Cameron Hurst TD Ameritrade Holding AMTD-Q DON'T BUY Oct 03, 2019

Have been growing their assets at about 20% a year but haven’t been getting much credit for the fundamentals because their interest rates have come down so much. They typically make a lot of money on margins. When somebody buys stock and they don’t want to pay for it in full, they can use other stock as leverage and there is a fee to that. This is a great play for a rising yield play. Yield of 1.36%.

(Top Pick Oct 1/13, Up 25.66%) They are a play on the equity market in general. He got out and got back in in June. He still likes it. There has been a nice consolidation this year and it will benefit from a re-invigorated equity market.

(Top Pick Oct 1/13, Up 30.04%) He is back into it. It is one of the larger positions. He got out last February and then got back in.

(A Top Pick Aug 14/14. Up 21.41%.) Still likes this. This is US consumer centric. They have an excellent platform. Very well-run. More of a growthier stock, so trades at around 18-19 times earnings.

HSBC-Q vs. AMTD-Q. The TD business sis a better long term holding than HSBC. They have been benefiting from the globalization of China but have not been investing long term in their regional offices. TD has a growth opportunity with independent advisors. It is a better long term risk reward.

Short interest? She owns TD-T, which has an interest in AMTD-Q. Short interest is one factor she looks at, but does not let it solely influence her decision. With only 2% short interest, it is too small to worry about.

He's not worried because retail is still TD's main business. The discount brokers was to bring trading cost to 0. It's all noise and this is where people get emotional and start selling. He would jump in right now.