General comments from an expert | StockChase
10760
A Comment -- General Comments From an Expert (A Commentary)

Last Price Recorded: $0.0200 on 0000-00-00

ON STOCKCHASE SINCE Oct 2000

Sometimes an expert talks about things other then a particular stock. We think it may be useful to include it, so this is the spot we use.

10760
A Comment -- General Comments From an Expert (A Commentary)

Last Price Recorded: $0.0200 on 0000-00-00

ON STOCKCHASE SINCE Oct 2000

Sometimes an expert talks about things other then a particular stock. We think it may be useful to include it, so this is the spot we use.


General comments from an expert


Signal Opinion Expert
N/A
General Market Comment 

December 18, 2017

Market.  They slipped some things into the US tax reform package at the last minute.  Capping salt (state and local property tax and mortgage deductions) will impact markets like California.  Most of the tax cost of the package is going to benefit corporations and the top 20% of earners.  Over 10 years he understands they will pay more tax under $75k of income.  It looks terrific now if you look at the numbers, however.  Corporations won’t build more plant and equipment if they don’t see demand going up.  He thinks people won’t get paid more. 

Market.  They slipped some things into the US tax reform package at the last minute.  Capping salt (state and local property tax and mortgage deductions) will impact markets like California.  Most of the tax cost of the package is going to benefit corporations and the top 20% of earners.  Over 10 years he understands they will pay more tax under $75k of income.  It looks terrific now if you look at the numbers, however.  Corporations won’t build more plant and equipment if they don’t see demand going up.  He thinks people won’t get paid more. 

Unknown
Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Manageme...

PricePrice
$0.000
Owned Owned
_N/A

BUY on WEAKNESS
General Market Comment 

December 18, 2017

India ETFs.  There are two he really likes.  They trade in US$ so you have the currency risks.  SCIF-N is a small ca play on India.  This in where a lot of growth will be.  INDA-N is another one he likes.  Because of the time zone, there are liquidity problems resulting in wide spreads.  He is looking to add on pull backs.

India ETFs.  There are two he really likes.  They trade in US$ so you have the currency risks.  SCIF-N is a small ca play on India.  This in where a lot of growth will be.  INDA-N is another one he likes.  Because of the time zone, there are liquidity problems resulting in wide spreads.  He is looking to add on pull backs.

Unknown
Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Manageme...

PricePrice
$0.000
Owned Owned
No

BUY on WEAKNESS
General Market Comment 

December 18, 2017

Gold stocks.  It has been selling off recently.  He backed up the truck in exposure to gold in the last dip.  He can’t see it getting out of the trading range we have been in over the last couple of years: $1200-$1380.  ZGD-T is the one he was buying.  ZJG-T is junior golds.  He has been buying on the weakness.

Gold stocks.  It has been selling off recently.  He backed up the truck in exposure to gold in the last dip.  He can’t see it getting out of the trading range we have been in over the last couple of years: $1200-$1380.  ZGD-T is the one he was buying.  ZJG-T is junior golds.  He has been buying on the weakness.

Unknown
Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Manageme...

PricePrice
$0.000
Owned Owned
Unknown

N/A
General Market Comment 

December 18, 2017

Educational Segment.  Forecasts for 2018.  Looking back on 2017, he was looking for a disappointment, but the market has not been.  He has been running portfolios very defensively.  His global dividend strategy is almost 9%, which is not bad.  He focuses on better risk adjusted returns.  Should we step on the gas now with the US tax bill.  No, 8 years into a bull market he will remain defensive.  In the last couple of months we saw a dramatic downturn in the western Canadian select oil compared to WTI.  Pipelines are not getting enough oil down to the US, so all of a sudden we can’t get enough our landlocked oil to Asia, due to a lack of east/west pipelines.  Canada should underperform next year.  The housing market and rising interest rates will start to cool, which was the biggest contributor to GDP.  He does not think we get a recession next year.  2775 is his target for the S&P, a 4 to 6% return, and less for Canada.  You should focus on dividend strategies for next year.  He expects a 5-10% pull back next year.  We are in for some bumpier markets in the next couple of years.

Educational Segment.  Forecasts for 2018.  Looking back on 2017, he was looking for a disappointment, but the market has not been.  He has been running portfolios very defensively.  His global dividend strategy is almost 9%, which is not bad.  He focuses on better risk adjusted returns.  Should we step on the gas now with the US tax bill.  No, 8 years into a bull market he will remain defensive.  In the last couple of months we saw a dramatic downturn in the western Canadian select oil compared to WTI.  Pipelines are not getting enough oil down to the US, so all of a sudden we can’t get enough our landlocked oil to Asia, due to a lack of east/west pipelines.  Canada should underperform next year.  The housing market and rising interest rates will start to cool, which was the biggest contributor to GDP.  He does not think we get a recession next year.  2775 is his target for the S&P, a 4 to 6% return, and less for Canada.  You should focus on dividend strategies for next year.  He expects a 5-10% pull back next year.  We are in for some bumpier markets in the next couple of years.

