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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
2017-07-18 COMMENT Vermilion Energy Inc
VET-T
David Burrows

Has been Short the energy sector since January, and has covered about half of his Shorts. He doesn’t tend to try and find better companies in a bad neighbourhood. Every time energy rallies, new production in the US comes on. He would be careful on energy.


Price: $38.990
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Unknown
2017-07-18 TOP PICK Waste Connections
WCN-T
Barry Schwartz

An idea based upon a pickup on global growth, and that the US is going to continue showing improvement. They acquired a Canadian company, Progressive Waste Solutions, and are much bigger. They are not done yet. They want to continue to consolidate the industry, which is still extremely fragmented. Not a cheap stock, but has pulled off a little bit here. Dividend yield of 0.8%. (Analysts’ price target is $96.)


Price: $81.520
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2017-07-18 COMMENT TSX Group
X-T
Barry Schwartz

This owns the TSX and a bunch of data, so they make money on trading. Expects it will have a pretty good Q2 because there have been more IPOs. This is on track to earn around $4.75 this year, maybe $5 in 2018. Valuation is at 13-14 times earnings, which is very inexpensive for a company with very consistent earnings. Management has done an excellent job righting the ship. They’ve turfed a number of underperforming divisions and even raised the dividend twice in the past year. Generates an enormous amount of free cash flow. He sees upside to at least $80.


Price: $67.680
Subject: NORTH AMERICAN - LARGE
Bias: UNKNOWN
Owned: Yes
2017-07-17 N/A A Comment -- General Comments From an Expert
A Commentary
Brendan Caldwell

Markets. The central bank of Canada insists the economy of Canada’s is really strong. The US wants to raise rates so there is something to cut later and he thinks it is really the same in Canada.  Energy sensitive provinces had somewhat of a rebound. The government is extrapolating out to the end of the year, but now energy prices are going back down.  We are the only real petro currency in the world, after Mexico and Norway.  The Canadian market is weird compared to the rest of the world. Outside of our biggest sectors, there are world beater mid-sized companies in Canada.  A lot gets taken over by bigger entities.  Canada is not a sector by sector thing.  The good sectors are worth 15% of the index.


Price: $0.020
Subject: CANADIAN VALUE
Bias: SELECTIVE
Owned: _N/A
2017-07-17 DON'T BUY A Comment -- General Comments From an Expert
A Commentary
Brendan Caldwell

A recommendation for an Index Fund for Oil. Don’t get a leveraged one.  He is not that wildly bullish on the price of oil right now. The price of oil is going to bounce around.  Rebalancing in a leveraged fund could cause you to lose money even if oil goes up. 


Price: $0.020
Subject: CANADIAN VALUE
Bias: SELECTIVE
Owned: _N/A
2017-07-17 N/A A Comment -- General Comments From an Expert
A Commentary
Don Vialoux

Markets.  It is a special day today, July 17th.  On average the S&P over the last 20 years has peaked on Feb 17th, then down until the middle of October.  Today is the average day for the start of a correction.  For the TSX it is similar.  It peaks about July 17th.  There is volatility and there is lower volume.  Volatility starts rising about the beginning of July.  The markets bottom in October.  The VIX is doing about nothing right now.  The spike in volatility has not happened yet this year.  All this means is a selloff to come.  There are some interesting buying opportunities. 


Price: $0.020
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: UNKNOWN
Owned: _N/A
2017-07-17 N/A A Comment -- General Comments From an Expert
A Commentary
Don Vialoux

Educational segment.  The VIX.  It often rises in the summer, connected to a correction in the markets.  This year it could be a problem in Korea or a problem in the congress of the US.  Not everything goes down when you have a spike in the VIX.  Gold.  When the VIX spikes in July to October, so does gold.  We are seeing early signs of XGD-T bottoming.  Momentum indicators are starting to turn higher.  Stocks are moving off their 20 day moving averages.  There are early signs that gold has bottomed.  Look at bullion and stocks and pick the one that is performing the best.  It looks like gold stocks are the way to play the seasonal trade this year.


