last week and the stock got hit fairly badly, and is down 15% since it reported. A very attractive opportunity to get into the stock. They closed down about 11 theatres to retrofit the seating, which should benefit them in the future. Thinks the company is trying to diversify away from the theatre base. Dividend yield of about 4%. If you don’t own, she would use this pricing to build a position.


Price:
$42.520
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-08-16 HOLD Must be logged in to use chart CPG-T Crescent Point Energy Corp

Owns a bit of this in some of her client’s portfolios from before the energy prices started to fall apart in 2014. The stock has done very poorly on the reflection of energy prices, but also has underperformed its peers. When energy troughed out in February 2016 at $26-$27, this was around $16. Now energy is up $47 and the stock is at $9. Their balance sheet is relatively strong. They have an attractive yield and she doesn’t anticipate that they are going to cut the dividend unless there is continued weakness in crude oil prices. Dividend yield of 4.2%.


Price:
$8.660
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-08-16 BUY Must be logged in to use chart ENB-T Enbridge

This is an attractive entry point. They acquired Spectra. Enbridge is typically more of a crude oil pipeline. Spectra is natural gas, and is all US, so it expanded their geographic scope as well as diversifying their commodity base. The company indicated that they feel they can grow their dividend 10%-12% annually to 2024.


Price:
$49.440
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-08-16 PAST TOP PICK Must be logged in to use chart FTS-T Fortis Inc.

(A Top Pick Aug 16/16. Up 12.58%.) Continues to like this. It has held up well relative to a lot of other interest sensitive names. She likes the US acquisition they did earlier on. Dividend yield of about 3.5%.


Price:
$46.020
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-08-16 WAIT Must be logged in to use chart GE-N General Electric

The stock has really underperformed its industrial peers as well as the market overall. A new CEO is coming in. The previous CEO did a lot to decrease exposure to the financial services division. The issue going forward is that they have to find something to replace those earnings. She would wait for the new CEO to come on board, to see what his vision and plans are, and what areas he wants to expand in.


Price:
$25.100
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2017-08-16 TOP PICK Must be logged in to use chart HD-N Home Depot

She likes home improvement. It is really about US housing, recovery, turnover, the age of the housing stock. All those factors benefit this company. As employment improves and consumer confidence improves, people will spend more on their home. Two thirds of the housing stock in the US is over 30 years old, and about half is actually over 40 years old. They just reported and had good numbers. Dividend yield of 2.3%. (Analysts’ price target is $175.)


Price:
$152.250
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-08-16 BUY Must be logged in to use chart HR.UN-T (Dead) H&R Real Estate Inv Trust

A good entry point. It has pulled back quite a bit, and for no fundamental reason. Generally, rising interest rates are not that favourable for REITs, but she is not anticipating a sharply rising interest rate environment. They are in commercial as well as some residential in the US. A well-run company. Dividend yield of 6.5%.


Price:
$21.210
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-08-16 HOLD Must be logged in to use chart ITP-T Intertape Polymer Group

A tape manufacturer, so they are going to follow a lot of what is going on with industrial packaging. A pretty well-managed company. In an environment where industrial activity and economies are improving, this company should do well.


Price:
$20.150
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2017-08-16 COMMENT Must be logged in to use chart JNJ-N Johnson & Johnson

A diversified health care company with pharmaceuticals, medical products and consumer products. She likes this. It is well diversified. Their Pharma division is doing quite well. It has a very strong triple A balance sheet. They typically increase their dividend and has done so for the last 50 years. Growth has been improving because of their pharmaceutical division. Valuations are still reasonable. For the long-term, this is a very good holding.


Price:
$134.170
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-08-16 COMMENT Must be logged in to use chart MCD-N McDonalds

She prefers Yum Brands (YUM-N) whose franchises are Taco Bell, Pizza Hut and KFC. McDonald’s has done well and is a good company with good standing internationally.


Price:
$158.900
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2017-08-16 COMMENT Must be logged in to use chart MDA-T MacDonald Dettwiler & Assoc.

A satellite manufacturer. Has owned this in the past. Growth has been lumpy in the US. They’ve recently done an acquisition which will increase their growth prospects, so she is watching and monitoring to see how the acquisition gets digested, and potentially she could buy it back at some point.


Price:
$68.630
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2017-08-16 PAST TOP PICK Must be logged in to use chart MDLZ-Q Mondelez International

(A Top Pick Aug 16/16. Up 5.28%.) Owns this for the long-term sector of the consumer in emerging markets. As people make more money, they are increasing demand for packaged goods. This is the global leader in chocolate, biscuits, candy and gum. About 40% of their revenue comes from emerging markets which are starting to see some growth.