Unknown
Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Manageme...

PricePrice
$0.000
Owned Owned
_N/A

N/A
General Market Comment 

December 15, 2017

Market. Technology will continue to be a big driving sector. We've seen a lithium bubble and all sorts of speculative trends in some of the really small junior companies. It's a dichotomy kind of market with large companies doing well, some of the crazy stuff doing well, but some stuff in the middle nobody cares about. People are still worried and still have the recession belief in their brain. Executive confidence is pretty high right now. A rise in interest rates is a given and this is fully reflected in the market right. There are no issues unless the Fed does something crazy. Everyone is talking about synchronized global growth, and that is occurring. It is really time for someone to pay attention to the resource market. There have been lots of takeovers and lots of shortages of production capacity. As you get expansion of capacity demand, then you have to get some sort of slingshot effect in resources. Thinks that sector is going to do better.

Market. Technology will continue to be a big driving sector. We've seen a lithium bubble and all sorts of speculative trends in some of the really small junior companies. It's a dichotomy kind of market with large companies doing well, some of the crazy stuff doing well, but some stuff in the middle nobody cares about. People are still worried and still have the recession belief in their brain. Executive confidence is pretty high right now. A rise in interest rates is a given and this is fully reflected in the market right. There are no issues unless the Fed does something crazy. Everyone is talking about synchronized global growth, and that is occurring. It is really time for someone to pay attention to the resource market. There have been lots of takeovers and lots of shortages of production capacity. As you get expansion of capacity demand, then you have to get some sort of slingshot effect in resources. Thinks that sector is going to do better.

Unknown
Peter Hodson

CEO & Head of Research, 5i Research Inc....

PricePrice
$0.020
Owned Owned
_N/A

N/A
General Market Comment 

December 15, 2017

Marijuana? An emerging industry, and you cannot value these compConstellation Brands has come in, and we know that other companies will come in as they want a piece of this market. It's probably not because Canada will be huge, but it is when other countries go the legal route. Expects there will be a lot of consolidation. This is going to be crazy, and then you get July and people will realize it is not going to be quite as exciting as what they thought. You can probably trade these until the 1st quarter after legalization, and that is when the party ends.anies. It's all based on what might happen. If every single person in Canada bought $100 worth of weed a year, it is still only a $4 billion market. But if you look at the market cap and what people are expecting; the market cap and potential is just ridiculous. Because of that, he is very, very cautious. The other side is that there will be more consolidation in the industry. 

Marijuana? An emerging industry, and you cannot value these compConstellation Brands has come in, and we know that other companies will come in as they want a piece of this market. It's probably not because Canada will be huge, but it is when other countries go the legal route. Expects there will be a lot of consolidation. This is going to be crazy, and then you get July and people will realize it is not going to be quite as exciting as what they thought. You can probably trade these until the 1st quarter after legalization, and that is when the party ends.anies. It's all based on what might happen. If every single person in Canada bought $100 worth of weed a year, it is still only a $4 billion market. But if you look at the market cap and what people are expecting; the market cap and potential is just ridiculous. Because of that, he is very, very cautious. The other side is that there will be more consolidation in the industry. 

Unknown
Peter Hodson

CEO & Head of Research, 5i Research Inc....

PricePrice
$0.020
Owned Owned
_N/A

N/A
General Market Comment 

December 15, 2017

Market. He’s been very Long this market for a while, and for asset allocation model 70/30 to fixed income, he is right on the edge in terms of his swing for 90% equity. Stocks are expensive, but are not expensive relative to bonds, apartment buildings, a lot of different private equity alternatives. If you can find a stock with a 11 or 12 PE with a 4% dividend and visibility growing at 10% and EPS, there is still lots of opportunity. As a protection strategy, he is using the options market to squeeze out yield on both sides, using Calls or puts.

Market. He’s been very Long this market for a while, and for asset allocation model 70/30 to fixed income, he is right on the edge in terms of his swing for 90% equity. Stocks are expensive, but are not expensive relative to bonds, apartment buildings, a lot of different private equity alternatives. If you can find a stock with a 11 or 12 PE with a 4% dividend and visibility growing at 10% and EPS, there is still lots of opportunity. As a protection strategy, he is using the options market to squeeze out yield on both sides, using Calls or puts.

