Table View - Opinions in Detail | StockChase
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Compiling comments that experts make about stocks while on public TV.

Table View - Opinions in Detail

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Implied Signal Stock Symbol Company Comment Source Program Airdate Airdate Price Opinions $ Goal Expert Program Topic Expert's Bias Own or Relationship Actions
  
N/A A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2017-10-20 $0.020

Black Swan? By definition, an upcoming recession is probably not a Black Swan. Usually there is so much debt that you get out on a limb. Other than real estate, we don’t seem to have any thing else that feels like a bubble. We have an expensive market, but we don’t have an inverted yield curve or anything coming, except the pace of higher rates. If there is some danger of the Fed tightening too quickly and tip us over into a recession, that would be 2 years from now, so the earliest risk would be 2019.

Bruce Campbell (1) CANADIAN LARGE UNKNOWN _N/A View
N/A A Commentary A Comment -- General Comments From an Expert Market Call Tonight (BNN TV) 2017-10-20 $0.020

Market.We are now starting to get economic data that suggests the consumer is not quite as robust as they once were. Today the August retail sales report came out, which is consumer spending. It fell .3% after a .4% gain in July, and excludes cars and auto parts, which are more volatile, so we are looking at core consumer spending, which actually fell .7%. In July it was up .2%. The economy is taking a sharp turn for the worst. The economy has been carried by the consumer and the housing market for a long time. You would want to have a moderate housing correction, and hopefully energy exports can pick up. Maybe crude oil prices are stabilizing which would help. Our exports have been falling for 3 months in a row, and in those 3 months, we lost 10% of our exports. That is due to a very strong Cdn$ due to the 2 rapid rate hikes. Taking back the emergency rate cuts is totally justifiable, but doing that in a hurry will have a larger than expected impact. Element of surprise has always been the strongest tool in the Central Banks toolbox. He can’t see any reason for them to raise rates further.

William Chin TECHNICAL ANALYSIS & MACRO STRATEGY UNKNOWN _N/A View
PARTIAL SELL AC-T Air Canada Market Call Tonight (BNN TV) 2017-10-20 $26.200

Has done very well, but is overbought on the chart. If you own, sell half or a 3rd, which will improve your average cost and you will be much better protected.

William Chin TECHNICAL ANALYSIS & MACRO STRATEGY UNKNOWN No View
PAST TOP PICK AGT-T AGT Food & Ingredients Market Call Tonight (BNN TV) 2017-10-20 $20.720

(A Top Pick Sept 16/16. Down 41%.) Had supply disruptions, and were having a tough time stocking up shelves to meet demand. Management kept saying things would improve, but he didn’t see it so he sold. Looks like there is more room to go on the downside. Dividend yield of 2.9%.

William Chin TECHNICAL ANALYSIS & MACRO STRATEGY UNKNOWN No View
PAST TOP PICK AQN-T Algonquin Power & Utilities Corp Market Call (BNN TV) 2017-10-20 $14.000

(A Top Pick Oct 28/16. Up 24%.) In a general sense, this is like some of these growth utilities; making acquisitions in the US, and using their paper. That is what you want. If you are going to buy something for yield, you can’t just have stagnating earnings growth, you need them to have the ability to raise the dividend so that they can lean into higher rates, and the stock will continue to grow. He is hopeful that there will be another accretive acquisition coming soon.

Bruce Campbell (1) CANADIAN LARGE UNKNOWN Yes View
COMMENT ARE-T Aecon Group Inc Market Call Tonight (BNN TV) 2017-10-20 $16.340

Chart shows a series of higher lows, but no higher highs. Like all construction stocks, this is very volatile. 2 words of advice. 1.) Don’t put too much of your portfolio into a stock like this. 2.) If there is good news and the stock picks up, remember to take your profits. Dividend yield of 3%.

William Chin TECHNICAL ANALYSIS & MACRO STRATEGY UNKNOWN Unknown View
COMMENT BB-T BlackBerry Market Call (BNN TV) 2017-10-20 $14.020

Sell or Hold? They’ve changed from hardware to software. The asset values he sees from the street are $16-$17, and the consensus might be $15, so you are getting pretty close. If he owned it with $10 costs, he would be tempted to take half off the table. It is getting close to full value. John Chen does a good job.