Price:
$44.190
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-08-16 COMMENT Must be logged in to use chart MG-T Magna Int'l. (A)

The concern on all auto stocks is that US auto sales have peaked at about 17 million units, and growth is slow to pick up in Europe. A concern for Canadian manufacturers is that we have NAFTA, which really impacts the trade of auto parts going back and forth. For now, she is waiting on the sidelines. This company is the most global and does have leverage to an increase in content per vehicle in Europe and China.


Price:
$59.510
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2017-08-16 COMMENT Must be logged in to use chart NFI-T New Flyer Industries Inc.

Bus manufacturer and after hour services. A very well-managed company. They have a lot of business in the US. She has this on her watch list, and on a pullback, she might add it to her portfolios. 2.4% dividend yield.


Price:
$53.110
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2017-08-16 BUY Must be logged in to use chart PPL-T Pembina Pipeline Corp

This is currently an attractive entry point. The stock held up quite well through the whole energy decline. They are in the process of acquiring Veresen (VSN-T), which will add to their growth outlook going forward. A good income stock. Dividend yield of 5%.


Price:
$40.130
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-08-16 COMMENT Must be logged in to use chart QQQ-Q Power Share QQQQ ETF

This has been tracking very well to the S&P 500 over the last 18 months. She would rather own individual stocks, because in this group there are some stocks that are very overvalued, which she wouldn’t buy.


Price:
$144.280
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2017-08-16 TOP PICK Must be logged in to use chart RY-T Royal Bank

She likes the banking group as a whole. They really haven’t done much this year. The Canadian economy is improving and rates are slowly rising, which is good for net interest margins. Feels the housing market is moderating and softening, but doesn’t see it collapsing. The bank also has exposure to the US through its acquisition of City National with good opportunities for growth. With a rising rate environment, we should see expanding margins. Dividend yield of 3.7%. (Analysts’ price target is $102.)


Price:
$92.960
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-08-16 COMMENT Must be logged in to use chart SBUX-Q Starbucks

Feels this is transitioning from a very high growth company to a slower growth, and that it is fully valued.


Price:
$53.500
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
2017-08-16 HOLD Must be logged in to use chart SCL-T Shawcor Ltd. (A)

A global leader in pipe coating. They recently reported, and management seems optimistic that drilling activity has troughed. It is rising in North America, and this company is seeing the benefits of that. A lot of their larger projects in 2015 and 2016 were being put on the back burner and delayed. But now they are being asked to bid a lot more larger projects. If you are a long-term investor, you could start picking at this here.


Price:
$25.150
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-08-16 COMMENT Must be logged in to use chart T-T Telus Corp

She owns this in a few accounts, but not broadly. Telecoms are not a big weighting in her portfolios. If you are looking for income, this and the other telcos offer a good investment for income. Their yields are safe.


Price:
$44.910
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-08-16 COMMENT Must be logged in to use chart WEED-T Canopy Growth Corp.

Doesn’t own any of the cannabis stocks. The problem is, valuation. Market cap on this company is significantly larger than any multiple of sales you can put on it. The sector is still very much news and sentiment driven.


Price:
$8.910
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2017-08-16 COMMENT Must be logged in to use chart XGD-T iShares S&P/TSX Global Gold

She generally doesn’t buy ETF’s and would normally buy individual gold producers. This one picked up, on North Korea’s and US relations. Typically, if there is increased uncertainty and volatility, that is usually good for gold. Also, if the US$ is weakening, that is good for gold. She has a very low weighting of gold in her clients’ portfolios. Inflation is very benign globally. This is not the environment right now to be heavily into gold.


Price:
$12.400
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2017-07-12 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Economy. The numbers we are seeing are improving and broadening. The job numbers yesterday were very strong. Unemployment is back around 6.5%. The Canadian economy has probably seen the worst since energy prices started collapsing a couple of years ago. Thinks the economy has now adjusted to low oiler prices for longer on oil. A lot of energy companies have restructured their balance sheets and many have cut their dividends. Oil has probably a model of $45-$55 range. There is still a lot of uncertainty regarding what happens to OPEC. There have been some encouraging trade numbers in manufacturing for the last few months. The Cdn$ was quite weak, but has had a bit of a rally with a rate increase. Increases will be very slow and will be based on what the governor sees as data comes out. In her portfolios, she still has about 45% of equities outside of Canada. The US economy is recovering.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
_N/A
2017-07-12 BUY on WEAKNESS Must be logged in to use chart AC-T Air Canada

Not an industry she typically invests in. The stock has done quite well. If you want to enter the stock, wait for a lower price point.


