Acasti Pharma, BlackBerry and More Earnings Reports this Week (Jun 24-28) - Before investors break next week on both sides of the border, they’ll see a round of fresh earnings headed ...
Stella-Jones Inc., Apple and 27 Stock Top Picks (Jun 14-20) - This week there were 27 Top Picks in a wide range of industries: Basic Materials, Energy, Technology, Finan...
BCE Inc., Open Text and More at 52-week Highs and Lows (Jun 12-18) - The stock market has been experiencing volatility due to a variety of macro factors. The treasury yield fel...
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Stocks In The News
Daily Market Highlights
 | 24/Jun | Walmart Inc
fighting with Jetblue over trademark
| ||
 | 24/Jun | Walt Disney
extends sequel streak with Toy Story 4
| ||
 | 21/Jun | Thomson Reuters Corp
to acquire audit services firm Confirmation
| ||
 | 21/Jun | Canopy Growth Corp.
revenues above expectations + big loss
| ||
 | 21/Jun | Slack
: analysts very positive but not a buy just yet
|
Latest Stock Opinions and Top Picks from Market Call Guests
NORTH AMERICAN - LARGE & ETFs
High yield bonds are an equity part of your portfolio even though they pay a dividend. It is a basket of the worst quality balance sheets in corporate North America. It is very high risk from a price perspective. The realized default rate even in the great recession was about 10% or so. So when the bonds do go bad, it is about 10% of the companies that are affected. So long as you think about it as an equity-like risk, then he has no issue with it. He has no issue with holding it indefinitely. This one is hedged to the Canadian dollar.read more
Top Picks
Before investors break next week on both sides of the border, they’ll see a round of fresh earnings headed ...
read more
NORTH AMERICAN - LARGE/MID CAPS
They pulled back recently. They announced an acquisition in the UK which will allow them to have growth opportunities outside North America. There may be slower growth going forward in the US as most of the bus acquisitions by municipalities were based on 'The Fast Act' in the US which helped them fund buses after the 2008 recession.read more
RY-T vs. BAC-N. They are both leaders in their respective countries. In a non-registered account, use RY-T. Also he would go with them because in the case of recession, they can lower their expenses. Their plan is to invest in IT when times are good and pull back investments when they are not. Going forward it will be who can tighten their belts the most, will do the best.read more
RY-T vs. BAC-N. They are both leaders in their respective countries. In a non-registered account, use RY-T. Also he would go with them because in the case of recession, they can lower their expenses. Their plan is to invest in IT when times are good and pull back investments when they are not. Going forward it will be who can tighten their belts the most, will do the best.read more
Top Picks
This week there were 27 Top Picks in a wide range of industries: Basic Materials, Energy, Technology, Finan...
read more
Premium
TOP PICKS
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BIG WIN
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HORIZON
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NORTH AMERICAN - LARGE
As the cycle ends. The market pays for growth and Magna had a weak Q1 and lowered guidance. M&A hasn't worked out as planned. No doubt that car sales have slowed. They're in a very cyclical business and we could be at the end of the cycle. Managers are good capital allocators and will fix their China problem. Emerging markets continue to grow and will feed demand for cars, even near the end of the peak.read more
It's like Berkshire-Hathaway in its structure. Bottom line is they made a mistake with a purchase last year which hurt earnings, but they've since fixed that. Last year there were many catastrophes (i.e. US floods) due to extreme weather. But managers continue to make smart acquisitions, and they have a strong track records.read more
Value investors buy stocks that trade at a discount to their true value. Amazon disrupts every business they enter, like cosmetics that they announced today, and will dominate more of online retail overall. People love their instant shipping of goods. The risk are government anti-trust laws. So, the value is here.read more
(A Top Pick Sep 20/18, Down 41%) he bought it during the hype over the name game, Call of Duty, which pushed the stock way too much. Despite high revenues last year, their guidance was very poor--no new games for 2019, so the stock got slammed. At the same time, videogames in general generate a lot more cash flow than they used to. At the time, he was excited about the new games in their pipeline--who knows when they release them? He has faith. He's holding on and buying more shares. The balance sheet is perfect and they raised a lot more capital recently. He's excited about the opportunities.read more
(A Top Pick Sep 20/18, Up 16%) The media is out for Zuckerberg's head. Yes, FB has screwed up but they have said sorry. Earnings have slowed, because FB is spending on improving privacy of its users. The market overlooks that is spending money on future growth by monetizing Instagram and getting into payments and VR. Their valuation is quite cheap, though growth is slowing, but that means 30% revenue growth. Who else does 30% trading at 20x earnings? FB is up 50% year to date vs. the Nasdaq's 20%.read more
Top Picks
A few years ago, the new CEO transformed this from a listings business to a data analystics business and gaining more revenues outside Canada. Now, 50% of their business is data analystics, selling information to companies like BNN. TMX benefits now from cannabis and cryptos. It's trading at a big discount to other exchanges, so there's a lot of upside. (Analysts’ price target is $102.67)read more
Just because the population is aging, doesn't mean you'll benefit from it. BDX is in medical supplies, not drugs, supplying hospitals. They've pulled back a little, because a product is under FDA review. They have a good record of raising their dividend, and they have a long runway of opportunities ahead. (Analysts’ price target is $259.67)read more
The stock market has been experiencing volatility due to a variety of macro factors. The treasury yield fel...
read more
Premium
TOP PICKS
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BIG WIN
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HORIZON
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Today's Market Outlook
Larry Berman CFA, CMT, CTA
Market. He does not think there is anything more important going forward than the trade issues between the US and China. There is an important dinner meeting Saturday night and we will see how that goes. Trump is being urged to take a very hard line on theft of intellectual property. Any deal that does not include China admitting this exists and how they are going to get rid of it will be judged as a soft deal and a non-win for Trump. This is going to become a political issue going into 2020. Trump wants a rate cut. China has less risk in the talks and more staying power. But technology companies in China are going to hurt US suppliers. Regarding Iran, diplomatic solutions are always the best. Trump was initially against war but he is adamant about doing deals and putting his stamp on things. There is always going to be a hot potato in the middle east and that is never going away. Gold prices have soared on the geopolitical tensions, the Fed easing again and the weaker dollar. All of that is bullish for gold and it is one of his biggest equities.