Price: $0.020
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: UNKNOWN
Owned: _N/A
2017-07-17 N/A A Comment -- General Comments From an Expert
A Commentary
Richard Croft

Market. We are experiencing the 3rd largest economic expansion in history, and if it goes to 2019, it will be the longest in history. The market has tripled since the financial crisis and many investors are concerned that it has gone up too far and too fast, and that there is going to be another major correction. That is making this the most unloved market that he has ever witnessed in 40 years. Feels it bodes well for the longer-term and doesn’t think it is over. It is hard for the US to do something, and not have Europe come into play, along with the rest of the world, so he is not sure there are going to be any further interest rate hikes for the rest of the year.


Price: $0.020
Subject: OPTION STRATEGIES & E.T.F.S
Bias: UNKNOWN
Owned: _N/A
2017-07-17 N/A A Comment -- General Comments From an Expert
A Commentary
Richard Croft

Obtaining “implied volatility ratings” for Canadian stocks? Implied volatility is what is used to price an option, and is based on how volatile the underlying security is. Volatile stocks command a higher option premium. The easiest way to create a list of implied volatility stocks, is to look at the most volatile stocks in the Canadian market. Gold stocks would typically be in the top quartile of volatility. You can get implied volatility numbers if you have a discount broker that provides you with a quote machine, which will, in most cases, show you the implied volatility.


Price: $0.020
Subject: OPTION STRATEGIES & E.T.F.S
Bias: UNKNOWN
Owned: _N/A
2017-07-17 N/A A Comment -- General Comments From an Expert
A Commentary
Richard Croft

A Covered Call in a registered account. Buy back the Calls and roll them out, or just let them get called away and write another Call? He does a lot of rolling, which is usually a good thing as it means the stock is going up in value and you crossed the strike price and are going to get called away at a price a little below where it is and you want to roll up to a higher strike price. It really depends on how comfortable you are with the stock, and is it a price point where you normally would’ve sold it if you didn’t use options.


Price: $0.020
Subject: OPTION STRATEGIES & E.T.F.S
Bias: UNKNOWN
Owned: _N/A
2017-07-17 N/A A Comment -- General Comments From an Expert
A Commentary
Richard Croft

Covered Calls Comment. One thing you want to look for in a Covered Call is a good quality company that has upside potential and has enough volatility in it that the option premiums are valuable enough that it makes sense. Tech companies fill that bill on so many fronts.


Price: $0.020
Subject: OPTION STRATEGIES & E.T.F.S
Bias: UNKNOWN
Owned: _N/A
2017-07-17 COMMENT A Comment -- General Comments From an Expert
A Commentary
Richard Croft

An ETF representing the US defence industry? SPDR S&P Aerospace & Defence (XAR-N), iShares Aero & Def. (ITA-) or Power Shares Aerospace & Defence (PPA-N) all do the same thing.


Price: $0.020
Subject: OPTION STRATEGIES & E.T.F.S
Bias: UNKNOWN
Owned: Unknown
2017-07-17 N/A A Comment -- General Comments From an Expert
A Commentary
Richard Croft

How do you determine if an Option Bid/Ask is overpriced or not? If you have a very wide gap between the Bid and Ask price of the option, you may be better off avoiding the option, because you are going to have a challenge trying to exit the position later on.


Price: $0.020
Subject: OPTION STRATEGIES & E.T.F.S
Bias: UNKNOWN
Owned: _N/A
2017-07-17 COMMENT Apple
AAPL-Q
Richard Croft

What Call Options would you use? The easiest way is to buy the option that is closest to the current price of the underlying stock. It is currently at $149.56, so he would look at a $150 Call. A $150 Call is the option that is considered to be “at the money”, because the Strike price is basically at where the stock price is. The “at the money” options tend to act most like an options contract, so you will get the bang on the upside and the hedge a bit on the downside. It is the most liquid option of the basket that you could look at. If you want to get a little more sophisticated, try and ascertain in your mind what kind of move you think is reasonable for the company based on your forecast for what the iPhone 8 is going to do for the company.


Price: $149.560
Subject: OPTION STRATEGIES & E.T.F.S
Bias: UNKNOWN
Owned: Unknown
2017-07-17 DON'T BUY Aimia
AIM-T
Brendan Caldwell

The runner of the Aeroplan loyalty plan.  Whenever a company loses its biggest customer it will impact it.  This is not an opportunity to get in.


Price: $1.660
Subject: CANADIAN VALUE
Bias: SELECTIVE
Owned: No
2017-07-17 DON'T BUY Altagas Ltd
ALA-T
Don Vialoux

The technical picture does not look good.  It is in a downward trend and not showing signs of support.  It is underperforming the market.


