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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
2017-05-04 PAST TOP PICK Morgan Stanley
MS-N
Richard Croft

(A Top Pick Dec 9/16. Down 1.85%.) Synthetic Long Position. A play on financials and is still bullish on them. This is synthetically the same as owning the stock, but much more tax advantaged for a Canadian holder.


Price: $43.280
Subject: OPTION STRATEGIES & E.T.F.S
Bias: UNKNOWN
Owned: Unknown
2017-05-04 DON'T BUY Nike Inc
NKE-N
James Thorne

The sports apparel business is saturated.  These guys are having difficult times.  There is over capacity and competition on pricing.  It is dead money.  They will fix it and it will come down.


Price: $54.470
Subject: US DIVIDEND
Bias: BEARISH on RESOURCES
Owned: Unknown
2017-05-04 PAST TOP PICK Royal Bank
RY-T
Richard Croft

(A Top Pick Dec 9/16. Up 31.11%.) Long term January call. This was just a way to leverage a position, and this is still good till next January.


Price: $92.750
Subject: OPTION STRATEGIES & E.T.F.S
Bias: UNKNOWN
Owned: Yes
2017-05-04 PAST TOP PICK Banco Santander SA
SAN-N
James Thorne

(Top Pick Feb 27/17, Up 27%) He still likes the company and is adding on every pullback.  There is going to be a resolution on zero interest rates and austerity.  He really likes European banks as well as US Banks.  Canadian banks are way too expensive.  You should stand back on UK banks because of BREXIT.  Greece will be a big beneficiary of all of this.


Price: $6.750
Subject: US DIVIDEND
Bias: BEARISH on RESOURCES
Owned: Yes
2017-05-04 PAST TOP PICK Star Bulk Carriers Corp.
SBLK-Q
James Thorne

(Top Pick Feb 27/17, Down 9%)  He sold at $13.50.  He trimmed that back. He likes the area, but it got too much hype.  He is looking to get back in.


Price: $8.110
Subject: US DIVIDEND
Bias: BEARISH on RESOURCES
Owned: No
2017-05-04 HOLD Starbucks
SBUX-Q
James Thorne

It would be okay as a dividend grower.  But these stocks get to a point of saturation so he questions the growth rate.  However, it is a safe stock.  Do not expect it to appreciate much.  The growth phase is over and it is dead money.  It will be difficult for this company to grow.  The coffee at Tim Horton’s is just as good.


Price: $60.830
Subject: US DIVIDEND
Bias: BEARISH on RESOURCES
Owned: Unknown
2017-05-04 TOP PICK Square Inc
SQ-N
Richard Croft

This is a financial services company. He really likes their business model. It is making inroads with a lot of small businesses, because they are more cost-effective than running the normal credit cards through. He is doing a Covered Write on it. The premiums are quite rich on it.


Price: $19.900
Subject: OPTION STRATEGIES & E.T.F.S
Bias: UNKNOWN
Owned: Yes
2017-05-04 COMMENT Toronto Dominion
TD-T
Richard Croft

January 66 Call Option. The price of this is below where the stock is actually trading. You have until January, and he would not exercise an option early. If you exercised the option, you would be giving up the time value which is part of the option’s price.


Price: $63.290
Subject: OPTION STRATEGIES & E.T.F.S
Bias: UNKNOWN
Owned: Unknown
2017-05-04 COMMENT Verizon Communications
VZ-N
James Thorne

An interesting play on Netflix.  It is a defensive play.  He wishes Rogers would put as much money into their infrastructure as VZ-N.


Price: $45.880
Subject: US DIVIDEND
Bias: BEARISH on RESOURCES
Owned: Unknown
2017-05-04 COMMENT iShares S&P/TSX Capped Comp. ETF
XIC-T
Richard Croft

The premiums for options seem very, very thin. Because of the diversity that protects you? Yes. This one is just the capped TSX 60. It was designed when Nortel was a big part of the index, so they capped the exposure to one stock. We don’t really have that issue today. You are looking at a diversified ETF that isn’t particularly volatile.


Price: $24.440
Subject: OPTION STRATEGIES & E.T.F.S
Bias: UNKNOWN
Owned: Unknown
2017-05-04 COMMENT iUnits S&P/TSX 60 ETF
XIU-T
Richard Croft

The premiums for options seem very, very thin. Because of the diversity that protects you? Yes. This one is just the capped TSX 60. It was designed when Nortel was a big part of the index, so they capped the exposure to one stock. This is really representative of Canada’s economy, very much dependent on raw materials and energy, and is about 30% of this one. We don’t really have that issue today. You are looking at a diversified ETF that isn’t particularly volatile. You have optimal diversification, which is why this one often underperforms the S&P 500.