Bruce Campbell (1) CANADIAN LARGE UNKNOWN No View
TOP PICK BBT-N BB&T Corp. Market Call (BNN TV) 2017-10-20 $47.500

This is most like a TD Bank (TD-T) in that it is an east coast regional from Florida up through New England. Very cheap relative to its US peers. It would look a little expensive on Canadian standards, trading at 13X earnings instead of 11X earnings, and a 2.8% yield instead of 4%, but would be a bigger beneficiary on higher rates. Very retail. If we get the Fed going again in December, and 1 or 2 times next year, they’ll have decent earnings growth, and there are still lots of targets of smaller regional banks for them to buy. (Analysts’ price target is $49.)

Bruce Campbell (1) CANADIAN LARGE UNKNOWN Yes View
COMMENT BMO-T Bank of Montreal Market Call Tonight (BNN TV) 2017-10-20 $98.760

Chart shows a Bull/Flat formation. The top of the flat is represented by disbelievers, people who don’t want the stock and are taking advantage of rallies and selling their position. The key on this is that it has broken out. The buyers are actually winning. That means it will likely go higher. There is a decent chance that this can reach the recent high and go a little higher. There is a nice little bull/flag formation.

William Chin TECHNICAL ANALYSIS & MACRO STRATEGY UNKNOWN Unknown View
COMMENT BNE-T Bonterra Energy Corp Market Call (BNN TV) 2017-10-20 $13.950

This hasn’t acted well. It’s like a lot of energy stocks, but this is still down 50% for the year. Got caught with a little “worse than average” balance sheet, which has been a kiss of death in the stock market. With the combination of a really good balance sheet, very low costs and drilling prospects, you are still down, but not very much. It will take a while. It’s one of those companies that needs $60 oil to be better. If you think that is not going to happen, then he would switch to something else where you would be better protected.

Bruce Campbell (1) CANADIAN LARGE UNKNOWN Unknown View
COMMENT CAE-T CAE Inc Market Call Tonight (BNN TV) 2017-10-20 $21.970

Chart shows a nice series of higher highs and higher lows from the beginning of 2016. They also have some new contracts coming. Defence companies can continue to do quite well moving forward. Keep an eye on it and make sure it continues having a higher highs and higher lows. 1.7% dividend yield.

William Chin TECHNICAL ANALYSIS & MACRO STRATEGY UNKNOWN Unknown View
SELL CCL.B-T CCL Industries (B) Market Call Tonight (BNN TV) 2017-10-20 $63.580

Specializes in labels and have been acquiring mom-and-pop operators. A very successful business model of acquisitions. Because it was getting a little pricey, he recently sold his holdings. If you own, take your profit and run.

William Chin TECHNICAL ANALYSIS & MACRO STRATEGY UNKNOWN No View
BUY CELG-Q Celgene Corp Market Call Tonight (BNN TV) 2017-10-20 $121.330

This is revisiting old highs, which is a very bullish sign. In this case, it actually broke above its old highs. The current correction seems very healthy as long as it continues making higher lows. Add to your position, but keep a Stop at around $110.

William Chin TECHNICAL ANALYSIS & MACRO STRATEGY UNKNOWN Unknown View
COMMENT CHR-T Chorus Aviation Inc Market Call Tonight (BNN TV) 2017-10-20 $8.770

Just added to his position. He loves it and thinks it is going higher. The fundamental analyst from his shop indicates there is still a lot of value to be unlocked. Only trading at 9X forward earnings.

William Chin TECHNICAL ANALYSIS & MACRO STRATEGY UNKNOWN Yes View
WATCH CJR.B-T Corus Entertainment (B) Market Call (BNN TV) 2017-10-20 $12.280

Pays a 9% dividend yield. There is probably no short-term danger of it being cut. It has been at a relatively high yield for quite a while. It is a tough environment for them with a tough set of assets. You can hold it for the dividend, but he would be a little nervous doing that indefinitely. If you do, watch it every quarter to make sure there is no further deterioration.