Price: $29.500
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: UNKNOWN
Owned: Unknown
2017-07-17 COMMENT Amazon.com
AMZN-Q
Don Vialoux

AMZN-Q vs. QQQ-Q.  You can buy very few AMZN-Q shares if you want.  There are huge earnings coming in from the technology sector and they report next week.  The QQQ-Q’s seasonality reaches its peak on July 17th (today).  These stocks are overbought right now.   The stocks are starting to struggle.  We have already seen the peak in QQQ-Q.


Price: $1010.040
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: UNKNOWN
Owned: Unknown
2017-07-17 PAST TOP PICK Bank of America
BAC-N
Richard Croft

(A Top Pick Dec 9/16. Up 20.4%.) Synthetic Long Position. Buy Jan 25 calls at $2.12 and Sell Jan 25 puts at $4.35. The combination of those 2 is going to act exactly like the stock is going to react. If you bought the stock, you would have to do it in US$, but by using this strategy you actually create a credit in the account and you secure it with Canadian Treasury bills.


Price: $24.020
Subject: OPTION STRATEGIES & E.T.F.S
Bias: UNKNOWN
Owned: Yes
2017-07-17 COMMENT BCE Inc.
BCE-T
Richard Croft

You recommended using Covered Calls as a Top Pick on June 15/17. What strike price specifically? There were 2 reasons for that recommendation. Had thought BCE had sold off quite a bit with a dividend yield in excess of 5%. Doesn’t think there is a lot of downside in it, and would look at writing a longer-term Call Option. He was looking at it as an income generating strategy. You want to think of the premium from the Call Option as a 5th dividend that you are receiving. At the current price of $58.25, he would go for a $60 Call Option, which gives you a little upside, and you are collecting a dividend in excess of 5%. The stock is not volatile. If able to sell a $60 Call and go out 6 to 8 months, you will probably get the equivalent of a dividend payment.


Price: $58.250
Subject: OPTION STRATEGIES & E.T.F.S
Bias: UNKNOWN
Owned: Unknown
2017-07-17 TOP PICK Celestica Inc
CLS-T
Brendan Caldwell

Canada is phenomenal in areas we don’t think we are.  This one is trading at a big discount to its peers.  One of the biggest suppliers to the aerospace and defense industry.  We may not be the dominant brand, but we are the brains behind the brands.  They are a little bit behind on valuation.  (Analysts’ target: $15.50).


Price: $17.430
Subject: CANADIAN VALUE
Bias: SELECTIVE
Owned: Yes
2017-07-17 COMMENT Canadian Imperial Bank of Commerce
CM-T
Brendan Caldwell

It is more of a case of what is going on with the Canadian central bank and what the rate increase will mean for the banks.  The rate increase is positive for them.  They can actually charge more for money, but won’t have to pay any more for it to customers.  The prime mortgage rate went up by a quarter of a percent.  CWB-T has the biggest net impact from this increase.  CM-T will be impacted by rate increases in how they impact the housing market.  Weakness in the industry could be an issue for them.


Price: $107.900
Subject: CANADIAN VALUE
Bias: SELECTIVE
Owned: Unknown
2017-07-17 HOLD Canadian Imperial Bank of Commerce
CM-T
Don Vialoux

It has been technically been showing some interesting patterns.  It broke out into a new high in the last few days.  You would prefer to buy it back in the trading range.  It is good between September and December of each year, but we are not into the period of seasonal strength.  Stick with it if you own it.


Price: $107.900
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: UNKNOWN
Owned: Unknown
2017-07-17 COMMENT Crescent Point Energy Corp
CPG-T
Brendan Caldwell

Historically it was the darling.  It continued to expand production as energy prices went up.  It did a lot of financing to fund its dividend and its expansion program.  Then when energy prices came down it did not fare well and later did not recover with the price of energy.  He does not know what is going to drive it higher from here.


Price: $9.180
Subject: CANADIAN VALUE
Bias: SELECTIVE
Owned: Unknown
2017-07-17 WATCH CRH Medical Corp.
CRH-T
Brendan Caldwell

He has no price target.  It is another great Canadian healthcare stock that got hammered a short while ago.  The reason for the most recent decline is that Central Medical Services has changed how they code some services.  This company should eventually be at higher prices, but he wants to see the dust settle.


