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Compiling comments that experts make about stocks while on public TV.

Recent Opinions

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Date Signal Company Expert Opinion Price
2017-10-23 PAST TOP PICK Aida Engineering
6118-JP
Lorne Steinberg

(A Top Pick Nov 24/16. Up 38%.) An amazing Japanese value stock. They make the equipment for the manufacturing process. The Japanese market remains a depressed market. This is one of the best in the world in what they do. Trading at about 13X earnings, and with good earnings growth.


Price: $0.000
Subject: Global Value & High Yield Bonds
Bias: UNKNOWN
Owned: Yes
2017-10-23 BUY Nippon Antenna
6930-JP
Lorne Steinberg

This is one of those crazy Japanese value stories, where the cash and Accounts Receivable are greater than the entire share price. They have no debt. (See Top Picks.)


Price: $0.000
Subject: Global Value & High Yield Bonds
Bias: UNKNOWN
Owned: Yes
2017-10-23 TOP PICK Kawasumi Laboratories
7703-TYO
Lorne Steinberg

This is a Japanese golden opportunity. No debt and the share price is trading for less then the amount of cash in accounts receivable. It has been around for over 50 years. In the medical supply business and focused on disposable products. Constant turnover and increasing sales with an aging population globally. Extremely cheap. Dividend yield of 1.8%.


Price: $0.000
Subject: Global Value & High Yield Bonds
Bias: UNKNOWN
Owned: Yes
2017-10-23 N/A A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

Market.  He expects a big week in earnings.  FNG-N has all the FANG stocks that are reporting this week.  You had a pretty big run up and then some weakness.  His gut feel is that we should get a bit of a sell-the-news action.  He likes the idea of diversification and this is a very niche ETF.  He feels the FED will continue to step on the breaks and try to raise interest rates.  The ECB is doing the same thing.  It will be a challenge over the next year.  It is the beginning of the unwind for them.  He does not have a strong feeling to sell Europe at present, though.


Price: $0.020
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: _N/A
2017-10-23 N/A A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

The long term implication of an inverted yield curve.  Prior to every recession we ever had we saw an inverted yield curve.  It forecasts a recession well out from the present.  We should get a bounce short term in the curve but longer term we should get an inversion.


Price: $0.020
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: _N/A
2017-10-23 COMMENT A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

Sleep at night portfolios (mutual finds Larry manages for BMO).  Some combination of the three will fit most people’s portfolios.  The global dividend fund is suitable for most people.  The global balanced fund is currently yielding about 4%.  All three manage risk when it comes up.


Price: $0.020
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Yes
2017-10-23 N/A A Comment -- General Comments From an Expert
A Commentary
Larry Berman CFA, CMT, CTA

Educational Segment.  Seasonality.  The seasonal pattern has not worked this year (Sell in May and Go Away).  There was no market correction in Sept./Oct.  Since we did not get a correction you might say we will not get much of a seasonal impact for the rest of the year.  He looked into history and over 30 years in years where we did not get that seasonal correction, the market just continued up and the seasonality in November December is even stronger, although sometimes the correction is just later in the year.  Seasonality is just one factor to incorporate into your investing decisions.


Price: $0.020
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: _N/A
2017-10-23 N/A A Comment -- General Comments From an Expert
A Commentary
Rick Stuchberry

Market.  It is interesting times we are in.  Investors may be missing the big news out of Asia.  The media is focused on Washington.  There have been important things longer term out of Asia.  The PM in Japan was reelected and is now the longest serving PM in decades.  He will get their economy back on its feet.  The Chinese communist parties had their semi decade get together and laid out their next 50 years’ plans.  It affects people worldwide.  They are growing at 6.8% when everyone said they were done two years ago.  It is important to look at what is going on in the number 2 economy in the world.  China needs to cut commodity production due to pollution generation.