Bruce Campbell (1) CANADIAN LARGE UNKNOWN Unknown View
COMMENT CJT-T Cargojet Inc Market Call Tonight (BNN TV) 2017-10-20 $51.700

He recently just added to his holdings. It has a very good business model. Chart shows a bull/flag formation with nonbelievers selling, but the stock continuing to go higher. It looks very good. The company has a lot of runway left.

William Chin TECHNICAL ANALYSIS & MACRO STRATEGY UNKNOWN Yes View
COMMENT CM-T Canadian Imperial Bank of Commerce Market Call Tonight (BNN TV) 2017-10-20 $112.580

This has done reasonably well. As we know, banks are a protected species in Canada. Chart is showing a series of higher lows and higher highs, and feels this could go a little higher. The chart looks pretty good.

William Chin TECHNICAL ANALYSIS & MACRO STRATEGY UNKNOWN Unknown View
PAST TOP PICK CNR-T Canadian National R.R. Market Call (BNN TV) 2017-10-20 $102.980

(A Top Pick Oct 28/16. Up 25%.) Doesn’t think the 25% will get repeated. Well-managed and a good way to get industrial and general economic exposure. Also, if you own pipelines, rails are a good hedge.

Bruce Campbell (1) CANADIAN LARGE UNKNOWN Yes View
HOLD CPX-T Capital Power Market Call (BNN TV) 2017-10-20 $25.410

Northland Power (NPI-T) or Capital Power (CPX-T)? This one has a little more non-sustainable stuff in it. As the outlook for that has improved, it has done better lately. He would classify both as in the Hold category, and a little bit lower on the pecking order. (Owns some of the preferreds.)

Bruce Campbell (1) CANADIAN LARGE UNKNOWN Yes View
COMMENT CSH.UN-T Chartwell Seniors Housing Market Call Tonight (BNN TV) 2017-10-20 $15.210

One of those defensive stocks, and of course the secular trend works; aging demographics, baby growers retiring. Chart shows the stock is in an up channel. Take your profits at the top of the channel and maybe buy when it is at the bottom of the channel. You are in a very good space on this one.

William Chin TECHNICAL ANALYSIS & MACRO STRATEGY UNKNOWN Unknown View
COMMENT DHX.B-T DHX Media Market Call (BNN TV) 2017-10-20 $4.520

Has put itself up for sale. With Canadian content there are only a few selective buyers. That really restricts it. On the other hand, they would have to break it up which becomes complicated. He’s wondering if 1 or 2 Canadian buyers have kicked the tires, maybe there is a story out there that nothing is going to happen. He doesn’t hear anything, and maybe the silence is deafening.

Bruce Campbell (1) CANADIAN LARGE UNKNOWN No View
TOP PICK DIS-N Walt Disney Market Call (BNN TV) 2017-10-20 $99.400

Peaked at $116 in March or April. The worries had been on ESPN, cord cutting, etc. That has mostly happened, and they are acting to take measures to stop the bleeding and do different vehicles of distributing. ESPN was 110 million subscribers a year ago, and now it is like 89 million. “Live sports” is one of the last bastions of things that will stay. There is another Star Wars movie coming, and usually the stock does well. Also they get the attendant merchandise sales and all that. All it really has to do is go back to where it was, and you would have a 16% return. The entry point is attractive. Dividend yield of 1.6%. (Analysts’ price target is $113.50.)

Bruce Campbell (1) CANADIAN LARGE UNKNOWN Yes View
COMMENT DXJ-N Wisdom Tree Japan Hedged Equity Market Call Tonight (BNN TV) 2017-10-20 $56.740

A hedge is always good. It means you are not taking currency risks. However, this is traded in US$. As a Canadian investor you still have US$ exposure. The hedge is between the US$ and the Japanese yen, not against the Cdn$. Chart shows it has had a pretty good run up, but there is resistance at around $60. The Japanese economy is not exactly firing on all cylinders. Japan is still suffering from deflation and very sluggish growth because of Asian demographics among other things. If you have some profits on this, make sure you take some.

