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

Viewing Expert

John Petrides , Managing Dir. & Portfolio Manager

Point View Wealth Management


Date Signal Chart Symbol Company Opinion Price
2017-05-19 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. Volatility is what most investors are wrestling with now. Volatility was at all-time lows for some time, and investors felt there was complacency in the market. We really only had one piece of Trump news this week. His pro-growth policies fell off the table for a couple of hours, and the market sold off pretty aggressively. Investors used that window as a buying opportunity, and there has been a come back in trading. 70% of companies have reported their results for the last trading period. Analysts were looking for a 9% earnings growth, which would have been the best since late 2011. However, it is not just looking at what stocks have done, it is what you are buying at today’s prices that you are getting from earnings. If expectations were for 9% earnings growth, if achieved, that would be the best since Q4 2011, and we are already surpassing that. That means that when looking at PE valuations, the earnings (E) part of the equation is understated, which means valuations are more attractive than what many are suggesting. With wage growth at about 2.5%, and the unemployment situation being fine, low volatility in the stock market, the Fed has to just be ecstatic with where things are right now.


Price:
$0.020
Subject:
US EQUITIES
Bias:
BULLISH
Owned:
_N/A
2017-05-19 COMMENT Must be logged in to use chart AAPL-Q Apple

He still likes this despite its run up. It has a 4% position in the S&P 500 and is up 25%, and probably a 15% position in the NASDAQ. Has been a major driver of indices and performance year-to-date. The story is still attractive. You are getting the 10th anniversary of the iPhone in September, which should be a blockbuster product. By this time next year, with the new iPhone coming out, it has very low hurdle rates to jump over. Also, starting to ramp up their services business, which is very important for future growth. If and when Trump and the Republicans are able to pass through tax reform, this company has $250 billion of cash, whereby 95% of that is sitting overseas. If they were able to repatriate that cash and give it to shareholders, that would be a good thing.


Price:
$153.060
Subject:
US EQUITIES
Bias:
BULLISH
Owned:
Unknown
2017-05-19 HOLD Must be logged in to use chart AMGN-Q Amgen Inc.

He likes this as an investment. It could be a core health care holding in any portfolio. They’ve generated tremendous cash flow and have a very strong balance sheet.


Price:
$156.510
Subject:
US EQUITIES
Bias:
BULLISH
Owned:
Unknown
2017-05-19 TOP PICK Must be logged in to use chart ASA-N ASA Ltd.

He typically avoids mutual funds and prefers individual stocks, but as a closed-end fund, this has a limited number of securities. It is a basket of the gold miners. Owning gold in this environment with the heightened geopolitical risks, prepares your portfolio for the unexpected. Owning gold miners makes a lot of sense. As a closed-end fund, there are limited shares, and the fund will move up and down at a premium or discount to its NAV. Right now, this is trading at a 9% discount to its NAV. Closed end funds uses leverage to enhance its value, but this fund does not use any leverage.


Price:
$12.160
Subject:
US EQUITIES
Bias:
BULLISH
Owned:
Yes
2017-05-19 BUY on WEAKNESS Must be logged in to use chart BAC-N Bank of America

Financials are one of his favourite sectors. He would definitely recommend Holding this and buying on any dips. With the fundamentals of the banking sector, the wind is really at your back, because they had been regulated post the crisis, and have so much capital on their balance sheets, that they are the strongest they have been since World War II. By and large, the consumer is fairly healthy, so the loan book is actually quite strong for banks in general. Also, the Fed is embarking on raising rates. As they continue to move higher, higher interest rates are good for bank revenues. If Trump is able to put some sort of deregulation into the banking sector, that is icing on the cake.


Price:
$23.050
Subject:
US EQUITIES
Bias:
BULLISH
Owned:
Unknown
2017-05-19 BUY Must be logged in to use chart C-N CitiGroup

His favourite financial to own. The one bank that is still trading at a discount to its tangible BV. When trading at a discount to Book Value, the market expects your BV to erode, but since 2011, every single quarter, their BV has increased.


Price:
$61.100
Subject:
US EQUITIES
Bias:
BULLISH
Owned:
Unknown
2017-05-19 BUY Must be logged in to use chart CBI-N Chicago Bridge & Iron Co.

This got crushed this week. They had a poor earnings call, but the following sell-off each day was probably sentiment of Trump’s infrastructure package getting delayed, or taken off the table entirely. Their backlog is still pretty good and valuation is about 4.5X earnings. He likes this is a purchase at this time.


