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
2017-07-12 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 (B)

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 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
2017-05-16 COMMENT Must be logged in to use chart LMT-N Lockheed Martin

A US defence name, an area where she wants some exposure. She is waiting for a bit of a pullback in this space. Pres. Trump wants to increase his defence spending, which is a positive for all defence companies. However, there is a question of timing and funding. Feels that valuations are a little stretched right now.


Price:
$271.650
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2017-05-16 HOLD Must be logged in to use chart MMM-N 3M Co.

A very well-managed, diversified, industrial company based out of the US. It is very global. The global economy is starting to improve.


Price:
$197.910
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2017-05-16 COMMENT Must be logged in to use chart PKI-T Parkland Fuel Corp

This is an operator delivering gasoline to retailers and corporations. A well-run company if you want a position in this space.


Price:
$31.500
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2017-05-16 TOP PICK Must be logged in to use chart RY-T Royal Bank

She wanted to choose a bank, to show that she likes the banking sector. This has pulled back from the beginning of the year. All the banks had a great year last year, so she doesn’t expect returns of 25%-26%. They have about 25% exposure to the US, and she thinks the US economy is going to grow faster than the Canadian. Acquired City National which focused on high net individuals and commercial loans. Dividend yield of 3.7%. (Analysts’ price target is $101.)


Price:
$93.030
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-05-16 COMMENT Must be logged in to use chart SLF-T Sun Life Financial Inc

She owns and prefers Manulife (MFC-T), which will have a chance to do some catch-up. Manulife's earnings are finally coming through, and she likes their positioning in Asia. Also, has traded at a discount to Sun Life, but going forward, she feels Manulife will have better earnings.


Price:
$45.500
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2017-05-16 WATCH Must be logged in to use chart SNC-T SNC-Lavalin Group Inc.

This is on her watch list. She wants something in the engineering/construction space, and this is a good candidate. It is much more global than some of the other players.


Price:
$51.690
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2017-05-16 BUY Must be logged in to use chart TD-T Toronto Dominion

She would buy this at the current price. The sector has pulled back, and this one is back a bit more because of their Sell practices that was in the news about a month ago. She doesn’t think that is inherent in their culture. On the premise that the US and Canadian economies are improving, banks are still reasonable. Expects this will generate earnings growth in the 8% range, and that their dividend will continue to be increased along the same pace as earnings growth. Yield of about 3.5%.


Price:
$63.130
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-05-16 COMMENT Must be logged in to use chart TSLA-Q Tesla Motors Inc

Shorting this? She does not Short, but also it is not a stock that she would add. This has an aura about it, it doesn’t need to make money and it keeps going up.


Price:
$317.010
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2017-05-16 BUY on WEAKNESS Must be logged in to use chart V-N Visa Inc.

This is a transition from cash and cheques to online payments, in particular in emerging markets. There are still a lot of emerging countries that are not using much in the way of credit cards. Even in North America there is still room to grow. They just acquired Visa Europe, which is expected to generate more profits going forward. She is not buying this for new clients, and is hoping to be able to get in at about $90.


Price:
$93.150
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-05-16 COMMENT Must be logged in to use chart WEED-T Canopy Growth Corp.

This is very driven by news and momentum. Although we have some rules, it is not clear and hopefully it gets legalized next year for recreational use. Still very early stage. It is hard to value these companies as they are not generating earnings.


Price:
$8.330
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2017-04-12 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. S&P 500 has rallied about 10% since the November election. There has been a lot of soft data in terms of sentiment/optimism by consumers and businesses. That has gone up a lot since the election in hopes of Trump’s pro-growth policies, tax cuts and regulatory reform coming into place. It hasn’t happened yet, and now we are seeing a lull, and the S&P 500 has been in a trading range for the last few months at the 2300-2400 range. Going forward, the earning season is coming, but with markets trading at about 18X forward earnings, and historical averages around 15X, it is arguably on the high-end. If we do get some tax reforms, that will boost EPS and moderate the multiple. In terms of earnings, she wants to see what the companies are saying and what they are seeing out there. They may be holding back on capital spending until they see some of these reforms being put in place.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
_N/A
2017-04-12 COMMENT Must be logged in to use chart ALA-T Altagas Ltd

Made an acquisition in the US that is going to strengthen their growth outlook. Feels the dividend is safe. There are a number of players in that space, kind of midstream operations/pipeline. She owns Inter Pipeline (IPL-T) and Pembina (PPL-T) which she knows better, and which also have good cash flow growth. Dividend yield of 6.8%, which is sustainable.