William Chin TECHNICAL ANALYSIS & MACRO STRATEGY UNKNOWN Unknown View
COMMENT ECA-T Encana Corp Market Call (BNN TV) 2017-10-20 $14.340

The market tries to like it, and then gets overwhelmed by commodity prices. Although we are enjoying nice weather, that is not good for natural gas prices, so it’s pulled back again in the short term, and the group has pulled back pretty substantially in the past couple of weeks, so the 2-week outlook doesn’t look so great, even though the storage situation is not too bad. Being big and liquid, this company is viewed as one of the 2 “go to” gas names for Americans. He would prefer something with a bit better growth if you are going to go to gas, such as Paramount (POU-T).

Bruce Campbell (1) CANADIAN LARGE UNKNOWN No View
BUY ENB-T Enbridge Market Call (BNN TV) 2017-10-20 $49.620

He likes this. Feels it is still working through Spectra which they acquired in the US. A lot of stock was exchanged. Expects there has been pressure of US Spectra holders getting Enbridge stock and trying to get out of it, so it’s been trending sideways for a few months. Management said they have a 5-7 year plan of increasing earnings 8%-10%, but increasing dividends 8%-10% per year. If they are able to, this looks like one of the best yield/growth combinations out there, with safety. This is a great entry point.

Bruce Campbell (1) CANADIAN LARGE UNKNOWN Yes View
SELL ON STRENGTH ENF-T Enbridge Income Fund Holdings Market Call Tonight (BNN TV) 2017-10-20 $30.200

Hold or Sell?He doesn’t follow this closely, but the chart shows that $25 is a very important support. It also shows a bit of a rounded top. Use any small rally to sell your position. 6.6% dividend yield.

William Chin TECHNICAL ANALYSIS & MACRO STRATEGY UNKNOWN Unknown View
COMMENT FFH-T Fairfax Financial Market Call (BNN TV) 2017-10-20 $653.510

Sell or Hold? This is very difficult to analyse. It’s like a black box and he doesn’t know what the earnings are going to be. There is the insurance side, but he doesn’t know exactly what the investments are all the time. For the first 7-8 years after the crash, because Prem Watsa owned all these Puts, it did really well in the crash, and he was able to grow BV on the insurance side and made gains on the portfolio, but you never knew where they where. Prem finally had a loss on the Puts but was overwhelmed by gains on the other stuff. He owns a lot of their bonds and preferreds. Because of their uncertainty, they always trade at a discount, so the yields are higher.

Bruce Campbell (1) CANADIAN LARGE UNKNOWN Yes View
SELL GE-N General Electric Market Call Tonight (BNN TV) 2017-10-20 $23.830

The stock went down on the open, but then rallied back. His rule is that if values go down and then can rally back, it usually means Shorts are covering. The question going forward then is, did we close at a higher price than yesterday or is the closing price high enough to indicate new buyers coming in. He wanted this to close above $24, but it didn’t, so it looks like the downward trend will continue.

William Chin TECHNICAL ANALYSIS & MACRO STRATEGY UNKNOWN Unknown View
TOP PICK GIB.A-T CGI Group (A) Market Call Tonight (BNN TV) 2017-10-20 $66.860

A big IT consulting firm. Has very good contracts. Management is doing very well. The balance sheet is very strong. The chart shows it is steadily going higher. As technology gets more sophisticated, companies are finding it difficult to keep abreast of the changes, so there is more and more outsourcing taking place. (Analysts’ price target is $74.)

William Chin TECHNICAL ANALYSIS & MACRO STRATEGY UNKNOWN Yes View
COMMENT GIS-N General Mills Market Call Tonight (BNN TV) 2017-10-20 $52.010

This has done reasonably well. As we know, banks are a protected species in Canada. Chart is showing a series of higher lows and higher highs, and feels this could go a little higher. The chart looks pretty good.