Price:
$20.800
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
2017-07-12 COMMENT Must be logged in to use chart AGU-T Agrium

Their merger with Potash (POT-T) is expected to close at the end of this quarter. It hasn’t been approved, but she expects it will be. She intends to continue holding this after the merger.


Price:
$121.490
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2017-07-12 COMMENT Must be logged in to use chart AQN-T Algonquin Power & Utilities Corp

Cenovus Energy (CEV-T) or Algonquin Power (AQN-T) for long-term gains and dividends? All interest sensitive stocks in a rising interest rate environment tend to pull back, especially so in a sharply rising rate environment, which she does not anticipate in Canada. If we get these pullbacks and high-quality utilities, it is a good time to get in. If you want yield, this is definitely the stock to get into. Cenovus is an energy oil sands producer, whose cash flow is going to be largely predicated on what crude oil does.


Price:
$13.020
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Unknown
2017-07-12 HOLD Must be logged in to use chart ATD.B-T Alimentation Couche-Tard (B)

Just reported and had pretty good numbers. A relatively mature industry, but they are consolidators. They buy assets and integrate them in. With the recent downturn in energy, the major energy companies are pulling out of running gas stations, and this company is a natural acquirer of those. That is how they maintain their growth. Thinks this is fully valued.


Price:
$62.400
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
2017-07-12 COMMENT Must be logged in to use chart C-N CitiGroup

This is really a play on the US economy and a recovery in the financial sector. They’ve done various share consolidation, and the stock has done quite well. They are finally getting their house in order. Prefers Wells Fargo (WFC-N) whose yields are higher.


Price:
$66.920
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
2017-07-12 COMMENT Must be logged in to use chart CCL.B-T CCL Industries (B)

A packaging company that grows through acquisition and integrates quite well. The family was selling some of their B stocks, and probably was just a function of the B shares coming to the market which suppressed the share price a little. Feels the stock is fully valued, and would want to get it in the low $60 area.


Price:
$61.700
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
2017-07-12 COMMENT Must be logged in to use chart CM-T Canadian Imperial Bank of Commerce

She likes the Canadian banks, which have pulled back from their highs earlier this year. She anticipates they will increase dividends at the same rate as their earnings growth, in the 7%-8% range. This one is primarily a domestic bank. There is not a lot of growth left in Canada, and this has not had a great track record. When they do expand, they tend to pull back. They paid a very full price for the US acquisition they are making. This wouldn’t be one of her top picks.


Price:
$107.410
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
2017-07-12 COMMENT Must be logged in to use chart CPG-T Crescent Point Energy Corp

Some clients hold this from a couple of years ago, and she hasn’t bought for new clients. She is waiting for energy prices to stabilize and to see a drawdown in inventory. This company is primarily oil, so the share price is going to be dictated by where oil goes. Like many other companies, they cut their dividend in the last downturn. Their balance sheet is in pretty good shape, so if energy stays at these levels and doesn’t fall further, they could probably maintain that dividend. Dividend yield of 4.07%.


Price:
$9.170
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2017-07-12 TOP PICK Must be logged in to use chart CSH.UN-T Chartwell Seniors Housing

The largest provider of seniors housing communities in Canada. In the last couple of weeks, this has gone from $16 to almost $15, which is why she chose it. Everyone is getting older and living longer. It is still a very fragmented market, and this is the leader in the space. Dividend yield of 3.8%. (Analysts’ price target is $16.75.)


Price:
$15.210
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2017-07-12 COMMENT Must be logged in to use chart CVE-T Cenovus Energy

Cenovus Energy (CEV-T) or Algonquin Power (AQN-T) for long-term gains and dividends? All interest sensitive stocks in a rising interest rate environment tend to pull back, especially so in a sharply rising rate environment, which she does not anticipate in Canada. If we get these pullbacks and high-quality utilities, it is a good time to get in. If you want yield, Algonquin Power is definitely the stock to get into. This one is an energy oil sands producer, whose cash flow is going to be largely predicated on what crude oil does.


