Opinions
The Panic-Proof Portfolio (Stockchase Research)
BETAPRO SP500 DAILY INVERSE ETF
HIU-T
TOP PICK
Jul 30, 2020
Stockchase Editor: Michael O'Reilly With the general stock markets almost returning to pre-pandemic highs, analysts feel stocks are price near "perfection". This means that the market is at risk to sizable pullbacks if earnings and future growth prospects stumble. For income investors, HIU offers a way to confidently hold income producing assets, even in the face of significant market retracement. HIU is an inverse ETF of the S&P500 index that trades in Canadian dollars. Holding an asset that rises in value as the market erodes, creates a cash war chest that can be used to purchased undervalued assets later on. The added kicker is that the Canadian dollar will likely fall with the market, which will further add to the value of the ETF. A very defensive holding. Yield 0%
$20.120
Stock price when the opinion was issued
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PAST TOP PICK
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Stockchase Research Editor: Michael O'Reilly HIU is a defensive holding we have selected as a TOP PICK in the past and again suggest for Canadian investors during periods of market uncertainty and inflation worries. It is a low MER inverse ETF for the S&P500. Its value will also benefit if the CAD dollar weakens during a market retracement as currency is not hedged. We recommend placing a stop loss at $13.75 as this would likely signal a renewed bullish outlook for the S&P500. We will target $18.00 to consider covering half the position. Yield 0%
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TOP PICK
Stockchase Research Editor: Michael O’Reilly We reiterate this defensive low MER ETF that is inverse to the S&P500. As the currency is not hedged, it will gain further value if the CAD dollar weakens during a market retracement. We continue to recommend keeping a stop loss at $13.75. Yield 0%
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TOP PICK
Stockchase Research Editor: Michael O'Reilly We reiterate HIU, a defensive low MER ETF that is inverse to the S&P500, as a TOP PICK. As the currency is not hedged, it will gain further value if the CAD dollar weakens during a market retracement. We continue to recommend keeping a stop loss at $13.75. Yield 0%
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TOP PICK
Stockchase Research Editor: Michael O'Reilly In periods of market uncertainty HIU is a defensive low MER ETF that is inverse to the S&P500 and is again reiterated as a TOP PICK. As the currency is not hedged, it will gain further value if the CAD dollar weakens during a market retracement. We continue to recommend keeping a stop loss at $13.75. Yield 0%
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TOP PICK
Stockchase Research Editor: Michael O'Reilly We again reiterate this low MER ETF, that is inverse to the S&P500, as a defensive holding during this period of extended market uncertainty. As the currency is not hedged, it will gain further value if the CAD dollar weakens during a market retracement. We continue to recommend keeping a stop loss at $13.75. Yield 0%
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TOP PICK
Stockchase Research Editor: Michael O’Reilly
We again reiterate this low MER ETF, inverse to the S&P500, as a defensive holding during this period of extended market uncertainty. As the currency is not hedged, it will gain further value if the CAD dollar weakens during a market retracement. We continue to recommend keeping a stop loss at $13.75. Yield 0%
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PAST TOP PICK
(A Top Pick Mar 30/23, Down 4.2%)Stockchase Research Editor: Michael O'Reilly
Our PAST TOP PICK with HIU has triggered its stop at $14. To remain disciplined, we recommend covering the position at this time. This will result in a net investment loss of 6%, based on our previous buy recommendations.
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