Price: $22.910
Subject: OPTION STRATEGIES & E.T.F.S
Bias: UNKNOWN
Owned: Unknown
2017-05-04 COMMENT SPDR Cons Discretionary ETF
XLY-N
Richard Croft

One of the issues with the Consumer Discretionary space is what is called the “Amazon affect”, which has had such a major impact on so many retailers. He thinks you are almost better off picking a retailer that has been able to restructure itself and immunize itself as best as possible against Amazon. Coach (COH-N) would be an example. If you can afford it, he would buy Amazon as your starting point and look for a couple of retail companies that you think have an opportunity to continue.


Price: $89.610
Subject: OPTION STRATEGIES & E.T.F.S
Bias: UNKNOWN
Owned: Unknown
2017-05-04 COMMENT BMO S&P/TSX Laddered Preferred
ZPR-T
Richard Croft

How will rising interest rates affect this, up or down? If you believe preferred shares are a little undervalued compared to bonds, higher interest rates are going to have a negative impact. Doesn’t think it will be as dramatic as the impact you would get if holding a bond portfolio. This is not a bad way to hedge your bets on a higher interest rate environment, because as rates go up, they will reset the preferreds at a higher rate to keep the price steady.


Price: $11.265
Subject: OPTION STRATEGIES & E.T.F.S
Bias: UNKNOWN
Owned: Unknown
2017-05-03 N/A A Comment -- General Comments From an Expert
A Commentary
Kash Pashootan

Market. He is invested and has 5% cash and 5% gold, so about 10% of his portfolio is hedged, or could go into equities if there was a sharp pullback. If there was a real meaningful pullback, he would underweight his bond allocation by around 10%, and go into equities for the short term.


Price: $0.020
Subject: NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias: UNKNOWN
Owned: _N/A
2017-05-03 N/A A Comment -- General Comments From an Expert
A Commentary
Kash Pashootan

Breakdown of a portfolio in terms of Canada, USA, Europe, Asia and emerging markets? He is 2/3 US and 1/3 Canada since January 2012. Doesn’t like to invest outside of developed markets. Although there is lots of opportunity he feels they lack regulation, and also many of them use different accounting standards making it difficult to analyse financial statements. Prefers to capture the upside in international markets through multinationals that trade in the US.


Price: $0.020
Subject: NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias: UNKNOWN
Owned: _N/A
2017-05-03 N/A A Comment -- General Comments From an Expert
A Commentary
Keith Richards

Market. One concern is the shift out of sectors that traditionally led the market up after an election. One of those is US banks. On a larger scale, you want market leaders to continue being leaders. If they start rounding over, it can be a sign of sector rotation, but if they are not performing at the time of the year they typically do perform, that could be a sign that the markets are running out of gas. Also, energy is a prime sector that tends to almost work like clockwork and typically gets a little bit of a bump into the spring. It didn’t do that this year, in fact fell back from about $54-$55 to $48-$49. He is building up cash and is at about 25%-26% as he feels the market is a little more bearish than normal. Expects to be 30% cash within the next month.


Price: $0.020
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: _N/A
2017-05-03 COMMENT A Comment -- General Comments From an Expert
A Commentary
Keith Richards

US banks. He just took profits today. The sector has been underperforming for the past quarter or so, which is unusual for this time of the year. Seasonally, they should be on fire.


Price: $0.020
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: No
2017-05-03 COMMENT A Comment -- General Comments From an Expert
A Commentary
Keith Richards

Energy. This tends to almost work like clockwork and peak out around the end of April/early May. This year it didn’t at all. It should be having a last-minute bump, but instead it has fallen back to $48-$49.


Price: $0.020
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: Unknown
2017-05-03 N/A A Comment -- General Comments From an Expert
A Commentary
Keith Richards

Sell in May and go away? Although he is a base technical person, he always takes this into account. He is pulling out a little at a time, not bailing out. He has a cardinal rule that his portfolio must have at least 15% cash by May 5. This is because 72% of the time the markets tend to underperform between May and November. He starts to focus on lower beta stuff.