Price:
$9.220
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Unknown
2017-07-12 BUY Must be logged in to use chart ENB-T Enbridge

This is a fine company. Feels the dividend is safe. They acquired Spectra, a natural gas transition company in the US. Based on the projects they have and the backlog the sector has, they can increase their dividend 10%-12% through 2024. In a rising rate environment, it is very important to find companies that have an attractive yield. Dividend yield of 4.66%.


Price:
$50.980
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2017-07-12 TOP PICK Must be logged in to use chart GIB.A-T CGI Group (A)

This has outsourcing with about 55% of their business. Systems integration and contracting is about 45%. The 55% is very much a reoccurring revenue stream, so is a stable stream of cash. Every few years they tend to make a large acquisition that either broadens their geography or deepens them in a vertical market. Logical was the last acquisition a few years ago that really gave them exposure in Europe. It was not a well-run company and margins were much lower. They brought them back up, and Europe is now about 55% of their business. They are ready to make another large acquisition, but are very disciplined on pricing, so are making smaller acquisitions. Organic growth is picking up. (Analysts’ price target is $74.)


Price:
$66.620
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2017-07-12 PAST TOP PICK Must be logged in to use chart GOOGL-Q Alphabet Inc. (A)

(A Top Pick July 12/16. Up 31.18%.) This is her play on the Internet and digital advertising. When it got close to $1000, she took some money off the table. To buy more, she would like to see it pull back to around $900. A great company in terms of revenue growth. They grew their top line over 20% over the last 29 consecutive quarters. Regarding online advertising, she thinks it still has some growth in terms of overall corporate advertising budget, and this company will garner a large share of that.


Price:
$967.660
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2017-07-12 COMMENT Must be logged in to use chart GS-T Gluskin Sheff and Associates

Just reached a settlement. She prefers wealth management through the big banks. If existing shareholders want to sell, it could probably be a candidate for a take out by one of the big banks, however, she has not heard anything about them being for sale.


Price:
$17.950
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
2017-07-12 COMMENT Must be logged in to use chart HCG-T Home Capital Group

Just announced a new CEO and he has to reassess the strategy. They still have to stabilize their funding sources. They are offering higher rates for their GICs to attract funding, which means they are going to have to charge higher rates, meaning the incremental person who is seeking a mortgage, may not be able to afford it if rates are higher. There is still the question of how this business model is going to evolve. She prefers the big banks.


Price:
$14.390
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
2017-07-12 COMMENT Must be logged in to use chart HD-N Home Depot

This is a play on the US economy and housing market. The company thinks they are still in the middle innings of the housing recovery. The 2008 recession was so severe that recovery has actually been delayed. The company is doing very well on building out their online strategy. Also, this whole sector is somewhat insulated from Amazon (AMZN-Q).


Price:
$152.590
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2017-07-12 PAST TOP PICK Must be logged in to use chart L-T Loblaw Companies Ltd

(A Top Pick July 12/16. Up 1.86%.) The stock had gone up to about $7-$8 and then Amazon (AMZN-Q) acquired Whole Foods which impacted all the retailers in the US as well as our Canadian grocers. This is a really attractive entry point. Loblaw’s has a pilot project called “Click and Collect” where you can order online. She also likes Shoppers because of the demographics.


Price:
$71.040
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2017-07-12 COMMENT Must be logged in to use chart LNR-T Linamar Corp

Auto parts. She doesn’t own anything in this space. They’ve done a good job of growing the last 20-25 years. Depending on how NAFTA or free trade works out, it could impact their business, and that has kind of served as an overhang on the stock. If she were going to play the space, she would prefer Magna (MG-T), which is more global. They are doing a lot of investing in driverless cars, and have more leverage in Europe and Asia.


Price:
$66.650
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
2017-07-12 TOP PICK Must be logged in to use chart MDLZ-Q Mondelez International

A leading manufacturer of biscuits, candy, chocolate and gum. She likes this because they are positioning in emerging markets where 35% of their revenues come from. As personal income levels increase, this company is very well positioned to participate in the growth. They are very focused on improving margins. Dividend yield of 1.8%. (Analysts’ price target is $50.)


Price:
$43.240
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2017-07-12 COMMENT Must be logged in to use chart QCOM-Q Qualcomm

A very volatile stock. They get royalty payments on their patents, and are having a dispute with Apple (AAPL-Q). As well as an issue of collecting royalties in other countries such as China. She doesn’t have a high visibility of their earnings and cash flow, so is not looking to enter this one.