Price: $0.020
Subject: CANADIAN LARGE & ADRs
Bias: UNKNOWN
Owned: _N/A
2017-10-23 N/A A Comment -- General Comments From an Expert
A Commentary
Lorne Steinberg

Economy.Government, corporate, nonfinancial and consumer debt has been rising as a percentage of global GDP. Even after years of austerity programs, we are in a situation where the global debt level has been rising, and suddenly we are at an inflection point where interest rates are starting to pick up. This is going to have an impact globally. Bond yields are starting to rise around the world. Central Banks are not raising rates in Europe or Japan anytime soon, but we are starting to see a bit of an uptick in bond yields, which is going to impact over time on mortgage borrowers and government bond issuers. Everyone is going to be following the Fed and the Bank of Canada, and there is the usual lag, so he figures that in the next 24 months we are going to start seeing rates coming up in other parts of the world. In a rising rate environment, you want to avoid some of the overvalued sectors, specifically pipelines and utilities. Investors have been buying those and driving up valuations on companies that have minimal growth. They are buying them for the dividend yield. You want to be in really strong undervalued companies, and not just riding yesterday’s winners.


Price: $0.020
Subject: Global Value & High Yield Bonds
Bias: UNKNOWN
Owned: _N/A
2017-10-23 N/A A Comment -- General Comments From an Expert
A Commentary
Lorne Steinberg

A high dividend paying stock? Buying the stock just because it pays a high dividend is not a good reason. In a rising rate environment, those dividends become less attractive. When you buy a stock, buy a company because you think the stock is undervalued. He likes the Cdn insurance companies because you are going to have a rising dividend over time. (See Top Picks.)


Price: $0.020
Subject: Global Value & High Yield Bonds
Bias: UNKNOWN
Owned: _N/A
2017-10-23 N/A A Comment -- General Comments From an Expert
A Commentary
Lorne Steinberg

Buy US$ now or wait a month or 2?Has never met anyone in the investment business who has predicted correctly the direction of the Cdn$ versus the US$. If you have to buy US$, either buy it all now because the Cdn$ has rallied, or buy half a position, but don’t try to think you will be able to guess the direction. That always comes back to bite people.


Price: $0.020
Subject: Global Value & High Yield Bonds
Bias: UNKNOWN
Owned: _N/A
2017-10-23 COMMENT Alcoa
AA-N
Lorne Steinberg

The only mining stock he owns, because aluminum is a growth metal. Because it is light, every new generation of cars and planes has more aluminum. Aluminum has been in a down cycle for a long time. Alcoa has split itself into 2 companies. For aluminum, the up cycle is now here. This is a cyclical stock, so when it starts going up even further and looks really, really cheap, it is probably time to start looking at selling it, because it is a pure aluminum play.


Price: $47.930
Subject: Global Value & High Yield Bonds
Bias: UNKNOWN
Owned: Yes
2017-10-23 DON'T BUY Air Canada
AC-T
Rick Stuchberry

The Q3 earnings call is this Wednesday.  He suspects the results will be good.  The only caveat is that we are supposed to get another discount airline in next year and this might have an impact on margins.  He would not chase the stock and he does not own any airlines.


Price: $26.340
Subject: CANADIAN LARGE & ADRs
Bias: UNKNOWN
Owned: No
2017-10-23 DON'T BUY Air Canada
AC-T
Lorne Steinberg

Has never owned an airline. This one is certainly in the sweet spot. They’ve come out with all kinds of ancillary airlines, with no unions. Everything is perfect for them with an improving economy. These are deeply cyclical companies. The time to buy this was when they were losing money and the stock was a lot lower. Now they look like a really good company, but in fact they are just a cyclical airline.


Price: $26.340
Subject: Global Value & High Yield Bonds
Bias: UNKNOWN
Owned: No
2017-10-23 WAIT Altagas Ltd
ALA-T
Rick Stuchberry

He sold around $40.  They acquired some things in the last few years.  They are still in transition, sorting out what they will keep.  The yield is safe.  He is waiting for their yield plus growth to reach 10%.


Price: $29.350
Subject: CANADIAN LARGE & ADRs
Bias: UNKNOWN
Owned: No
2017-10-23 BUY on WEAKNESS Amazon.com
AMZN-Q
Rick Stuchberry

Everyone is afraid of them.  Reinvested capital back into the business is starting to show rewards.  He would buy it on dips.  You do not need to chase these stocks.  After thanksgiving we will have the cyclicality of money flows into the market.  Any correction prior to that could be in the 5% range and then we might be set up for something more substantial. 