Price:
$31.060
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2017-04-12 COMMENT Must be logged in to use chart BAM.A-T Brookfield Asset Management (A)

Brookfield Asset (BAM.A-T) or Brookfield Infrastructure (BIP.UN-T)?  Between the 2, her preference would be this one. It is much more diversified, plus it has interest in Brookfield Infrastructure. It gives access to their fund management side, the private equity funds. That is also where senior management executives own their shares. Dividend yield of 2.2%.


Price:
$48.850
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2017-04-12 COMMENT Must be logged in to use chart BB-T BlackBerry

It was just announced they are getting $815 million in royalty payments from QUALCOMM (QCOM-Q). That works out to be about $1.50 per share in cash. The balance sheet now is pretty strong. She is not a buyer as they are still making that transition from hardware to software. It is not clear where future growth revenues will come from. Not a lot of visibility on how they are going to grow their top line.


Price:
$11.850
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2017-04-12 COMMENT Must be logged in to use chart BIP.UN-T Brookfield Infrastucture Partners

Brookfield Asset (BAM.A-T) or Brookfield Infrastructure (BIP.UN-T)?  Between the 2, her preference would be Brookfield Asset Management. It is much more diversified, plus it has interest in Brookfield Infrastructure. It gives you access to their fund management side, the private equity funds. It is also where senior management executives own their shares. Dividend yield of 4.5%.


Price:
$51.700
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2017-04-12 COMMENT Must be logged in to use chart C-N CitiGroup

A play on an improving US economy. This is in much better shape than it was a few years ago. They are still far inferior than Wells Fargo, a single digit which is an important metric. However, they’ve been given permission to increase their dividends.


Price:
$58.510
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2017-04-12 COMMENT Must be logged in to use chart CCO-T Cameco Corporation

You could argue that uranium prices have really topped out. Uranium has really come back a lot since the Japanese crisis a few years ago. The nuclear reactor is coming back on stream, but is very slow. A few months ago, a major Japanese utility company cancelled their contract. A lot of their business is long-term contracts. They are also having issues with CRA on tax returns from a few years ago, which is a big overhang on the stock. If you have a very long-term outlook, uranium prices should improve, but she doesn’t see any catalyst for it to get back to $17 in the near term.


Price:
$15.050
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2017-04-12 HOLD Must be logged in to use chart CM-T Canadian Imperial Bank of Commerce

She likes the Canadian banks. They’ve had a great run in 2016, but we are not likely to see the gains we saw last year. She is expecting more moderate earnings per share growth and share price appreciation, because valuation levels now are kind of trading at a bit below the Price to BV, but on a forward PE basis they are trading at a premium to historical averages, but still reasonable. This is more domestically oriented than the others. Hasn’t been that successful expanding outside of Canada in the past. Prefers the banks that have more exposure in the US and outside of Canada. (See Top Picks.)


Price:
$113.390
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2017-04-12 COMMENT Must be logged in to use chart CVE-T Cenovus Energy

Recently acquired some Conoco Phillips assets. Feels the stock fell because they are paying a pretty full price, and have levered up their balance sheet. It went from a pretty under-levered company to a much higher leverage ratio than their peers. If you are very long-term focused, this is probably an attractive entry point. You do have to believe that crude oil will stabilize and slowly move upwards. There is not a lot of visibility on crude oil near term because there are so many uncertainties right now. Hopefully we have seen the lows.


Price:
$14.450
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Unknown
2017-04-12 PAST TOP PICK Must be logged in to use chart CVS-N CVS Health Corp

(A Top Pick March 10/16. Down 20%.) This is the leading drugstore in the US on the retail side. Last fall, their scripts got excluded from the PBM networks, so they are losing some prescription volumes, which is a short-term negative. Earnings are going to be somewhat flat this year, but they feel they can continue growing earnings at a 10% rate past 2017. She likes the space. Their competitor, Walgreens (WBA-Q), is in the process of acquiring Rite Aid (RAD-N), so expects CVS will pick up some stores at that time. Trading at about 2 multiples discount to Walgreens because of their near term earnings stumble. Thinks the disappointment is already priced into the stock.


Price:
$77.960
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-04-12 COMMENT Must be logged in to use chart ENF-T Enbridge Income Fund Holdings

She owns Enbridge (ENB-T) which has better growth prospects. This one owns the Canadian mainline pipeline. Its dividend is sustainable. Enbridge (ENB-T) acquired Spectra last year which really increases their presence in the US, as well as diversifying them out of just crude oil and into natural gas. If you are more interested in pure yield, than ENF is maybe what you would rather have, but Enbridge, with a yield of 4%, will be increasing for a number of years, and has better cash flow growth. Dividend yield of 6.1%.


