Franco-Nevada Corp., Alimentation Couche-Tard and More at 52-week Highs (Mar 25-31) - The markets tumbled once again as concerns over the coronavirus worsened, especially for the United States....
COVID-19 Stocks to Save Your RRSP + Forecasts and Facts (Updated) - Any investor practising hand–washing and social distancing is keeping his eye on the Big Graph. No, not the...
Park Lawn Corp, Dollarama Inc. and More Earnings Reports this Week (Mar 30-Apr 03) - Q2 earnings continue to trickle in as the world faces unprecedented economic slowdown and social distancing...
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Stocks In The News
Daily Market Highlights
 | 2/Apr | SoftBank Corp
plans to abandon WeWork investor deal
| ||
 | 2/Apr | Starbucks
to keep dining areas closed until May 3
| ||
 | 2/Apr | Cenovus Energy
suspends dividend
| ||
 | 2/Apr | Shopify Inc.
suspends outlook for 2020
| ||
 | 2/Apr | Bayerische Motoren Werke AG
: BMW sales declined 15% in Q1
|
Latest Stock Opinions and Top Picks from Market Call Guests
ETF's & THE MARKETS
Why would both go on on the same day? The VIX (VXX-N) tracks the expectation of volatility over the next month. Volatility changes. If the market (SPY-N) is going up then typically volatility comes down. If the catalyst for a rally is thought to be short lived, then volatility can go up as well.read more
Why would both go on on the same day? The VIX (VXX-N) tracks the expectation of volatility over the next month. Volatility changes. If the market (SPY-N) is going up then typically volatility comes down. If the catalyst for a rally is thought to be short lived, then volatility can go up as well.read more
There is more volatility to come. The government of Canada wants to minimize the energy industry. There is a serious push for climate change. You'll get a lot more support in the US than in Canada, but you have to consider the tax implications if it is a cash account instead of a registered account. The current situation will require cuts from every nation.read more
The first oil futures contract today (the front month) is trading below the back month contract, which is 'contango'. The opposite case is 'backwardation'. Inside the ETF they own the front month and then on the transition day, about a week before, they sell the front month and buy the back month. If the front month is lower than the back month and the price of oil does not rise in the second month then you will lose that forward carry. If you don't understand these mechanics then you are at a serious disadvantage with this product.read more
Top Picks
The Fed balance sheet is projected to double in size. They are creating money and monetizing debt and we are never going to come out of this. There is going to be an inflationary impact coming from the world. Supply chains will change. These things will change dynamically but push costs up. Gold will benefit from that for the next number of years.read more
The markets tumbled once again as concerns over the coronavirus worsened, especially for the United States....
read more
GLOBAL EQUITIES
He holds this one since 2015 and no intention to sell. They hold the rights to Caterpillar dealerships, now into Quebec and the Atlantic provinces. Most of their revenues come from mining, construction and farming. Fiscal stimulus could aid infrastructure, so construction could also do well. Mining should be okay for precious metals. The management team is focused on free cash flow and growing the dividend -- up 15% per year over the past 5 years. There is more downward price action in the market, so he would think about putting in buy orders about 15% below current levels.read more
They are somewhat insulated from the oil price declines. However, with so much oil supply in the market flooding in from Russia and Saudi Arabia, at some point storage will be full and this will not be a good situation. The risk lies with commitments made by producers for their services. Yes, they will get some relief in bankruptcy court if their customer fails, but it will take time. They are staying away from energy right now. If you own this, he would suggest selling half and wait for improvement.read more
GOOG vs MSFT? The challenge with GOOG is that 40-50% ad spend comes from small businesses. He expects small business will be struggling for revenue for the next few months. He would not be a buyer of GOOG. He does not own MSFT, but would prefer them over GOOG. MSFT has a very successful cloud service and he sees Teams being a good add to their revenue right now.read more
GOOG vs MSFT? The challenge with GOOG is that 40-50% ad spend comes from small businesses. He expects small business will be struggling for revenue for the next few months. He would not be a buyer of GOOG. He does not own MSFT, but would prefer them over GOOG. MSFT has a very successful cloud service and he sees Teams being a good add to their revenue right now.read more
US acquisitions? He likes holding this and it is the only holding in the banking space they own. The correlation risk of banks to the market scares them. The US market drives about one-third of their revenue. Their wealth management and retail business sets them up well for when the economic recovery takes hold. At today's prices you are getting about a 5.5% yield. This is a good opportunity to buy, especially when interest rates are close to zero. He cautions that the market could go lower, so he would suggest a partial buy.read more
Top Picks
He has held this since 2015 -- a defensive consumer staple. They have over 2 million customers. They operate around the world. This means some of their businesses will be rolling out of the down turn sooner than being just in North America. They are into food and beverages, home care and beauty care -- all the necessities of life. They dividend has grown by 10% annually. Yield 3.63%.read more
The work from home trend will allow them to get through this successfully. During the last financial crisis they managed to continue to grow and he expects that to happen again. They issued shares back in February, which allowed them to raise cash and likely maintain the dividend. A qqulity company you can hold for the long term. Yield 5.38% (Analysts’ price target is $26.69)read more
Any investor practising hand–washing and social distancing is keeping his eye on the Big Graph. No, not the...