William Chin TECHNICAL ANALYSIS & MACRO STRATEGY UNKNOWN Unknown View
PAST TOP PICK IRG-T Imvescor Restaurant Group Market Call Tonight (BNN TV) 2017-10-20 $3.600

(A Top Pick Sept 16/16. Up 20%.) Runs a chain of different restaurants. Hired a new CEO about a year ago, who changed the decor of the restaurants and redid the menu. Has just added more to his holdings. It has a lot of runway.

William Chin TECHNICAL ANALYSIS & MACRO STRATEGY UNKNOWN Yes View
COMMENT KML-T Kinder Morgan Canada Market Call (BNN TV) 2017-10-20 $16.960

Because it looked kind of dicey to get approval, and its very strange timing of the IPO, he didn’t participate. They priced it down, but not low enough. To help with a financing, they came out with a very attractive preferred, which he bought.

Bruce Campbell (1) CANADIAN LARGE UNKNOWN Yes View
PAST TOP PICK MFC-T Manulife Financial Market Call (BNN TV) 2017-10-20 $26.020

(A Top Pick Oct 28/16. Up 39%.) Had a really good pop, but it isn’t going to repeat that. He still it likes it. It has Asia growth and is a beneficiary of higher rates, which is primarily why it has gone up. Earnings are growing. Expects they will raise the dividend a little in Jan or Feb. A new management team came in recently which impressed the street in their initial meeting.

Bruce Campbell (1) CANADIAN LARGE UNKNOWN Yes View
HOLD NPI-T Northland Power Inc Market Call (BNN TV) 2017-10-20 $24.040

Northland Power (NPI-T) or Capital Power (CPX-T)? This one would be viewed as quite a bit purer as there is a lot of wind in there. Moved up a fair bit in 2016 when they put themselves up for sale, and then went sideways when nothing happened. Now you have an expensive stock treading water to catch up with its own fundamentals. He would classify both as in the Hold category, and a little bit lower on the pecking order.

Bruce Campbell (1) CANADIAN LARGE UNKNOWN Unknown View
DON'T BUY PD-T Precision Drilling Market Call (BNN TV) 2017-10-20 $3.090

Doesn’t own any thing in the service side, and is really, really light on energy. He can’t imagine there is much more downside to this, but the rig side in drilling has been tougher. There are no further rigs being added to the drillers, and a lot of them are drilling as much is they were, so prices do have an impact. He would stay away for now.

Bruce Campbell (1) CANADIAN LARGE UNKNOWN No View
HOLD PKI-T Parkland Fuel Corp Market Call (BNN TV) 2017-10-20 $23.650

Doesn’t know why it’s down, but looks like a pretty good entry point. Made an acquisition earlier in the year, buying assets from Alimentation Couche-Tard (ATD.B-T). It might be a misunderstanding of being affected by lower energy prices, which they are not. It is down to an attractive level. He owns the bonds.

Bruce Campbell (1) CANADIAN LARGE UNKNOWN Yes View
COMMENT QSR-T Restaurent Brands International Market Call Tonight (BNN TV) 2017-10-20 $85.070

Chart is looking good. You have your Tim Hortons and Burger Kings. Chart shows it is in a nice Up channel. If you want to add to your holdings, wait for the bottom of the channel. If you want to take some profits or lighten up, wait for the top of the channel.

William Chin TECHNICAL ANALYSIS & MACRO STRATEGY UNKNOWN Unknown View
COMMENT S-T Sherritt International Corp. Market Call (BNN TV) 2017-10-20 $1.460

Used to own many years ago. It’s doing better lately, because of nickel prices. In battery technology, there is some nickel and cobalt. They also have an oil/gas side in Cuba. Prospects are better. To really super prosper and be back to a $3 stock again, you probably need $7 nickel, and we are quite some ways from that. The trend is in the right direction. The bonds got down to $.60 on the dollar, yielding 20%. They are now back to about $.78 and yields are still 12%-13%. It is now positive.