Price:
$56.200
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
2017-07-12 HOLD Must be logged in to use chart SCL-T Shawcor Ltd. (A)

She owns this, and it has been a somewhat volatile ride, because their fortunes are somewhat connected to the energy patch, being a global pipeline coater. A lot of the pipeline systems in North America are quite old and need refurbishment and it is very hard to build new pipelines. The stock is currently at $26.80, and she wouldn’t sell it down here.


Price:
$26.780
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2017-07-12 COMMENT Must be logged in to use chart SHOP-T Shopify Inc.

The stock has done very well and they are in a great sector. There is great growth in e-commerce. As a value-based investor, she doesn’t own the stock. It is a momentum growth stock, and it is hard to justify buying it on fundamental valuation multiples.


Price:
$120.610
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
2017-07-12 SELL Must be logged in to use chart TEVA-N Teva Pharmaceutical

There are some competitive pressures with one of their main drugs, and there is not a lot of visibility for future growth. It is always hard to take losses, but she would get out of this. As an alternative, she would suggest Johnson & Johnson (JNJ-N) or Abbott Labs (ABT-N), which are very diversified.


Price:
$32.090
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
2017-07-12 PAST TOP PICK Must be logged in to use chart WHR-N Whirlpool Corp

(A Top Pick July 12/16. Up 14%.) A global appliance manufacturer. 70% of its profits come from North America with the balance from Europe and emerging markets. This is a play on repair/renovations, housing turnover, appliance age. Trading at a pretty attractive multiple. In emerging markets, appliance penetration is much lower than in the US. In China it’s 36% and in India it is below 20%. There is lots of room to grow in those markets.


Price:
$192.260
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
Yes
2017-06-15 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  Economies are looking pretty good around the world.  Things are improving and it is not just contained to the US.  Everything is in expansion mode in the US.  Emerging markets are stabilizing.  We are seeing instability in oil.  Canada is saying the economic recovery is broadening to other sectors.  She is encouraged that corporate profits in those areas are improving.  Low energy prices are keeping inflation low.  Multiples are high, but corporate profits are coming through.  Second quarter profits should continue.  She forecasts 10-11% profit growth in S&P going forward.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on NORTH AMERICAN ECONOMY
Owned:
_N/A
2017-06-15 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Gold.  She is very low in terms of gold exposure because inflation is very benign right now.  The US$ is quite strong right now.  Volatility is quite low and near historic lows. 


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on NORTH AMERICAN ECONOMY
Owned:
_N/A
2017-06-15 DON'T BUY Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Marijuana IPOs.  It is not a sector she is looking at because it is news and momentum driven.  If companies can go public, they are probably taking advantage of the environment.  There is not a lot of fundamental data to work on.  Momentum is based on the assumption that recreational use gets legalized.  It is hard to model out who is going to be winning going forward.  The ETF in the sector creates momentum in stocks and it does not differentiate which ones are attractive.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on NORTH AMERICAN ECONOMY
Owned:
No
2017-06-15 HOLD Must be logged in to use chart AAPL-Q Apple

The next iPhone is part of the run up as part of their off shore cash that may be repatriated if Trump comes through.  It would be a one-time boost to the balance sheet.  She would prefer to see more avenues of growth.  Basically phones are just replacement demand.  She is not sold as a growth story.


Price:
$144.290
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on NORTH AMERICAN ECONOMY
Owned:
Unknown
2017-06-15 BUY on WEAKNESS Must be logged in to use chart ABT-N Abbott Labs

She continues to hold it and likes it.  They have done well this year so she would wait for a pull back to add to this position.  They are good at taking costs out.  They always increase their dividend and it should continue.  A good core holding.


Price:
$48.120
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on NORTH AMERICAN ECONOMY
Owned:
Yes
2017-06-15 BUY Must be logged in to use chart AGU-T Agrium

She likes it and owns it. This is her exposure in that space.  It is the increasing demand for nutrients in emerging markets.  Also, they have a retail operation that protects them went prices turn down.  They are merging with POT-T when potash prices are near trough levels.  She likes the space.  The industry is consolidating.  There is increasing demand on nutrients. 


Price:
$122.190
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on NORTH AMERICAN ECONOMY
Owned:
Unknown
2017-06-15 DON'T BUY Must be logged in to use chart BAC-N Bank of America

She has WFC-N.  The expectation was very high that rates would be raised yesterday.  The yield curve is flattening rather than increasing.  WFC-N was not hit as hard during the banking crisis.  BAC-N should be slowly improving their dividend.