read more
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TOP PICKS
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BIG WIN
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HORIZON
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TECHNOLOGY - LARGE CAPS
American Tower as a 5G pick? Instead, he owns MRVL-Q, a peer, in SOXX. He own ETFs to be nimble. Marvell is a leader in storage, networking, switches and embedded processing. They have great relationships with customers like Samsung in the 5G area, as well as Nokia, also in 5G. He likes MRVL though there is somevirus risk. You can buy this, but also buy some SOXX to spread the risk. $28.60 is his price targetread more
He once owned it, did well, and took profits in late-2019. Will be interesting to see how CSU maneuvers the next few months. They acquire lucrative runway companies at a discount--and those are now trading at discount. He expects CSU to buy in coming months. An interesting play, but a little early to enter CSU.read more
Currently at resistance levels. He owns a 3.5-5.5% position. He hasn't touched this in six months, thank goodness. Many investors are now realizing how valuable this company is in good times and bad, as reflected in the current stock price. One area that will explode for them is Amazon Go convenience stores, these walk-out stores, which will be the next billion-dollar business and push the stock above $2,300. There will opportunities to buy this during earnings season. He buys in thirds, one at a time.read more
(A Top Pick Mar 04/19, Up 51%) It's getting close to his price target of $675. Is this a space to be in? It's a behemoth in data centres while there's massive growth in cloud--still early days of cloud. So, EQIX has competitive advantage in size, winning deals and keeping costs down. The trend to working at home is a tailwind. EQIX is the largest player in data centres in the world. Buy this in the $500s. MSFT uses EQIX as a storage facility. EQIX plays into the internet of things and macros tech trends, all tailwinds.read more
Top Picks
Q2 earnings continue to trickle in as the world faces unprecedented economic slowdown and social distancing...
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Today's Market Outlook
Larry Berman CFA, CMT, CTA
Educational Segment. Market. He suggested last week that the rally was more about a rebalance between bonds and stocks on a quarterly basis. That is now clearly what it was. Part of the legislation in the US says that any corporations that are going to need help from the government are going to have a restriction on share buy backs or dividend issuing until the loan is paid off. He showed a chart of expected dividends from the S&P and how three months ago they would go up steadily. Now they will take a dip and then climb back to what they are now in about a decade. His sleep at night portfolio (ZZZD-T) sank with others until about a week ago and then rose and has lost less than his other comparisons YTD.
More market comments
Market Comments
Signal
Opinion
Expert
COMMENT
COMMENT
April 2, 2020
Why would both go on on the same day? The VIX (VXX-N) tracks the expectation of volatility over the next month. Volatility changes. If the market (SPY-N) is going up then typically volatility comes down. If the catalyst for a rally is thought to be short lived, then volatility can go up as well.
Show full opinionHide full opinion
Why would both go on on the same day? The VIX (VXX-N) tracks the expectation of volatility over the next month. Volatility changes. If the market (SPY-N) is going up then typically volatility comes down. If the catalyst for a rally is thought to be short lived, then volatility can go up as well.
COMMENT
COMMENT
April 2, 2020
Why would both go on on the same day? The VIX (VXX-N) tracks the expectation of volatility over the next month. Volatility changes. If the market (SPY-N) is going up then typically volatility comes down. If the catalyst for a rally is thought to be short lived, then volatility can go up as well.
Show full opinionHide full opinionWhy would both go on on the same day? The VIX (VXX-N) tracks the expectation of volatility over the next month. Volatility changes. If the market (SPY-N) is going up then typically volatility comes down. If the catalyst for a rally is thought to be short lived, then volatility can go up as well.
WATCH
WATCH
April 2, 2020
There is more volatility to come. The government of Canada wants to minimize the energy industry. There is a serious push for climate change. You'll get a lot more support in the US than in Canada, but you have to consider the tax implications if it is a cash account instead of a registered account. The current situation will require cuts from every nation.