Bruce Campbell (1) CANADIAN LARGE UNKNOWN No View
COMMENT SHOP-T Shopify Inc. Market Call (BNN TV) 2017-10-20 $129.030

Vulnerable to the Shorts, because the valuation is incredibly expensive. They are still not making any money. Believes the Bulls have $.20 in earnings for 2018, back-end loaded. That would mean it is trading at 600X earnings, and something like 30X EBITDA. Still too expensive and vulnerable. You could maybe trade it, but if it ever misses it would be $80 before you could shake a stick at it.

Bruce Campbell (1) CANADIAN LARGE UNKNOWN No View
SELL ON STRENGTH STN-T Stantec Inc Market Call Tonight (BNN TV) 2017-10-20 $36.070

This has done well, but hasn’t done anything for a while. There are willing sellers on top and willing buyers at the bottom. He would use the rally to take profits.

William Chin TECHNICAL ANALYSIS & MACRO STRATEGY UNKNOWN Unknown View
HOLD TCL.A-T Transcontinental Inc. (A) Market Call (BNN TV) 2017-10-20 $26.490

For income and growth? An odd one in the sense that it gives you paper, printing, advertising, flyers and everything else. They’ve done an excellent job at doing some dispositions, and acquiring digitally to diversify. Statistically cheap with a good dividend. It has now come to a level, unless they do something further on the acquisition side, where it is fairly fully valued. It would be a decent hold and relatively safe in a pullback, as it is not highly valued nor a big grower. He wouldn’t be wild about this.

Bruce Campbell (1) CANADIAN LARGE UNKNOWN Unknown View
TOP PICK TCL.A-T Transcontinental Inc. (A) Market Call Tonight (BNN TV) 2017-10-20 $26.490

He likes both the fundamental and technical aspects. Chart shows staircase like blocks, so the company is definitely doing well. This is in printing which seems like a bad space, but this is one that he calls “the last man standing”. It is trading at a big discount to the market. It does printing for the Globe and Mail, Toronto Star, San Francisco Chronicle, and flyers for Sobey’s, Metro, Shoppers Drug Mart, etc. Another interesting part is that about 15%, and growing, is their revenue which comes from packaging. Strong balance sheet and good management. Dividend yield of 3%. (Analysts’ price target is $26.75.)

William Chin TECHNICAL ANALYSIS & MACRO STRATEGY UNKNOWN Yes View
COMMENT TECK.B-T Teck Resources Ltd. (B) Market Call Tonight (BNN TV) 2017-10-20 $28.680

Chart shows a very nice recovery in 2016, but now it is showing lower highs and lower lows. Going forward, he expects we’ll have periods of weakness going back to about $10 levels. You can’t talk commodities without talking about China. China is just going through a big party Congress. Historically, they dress up before the Congress, but after that they might go back to deleveraging. China is very highly leveraged. Doesn’t expect any hard landing, but just slower growth. Expects there may be some weakness at hand, but is looking at support of around $20.

William Chin TECHNICAL ANALYSIS & MACRO STRATEGY UNKNOWN Unknown View
TOP PICK TRP-T TransCanada Corp Market Call (BNN TV) 2017-10-20 $61.870

On the growth/pipelines/utilities/telecom group, you are looking for guys that can grow earnings so that they can grow dividends. This company fits. There was a big US acquisition in 2016, which really helped. Although Energy East is now defunct, you get the dividend yield of 4%, along with the demonstrative plan of growth including the dividend over the next 5-7 years. A great place to hide, particularly in this environment where everything looks and feels a bit expensive. (Analysts’ price target is $72.)

Bruce Campbell (1) CANADIAN LARGE UNKNOWN Yes View
SELL ON STRENGTH UNS-T Uni-Select Inc Market Call Tonight (BNN TV) 2017-10-20 $28.790

Chart shows it had a nice run up from 2015 to the end of 2016, but is now leveling off. The chart right now is neutral and is in a bit of a trading range here. There is also some volatility. If it rallies, he would take some off the table. Dividend yield of 1.3%.

William Chin TECHNICAL ANALYSIS & MACRO STRATEGY UNKNOWN Unknown View
BUY on WEAKNESS WCN-T Waste Connections Market Call (BNN TV) 2017-10-20 $89.110

Has been a pretty hot stock lately. Expensively priced. Growth by acquisition, and a yield, but not a really high one. You take that combination, but unless you can really buy it well, or you already hold it, he would look for a cheaper entry point. He would look in the low $80s before he would be an interested buyer.