Price: $0.020
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: _N/A
2017-05-03 TOP PICK Algonquin Power & Utilities Corp
AQN-T
Kash Pashootan

He is not convinced rates are going up in Canada. There is still lots of room for this one to grow. This is diversified in that half of their revenue comes from distribution, and half of it comes from generation. Dividend yield of 4.8%. (Analysts’ price target is $14.50.)


Price: $13.040
Subject: NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias: UNKNOWN
Owned: Yes
2017-05-03 WAIT Alimentation Couche-Tard (B)
ATD.B-T
Kash Pashootan

A great business. The chart shows it has had a steep rise, but more recently it has been flat. Feels the market is trying to figure out which direction the business is going, and the next chapter of growth. At 20X PE along with an acquisition to digest, you are better off missing the 1st few innings, and coming in once that acquisition has started to digest. Historically acquisitions don’t go very well, especially at the beginning.


Price: $62.620
Subject: NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias: UNKNOWN
Owned: No
2017-05-03 PAST TOP PICK BCE Inc.
BCE-T
Kash Pashootan

(A Top Pick Feb 11/16. Up 14%.) Buying this is buying a business that is established. Multi-revenue streams. Pays a great dividend, and combined with share price appreciation of 3%-4% a year will give you a 6%-7%.


Price: $61.750
Subject: NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias: UNKNOWN
Owned: Yes
2017-05-03 PAST TOP PICK Blackstone Group LP
BX-N
Keith Richards

(A top pick April 3/17. Up 7%.) He recently sold this. A limited partnership and has tax implications for non-registered accounts. He didn’t want to deal with the US tax implications. Still likes the stock and the company, and it is quite good for a registered account.


Price: $30.790
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: No
2017-05-03 DON'T BUY Caterpillar
CAT-N
Kash Pashootan

Relative to what they’ve been through, this has really done well. 75% of revenues are global and they are in over 180 countries. Have had a few very tough years from an environment perspective, and have held up very well. Although things are turning around, he would not be a buyer. A lot of their business is in emerging market countries where brand isn’t as important as price, and their main competitor is much cheaper. The stock is way too expensive at around 30X PE.


Price: $101.540
Subject: NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias: UNKNOWN
Owned: Unknown
2017-05-03 BUY on WEAKNESS CCL Industries (B)
CCL.B-T
Keith Richards

This definitely is in an uptrend and has a great looking chart. A little jump at the end of the chart indicates a possible or probable overbought situation. If you own the stock, continue to hold it. There will probably be a pullback where you could jump in.


Price: $312.770
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: Unknown
2017-05-03 COMMENT Corus Entertainment (B)
CJR.B-T
Kash Pashootan

Had owned this at the time the stock price was going down. When it got back to previous levels, he sold his holdings. Over the last 12-18 months, they’ve gone through a transition of being more focused on what they want the business to look like going forward. Today, they are in 2 parts, children and women and family. He likes that move, but there are still lots of question marks on what the industry will look like. Still a lot of work to be done. Dividend yield of 8.6% which he thinks is safe.


Price: $13.270
Subject: NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias: UNKNOWN
Owned: No
2017-05-03 COMMENT Canadian Imperial Bank of Commerce
CM-T
Kash Pashootan

Stock split? The reality is that a stock split is going to have very little impact to your long-term success in owning the shares. Also, it will make no difference to your performance. This and the National Bank (NA-T) are the cheapest on a valuation basis, and as a result they also pay the best dividends.


Price: $109.140
Subject: NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias: UNKNOWN
Owned: Unknown
2017-05-03 DON'T BUY Crescent Point Energy Corp
CPG-T
Keith Richards

This has been basing for a good year and a half. Looks like there is some support in the low double digits, close to $13, maybe $12. If it could bounce off that, it could be okay. It is not showing any signs of wanting to break out of its pattern. The chart also shows a series of lower highs and lower lows, and the hope for it is that the support of $10 will kick in real soon. If he owned it, he would be really worried that the $12 support might crack. If it does, Sell.


Price: $13.000
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: Unknown
2017-05-03 COMMENT Crombie Real Estate Investment Trust
CRR.UN-T
Keith Richards

Chart shows a bit of a base followed by a bit of a break out. What can happen after you get a break out is that you get a bit of a test down to the old break out. If it does bounce off that and moves up, it could be a very good stock.


Price: $14.320
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: Unknown
2017-05-03 COMMENT Constellation Software Inc.
CSU-T
Kash Pashootan

Essentially a serial acquirer of companies, which they roll into their product offering. Focused on smaller size companies. He bought this at $100 a share, and sold it last year at $629. It is going to become increasingly difficult for them to move the share price higher.