Price:
$23.540
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on NORTH AMERICAN ECONOMY
Owned:
No
2017-06-15 WATCH Must be logged in to use chart BIP.UN-T Brookfield Infrastucture Partners

That whole group has done very well and she would expect it to continue.  She is watching the parent company with the idea of entering.


Price:
$52.810
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on NORTH AMERICAN ECONOMY
Owned:
No
2017-06-15 WATCH Must be logged in to use chart CCL.B-T CCL Industries (B)

It is on her watch list.  It has made good acquisitions and good growth, but she would not enter it right now.


Price:
$68.270
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on NORTH AMERICAN ECONOMY
Owned:
No
2017-06-15 WATCH Must be logged in to use chart CM-T Canadian Imperial Bank of Commerce

CIBC is not one of the three she owns broadly.  They have been primarily domestic.  It was hard to see above trend growth. They recently acquired a US bank and so we will have to see how they do.  They got out of the US previously.  As a group she like them as they have pulled back recently.  The improving Canadian economy will be positive for Canadian banks.


Price:
$106.000
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on NORTH AMERICAN ECONOMY
Owned:
No
2017-06-15 PAST TOP PICK Must be logged in to use chart CVS-N CVS Health Corp

(Top Pick Jun 14/16, Down 15%) It stumbled due to competition.  She likes both businesses.  The company is very well managed.  The demographics are good, the industry is consolidating and this should be a surviving player.  It trades below WBA-Q and this is a good entry point to get back in.


Price:
$80.090
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on NORTH AMERICAN ECONOMY
Owned:
Yes
2017-06-15 TOP PICK Must be logged in to use chart DIS-N Walt Disney

She has owned it for a number of years.  There has been cord cutting affecting ESPN.  But it is being included in the skinny bundles.  They are doing well in terms of the studio.  The Marvel theme is doing well.  Star Wars is ongoing.  It translates into more merchandize and shows in the theme parks.  Shanghai Disney is doing better than expected.  It should make money this year.  (Analysts’ target: $124.00).


Price:
$105.980
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on NORTH AMERICAN ECONOMY
Owned:
Yes
2017-06-15 TOP PICK Must be logged in to use chart ENB-T Enbridge

20% of natural gas goes thought this company.  They have good visibility to cash flow projects.  They have 1-20% growth through 2024.  It is a good time to build a position and get into the name.  It has an attractive yield.  It got to a 52 week low today and bounced off that.  (Analysts’ target: $62.00). 


Price:
$50.310
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on NORTH AMERICAN ECONOMY
Owned:
Yes
2017-06-15 DON'T BUY Must be logged in to use chart EXE-T Extendicare Inc

She likes the seniors housing market.  They are expanding their nursing home position, but she prefers CSH.UN-T.  She would add this one over EXE-T on a pullback because she prefers private to public.


Price:
$10.170
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on NORTH AMERICAN ECONOMY
Owned:
Unknown
2017-06-15 BUY on WEAKNESS Must be logged in to use chart FTS-T Fortis Inc.

She added it a year to a year and half ago.  Electrical utility are very stable.  They acquired a gas utility in the US last year and it really expanded their exposure.  They create a rising stream of dividends.  3.6% yield, a safe heaven.  She would still hold it or scale into the stock.


Price:
$45.560
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on NORTH AMERICAN ECONOMY
Owned:
Yes
2017-06-15 BUY Must be logged in to use chart HR.UN-T (Dead) H&R Real Estate Inv Trust

She likes the name.  Commercial, industrial and blue chip client base with high occupancy and long leases.  They have a bit of retail.  They pulled back a bit, but it could be because of a building in Calgary with EnCana as the primary tenant, which has a long term lease.  She is more cautious on more retail REITs, with Target going.  Although they are able to lease out at higher rates than Target had.  They have a stable cash flow stream.


Price:
$22.590
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on NORTH AMERICAN ECONOMY
Owned:
Yes
2017-06-15 BUY on WEAKNESS Must be logged in to use chart IFP-T Interfor Corp

She owns IFP-T.  It has an attractive yield, being hit with declining energy prices.  They made attractive acquisitions.  They have a pipeline that will give them an attractive dividend for the next few years.  She thinks that it will moderate going forward.  It is a high quality name and well positioned.  You could buy on weakness for the yield. 


Price:
$18.010
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on NORTH AMERICAN ECONOMY
Owned:
Unknown
2017-06-15 DON'T BUY Must be logged in to use chart KR-N Kroger Co.