Bruce Campbell (1) CANADIAN LARGE UNKNOWN No View
PAST TOP PICK ZZZ-T Sleep Country Canada Holdings Market Call Tonight (BNN TV) 2017-10-20 $38.740

(A Top Pick Sept 16/16. Up 27%.) Just added to his holdings recently. They had very good execution. Salespeople are very helpful and knowledgeable, unlike the Bay or other big department stores. They’ve also branched out into accessories such as pillowcases, duvets and headboards. Improving about 15 to 20 stores a year. Strong balance sheet and good execution.

William Chin TECHNICAL ANALYSIS & MACRO STRATEGY UNKNOWN Yes View
TOP PICK ZZZ-T Sleep Country Canada Holdings Market Call Tonight (BNN TV) 2017-10-20 $38.740

This is executing very well. Very strong balance sheet and a good cash position. Management is keeping an eye on the ball, renovating the stores. Staff are well-trained. (Analysts’ price target is $44.)

William Chin TECHNICAL ANALYSIS & MACRO STRATEGY UNKNOWN Yes View
N/A A Commentary A Comment -- General Comments From an Expert Market Call (BNN TV) 2017-10-19 $0.020

Market.  The average investor has a 30 year time frame.  We have not had a correction in a very long time but if you are worried about it and you have a long timeframe, you don’t have to worry about it.

Peter Hodson CANADIAN SMALL & MIDCAPS OPTIMISTIC _N/A View
N/A A Commentary A Comment -- General Comments From an Expert Market Call Tonight (BNN TV) 2017-10-19 $0.020

Central Banks.They are forward-looking, so monetary policy to some extent is forward-looking, considering that a lot of Central Banks in the US have hiked rates 3 times since Trump won the presidency. In Canada, the Bank of Canada has hiked rates twice, so we are forward-looking, because inflation isn’t quite at the target a lot of these Central Banks are targeting, which is 2% or below. They think the slack is eventually going to get absorbed and eventually move back up to 2%. Having fixed income in a portfolio is important, because it will act as a ballast and give you an opportunity to redeploy capital when an opportunity presents itself. As long as we have decent credit growth and decent economic growth, it bodes well for owning equities, corporate profits and earnings.

Andy Nasr REITS, GLOBAL & MACRO STRATEGY UNKNOWN _N/A View
COMMENT A Commentary A Comment -- General Comments From an Expert Market Call Tonight (BNN TV) 2017-10-19 $0.020

American Mortgage REITs?Typically very highly leveraged, which is one of the reasons he doesn’t own them. The perverse part about what is happening to rates is that the short end has gone up and the long end actually hasn’t. Where you want to start to get worried is when rates move up too quickly, which puts more of a dent in home ownership in the US.

Andy Nasr REITS, GLOBAL & MACRO STRATEGY UNKNOWN No View
TOP PICK ABT-T Absolute Software Corp. Market Call (BNN TV) 2017-10-19 $8.450

With the Equifax breach, everyone is back on the band wagon.  They have a good solution for security.  They have a lot of cash and no debt.  Active investors have started to pick away.  They own a third and management owns a third.  It will get harder and harder to buy the stock.  He thinks it will eventually get taken over.  (Analysts’ target: $8.50).

Peter Hodson CANADIAN SMALL & MIDCAPS OPTIMISTIC No View
DON'T BUY AGT-T AGT Food & Ingredients Market Call (BNN TV) 2017-10-19 $20.870

It has been getting hit hard.  They were going to cut back on international sales.  It has been on a big downhill slide ever since. 