Price:
$33.760
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2017-04-12 DON'T BUY Must be logged in to use chart ENGH-T Enghouse Systems

Doesn’t follow this closely. The price has come down quite a bit. A software company that have been growing primarily through acquisitions. Thinks Amazon (AMZN-Q) has indicated they are going to enter into the same software market, and some analysts have indicated the space is going to get more competitive. A high multiple stock to begin with, and is not considered inexpensive.


Price:
$57.470
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2017-04-12 COMMENT Must be logged in to use chart FLR-N Fluor Corp.

Owned this in the past. A global engineering/construction company that is very diversified geographically. Very well-run. She got out because of their end markets in terms of energy and mining, which were in a downturn. When things are stabilizing and improving, this could be a name that she could enter.


Price:
$51.130
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2017-04-12 TOP PICK Must be logged in to use chart FTS-T Fortis Inc.

Closed on ITC Corp last year, a US electric utility. That increases their exposure in the US. She likes this utility, because it is noncyclical and non-commodity-based. Pretty defensive. 90% of cash flow comes from regulated assets. They’ve increased the dividend for 43 consecutive years, and she doesn’t see that changing. She can see it growing 6% annually through 2021. That is important for income stocks in a potential rising rate environment. Has a price target of about 10% upside plus the dividend, giving a total return of about 13%. Dividend yield of 3.6%. (Analysts’ price target is $48.)


Price:
$44.650
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-04-12 TOP PICK Must be logged in to use chart GOOGL-Q Alphabet Inc. (A)

As the largest search engine, it garners a lot of the digital online advertising. She can see very good secular growth in digital advertising. Corporate advertising budgets have about 35% allocated to digital, and sees that increasing over time. They will garner a big share of that because it is the leading search engine. This is not a value stock, but more of a GARP stock, trading at about a 25 forward PE. Has consistently grown its revenue in excess of 25% organically, and a lot of that is falling to the bottom line. Earnings are also growing at a 25% clip. (Analysts’ price target is $1000.)


Price:
$841.460
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-04-12 COMMENT Must be logged in to use chart ITP-T Intertape Polymer Group

Doesn’t follow this closely, because it is a smaller cap name. A packaging company. Generally speaking, it is a pretty well-run company. There is a cyclicality to it. Thinks they are ramping up a new plant. You could probably hold this long-term to get industrial exposure. Well-managed.


Price:
$23.220
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2017-04-12 COMMENT Must be logged in to use chart MA-N Mastercard Inc.

She likes the space, but owns Visa (V-N) instead. Both companies are a play on the secular change to digital payments. Visa is the larger of the 2. You want scale to be cost competitive. Also, Visa just bought Visa Europe last year, and there should be a lot of operating leverage as they grow the European business. Both companies are well-managed.


Price:
$111.470
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2017-04-12 COMMENT Must be logged in to use chart MFC-T Manulife Financial

She likes this. All insurance companies will benefit from a rising interest rate environment. In the last few weeks, most insurers and financials have been in a trading zone because there is a question of how fast rates are going to increase, both in the US and Canada. This has good exposure in the US, so will benefit from rising rates. She also likes their positioning in Asia. About 25% of revenues comes from Asia, and it is a faster growth market. Trading at a discount to Sun Life (SLF-T), but going forward that gap is closing because their ROE is growing at a faster pace. They’ve been increasing dividends, and she sees that continuing. Could see this in the high $20 area.


Price:
$22.860
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-04-12 PAST TOP PICK Must be logged in to use chart RY-T Royal Bank

(A Top Pick March 10/16. Up 37%.) The banks as a group have done very well. At that time, there was a question about the Canadian economy going into a recession and concerns about housing. The valuation had contracted substantially below their historical averages, as well as having concerns about the energy patch. Her target one year out is about 7%-8% from here, not a bad share price appreciation with a yield of 3.5%. Still a buy. (See Top Picks.)


Price:
$96.060
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-04-12 COMMENT Must be logged in to use chart T-T Telus Corp

Trading in record territory. An income stock in a more defensive industry. Generates a lot of free cash flow and provides very attractive yields. A play on the recovery of Western Canada. It is going to face more competition with Shaw (SJR.B-T) ramping up their wireless presence in Western Canada. Dividend yield of 4.3%.