Price: $660.100
Subject: NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias: UNKNOWN
Owned: No
2017-05-03 TOP PICK Canadian Tire Corporation Ltd. (A)
CTC.A-T
Kash Pashootan

Old and boring, but he likes old and boring when it comes to investing. Its share price has really outperformed, and a lot of that really comes down to management and how the business has been run. Although there has been some change with the CEO, it has really been change to go back to who was the CEO before. 63% of their business is Canadian Tire which has about 500 stores, 20% is the SGL Sports and about 15% is the Marks brand. Their business now is what they are going to do with their e-commerce platform. Dividend yield of 1.6%. (Analysts’ price target is $175.50.)


Price: $166.040
Subject: NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias: UNKNOWN
Owned: Yes
2017-05-03 PARTIAL BUY Dollarama Inc.
DOL-T
Kash Pashootan

The stock is quite expensive, but he expects the growth to continue. They just came off the blockbuster quarter. The continuing growth is coming from 2 areas. 1.) The average transaction size is increasing. 2.) They are going to continue to open more stores. He would be cautious and take a half position, looking to leg in the rest whenever there is a small window of weakness. He doesn’t own this because the dividend is under 1%. Dividend yield of 0.36%.


Price: $121.850
Subject: NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias: UNKNOWN
Owned: No
2017-05-03 BUY Descartes
DSG-T
Keith Richards

The chart is showing a pretty darn good upward trend. He wouldn’t call it super overbought. A great looking chart. If he is right about the market taking a breather in the next month or 2, you might get an opportunity at a lower price.


Price: $31.380
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: Unknown
2017-05-03 PAST TOP PICK Emera Inc
EMA-T
Kash Pashootan

(A Top Pick Feb 11/16. Up 10%.) They have done a great job in expanding. Did a large acquisition last year which gave them a significant presence in the US. They’ve given guidance that the dividend should grow 8% per year. He is still buying this for new clients. Dividend yield of 4.4%.


Price: $47.140
Subject: NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias: UNKNOWN
Owned: Yes
2017-05-03 TOP PICK ETrade Financial Corp.
ETFC-Q
Keith Richards

Fundamentals look okay on this stock. Starting in February, there was a bit of a short-term downtrend, and that seems to be broken. They reported pretty good earnings recently, which is the driver right now. He is looking at this as a trade, and thinks it might get back into the mid to high $30s. He is looking at this as a possible 10%-20% mover, and then he will be gone. (Analysts’ price target is $42.)


Price: $36.030
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: Yes
2017-05-03 TOP PICK iShares MSCI Brazil ETF
EWZ-N
Keith Richards

The chart shows a long downtrend from 2014, followed by a base and then an uptrend. It is now pulling back slightly and testing the trend line, and thinks it will go up for a little bit. This is going to be a trade.


Price: $37.880
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: Yes
2017-05-03 COMMENT Fairfax Financial
FFH-T
Keith Richards

It is not a bearish chart, but somewhere around $600 it has support. It is showing a consolidation pattern with a descending right angle triangle. If it breaks out, it will probably go right back up to $750 or so. He would just trade this stock. It might be worth it if it breaks out of this triangle.


Price: $619.210
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: Unknown
2017-05-03 COMMENT First National Financial
FN-T
Keith Richards

$25 was an old point of resistance. Old resistance becomes new support, and this chart shows it. There is a possibility of this moving up, especially if there is good fundamental news such as a takeover. You might see this rise into the $28 area.


Price: $25.340
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: Unknown
2017-05-03 COMMENT CGI Group (A)
GIB.A-T
Keith Richards

Chart shows this is moving sideways. He would need it to break out of its pattern before he would be remotely interested, and would prefer to buy it higher. If it doesn’t break $65-$66 meaningfully, he expects it will move back down to the bottom of its trading channel. It doesn’t interest him.


Price: $65.550
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: Unknown
2017-05-03 COMMENT Gluskin Sheff and Associates
GS-T
Kash Pashootan

Possible takeover by one of the banks? It is tough for a bank to buy this, because the culture is much more entrepreneurial than what the banks have. Also, they focus on the high net worth investor, and the banks average client size would be significantly smaller. This has not gotten back to anywhere near the $30 share price that it had in the 2014 era. Dividend yield of 5.8%.