Peter Hodson CANADIAN SMALL & MIDCAPS OPTIMISTIC Unknown View
TOP PICK ALA-T Altagas Ltd Market Call Tonight (BNN TV) 2017-10-19 $29.540

This provides energy infrastructure. They own power generation assets. In the process of completing a US large acquisition, this is supposed to close in the 1st half of 2018. That really changes the dynamic of the business. To fund this acquisition, they have to sell some assets, which include some California power generation assets which they bought, which were underpinned by power purchase agreements, where the power price they are getting is about half of what the current merchant price is, so those have to get refinanced and re-contracted. Dividend yield of 7.4%. (Analysts’ price target is $33.)

Andy Nasr REITS, GLOBAL & MACRO STRATEGY UNKNOWN Yes View
TOP PICK ALB-N Albemarle Corp Market Call Tonight (BNN TV) 2017-10-19 $139.490

The largest producer of lithium. When we talk about electrification, electric vehicles, more tablets, smart phones, etc. lithium batteries are going to be in relatively high demand. Demand growth is forecast to be 10% a year for the next decade, and that is even using some relatively conservative assumptions about electric vehicle penetration. Given that this is the largest producer and a very low-cost producer, they should be able to bank very significant cash flow over the course of the next 5-10 years, but governments can very significantly influence adoption. Dividend yield of 0.9%. (Analysts’ price target is $137.)

Andy Nasr REITS, GLOBAL & MACRO STRATEGY UNKNOWN Yes View
COMMENT AMZN-Q Amazon.com Market Call Tonight (BNN TV) 2017-10-19 $986.610

Hold or Sell?If you are holding it, you are buying it. There is no question there is a tremendous amount of growth ahead. It’s very hard to justify valuation. While he has confidence that e-commerce penetration is going to increase very gradually from 9%-10% in the US, when you look at their valuation it is difficult to justify how much earnings are going to have to grow for the valuation to come down to a market multiple. Trades at about 110X next year’s earnings. If you take that market multiple and bring it down to a multiple of about 20, that implies earnings are going to have to grow at a compound annual growth rate of 48% over 10 years. Very few companies have been able to do that.

Andy Nasr REITS, GLOBAL & MACRO STRATEGY UNKNOWN No View
PAST TOP PICK BEI.UN-T Boardwalk REIT Market Call Tonight (BNN TV) 2017-10-19 $40.150

(A Top Pick Sept 20/16. Down 15%.) Continues to like this because it is a relatively defensive asset class, lower income Housing. Western Canada has been particularly challenged given the downturn in energy. The market has been a little overreacting to the downturn. The benefit is that it has a relatively short lease term. Trades at a significant discount to NAV. Continue to Hold if you own. Dividend yield of 5.6%.

Andy Nasr REITS, GLOBAL & MACRO STRATEGY UNKNOWN Yes View
COMMENT CAR.UN-T Canadian Apartment Properties Market Call Tonight (BNN TV) 2017-10-19 $34.680

Owns apartments in Canada, with significant exposure to Eastern Canada and a modest exposure to continental Europe. He owns this and continues to like it. It is very well-capitalized and well-run. Spent over $1 billion in investing in their own properties, enabling them to affect above guideline increases in Ontario. They will be able to benefit from the Ontario changes in rent regulations. 3.7% dividend yield.

Andy Nasr REITS, GLOBAL & MACRO STRATEGY UNKNOWN Yes View
PAST TOP PICK CI-N Cigna Corp. Market Call Tonight (BNN TV) 2017-10-19 $188.220

(A Top Pick Sept 20/16. Up 43%.) He continues to like the US healthcare sector. In the US, if over 65 years of age, you spend 3X as much on healthcare as under the age of 65. This company doesn’t have much exposure to the Affordable Care Act and is well positioned to benefit from those trends.

Andy Nasr REITS, GLOBAL & MACRO STRATEGY UNKNOWN Yes View
TOP PICK CLS-T Celestica Inc Market Call (BNN TV) 2017-10-19 $15.150

$300 million in cash and less than 9 times earnings.  They just can’t get any love.  It had a bit better execution in terms of earnings and they could get recognized.  They buy back stocks.  Leverage on their operations is quite high and it has not performed yet.  (Analysts’ target: $14.87).

Peter Hodson CANADIAN SMALL & MIDCAPS OPTIMISTIC No View
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