More market comments
Market Comments
Signal
Opinion
Expert
COMMENT
COMMENT
June 24, 2019
High yield bonds are an equity part of your portfolio even though they pay a dividend. It is a basket of the worst quality balance sheets in corporate North America. It is very high risk from a price perspective. The realized default rate even in the great recession was about 10% or so. So when the bonds do go bad, it is about 10% of the companies that are affected. So long as you think about it as an equity-like risk, then he has no issue with it. He has no issue with holding it indefinitely. This one is hedged to the Canadian dollar.
High yield bonds are an equity part of your portfolio even though they pay a dividend. It is a basket of the worst quality balance sheets in corporate North America. It is very high risk from a price perspective. The realized default rate even in the great recession was about 10% or so. So when the bonds do go bad, it is about 10% of the companies that are affected. So long as you think about it as an equity-like risk, then he has no issue with it. He has no issue with holding it indefinitely. This one is hedged to the Canadian dollar.
Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
$13.890
Unknown
COMMENT
COMMENT
June 24, 2019
[Is there an unhedged version or can he recommend a NASDAQ version] Larry recommends the QQQ-Q as there is no unhedged Canadian version.
[Is there an unhedged version or can he recommend a NASDAQ version] Larry recommends the QQQ-Q as there is no unhedged Canadian version.
Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
$57.510
Unknown
COMMENT
COMMENT
June 24, 2019
[Is there an unhedged version or can he recommend a NASDAQ version] Larry recommends the QQQ-Q as there is no unhedged Canadian version.
[Is there an unhedged version or can he recommend a NASDAQ version] Larry recommends the QQQ-Q as there is no unhedged Canadian version.
Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
$188.160
Unknown
WATCH
WATCH
June 24, 2019
Everything is $5 and below. If it pulls back or if it went sideways and earnings caught up to valuation it would be a buy. It is probably fully priced today. If it got down to 35 times earnings you would probably be okay.
Everything is $5 and below. If it pulls back or if it went sideways and earnings caught up to valuation it would be a buy. It is probably fully priced today. If it got down to 35 times earnings you would probably be okay.
BUY
BUY
June 24, 2019
They are getting involved with digital currency through a separate firm. Some people think it could be a long term opportunity. It is expected that next year their earnings and growth should track each other. He could see this one getting to over $200 in the next several months.
They are getting involved with digital currency through a separate firm. Some people think it could be a long term opportunity. It is expected that next year their earnings and growth should track each other. He could see this one getting to over $200 in the next several months.
COMMENT
COMMENT
June 24, 2019
They announced 50% revenue growth but then guided down to 33% revenue growth going forward. They are really a domestic play in China even though they go up and down with trade tensions between the US and China.
They announced 50% revenue growth but then guided down to 33% revenue growth going forward. They are really a domestic play in China even though they go up and down with trade tensions between the US and China.
HOLD
HOLD
June 24, 2019
They pulled back recently. They announced an acquisition in the UK which will allow them to have growth opportunities outside North America. There may be slower growth going forward in the US as most of the bus acquisitions by municipalities were based on 'The Fast Act' in the US which helped them fund buses after the 2008 recession.
They pulled back recently. They announced an acquisition in the UK which will allow them to have growth opportunities outside North America. There may be slower growth going forward in the US as most of the bus acquisitions by municipalities were based on 'The Fast Act' in the US which helped them fund buses after the 2008 recession.
BUY
BUY
June 24, 2019
RY-T vs. BAC-N. They are both leaders in their respective countries. In a non-registered account, use RY-T. Also he would go with them because in the case of recession, they can lower their expenses. Their plan is to invest in IT when times are good and pull back investments when they are not. Going forward it will be who can tighten their belts the most, will do the best.
RY-T vs. BAC-N. They are both leaders in their respective countries. In a non-registered account, use RY-T. Also he would go with them because in the case of recession, they can lower their expenses. Their plan is to invest in IT when times are good and pull back investments when they are not. Going forward it will be who can tighten their belts the most, will do the best.
HOLD
HOLD
June 24, 2019
RY-T vs. BAC-N. They are both leaders in their respective countries. In a non-registered account, use RY-T. Also he would go with them because in the case of recession, they can lower their expenses. Their plan is to invest in IT when times are good and pull back investments when they are not. Going forward it will be who can tighten their belts the most, will do the best.
RY-T vs. BAC-N. They are both leaders in their respective countries. In a non-registered account, use RY-T. Also he would go with them because in the case of recession, they can lower their expenses. Their plan is to invest in IT when times are good and pull back investments when they are not. Going forward it will be who can tighten their belts the most, will do the best.
COMMENT
COMMENT
June 24, 2019
They are investing in Alpine Credit, who are doing well and who they are getting involved in for their own succession planning purposes. He would not consider AD-T low risk or defensive. They are medium to higher risk. Their valuation is not very related to where interest rates go.
They are investing in Alpine Credit, who are doing well and who they are getting involved in for their own succession planning purposes. He would not consider AD-T low risk or defensive. They are medium to higher risk. Their valuation is not very related to where interest rates go.
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