Price: $4.670
Subject: CANADIAN VALUE
Bias: SELECTIVE
Owned: No
2017-07-17 DON'T BUY Cenovus Energy
CVE-T
Don Vialoux

The chart is not looking too good.  There is a distinctive trend down.  It may be trying to form a base, showing an early sign of bottoming.  You want more than just early signs.  Seasonally these stocks do well from January to April.


Price: $9.380
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: UNKNOWN
Owned: Unknown
2017-07-17 COMMENT Global X Super Dividend US
DIV-N
Richard Croft

One of many high dividend paying ETF’s. You are buying into companies that pay good dividends with a history of increasing them. As there is a history of increasing dividends in these companies it is not a bad investment in a rising interest rate environment, as you are getting a bump-up in a yield that is inside the ETF’s anyways.


Price: $25.280
Subject: OPTION STRATEGIES & E.T.F.S
Bias: UNKNOWN
Owned: Unknown
2017-07-17 COMMENT Enbridge
ENB-T
Brendan Caldwell

PPL-T vs. ENB-T.  In the energy space these have been stronger performers overproducers. With interest rates moving higher it will be a mixed blessing for pipelines.  Their dividend does not look as attractive, but as interest rates go up so are their allowed rate of return through the regulator.  Look for which one has the most consistent track record of dividend increases and the best record of dividend coverage.  If it is the same stock for each factor, go with it and if not go with the latter factor.


Price: $51.580
Subject: CANADIAN VALUE
Bias: SELECTIVE
Owned: Unknown
2017-07-17 PAST TOP PICK CGI Group (A)
GIB.A-T
Brendan Caldwell

(Top Pick Apr 8/16, Up 6.35%) He likes the tech business. He likes what they have been able to do. They are a world leader.  He feels very strongly about CGI. He would still buy it.


Price: $66.250
Subject: CANADIAN VALUE
Bias: SELECTIVE
Owned: Yes
2017-07-17 COMMENT Brand Leaders Plus Income
HBF-T
Richard Croft

A US ETF that corresponds to this ETF? There are a number of ETF’s in the US that do covered calls. (See Top Picks.)


Price: $8.910
Subject: OPTION STRATEGIES & E.T.F.S
Bias: UNKNOWN
Owned: Unknown
2017-07-17 DON'T BUY Home Capital Group
HCG-T
Brendan Caldwell

It was one of those stocks that just kept getting more and more extended.  He exited 2 or 3 years ago.  The buffet injection of cash is a good thing.  It is a case of how much the culture and the company has to transform.  You are also looking at an interesting time in the Canadian housing market. 


Price: $14.340
Subject: CANADIAN VALUE
Bias: SELECTIVE
Owned: No
2017-07-17 COMMENT Horizons EURO STOXX 50® Index ETF
HXX-T
Richard Croft

The 50 biggest stocks in Europe, so think about it like the S&P 500 in the US. If dealing in futures, the futures contracts on indexes are higher than the risk-free rate of interest is. This means futures are trading in a negative slope.


Price: $29.620
Subject: OPTION STRATEGIES & E.T.F.S
Bias: UNKNOWN
Owned: Unknown
2017-07-17 PAST TOP PICK Imvescor Restaurant Group
IRG-T
Brendan Caldwell

(Top Pick Apr 8/16, Up 32.96%)  It has participation in a wide variety of restaurants.  This is not an entry point.  There are higher growth possibilities in the market right now.


Price: $3.500
Subject: CANADIAN VALUE
Bias: SELECTIVE
Owned: Yes
2017-07-17 WATCH Ivanhoe Mines
IVN-T
Don Vialoux

The base metal stocks over the last three weeks are showing some very strong technical strength.  The long term trend is still to the upside.  The resistance is at the $5.50 level.  Strength will continue seasonally until the end of July.  It is outperforming the TSX and above the 20 & 50 day moving averages. Watch for it to move above the $5.50 mark.


Price: $4.790
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: UNKNOWN
Owned: Unknown
2017-07-17 TOP PICK JP Morgan Chase & Co
JPM-N
Richard Croft

*Covered Call*. The company had blowout numbers. Thinks the stock is going to go through $100 before the end of the year. He did a $97.50 Call.