She does not follow it closely.  Food retaining is quite competitive.  She does not like the space in the US.  She only owns L-T in Canada and they also have shoppers which she likes.  She would not add US retailers to the US portfolios. 


Price:
$24.560
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on NORTH AMERICAN ECONOMY
Owned:
Unknown
2017-06-15 HOLD Must be logged in to use chart PPL-T Pembina Pipeline Corp

They bought VSN-T. She owns PPL-T.  She likes the acquisition as it gets them additional growth. Keep the PPL-T shares after the acquisitions. They offer an attractive dividend yield also.


Price:
$43.270
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on NORTH AMERICAN ECONOMY
Owned:
Yes
2017-06-15 DON'T BUY Must be logged in to use chart QSR-T Restaurent Brands International

They have done very well compared to the overall TSX.  They operate Tim Horton’s and Burger King.  She thinks it is overextended, even though they are very good operators.  You want to see how that international expansion takes hold.  She would not jump in here.


Price:
$79.030
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on NORTH AMERICAN ECONOMY
Owned:
Unknown
2017-06-15 PAST TOP PICK Must be logged in to use chart RY-T Royal Bank

(Top Pick Jun 14/16, Up 26%) One of the top three banks, which she owns.  There were hedge funds shorting them based on housing, but it has gone through that.  They have a diversified business.  It had increased its dividend earlier this year to around 3.8%.  Earnings will grow 7-8% this year and dividends should increase.


Price:
$93.630
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on NORTH AMERICAN ECONOMY
Owned:
Yes
2017-06-15 PARTIAL SELL Must be logged in to use chart SHOP-T Shopify Inc.

It is a growth stock, very well positioned, but it is a momentum stock and the valuation is too high for her.  She would not be buying it and might trim back if it is a big position.


Price:
$113.570
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on NORTH AMERICAN ECONOMY
Owned:
No
2017-06-15 PAST TOP PICK Must be logged in to use chart WHR-N Whirlpool Corp

(Top Pick Jun 14/16, Up 15%) Number one appliance manufacturer in the world.  It is basically a replacement demand market, mostly from North America.  The average appliance is designed to last about 10 years.  There is a lot of room around the world to add appliances.


Price:
$196.240
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on NORTH AMERICAN ECONOMY
Owned:
Yes
2017-06-15 TOP PICK Must be logged in to use chart XYL-N Xylem Inc.

They do treatment and transportation of water.  Only 1% of water in the world is drinkable.  They are building out water infrastructure in emerging markets and in North America the water infrastructure is very old.  (Analysts’ target: $55.00)


Price:
$53.960
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH on NORTH AMERICAN ECONOMY
Owned:
Yes
2017-05-16 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. Thinks earnings are starting to catch up with valuations now. The S&P 500 is up 12% since the US November election. Expectations are that we’re in a more growth friendly environment even though Trump’s policies have not all come through. We need to see the earnings come through. It looks like year-over-year 1st quarter earnings are going to be up at around 14%-15%, the 1st double digit pace since 2011. We’ve done better than expected. Also, comments on conference calls have been encouraging. Europe and emerging markets are stabilizing.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
_N/A
2017-05-16 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Energy. Thinks oil prices will remain quite volatile. She is not committing capital to this sector yet. She was encouraged by what OPEC and Russia said yesterday, and thinks they want to maintain a price level of around $50. However, US shale production is ramping up which is offsetting the benefits of the production cuts. Until they see a sustainable draw down in inventories, that is when she will get more positive.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
_N/A
2017-05-16 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Gold? She has a very low weighting in gold in her clients’ accounts. The reason to hold gold is usually because of uncertainty, and that really isn’t in the cards right now. Inflation is another reason and the pressures are not that strong.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2017-05-16 HOLD Must be logged in to use chart ARX-T Arc Resources Ltd

Sell holdings? She actually added a bit to her holdings in December when OPEC 1st announced the production cuts. A very low cost producer and in a very attractive region in the Montney. Have a very strong balance sheet, stronger than its peers. She would not sell this, and is hoping for improved energy prices over the next 6-12 months.


Price:
$18.100
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-05-16 BUY Must be logged in to use chart BCE-T BCE Inc.

A good name for an income investor. It has an attractive yield. Recently closed on the Manitoba Tel acquisition, so there should be some synergies. She has a target price of $63-$64 which will give you an 8% capital appreciation, plus the yield of 4.73%. The dividend will continue to be increased over time. If there is a pullback, the stock should hold in quite well.