Price: $966.300
Subject: CANADIAN LARGE & ADRs
Bias: UNKNOWN
Owned: Yes
2017-10-23 BUY on WEAKNESS Alibaba Group Holding
BABA-N
Rick Stuchberry

It is one of his core holdings.  He trimmed a little because it was up so much but he likes it.  This is going to be a huge company and could be the biggest in the world in a few years.  This thing has tremendous momentum.  The risk is political risk in China.


Price: $173.130
Subject: CANADIAN LARGE & ADRs
Bias: UNKNOWN
Owned: Yes
2017-10-23 COMMENT Bank of America
BAC-N
Lorne Steinberg

He likes the large US investment banks. Prefers Goldman Sachs (GS-N) and Morgan Stanley (MS-N). However, the whole sector is going to be a beneficiary of rising interest rates, a beneficiary of ongoing recovery around the world, including Europe. These are all very well capitalized, and this one is going to have an earning’s bump this year.


Price: $27.160
Subject: Global Value & High Yield Bonds
Bias: UNKNOWN
Owned: No
2017-10-23 DON'T BUY Barclays Bank PLC
BCS-N
Lorne Steinberg

Prefers Deutsche Bank (DB-N) because it is so much cheaper. Barclays has a whole bunch of other issues on its own. It has had some management issues over the years. Thinks you are best looking elsewhere.


Price: $10.270
Subject: Global Value & High Yield Bonds
Bias: UNKNOWN
Owned: No
2017-10-23 WEAK BUY Brookfield Infrastucture Partners
BIP.UN-T
Rick Stuchberry

It is a well managed group of companies but he is not in this sector.  He would look for 10% total return to go into the sector.  This one is very well managed and he does not have anything against the companies but is not participating in the sector.


Price: $54.660
Subject: CANADIAN LARGE & ADRs
Bias: UNKNOWN
Owned: No
2017-10-23 COMMENT BP PLC
BP-N
Lorne Steinberg

Compared with other integrateds?A company that makes money at $50 oil. Part of their business benefits from oil prices, petrochemicals and refining. They are earning their hefty 6% level dividend with their own free cash flow. These large integrateds are going to underperform if oil does really, really well. They are using their free cash flow to make intelligent acquisitions. Rising dividends are in the cards even if oil stays at $50.


Price: $38.790
Subject: Global Value & High Yield Bonds
Bias: UNKNOWN
Owned: Yes
2017-10-23 BUY Canfor Corp
CFP-T
Rick Stuchberry

It is doing well despite the problems around NAFTA and WTO.  The millennials are getting into the housing market and that is a long trend, which this company benefits from.  The US will need the lumber for all the houses needed.  He is positive on forest products stocks.


Price: $25.650
Subject: CANADIAN LARGE & ADRs
Bias: UNKNOWN
Owned: Unknown
2017-10-23 PAST TOP PICK Cisco
CSCO-Q
Lorne Steinberg

(A Top Pick Nov 24/16. Up 19%.) He still loves this. One of the cheapest stocks in his portfolio. If you X out net cash, it is selling at 13X earnings with a 3%+ dividend. Dividend growth will continue at over 10% a year. #1 in the world in their 4 major businesses.


Price: $34.350
Subject: Global Value & High Yield Bonds
Bias: UNKNOWN
Owned: Yes
2017-10-23 BUY Deutsche Bank AG
DB-N
Rick Stuchberry

Merkel won the election, which was holding things back.  He thinks the other European banks will go the same way.  They will raise rates and reduce regulation, which are good for banks.  This is a core bank in Europe that is ready to go.


Price: $16.630
Subject: CANADIAN LARGE & ADRs
Bias: UNKNOWN
Owned: Yes
2017-10-23 COMMENT Deutsche Bank AG
DB-N
Lorne Steinberg

This bank is now properly capitalized. They’ve been through the worst and are selling at about a 50% discount to tangible BV. They are not the best in the business, but they do deserve to sell for a much higher price than what they are trading at. Earnings have stabilized and they are earning money. One of the cheapest stocks he owns.