Price: $91.390
Subject: OPTION STRATEGIES & E.T.F.S
Bias: UNKNOWN
Owned: Yes
2017-07-17 DON'T BUY Loblaw Companies Ltd
L-T
Brendan Caldwell

There are wonderful opportunities in the food business.  But this one is in a very competitive environment and he does not own it right now.  It does not have a huge competitive advantage.  He is in a wait and see mode with respect to Shoppers.


Price: $70.890
Subject: CANADIAN VALUE
Bias: SELECTIVE
Owned: No
2017-07-17 PARTIAL SELL Manulife Financial
MFC-T
Don Vialoux

There are unconfirmed reports that it is going to spin off or sell the John Hancock unit in the US.  Seasonality is from mid-September until the end of the year.  It has gone sideways ever since.  It has recently been testing its all time high.  It is outperforming the market and trading above the 20 & 50 day moving overages.  This will probably go down with the market.  It is a good time to take money off the table if you are a trader.


Price: $25.100
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: UNKNOWN
Owned: Unknown
2017-07-17 COMMENT Magna Int'l. (A)
MG-T
Don Vialoux

Seasonality is strong from Feb. to May.  We had a little bit this year.  Technically it has been trading in a range over the last 3 months.  There is no indication in which direction it is going.  Auto stocks in general have been doing well, but are now showing signs of rolling over so he would be careful here.


Price: $60.480
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: UNKNOWN
Owned: Unknown
2017-07-17 TOP PICK Martinrea
MRE-T
Brendan Caldwell

The valuation is better than others.  He was out for a number of years while the auto industry went through some changes.  They are a leader in lightweighting cars, in making cars more fuel efficient. (Analysts’ target: $14.00).


Price: $10.660
Subject: CANADIAN VALUE
Bias: SELECTIVE
Owned: Yes
2017-07-17 PAST TOP PICK Morgan Stanley
MS-N
Richard Croft

(A Top Pick Dec 9/16. Up 12.4%.) Synthetic Long Position. Buy January 45 calls at $4.90 and Sell January 45 puts at $6.75.  At the time, this stock was $43.73 and today it is $45.17, so the stock is up 3%, but the synthetic, assuming $16 a share went into margin, he needed $15.50. A much better way to play this.


Price: $45.330
Subject: OPTION STRATEGIES & E.T.F.S
Bias: UNKNOWN
Owned: No
2017-07-17 HOLD New Flyer Industries Inc.
NFI-T
Brendan Caldwell

A great Canadian momentum story.  It has benefited from what is going on in the US, where they finally passed their infrastructure bill. 


Price: $52.660
Subject: CANADIAN VALUE
Bias: SELECTIVE
Owned: Yes
2017-07-17 TOP PICK PowerSh S&P500 BuyWrite ETF
PBP-N
Richard Croft

A pure and simple Covered Call on the S&P 500 Index. You are getting dividends plus option premiums. It will be less volatile than the S&P 500. You are going to be subjected to withholding tax on the dividends. This is one you could hold for a long time.


Price: $22.420
Subject: OPTION STRATEGIES & E.T.F.S
Bias: UNKNOWN
Owned: No
2017-07-17 DON'T BUY Patient Home Monitoring
PHM-X
Don Vialoux

It was in an upward trend and then broke it and is in a downward trend.  It is underperforming the TSX and broke below the 20 & 50 day moving average. 


Price: $0.380
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: UNKNOWN
Owned: Unknown
2017-07-17 COMMENT Pembina Pipeline Corp
PPL-T
Brendan Caldwell

PPL-T vs. ENB-T.  In the energy space these have been stronger performers overproducers. With interest rates moving higher it will be a mixed blessing for pipelines.  Their dividend does not look as attractive, but as interest rates go up so are their allowed rate of return through the regulator.  Look for which one has the most consistent track record of dividend increases and the best record of dividend coverage.  If it is the same stock for each factor, go with it and if not go with the latter factor.


Price: $42.850
Subject: CANADIAN VALUE
Bias: SELECTIVE
Owned: Unknown
2017-07-17 WATCH PRO Real Estate Investment Trust
PRV.UN-X
Don Vialoux

REITs in general are strong in the summer, different from most sectors.  Last summer it had a pretty good run.  Right now it is in a trading range.  If it breaks above it you will run into an upward trend.  It will continue until September.