Price:
$44.640
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2017-04-12 TOP PICK Must be logged in to use chart TD-T Toronto Dominion

Ranks about #7 in terms of domestic deposits in the US. She likes this, because it has lagged the group year to date, and because of its very negative press about overselling, which she doesn’t think is ingrained in their corporate culture. Trading at a premium to historical average by about 1 multiple point higher. Trades at about 1.8 X PB, and its 10-year historical average is about 2X. generates an ROE of about 14%. Dividend yield of 3.6%. (Analysts’ price target is $71.50.)


Price:
$65.570
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-04-12 PARTIAL BUY Must be logged in to use chart TECK.B-T Teck Resources Ltd. (B)

Has a small position in this, and is her only holding in the materials space. It recovered nicely last year on stronger iron ore prices, but that was temporary. It has moderated this year. Thinks it will slowly strengthen, but will be predicated upon Chinese demand. The Chinese economy is stabilizing and growing. This company is also exposed to copper and zinc. Zinc has been in an oversupply for a number of years, and has gone through the typical cycle, and the supply/demand dynamics are going to improve. There are going to be some weak days in the market, and would recommend that you scale into this.


Price:
$29.640
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-04-12 DON'T BUY Must be logged in to use chart VRX-T Valeant Pharmaceuticals

Has new management which are trying to sell off some assets and get the prices they want. Trying to change the way they operate in terms of not buying companies that actually do internal R&D, but that is difficult because they don’t have a lot of cash, but have a lot of debt. There is not a lot of visibility, which is why the stock is trading where it is. Drug pricing is now being highly scrutinized, and she doesn’t see that going away.


Price:
$12.760
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2017-04-12 PAST TOP PICK Must be logged in to use chart WFC-N Wells Fargo

(A Top Pick March 10/16. Up 13%.) This pulled back quite a bit when the scandal 1st came out. Prior to that event, it was always regarded is a very well-run bank, and got a premium valuation in the group. Pays a very nice dividend yield versus some of its peers. Higher interest rates will be beneficial to all banks. Still trading at a reasonable multiple of about 13X forward earnings with a yield of just under 3%.


Price:
$53.120
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
Yes
2017-02-17 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  We have priced a lot of things in.  The S&P is up almost 10% since the election, with the TSX up 9%.  The market is anticipating the pro-growth policies being implemented and ignoring the anti-trade comments.  If there are delays in implementation we could easily get a pullback.  The US economy has been improving all along even before Trump.  Unemployment has been at 5% or lower for 16 months.  She likes what she sees for the earnings season.  Tax cuts will help to bring price to earnings ratios down.  We need to see policies implemented now. 


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
_N/A
2017-02-17 BUY on WEAKNESS Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

US Banks.  They have all done quite well post- the election due to the potential of less regulation.  She owns WFC-N.  There is nothing wrong with the others, but WFC-N has lagged and was better managed during the financial crisis.  JPM-N is the second best one.  Wait for a pullback before buying or adding to a position.


Price:
$0.020
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-02-17 HOLD Must be logged in to use chart AAPL-Q Apple

(Market Call Minute) It has done well, but don’t chase it.


Price:
$135.720
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
2017-02-17 HOLD Must be logged in to use chart AGU-T Agrium

She has held it for a number of years.  It was always her preferred play in that area.  Nutrients should have a good long term demand.  But this industry can get quite cyclical because using them can be put off for a number of years.  They have a retail operation which cushions them more than POT-T.  POT-T is buying them at the trough of the commodity price.  (Analysts’ Target: $141.06).


Price:
$135.640
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
2017-02-17 DON'T BUY Must be logged in to use chart AIG-N American International Group

They will benefit from higher interest rates.  They ran into difficulty during the financial crisis and had to restructure.  They are trying to grow their return on equity.  She keeps her insurance exposure in Canada.


Price:
$62.500
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2017-02-17 BUY Must be logged in to use chart BAC-N Bank of America

(Market Call Minute) You could buy it for exposure to the US economy.


Price:
$24.520
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
2017-02-17 DON'T BUY Must be logged in to use chart CAR-Q Avis Budget Group

The whole rental business is going through a difficult period.  The popularity of Uber is actually a negative for car rentals.  It is quite competitive in terms of pricing.  The business is pretty difficult and she would not invest there.


Price:
$33.760
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2017-02-17 HOLD Must be logged in to use chart CAT-N Caterpillar

Things are slowly improving post- the election.  It is one of the highest quality players in this area. 


Price:
$98.850
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2017-02-17 PAST TOP PICK Must be logged in to use chart CGX-T Cineplex Inc

(Top Pick Feb 9/16, Up 8.49%) She still likes it.  She bought it for the 3-3.5% yield and capital return of 5-8%.  She still likes it.  They are the largest theatre operator in Canada with a 77% market share.  They can’t control what happens at the box office, but they are really good at things they can control such as concessions spending.  They have advertising in their theatres and advertising signage.  They also have ‘rec room’ which offers gaming, etc.  They are a well managed company and will continue to grow.  She will be continuing to hold it.