Price: $17.110
Subject: NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias: UNKNOWN
Owned: Unknown
2017-05-03 DON'T BUY Mattel
MAT-Q
Kash Pashootan

Kids today no longer play with their previously manufactured toys. User preferences have changed. Doesn’t think the dividend is safe.


Price: $21.740
Subject: NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias: UNKNOWN
Owned: No
2017-05-03 BUY McDonalds
MCD-N
Kash Pashootan

Sold his holdings, but still likes it and is hoping to get back in. The company needed to reinvent itself, and did that by providing a 24-hour a day McDonald’s. The new CEO has done some great things by refranchising stores with a focus on technology. Trading at around 23X PE, which is not expensive given the good things that are going on. A low beta stock, and you need some of those in a portfolio. In a bad market, these are the names that hold up. Dividend yield of 2.6%.


Price: $142.620
Subject: NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias: UNKNOWN
Owned: No
2017-05-03 COMMENT Manulife Financial
MFC-T
Kash Pashootan

Move into banks instead? He likes the banks more. This company’s story on paper is pretty good. They’ve gone from being insurance centric to wealth management, which has that reoccurring fees. They’ve done a lot of things well. Interest rates are eventually going to go up, and this company is going to benefit. However, if you are not making money for your shareholders, it is a waste of time. He would make that move.


Price: $24.130
Subject: NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias: UNKNOWN
Owned: Unknown
2017-05-03 COMMENT Manulife Financial
MFC-T
Keith Richards

Bought this for his equity platform on its break-out in late 2016, and sold it in the early part of this year. He still holds it in his income platform because it has a pretty darn good dividend. Doesn’t think there is a lot of downside. If you are happy holding the stock and collecting the dividend, there is going to be a fair amount of support at around $22, and he wouldn’t worry about it.


Price: $24.130
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: Yes
2017-05-03 TOP PICK New Flyer Industries Inc.
NFI-T
Kash Pashootan

Transit and motor Coach manufacturing. Although it trades on the TSE, it is very much US focused with 90% of their sales come from the US. The stronger US$ helps on the earnings side of things. Dividend yield of 1.8%. (Analysts’ price target is $57.50.)


Price: $51.460
Subject: NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias: UNKNOWN
Owned: Yes
2017-05-03 COMMENT Pembina Pipeline Corp
PPL-T
Keith Richards

Veresen (VSN-T) has offered to buy this company for $3 billion. The pipeline sector is not a bad place to be as a low beta in a choppy market this summer. They’ll pay good dividends. However, he doesn’t expect tons of upside. This is a little bit near the upper end of a trend channel, so it might round over a little. However, it is a good place to be for the summer because you’ll make some dividends and you won’t lose a lot.


Price: $43.250
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: Unknown
2017-05-03 TOP PICK Power Financial Corp
PWF-T
Keith Richards

This had a break out in 2016 and is making higher highs and higher lows. Doesn’t think this is going to be a big mover, but it has a safe looking pattern. (Analysts’ price target is $37.)


Price: $34.930
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: Yes
2017-05-03 PAST TOP PICK ResMed Inc.
RMD-N
Kash Pashootan

(A Top Pick Feb 11/16. Up 24%. Up 24%.) Sleep apnea is such an unaware market. 26% of the population have it, and the penetration is less than 15%. Last year, there was a lot of built-up demand for the masks that they create, because the new line was being rolled out. They’ve rolled out the new masks, and there has been more demand than had been expected. The dividend is just under 2%. He is continuing to buy this.


Price: $68.950
Subject: NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias: UNKNOWN
Owned: Yes
2017-05-03 DON'T BUY Raging River Exploration
RRX-T
Keith Richards

The chart shows a pretty choppy uptrend from the beginning of 2015, and suddenly at the beginning of this year, that uptrend was trashed. Just recently a support level of about $8.50, has been broken. It could go down to the $6.75-$6.80 area. If that doesn’t hold, then it could possibly go as low as $5.50-$6. It also had a rounded top which is another negative.


Price: $7.630
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: Unknown
2017-05-03 HOLD Royal Bank
RY-T
Kash Pashootan

Sell or hold? The entire Canadian banking sector has moved up. Some of them are a little cheaper than others, but you are not going to get any compelling buy comparable to this bank. If you are a longer-term investor, this is fine.