Price: $2.220
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: UNKNOWN
Owned: Unknown
2017-07-17 SELL Power Share QQQQ ETF
QQQ-Q
Don Vialoux

AMZN-Q vs. QQQ-Q.  You can buy very few AMZN-Q shares if you want. There are huge earnings coming in from the technology sector and they report next week. The QQQ-Q’s seasonality reaches its peak on July 17th (today). These stocks are overbought right now. The stocks are starting to struggle.  We have already seen the peak in QQQ-Q.


Price: $142.190
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: UNKNOWN
Owned: Unknown
2017-07-17 PAST TOP PICK Royal Bank
RY-T
Richard Croft

(A Top Pick Dec 9/16. Up 40%.) Bought a Long-term call at $4.50. The option is still valid and doesn’t expire until next January.


Price: $95.160
Subject: OPTION STRATEGIES & E.T.F.S
Bias: UNKNOWN
Owned: Yes
2017-07-17 TOP PICK Sunopta Inc.
SOY-T
Brendan Caldwell

A leading supplier of health foods to companies like MacDonald’s.  They source non-GMO and organic foods from 60 countries.  The market for this is very, very big.  They supply some of the world’s leading brands.  He keeps owning it as long as it is the best available opportunity in the space.


Price: $12.370
Subject: CANADIAN VALUE
Bias: SELECTIVE
Owned: Yes
2017-07-17 COMMENT Toronto Dominion
TD-T
Brendan Caldwell

The rate increase will have less of an impact on them than the others.  CM-T or NA-T would be two of the top to benefit from the recent rate increase. 


Price: $64.860
Subject: CANADIAN VALUE
Bias: SELECTIVE
Owned: Unknown
2017-07-17 WAIT Toronto Dominion
TD-T
Don Vialoux

This stock has finally is showing early signs of recovering after being in a downward trend.  It is in a trading range and late last week reached above it.  It is starting to look interesting, but on a seasonal basis it is strong October to December of each year.  It is a bit too early to play the seasonal trade right now.


Price: $64.860
Subject: TECHNICAL ANALYSIS & SEASONAL INVESTING
Bias: UNKNOWN
Owned: Unknown
2017-07-17 DON'T BUY Thomson Reuters Corp
TRI-T
Brendan Caldwell

He followed it for 20 years. The company got it right. They saw themselves as not a newspaper company, but as an information company.  It has been in a trading range for 15 months, then had a move up.  It has a ways to go.  It will probably end up breaking out to the upside, but he is unlikely to buy it.


Price: $58.250
Subject: CANADIAN VALUE
Bias: SELECTIVE
Owned: No
2017-07-17 COMMENT First Asset Tech Giants CC ETF
TXF-T
Richard Croft

Invests in an equal weighted basket of big-name tech companies. The “covered call” side is not the major component, because they only write against 25% of the fund and the assets of the fund at any point in time. If you like big-name technology, this is fine. This is where he thinks a lot of the earnings are going to come from.


Price: $15.230
Subject: OPTION STRATEGIES & E.T.F.S
Bias: UNKNOWN
Owned: Unknown
2017-07-17 COMMENT iPATH S&P 500 VIX Short-Term
VXX-N
Richard Croft

Strike price and Call price when buying the VIX? An ETF that tracks the VIX and is actually an exchange traded note. It tracks short-term volatility on the S&P 500 index. The NASDAQ also has one (VXN-N) which tracks the NASDAQ 100 index. The chart shows a long downward path. You have to look at this as an instrument that you use to hedge a portfolio to offset a volatility spike where the market has fallen. Those Exchange Traded notes have options, so you are really getting an option on an option. Because Exchange Traded notes are 6X more volatile than the underlying S&P 500 Index, the premiums are 6 to 10 times what you would expect to get. Spikes are hard to pick, and that is the challenge with this.


Price: $11.700
Subject: OPTION STRATEGIES & E.T.F.S
Bias: UNKNOWN
Owned: Unknown
2017-07-17 TOP PICK Wal-Mart Stores Inc.
WMT-N
Richard Croft

*Covered Call*. The company suffered and took a hit after Amazon (AMZN-Q) announced their purchase of Whole Foods. He thinks it got hit too hard. When you have a stock that drops like that, you tend to get the option premiums bumped up a little because there is a perception of greater risk. You have to like Walmart if you are going to do this, and you have to believe that they can compete very effectively against Amazon. He thinks Amazon is challenged with the “last mile” of delivery, which is the most expensive mile.