Show full opinionHide full opinionThere is more volatility to come. The government of Canada wants to minimize the energy industry. There is a serious push for climate change. You'll get a lot more support in the US than in Canada, but you have to consider the tax implications if it is a cash account instead of a registered account. The current situation will require cuts from every nation.
COMMENT
COMMENT
April 2, 2020
ZWB-T vs. ZEB-T. If your view on the banks is sideways to down a little bit, then ZWB-T is the better holding but if you are bullish on the banks then you don’t want the covered calls. He prefers ZEB-T right now because he wants all the price capture upside when the banks recover.
Show full opinionHide full opinionZWB-T vs. ZEB-T. If your view on the banks is sideways to down a little bit, then ZWB-T is the better holding but if you are bullish on the banks then you don’t want the covered calls. He prefers ZEB-T right now because he wants all the price capture upside when the banks recover.
COMMENT
COMMENT
April 2, 2020
ZWB-T vs. ZEB-T. If your view on the banks is sideways to down a little bit, then ZWB-T is the better holding but if you are bullish on the banks then you don’t want the covered calls. He prefers ZEB-T right now because he wants all the price capture upside when the banks recover.
Show full opinionHide full opinionZWB-T vs. ZEB-T. If your view on the banks is sideways to down a little bit, then ZWB-T is the better holding but if you are bullish on the banks then you don’t want the covered calls. He prefers ZEB-T right now because he wants all the price capture upside when the banks recover.
DON'T BUY
DON'T BUY
April 2, 2020
The first oil futures contract today (the front month) is trading below the back month contract, which is 'contango'. The opposite case is 'backwardation'. Inside the ETF they own the front month and then on the transition day, about a week before, they sell the front month and buy the back month. If the front month is lower than the back month and the price of oil does not rise in the second month then you will lose that forward carry. If you don't understand these mechanics then you are at a serious disadvantage with this product.
Show full opinionHide full opinionThe first oil futures contract today (the front month) is trading below the back month contract, which is 'contango'. The opposite case is 'backwardation'. Inside the ETF they own the front month and then on the transition day, about a week before, they sell the front month and buy the back month. If the front month is lower than the back month and the price of oil does not rise in the second month then you will lose that forward carry. If you don't understand these mechanics then you are at a serious disadvantage with this product.
COMMENT
COMMENT
April 2, 2020
ZLC-T & ZIC-T. You have a little bit of credit risk in corporate. When you want safety the best bet is government, not corporate as you get exposure to corporate earnings. Do you want it for the yield or for the protection? Don't sell either one at the moment.
Show full opinionHide full opinionZLC-T & ZIC-T. You have a little bit of credit risk in corporate. When you want safety the best bet is government, not corporate as you get exposure to corporate earnings. Do you want it for the yield or for the protection? Don't sell either one at the moment.
COMMENT
COMMENT
April 2, 2020
ZLC-T & ZIC-T. You have a little bit of credit risk in corporate. When you want safety the best bet is government, not corporate as you get exposure to corporate earnings. Do you want it for the yield or for the protection? Don't sell either one at the moment.
Show full opinionHide full opinionZLC-T & ZIC-T. You have a little bit of credit risk in corporate. When you want safety the best bet is government, not corporate as you get exposure to corporate earnings. Do you want it for the yield or for the protection? Don't sell either one at the moment.
PARTIAL BUY
PARTIAL BUY
April 2, 2020
It is a basket of emerging market countries including some challenged ones. We are going through a shock period now. They are government bonds trading in the local currencies so you have interest rate risk as well as currency risk. He has been adding to them over the last year and a half. You have to wait until the strength gets back into the emerging currencies. You get paid a good yield and the volatility is way less than emerging market volatility.
Show full opinionHide full opinionIt is a basket of emerging market countries including some challenged ones. We are going through a shock period now. They are government bonds trading in the local currencies so you have interest rate risk as well as currency risk. He has been adding to them over the last year and a half. You have to wait until the strength gets back into the emerging currencies. You get paid a good yield and the volatility is way less than emerging market volatility.
COMMENT
COMMENT
April 2, 2020
ZQQ-T vs. TQQQ-N. The question is if you buy it with a currency hedge or the US version. If you are holding for the next few years, the Canadian dollar will be stronger down the road. He would prefer the ZQQ-T version but today is not the day to buy. In the next market decline he thinks some of the tech stocks will get hit.
Show full opinionHide full opinionZQQ-T vs. TQQQ-N. The question is if you buy it with a currency hedge or the US version. If you are holding for the next few years, the Canadian dollar will be stronger down the road. He would prefer the ZQQ-T version but today is not the day to buy. In the next market decline he thinks some of the tech stocks will get hit.