Price: $92.800
Subject: NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias: UNKNOWN
Owned: Unknown
2017-05-03 WATCH Shopify Inc.
SHOP-T
Keith Richards

The trend on this is up. A great looking chart. Whenever a stock gets off the trend line, and this one is really parabolically off, you know that the momentum indicators will be overbought. Wait for them to round over, and you’ll probably see this one return back to its trend line, and that would be your opportunity to buy.


Price: $112.190
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: Unknown
2017-05-03 BUY Toronto Dominion
TD-T
Kash Pashootan

The recent problems of aggressive sales practices could also be said of the other Canadian banks, and he does not think it is a game changer, but would use it as a buying opportunity. A year or 2 from now, no one is going to be talking about it. This is a great business and it is well run.


Price: $63.470
Subject: NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias: UNKNOWN
Owned: Unknown
2017-05-03 WATCH Toronto Dominion
TD-T
Keith Richards

The banks all have broken topping patterns and have created a neck line where there is some support. Somewhere around $60, this might become interesting. Technically you wait for it to hit the point and you wait for it to bounce off.


Price: $63.470
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: Unknown
2017-05-03 SELL Vermillion Inc
VRML-Q
Keith Richards

Chart shows it was in a slowly dying down trend, and had a nice break out at the beginning of the year. It then pulled right back. Stocks can swing around a lot. No pension manager or large institution is going to trade a $2 stock. You are generally at the mercy of retail investors. Sees a weakening pattern and at best it looks neutral. If you made some money, he would consider moving on to greener pastures.


Price: $1.900
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: Unknown
2017-05-03 COMMENT Veresen Inc
VSN-T
Keith Richards

The stock has attempted to crack $19 or $20 multiple times, and failed every time. In this environment, even if it succeeds in taking over Pembina (PPL-T), it is a mediocre chart that he personally would not buy.


Price: $18.450
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: No
2017-05-03 COMMENT Verizon Communications
VZ-N
Kash Pashootan

This gives a comfort and sense of security, and is a service we all use, especially in the US. They are large and pay a big dividend. However, the stock chart shows it hasn’t done much for a while. It has really gone sideways for several years at around $50. Other than the dividend, there hasn’t been any real capital appreciation. They are going through a transition. They were a telephone company initially, then a mobile cell phone company, and now getting heavily into media and transitioning once again. With their acquisitions, there is risk. If you own, he would suggest switching to Canadian telcos instead because of the dividend tax credit.


Price: $46.150
Subject: NORTH AMERICAN DIVIDEND & PORTFOLIO CONSTRUCTION
Bias: UNKNOWN
Owned: No
2017-05-03 WAIT iShares S&P/TSX Global Gold
XGD-T
Keith Richards

He trades gold, but it is not a trending thing at this point. The best time to trade gold is generally between July and late fall/early winter. He wouldn’t own gold right now.


Price: $12.690
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: No
2017-05-03 PAST TOP PICK BMO Junior Oil Index ETF
ZJO-T
Keith Richards

(A top pick April 3/17. Down 7%.) This was a crummy trade. Thinks it might have a bit of an oversold bounce. He is talking 1-3 weeks and is going to get out.


Price: $14.270
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: Yes
2017-05-03 PAST TOP PICK BMO Equal Weight US Banks Hedged to CAD ETF
ZUB-T
Keith Richards

(A top pick April 3/17. Up 1%.) US banks have been underperforming lately. He felt it probably had short term technical resistance at around $26, so just sold his holdings today.


Price: $25.880
Subject: TECHNICAL ANALYSIS
Bias: CAUTIOUS
Owned: No
2017-05-02 N/A A Comment -- General Comments From an Expert
A Commentary
Gordon Reid

Market. The long-awaited recovery from 2008 started to take place some months before the election results were in, but the Trump victory, and more importantly the double win by the Republicans in the Congress and Senate, were the catalysts to accelerate the market’s confidence that things would change and that we would get more of a pro-growth, pro-cyclical type of market. The S&P 500 has been flirting with the record high of $2400, and wouldn’t be surprised to see a break out above that by year-end. We went 5 quarters in a row from middle to late 2015 to 2016, with falling earnings year-over-year. That has changed with this quarter looking at 12.5% growth in earnings in the US, probably 10% for the full year, and there is still that confidence that the regulation and the long-awaited tax reform will be a boost for earnings. He sees a pretty good economic outlook for the US.


Price: $0.020
Subject: US EQUITIES
Bias: OPTIMISTIC
Owned: _N/A
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