Price: $76.370
Subject: OPTION STRATEGIES & E.T.F.S
Bias: UNKNOWN
Owned: Yes
2017-07-17 PAST TOP PICK ZCL Composites Inc.
ZCL-T
Brendan Caldwell

(Top Pick Apr 8/16, total return up 95.93%) Most people thought of it as being purely in the energy space because of plastic fuel tanks.  It is plastics and packaging.  He has other packaging companies now.  There are so few great Canadian stocks to own that this one got away with itself.  He feels it went too far too fast.


Price: $13.480
Subject: CANADIAN VALUE
Bias: SELECTIVE
Owned: No
2017-07-17 BUY Sleep Country Canada Holdings
ZZZ-T
Brendan Caldwell

In a good competitive landscape it is focused on the mattress landscape.  Its biggest competitors like Sears, are not having a good time of it.  Good advertising and refurbishment of their stores is really helping them.  It is one he has owned for several months and will likely to continue to own.


Price: $40.010
Subject: CANADIAN VALUE
Bias: SELECTIVE
Owned: Yes
2017-07-14 N/A A Comment -- General Comments From an Expert
A Commentary
Robert McWhirter

Energy. From a technical analysis perspective, oil hit a bottom in June at $42. Despite that oil can be found for less than $40 in a lot of US oil sands locations, this is more of a general economic reflection. The stock indices of emerging market countries, have broken a six-year downtrend, a reflection of an improved economic activity. With that comes a rising demand for commodities, including energy, and he thinks oil has bottomed at $42. This is in a band of roughly $42-$56. Whether it goes to the top end of that band or not, it is a significant percentage change and would be very beneficial to a lot of energy companies on the TSX. If we get an increase in overall world demand, that should help with the overall tone and hopefully with the price of oil.


Price: $0.020
Subject: CANADIAN DIVIDEND & GROWTH
Bias: BULLISH on ENERGY
Owned: _N/A
2017-07-14 N/A A Comment -- General Comments From an Expert
A Commentary
Michael Smedley

Markets. The US is expected to raise interest rates in September, and Canada follows in October. The banks should do better because the spread widens for them. The curious thing is that almost every stock going up in the past few days are reset rates preferreds, which are doomed. People are expecting rates to go higher and higher, but they won’t go that much higher. Mines and metals are beginning to glimmer a bit without anyone saying very much. Hard assets are going to go up a bit with inflation and interest rates.


Price: $0.020
Subject: CANADIAN
Bias: UNKNOWN
Owned: _N/A
2017-07-14 N/A A Comment -- General Comments From an Expert
A Commentary
Michael Smedley

Electric cars in cold weather? He wouldn’t worry about that. They’ve mastered the cold. He hasn’t heard that they don’t work in cold climates. Also, we could probably need so much energy to pump into the batteries that we will definitely be back to the coal mines. The difference between electric and internal combustion, is that in the latter the car itself makes the power. Whereas with the electric the energy from another source has to be created. There might be a crisis, but he doesn’t think it will be the cold weather.


Price: $0.020
Subject: CANADIAN
Bias: UNKNOWN
Owned: _N/A
2017-07-14 COMMENT Alaris Royalty
AD-T
Robert McWhirter

An approximate 7% dividend yield, indicating there might be some risk. The most recent 4 quarters of cash flow was 76%. Historically that is high, but is also typically maintainable. Earnings is expected to be $1.50 this year, growing to $1.64. His ranking out of 720 stocks is 124, which is an acceptable risk.


Price: $22.240
Subject: CANADIAN DIVIDEND & GROWTH
Bias: BULLISH on ENERGY
Owned: Unknown
2017-07-14 COMMENT Aphria Inc
APH-T
Robert McWhirter

He owns no marijuana stocks. This company recently put out their earnings, and as far as he knows, it is the only cash flow positive marijuana production company in Canada. Their cost of production is about $1.11 a gram, and low cost these days is $2 or less. They are also taking some of their product and producing oil, which is important. If you end up with mold and run it through a distillation process, you can quite happily extract the THC and CBD, giving you a product that gives you no concerns. Also, the oil has a 5-year shelf life, so it can be used in future applications such as edibles, vape pens, etc. What happens to the industry in the summer of 2018 and will the consumer be there?


Price: $5.740
Subject: CANADIAN DIVIDEND & GROWTH
Bias: BULLISH on ENERGY
Owned: No
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