Price:
$60.710
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-05-16 HOLD Must be logged in to use chart CCL.B-T CCL Industries (B)

A company she would like to own. The stock has done very well. They’ve made some very successful acquisitions, and she is waiting for a pullback.


Price:
$308.030
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2017-05-16 COMMENT Must be logged in to use chart CGX-T Cineplex Inc

Has owned this for a number of years. It is the largest theatre operator in Canada. The concession and ticket prices represents 75% of earnings. The other 25% is media, and there are good growth prospects in this area, particularly in the US. They are trying to diversify the revenue stream and are opening the rec room concept. They are very good at increasing the amount that you spend once you are in their theatres. Yielding around 3%.


Price:
$52.650
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-05-16 BUY on WEAKNESS Must be logged in to use chart CNR-T Canadian National R.R.

This is her pick in the rail space. They had a really strong quarter, and the stock moved on that. Wait for a drop in price to under $100 before stepping in.


Price:
$102.220
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-05-16 HOLD Must be logged in to use chart CPG-T Crescent Point Energy Corp

Though she has this in some portfolios, she has not been actively buying for a couple of years. The stock price will be dictated by where crude prices go. If the OPEC production cuts have more effect, and we start to see inventory drawdowns, then energy names can start working. This company has been known to issue a lot of equity to fund positions to grow their inventory land. The last issue they did was not very well received. They have a very attractive land base to drill from, so she doesn’t expect they will be looking to acquire more.


Price:
$13.160
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-05-16 PAST TOP PICK Must be logged in to use chart DIS-N Walt Disney

(A Top Pick May 18/16. Up 11%.) ESPN has been an overhang on the stock. They’ve been losing customers and this was a very profitable division for them. However, the declines have been moderating, and people are watching content much more differently than previous generations. On their quarterly call, they indicated they are going to offer an ESPN branded direct consumer product later this year.


Price:
$107.980
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-05-16 HOLD Must be logged in to use chart ECI-T EnerCare Inc

Reported earnings about a week ago, which were a bit soft. Doesn’t think it was anything to be concerned about. It has quite an attractive yield. This is on her watch list.


Price:
$18.640
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2017-05-16 BUY Must be logged in to use chart ENB-T Enbridge

A pipeline stock, and they did an acquisition that increases their presence in the US on the natural gas side. She felt their quarter was fine. Pipeline companies don’t build a pipeline unless they have very long-term commitments. The company feels that they can increase their dividend 10%-12% annually to 2024.


Price:
$53.840
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-05-16 TOP PICK Must be logged in to use chart GIB.A-T CGI Group (A)

A large IT services company. Half their revenues come from outsourcing from long-term contracts. The other half is systems integration and projects. A very well-run company and very global. Half their revenues come from Europe, an acquisition they did in 2012, which had very low margins. CGI improved those margins back to company levels. About 20% is from the US, 50% from Canada, and the rest from Asia. Every few years, they tend to make a large acquisition to expand their geographic scope or a particular vertical they want to be in. (Analysts’ price target is $74.)


Price:
$66.910
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-05-16 DON'T BUY Must be logged in to use chart HCG-T Home Capital Group

Wouldn’t be a buyer of this. It is down a lot, but that doesn’t mean it is cheap. Visibility is very poor. What happens when they finally draw on that full credit facility? That credit facility is very expensive, so they are losing money every time they have to draw on it.


Price:
$8.980
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2017-05-16 PAST TOP PICK Must be logged in to use chart HD-N Home Depot

(A Top Pick May 18/16. Up 23%.) They just reported, and it was very positive. US comps are up 6%. The US housing market is very healthy.


Price:
$158.260
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-05-16 TOP PICK Must be logged in to use chart JNJ-N Johnson & Johnson

A large, global, pharmaceutical company. The primary reason she likes this is that their pharma division is doing really, really well. They’ve had a very successful 5 years, and suspects they have a strong enough pipeline to keep that growth going. Recently acquired a Swiss pharmaceutical company which has leading products in heart disease. AAA balance sheet. Dividend yield of 2.7%. (Analysts’ price target is $130.)


Price:
$127.770
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-05-16 PAST TOP PICK Must be logged in to use chart L-T Loblaw Companies Ltd

(A Top Pick May 18/16. Up 14%.) She likes the food retail and the drug retail. They have great locations. A lot of their Shoppers outlets are offering fresh food, which is a good concept in the urban centres.


Price:
$77.740
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
Showing 1 to 120 of 2,197 entries
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