Price:
$51.250
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-02-17 HOLD Must be logged in to use chart CPG-T Crescent Point Energy Corp

She has been adding to the name for at least the last year and a half.  It is 90% oil and is leveraged to its price.  They are in Saskatchewan and Alberta.  Prior to the down turn in energy they were criticized for continually issuing equity to fund acquisitions.  In September of 2016, they came again to the market, but to strengthen their balance sheet and fund Cap-X.  They have lagged in this rally because of this.  We will hear more about what the activist investor wants to do.  She is going to hold on to it.


Price:
$16.240
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-02-17 HOLD Must be logged in to use chart CSH.UN-T Chartwell Seniors Housing

She has owned it for quite a number of years.  It is the largest seniors housing player in Canada.  She likes the demographics play.  The company sold off all their US properties and they have been developing and re-investing the money.  It has a 3.5% yield.  It has been strong over the past three weeks.  She would not buy it here, but hold it.  Wait for a pullback if you want to imitate a position.


Price:
$15.870
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-02-17 BUY Must be logged in to use chart CVX-N Chevron Texaco

(Market Call Minute) Large integrated company paying a nice yield.


Price:
$110.330
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
2017-02-17 DON'T BUY Must be logged in to use chart DH-T (Dead) DH Corporation

(Market Call Minute) They are having troubles in the US.


Price:
$23.600
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
2017-02-17 WEAK BUY Must be logged in to use chart ENF-T Enbridge Income Fund Holdings

She owns ENB-T because it is the bigger company.  She likes that company and the Spectra acquisition.  There is more growth in ENB-T.  ENF-T pays a higher yield.  When the Spectra deal closes they are bumping up the dividend.


Price:
$34.260
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2017-02-17 DON'T BUY Must be logged in to use chart FFH-T Fairfax Financial

(Market Call Minute) She prefers to have more direct plays in the sectors or industries FFH-T is in.


Price:
$618.000
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
2017-02-17 DON'T BUY Must be logged in to use chart FRII-T Freshii Inc

(Market Call Minute) It is high growth and high multiple so she can’t get around the valuation.  The industry is highly competitive.


Price:
$14.010
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Unknown
2017-02-17 TOP PICK Must be logged in to use chart FTS-T Fortis Inc.

She likes it for the income, growth and the defensive nature of the business.  They just bought ITC corp. which is out of the US and expands their presence there.  ITC is a regulated electric utility.  Over 60% of FTS-T’s earnings are going to be coming from the US now.  They have good visibility post- the acquisition to grow their dividend 6% per year until 2021.  It has lagged the market, so all in, you should get 12% on this name. (Analysts’ target: $48.55).


Price:
$43.200
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-02-17 DON'T BUY Must be logged in to use chart GILD-Q Gilead Sciences Inc.

They brought guidance down going forward.  They have a key HEP-C drug which is getting competition.  They have to figure out a way to grow their pipeline and then their revenue and earnings.  She would not be buying it for Pharma exposure.  See her top picks and she also likes ABT-N.


Price:
$69.850
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
No
2017-02-17 PAST TOP PICK Must be logged in to use chart GOOGL-Q Alphabet Inc. (A)

(Top Pick Feb 9/16, Up 20.76%) She still likes it.  It has lagged the rally, only up at 4% vs. the market being up 10%.  It is the 28th consecutive quarter of organic growth over 20% year over year.  That trend of digital advertising is going to continue to grow as only about 35% of advertising budgets are allocated to it.  They got a new CFO a couple of years ago who has brought a lot of financial discipline to the company so more growth is dropping to the bottom line.  They have been buying back stock even though they don’t yet pay a dividend.  They have a lot of cash off shore so policy changes in repatriation of cash will benefit them.


Price:
$846.550
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
2017-02-17 PAST TOP PICK Must be logged in to use chart HD-N Home Depot

(Top Pick Feb 9/16, Up 28.27%) She still likes it. It is a play on the US economy.  As employment and GDP improve people may spend more on home improvement. With a third of the age group 18-36 still living at home and as the job environment improves they tend to move out into a home of their own. The company is well managed and always increases their dividend. They report later on this month.


Price:
$143.000
Subject:
NORTH AMERICAN - LARGE
Bias:
BULLISH
Owned:
Yes
Showing 1 to 120 of 2,143 entries
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