Price: $16.630
Subject: Global Value & High Yield Bonds
Bias: UNKNOWN
Owned: Yes
2017-10-23 BUY on WEAKNESS Dollarama Inc.
DOL-T
Lorne Steinberg

An amazing Canadian success stories where many people didn’t realize that people from every income strata would be running into their stores. Not a cheap stock and he wouldn’t buy it here. Revenue growth has slowed, and there is a limit to how many Dollarama’s you can keep on opening. The company is using its free cash to buy back shares.


Price: $142.050
Subject: Global Value & High Yield Bonds
Bias: UNKNOWN
Owned: Unknown
2017-10-23 TOP PICK DowDuPont Inc.
DWDP-N
Lorne Steinberg

The merger between Dow and DuPont offers real cost synergies. Eventually this will be broken up into 3 companies, a specialty and agricultural company’s couples company and a materials company. When we get our breakup value of the stock and take out the cost synergies, he gets a valuation that the stock should be double where it is in the next 5 years. A very, very undervalued company. They are #1 in most of their major businesses. Plenty of free cash flow and lots of room for dividend increases in all 3 of the businesses. (Analysts’ price target is $79.)


Price: $71.550
Subject: Global Value & High Yield Bonds
Bias: UNKNOWN
Owned: Yes
2017-10-23 DON'T BUY Enbridge
ENB-T
Rick Stuchberry

It is one of the quality companies.  The risk is that rates start rising and there is a fair amount of debt on the books.  They are professional managers and can handle that kind of debt increase.  The issue for them is that in this country we have an anti-pipe attitude.  He is worried about the growth on this one.  It is well managed although there will be some headwinds on rate rises.  He is not in the sector because he does not know where the growth comes from.


Price: $49.380
Subject: CANADIAN LARGE & ADRs
Bias: UNKNOWN
Owned: No
2017-10-23 BUY Enbridge Income Fund Holdings
ENF-T
Rick Stuchberry

It is one of the pipes.  This is one with a higher payout.  He does not have any problem but just does not own the pipes.  It is okay to own it if the dividend is covered.


Price: $30.170
Subject: CANADIAN LARGE & ADRs
Bias: UNKNOWN
Owned: Unknown
2017-10-23 COMMENT iShares MSCI Europe Financial
EUFN-Q
Larry Berman CFA, CMT, CTA

EUFN-N vs. ZWE-T.  EUFN-N is an interesting way to get exposure to European banks.  The risk is that the European recovery does not take hold.  It appears the world is recovering and that the banks are a good place to be, although his outlook longer term is not great on them, and so he does not recommend it.  He sees more risk than not.  Otherwise, it is a good way to play European banks.  He prefers ZWE-T for the yield and the covered calls to lower risk.


Price: $23.150
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Unknown
2017-10-23 HOLD Fortis Inc.
FTS-T
Rick Stuchberry

A lot of people are in this stock because of the great yield.  It has been a consistent performer.  If you are there for yield then you can hold it.  If it sold off a bit and you bought it cheaper, and could get double digit returns, then he would have no qualms about it.


Price: $46.780
Subject: CANADIAN LARGE & ADRs
Bias: UNKNOWN
Owned: Unknown
2017-10-23 WATCH General Electric
GE-N
Rick Stuchberry

He would hold it until the team turns it around.  The action in the market is such that they laid out a plan to go forward.  They have two sectors that are not good and he thinks they have a plan for that.  The turbine business was also disappointing.  He is going to give them some breathing room rather than sell into this.  He will watch over the next weeks and months.


Price: $22.320
Subject: CANADIAN LARGE & ADRs
Bias: UNKNOWN
Owned: Yes
2017-10-23 BUY Goldman Sachs
GS-N
Rick Stuchberry

The whole banking sector is going to do better.  It is a great place to hide.  It has been a tough road because regulators have not exited the space yet.  Once they go these things could have another leg on them.  He has BAC-N.