Price:
$20.800
Subject:
US EQUITIES
Bias:
BULLISH
Owned:
Yes
2017-05-19 DON'T BUY Must be logged in to use chart CELG-Q Celgene Corp

Trading at 25X price to cash flow, a bit too rich for him. The stock is up 17% over the last 12 months. The bet on this company is that you have faith in their pipeline executing on future drugs. There is much more attractive value in healthcare outside of this.


Price:
$116.930
Subject:
US EQUITIES
Bias:
BULLISH
Owned:
No
2017-05-19 DON'T BUY Must be logged in to use chart CSX-Q CSX Corp

This has run up so much that he wouldn’t go near it. If you want to play the rails or the transports, he would look at Kansas City Southern (KSU-N) which has been held back by the fears of a wall for Mexico. You could look at maybe the truck stocks or airlines. Feels there is better value elsewhere.


Price:
$50.380
Subject:
US EQUITIES
Bias:
BULLISH
Owned:
Unknown
2017-05-19 COMMENT Must be logged in to use chart CVS-N CVS Health Corp

He likes this a lot. Trading at 13X earnings, a discount to its major competitor Walgreens (WBA-Q) at 16X. Trading at a big discount to the market. You get a really nice dividend. The company buys back a lot of stock. Also, has Caremark, the pharmacy management business, which is under a bit of pressure because of drug prices. You really have a diversified business model between the PBM side and the store side. Long-term fundamentals on the healthcare business are very favourable, where you have an aging and growing population. This is very attractive.


Price:
$76.320
Subject:
US EQUITIES
Bias:
BULLISH
Owned:
Unknown
2017-05-19 PAST TOP PICK Must be logged in to use chart DOX-Q Amdocs

(A Top Pick Feb 9/17. Up 8%.) Provides the back office and billing support for many global wireless carriers. AT&T (T-N) is a 30% customer, so when you get a bill from AT&T, this company is providing that and doing all the support behind the scenes. Has a recurring revenue and generates a lot of cash flow. Has no debt on the balance sheet. For the last 10 years, they’ve been buying back stock at 4% annually. Trading at about 14X earnings. Have grown the dividend about 30% annually for the last couple of years.


Price:
$63.970
Subject:
US EQUITIES
Bias:
BULLISH
Owned:
Yes
2017-05-19 COMMENT Must be logged in to use chart F-N Ford Motor

If you’ve been a shareholder of this company, it is probably the most frustrating stock in your portfolio. Ridiculously cheap from a valuation standpoint. They pay out a huge dividend. Their balance sheet, excluding Ford Financial, is very, very healthy. Has more cash than debt. They are committing capital for electric cars in 2020 and 2021. Doing everything the Trump administration would want. Car sales in the US are now sub 17 million on an annualized basis. Investors are fearful that the car market is rolling over and that the segment is slowing down. At current prices, this looks really attractive.


Price:
$10.870
Subject:
US EQUITIES
Bias:
BULLISH
Owned:
Yes
2017-05-19 BUY Must be logged in to use chart GE-N General Electric

If you don’t have much exposure to industrials, this is a good name to own. It reminds him a lot of Microsoft (MSFT-Q), which was stuck in the mud back around 2013. When Ballmer was replaced, the stock hasn’t looked back since. If the CEO was replaced, he could see the stock significantly higher. Good dividend yield.


Price:
$28.050
Subject:
US EQUITIES
Bias:
BULLISH
Owned:
Unknown
2017-05-19 PAST TOP PICK Must be logged in to use chart HBI-N Hanesbrands

(A Top Pick Feb 9/17. Up 3%.) Pressure on retail has hurt them. In 2012, cotton prices spiked. The company had a tremendous amount of debt. Management was focused on using their cash to pay down debt. At the same time, they embarked on a strategy called “Innovate to Elevate” an innovative commoditized category to elevate margins. They did so by imprinting tags on undershirts, etc. rather than having labels. Because of that they’ve been able to charge higher prices to get better margins. At 9X earnings, this is a very, very cheap stock.


Price:
$20.720
Subject:
US EQUITIES
Bias:
BULLISH
Owned:
Yes
2017-05-19 TOP PICK Must be logged in to use chart HP-N Helmerich & Payne

Down 25% year to date. Energy was the best performing sector in 2016, and has been the worst to start. The largest land driller in the US. They have more cash than debt on the balance sheet. In 2015, they finished a multi-year CapX upgrade cycle to all their rigs. They are going to market with the most technically advanced and updated rigs and picking up tremendous market share. At 12.5X cash flow, with the balance sheet and the dividend, this is a very good buy. 4.5% dividend yield.


Price:
$60.040
Subject:
US EQUITIES
Bias:
BULLISH
Owned:
Yes
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