Unknown
Greg Newman

Director & Portfolio Manager, Scotia Wealth Manage...

PricePrice
$0.020
Owned Owned
_N/A

N/A
General Market Comment 

December 15, 2017

Dividend paying stock to provide an income? He would start with one or 2 banks and 1 or 2 insurance companies. There are some really good industrials that still look good, such as a Magna (MG-T). A lot of people are looking for the high dividend paying stocks, that are good to be owning in this environment. He would suggest a Russell Metals (RUS-T) with about a 5% dividend, which is strengthening from metal prices.

Dividend paying stock to provide an income? He would start with one or 2 banks and 1 or 2 insurance companies. There are some really good industrials that still look good, such as a Magna (MG-T). A lot of people are looking for the high dividend paying stocks, that are good to be owning in this environment. He would suggest a Russell Metals (RUS-T) with about a 5% dividend, which is strengthening from metal prices.

Unknown
Greg Newman

Director & Portfolio Manager, Scotia Wealth Manage...

PricePrice
$0.020
Owned Owned
_N/A

N/A
General Market Comment 

December 14, 2017

Market.  US markets are not cheap but there are some names and industries that are good investments.  Some of the block chain companies are scarce in revenues and profits and high on valuation, so be careful.  And for Oil pipelines, you don’t have enough outlets, pipelines that are going under maintenance and storage that is getting full.  You could see oil in a $50 to $60 range but if inventories get depleted faster you could see it up to $65.

Market.  US markets are not cheap but there are some names and industries that are good investments.  Some of the block chain companies are scarce in revenues and profits and high on valuation, so be careful.  And for Oil pipelines, you don’t have enough outlets, pipelines that are going under maintenance and storage that is getting full.  You could see oil in a $50 to $60 range but if inventories get depleted faster you could see it up to $65.

Unknown
Michael Simpson, CFA

Senior Vice-President, Sentry Investments...

PricePrice
$0.020
Owned Owned
_N/A

N/A
General Market Comment 

December 14, 2017

Canadian Banks.  It is an oligopoly. He has RY-T, TD-T and BNS-T.  Depending on what you own, he prefers ones with more exposure to the US.  He favours RY-T, TD-T, BNS-T and BMO-T for those reasons.  He steers clear of CM-T. 

Canadian Banks.  It is an oligopoly. He has RY-T, TD-T and BNS-T.  Depending on what you own, he prefers ones with more exposure to the US.  He favours RY-T, TD-T, BNS-T and BMO-T for those reasons.  He steers clear of CM-T. 

Unknown
Michael Simpson, CFA

Senior Vice-President, Sentry Investments...

PricePrice
$0.020
Owned Owned
Yes

N/A
General Market Comment 

December 14, 2017

Market. The market is sort of trading sideways, but he expects we will still have a US Santa Claus rally. There is nothing wrong with the background, and with the tax bill passing in the US, that will encourage their markets. However, we still have NAFTA hanging over us and low oil prices that are holding our market back. Things are not quite as bad as some equity managers think. There has been a fair migration of funds out of Canada into emerging markets.

Market. The market is sort of trading sideways, but he expects we will still have a US Santa Claus rally. There is nothing wrong with the background, and with the tax bill passing in the US, that will encourage their markets. However, we still have NAFTA hanging over us and low oil prices that are holding our market back. Things are not quite as bad as some equity managers think. There has been a fair migration of funds out of Canada into emerging markets.

Unknown
David Cockfield

Managing Director, Northland Wealth Man...

PricePrice
$0.020
Owned Owned
_N/A

N/A
General Market Comment 

December 14, 2017

REITs? This sector is one you have to be a little careful about these days. Specifically, the kind of investments they are in. The mall sector is one you have to be concerned about. Look for one with a residential aspect or industrial storage.

REITs? This sector is one you have to be a little careful about these days. Specifically, the kind of investments they are in. The mall sector is one you have to be concerned about. Look for one with a residential aspect or industrial storage.

Unknown
David Cockfield

Managing Director, Northland Wealth Man...

PricePrice
$0.020
Owned Owned
_N/A

N/A
General Market Comment 

December 14, 2017

Are Canadian banks safe? He likes TD (TD-T) for its growing US exposure. Thinks they are going to get better results and the dividends are all safe. Bank of Montréal (BMO-T) is the 3rd on his list that he owns, and they are expanding their US exposure as well. Also has the Bank of Nova Scotia (BNS-T) which gives you an entry into central America and Chile, giving you offshore banking. These would give you a diversification that really reduces the risk in the event the Canadian situation turns a bit sour.