Price: $242.130
Subject: CANADIAN LARGE & ADRs
Bias: UNKNOWN
Owned: No
2017-10-23 PAST TOP PICK Home Depot
HD-N
Rick Stuchberry

(A Past Top Pick Sep 14/16, Up 34%)  It is very well managed and they will increase the dividend.  It is a pretty nice place to sit in a major trend that is positive going forward.  They are in a great position because Millennials are getting into the housing market and even if they buy used and have to renovate, they still have to buy appliances.


Price: $164.740
Subject: CANADIAN LARGE & ADRs
Bias: UNKNOWN
Owned: Yes
2017-10-23 DON'T BUY Hormel Foods Corp
HRL-N
Lorne Steinberg

This is like so many other companies these days. It is a zero-growth business with minimal earnings growth that is squeezing out a few dollars here and there to increase its dividend every year. He doesn’t like the business model, because if you are not reinvesting in your business over time, it is pretty tough to find growth. Trading at over 20X earnings.


Price: $30.430
Subject: Global Value & High Yield Bonds
Bias: UNKNOWN
Owned: Unknown
2017-10-23 PAST TOP PICK ING Groep NV
ING-N
Rick Stuchberry

(A Past Top Pick Sep 14/16, Up 59%)  There is still lots of room here.  This is best of breed.  The strength of the US$ helped boost the return on the ADR.  They were the first one to cut costs and to pay the Dutch government back.


Price: $18.510
Subject: CANADIAN LARGE & ADRs
Bias: UNKNOWN
Owned: Yes
2017-10-23 TOP PICK ING Groep NV
ING-N
Rick Stuchberry

He is sticking with this one.  It is a great company in a sector that has not moved much yet.  There is so much potential when Europe starts to deregulate and when they start to raise interest rates.  There is so much money to be made in the banking sector.  It is one of the best EU banks.  (Analysts’ target: $22.00).


Price: $18.510
Subject: CANADIAN LARGE & ADRs
Bias: UNKNOWN
Owned: Yes
2017-10-23 PAST TOP PICK ING Groep NV
ING-N
Lorne Steinberg

(A Top Pick Nov 24/16. Up 40%.) This is in the Netherlands and Belgium. A pure retail bank. 4% dividend yield. Earnings growth of 8%-10%. Selling about 12X earnings. Extremely stable and benefiting from the rebound in Europe. Very cheap.


Price: $18.510
Subject: Global Value & High Yield Bonds
Bias: UNKNOWN
Owned: Yes
2017-10-23 TOP PICK Manulife Financial
MFC-T
Lorne Steinberg

Everything is going well with all their businesses. They will definitely be a beneficiary of rising rates on both sides of the border. The US business is doing really, really well. Their Asian business is doing really, really well. A great Canadian business that is a global company. Dividend yield of 3.2%. (Analysts’ price target is $28.)


Price: $25.960
Subject: Global Value & High Yield Bonds
Bias: UNKNOWN
Owned: Yes
2017-10-23 HOLD MacQuarie Infrastructure LLC
MIC-N
Rick Stuchberry

It is the sector.  There is money flowing around the marketplace.  They do a good job but flows are not into this sector at this time.  You either have to be patient or move the money to something with more legs.


Price: $68.640
Subject: CANADIAN LARGE & ADRs
Bias: UNKNOWN
Owned: Unknown
2017-10-23 WATCH Newalta Corp
NAL-T
Rick Stuchberry

We are still not getting cash flows into the energy market.  The good news is that they are still here.  A lot of service companies did not make it.  If we can just keep going for 6-12 months more you will see the service sector revived. 


Price: $0.730
Subject: CANADIAN LARGE & ADRs
Bias: UNKNOWN
Owned: Unknown
2017-10-23 PAST TOP PICK Nike Inc
NKE-N
Rick Stuchberry

(A Past Top Pick Sep 14/16, Down 1%)  He thought AMZN-Q was going to come in and that NKE-T would take better advantage of it, dealing more through AMZN-Q than they are, using them as a distributor.  It is slow in coping but the stock seems to be fine.  There is nothing wrong with the company.  Last year was a tough year for them but he thinks it is okay and is still hanging on.


Price: $53.660
Subject: CANADIAN LARGE & ADRs
Bias: UNKNOWN
Owned: Yes
2017-10-23 WAIT Nestles
NSRGY-OTC
Lorne Steinberg

One of the world’s greatest consumer companies. #1 in the world in several food categories. Also huge in emerging markets. Loves the company, but the valuation is too high. You are paying 20X earnings. People need to be patient and wait for a better entry price.


Price: $0.001
Subject: Global Value & High Yield Bonds
Bias: UNKNOWN
Owned: No
2017-10-23 PARTIAL SELL Newell Brands Inc
NWL-N
Rick Stuchberry

He is not in this sector.  This company has been around for years and years and has been a consistent performer.  This sector is not attracting a lot of money inflows at present.  You could lighten up or acquire more on dips


Price: $40.160
Subject: CANADIAN LARGE & ADRs
Bias: UNKNOWN
Owned: No
2017-10-23 COMMENT Pfizer Inc
PFE-N
Lorne Steinberg

In the 90s, drug companies traded at 30X earnings with 10% earnings growth. All the drug companies are suffering badly because they are not getting a good return on R&D. Every country is putting pressure on pharmaceutical prices. This is trading at 20X earnings and has lots of free cash flow, but the drug sector is simply a very difficult place to be.


Price: $36.400
Subject: Global Value & High Yield Bonds
Bias: UNKNOWN
Owned: Unknown
2017-10-23 WATCH Parkland Fuel Corp
PKI-T
Rick Stuchberry

Everyone is doing the same thing and waiting to see what gets sold.  He is not in the sector.  This has been a pretty good sector and they have managed the company pretty well.  You have to see what they are going to lighten up on and what they are going to add to.


Price: $24.410
Subject: CANADIAN LARGE & ADRs
Bias: UNKNOWN
Owned: No
2017-10-23 HOLD Pembina Pipeline Corp
PPL-T
Rick Stuchberry

He does not own pipes right now.  This is a good one and if he had to own one it would be in the top group.  The risk is simply that the energy markets are not attracting any cash flows.  You are fine to collect the dividend of 5.2%.


Price: $41.490
Subject: CANADIAN LARGE & ADRs
Bias: UNKNOWN
Owned: No
2017-10-23 COMMENT Royal Dutch Shell PLC (B)
RDS.B-N
Lorne Steinberg

All these companies are investing more and more in renewables, as they see the future of oil. They’ve brought their cost structure down. Balance sheet is very, very strong. You’re getting a 6% dividend, but they are balancing out their portfolio and throwing off lots of free cash flow. Rising dividends are in the cards even if oil stays at $50. If oil gets weaker, these of the survivors.


Price: $63.110
Subject: Global Value & High Yield Bonds
Bias: UNKNOWN
Owned: Yes
2017-10-23 TOP PICK Royal Bank
RY-T
Rick Stuchberry

He trimmed some in the spring around $98 and replaced it in the low $90s.  It is a quality, quality bank and is a big beneficiary of bull markets.  You can buy it here and a year from now it will be up.  It is a solid, well run company.  (Analysts’ target: $101.00).


Price: $101.420
Subject: CANADIAN LARGE & ADRs
Bias: UNKNOWN
Owned: Yes
2017-10-23 HOLD Banco Santander SA
SAN-N
Rick Stuchberry

The politics is what is holding this one back because of the potential separation of the Caledonian region.  The company itself was looking great until the last months’ political matters.  You have to hold your nose until the politics gets out of the way and then you are good to go.  2/3rds of the bank’s business is not in Spain.  It is simply tarnished with the brush of Spain.


Price: $6.460
Subject: CANADIAN LARGE & ADRs
Bias: UNKNOWN
Owned: Yes
2017-10-23 TOP PICK Spin Master Corp
TOY-T
Rick Stuchberry

Toys R US went bust.  But he likes Spin Master Corp. (TOY-T).  This is a great company with great growth.  They have the media which is how they market.  They are in a very positive growth market.  (Analysts’ target: $51.00).


Price: $50.380
Subject: CANADIAN LARGE & ADRs
Bias: UNKNOWN
Owned: Yes
2017-10-23 BUY Whirlpool Corp
WHR-N
Rick Stuchberry

Housing starts are coming along nicely.  Household formations are changing and millennials are starting to buy their own homes.  He prefers HD-N for this play because it is a retailer that covers many different aspects of the whole package.  It will grow its dividend and internal measurements. 