Are Canadian banks safe? He likes TD (TD-T) for its growing US exposure. Thinks they are going to get better results and the dividends are all safe. Bank of Montréal (BMO-T) is the 3rd on his list that he owns, and they are expanding their US exposure as well. Also has the Bank of Nova Scotia (BNS-T) which gives you an entry into central America and Chile, giving you offshore banking. These would give you a diversification that really reduces the risk in the event the Canadian situation turns a bit sour.

Unknown
David Cockfield

Managing Director, Northland Wealth Man...

PricePrice
$0.020
Owned Owned
_N/A

N/A
General Market Comment 

December 14, 2017

How do you assess the NAFTA agreement if the US pulls out? This is a very political situation. One of the main themes of Pres. Trump was to tear up NAFTA. So far, he’s followed through on just about anything he said he was going to do. Doesn't feel he can tear up NAFTA, but can set the scene if negotiations fail, which he thinks is going to happen. What happens after that is critical. If we pull back to the old Canadian/US free trade deal, we are almost back to square one, i.e., we don't really get hurt that much. From a market standpoint, if NAFTA gets washed out we could see our markets get hit from a psychological standpoint. That would be a buying opportunity, because when the dust settles, Trump's real target is Mexico, not Canada. He can't believe Trump would blow a hole in the US automotive industry just to satisfy a political promise.

How do you assess the NAFTA agreement if the US pulls out? This is a very political situation. One of the main themes of Pres. Trump was to tear up NAFTA. So far, he’s followed through on just about anything he said he was going to do. Doesn't feel he can tear up NAFTA, but can set the scene if negotiations fail, which he thinks is going to happen. What happens after that is critical. If we pull back to the old Canadian/US free trade deal, we are almost back to square one, i.e., we don't really get hurt that much. From a market standpoint, if NAFTA gets washed out we could see our markets get hit from a psychological standpoint. That would be a buying opportunity, because when the dust settles, Trump's real target is Mexico, not Canada. He can't believe Trump would blow a hole in the US automotive industry just to satisfy a political promise.

Unknown
David Cockfield

Managing Director, Northland Wealth Man...

PricePrice
$0.020
Owned Owned
_N/A

N/A
General Market Comment 

December 13, 2017

Market. Believes we began a re-evaluation of the equity asset class in 2013. 2013 was when we took out the highs of the bull market of the 1990s, and it was the first major global developed market to take out all time highs. That was and has been the leader ever since. Bull markets tend to last 15-18 years with interruptions. Since 2013, multiples have steadily been improving since people became more comfortable with the future. We had the first serious correction in 2015 and beginning of 2016, and that was a reset starting a 2nd cyclical rally. We’re about 2 years into that and probably have another year in front of us in the cyclical rally. The secular re-evaluation of the equities goes on for another 10-12 years. Earnings are going up, so we pay for that. The quality of the earnings is getting better. We have revenue growth as opposed to just cost cutting. The average company in the S&P 500 is yielding just over 6% on its capital, so you are getting paid about 3% excess return to buy stocks, compared to bonds. You're getting paid well to take risks. Expects that a year from now we will get a significant correction, but we have another year to get pretty significant returns before it happens. Once you have that correction out of the way, then you have another 3-4 years in front of you.

Market. Believes we began a re-evaluation of the equity asset class in 2013. 2013 was when we took out the highs of the bull market of the 1990s, and it was the first major global developed market to take out all time highs. That was and has been the leader ever since. Bull markets tend to last 15-18 years with interruptions. Since 2013, multiples have steadily been improving since people became more comfortable with the future. We had the first serious correction in 2015 and beginning of 2016, and that was a reset starting a 2nd cyclical rally. We’re about 2 years into that and probably have another year in front of us in the cyclical rally. The secular re-evaluation of the equities goes on for another 10-12 years. Earnings are going up, so we pay for that. The quality of the earnings is getting better. We have revenue growth as opposed to just cost cutting. The average company in the S&P 500 is yielding just over 6% on its capital, so you are getting paid about 3% excess return to buy stocks, compared to bonds. You're getting paid well to take risks. Expects that a year from now we will get a significant correction, but we have another year to get pretty significant returns before it happens. Once you have that correction out of the way, then you have another 3-4 years in front of you.

Unknown
David Burrows

President & Chief Investment Strategist, Barometer Capital Ma...

PricePrice
$0.020
Owned Owned
_N/A

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