Price: $182.500
Subject: CANADIAN LARGE & ADRs
Bias: UNKNOWN
Owned: No
2017-10-23 WATCH Wal-Mart Stores Inc.
WMT-N
Rick Stuchberry

It will be a goliath vs. goliath war.  They have the plant and equipment.  It is a cost game.  AMZN-Q has the momentum, but WMT-N is the best candidate to take them on.  He is focused on the battle which is going to be fought here.


Price: $88.650
Subject: CANADIAN LARGE & ADRs
Bias: UNKNOWN
Owned: No
2017-10-23 BUY WSP Global Inc.
WSP-T
Rick Stuchberry

He likes it.  The earning are going to be good.  Strategically, to buy these stocks that are up a bit, get a toehold and then add when it pulls back.  You should have it but you don’t need to buy it all at once.


Price: $54.700
Subject: CANADIAN LARGE & ADRs
Bias: UNKNOWN
Owned: Yes
2017-10-23 COMMENT iShares CNX Nifty India
XID-T
Larry Berman CFA, CMT, CTA

XID-T vs. ZID-T.  A Difference in Tax Treatment?  With a Canadian based ETF holding US ETFs subject to US withholding tax you can get double withholdings.  He suggests asking the ETF provider what the tax consequences are for holding their funds in your Canadian account.


Price: $34.200
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Unknown
2017-10-23 BUY Yamaha Corp
YAMCY-5
Lorne Steinberg

Japanese stock for a long-term hold? If he had to buy one Japanese stock, it would be this one. The whole Japanese market, by far, remains the cheapest market. They have room for lots of dividend growth. Lots of free cash flow. (See Top Picks.)


Price: $0.000
Subject: Global Value & High Yield Bonds
Bias: UNKNOWN
Owned: Yes
2017-10-23 COMMENT BMO India Equity Hedged to CAD ETF
ZID-T
Larry Berman CFA, CMT, CTA

XID-T vs. ZID-T.  A Difference in Tax Treatment?  With a Canadian based ETF holding US ETFs subject to US withholding tax you can get double withholdings.  He suggests asking the ETF provider what the tax consequences are for holding their funds in your Canadian account.


Price: $22.290
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Unknown
2017-10-23 COMMENT BMO Europe High Dividend Covered Call Hedged to CAD ET
ZWE-T
Larry Berman CFA, CMT, CTA

EUFN-N vs. ZWE-T.  EUFN-N is an interesting way to get exposure to European banks.  The risk is that the European recovery does not take hold.  It appears the world is recovering and that the banks are a good place to be, although his outlook longer term is not great on them, and so he does not recommend it.  He sees more risk than not.  Otherwise, it is a good way to play European banks.  He prefers ZWE-T for the yield and the covered calls to lower risk.


Price: $22.230
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Yes
2017-10-23 COMMENT BMO Covered Call Utilities ETF
ZWU-T
Larry Berman CFA, CMT, CTA

The .U units are in US$ and not a lot of people are using them.  Its liquidity is that of the underlying securities.  The market maker creates more units as required.  There is no need to worry about liquidity just because the ETF is thinly traded.


Price: $14.000
Subject: NORTH AMERICAN - LARGE & ETFs
Bias: UNKNOWN
Owned: Unknown
2017-10-20 N/A A Comment -- General Comments From an Expert
A Commentary
Bruce Campbell (1)

Market. Usually, from about Nov 15 to the end of the year the market does well. From here to Nov 15, it is usually flat and then up into the year end, so maybe there won’t be any correction until early next year. Surprised energy is not doing better with oil prices of $51-$52. Stocks had a nice run when oil initially pushed through $50, but it hasn’t really followed through, even though it has tried a couple of times. Fears of a bubble in Canadian real property has kind of dissipated. In the banks, the quarter was up about 9%, dividend increases were still there, and we now have reasonable returns, so it’s a nice place to hide.


Price: $0.020
Subject: CANADIAN LARGE
Bias: UNKNOWN
Owned: _N/A
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