General comments from an expert | StockChase
10674
A Comment -- General Comments From an Expert (A Commentary)

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

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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

2017-11-21

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A Comment -- General Comments From an Expert 

Investing. If he doesn’t like the look of a sector, he stays out of it. There used to be the phenomena where people thought that if you picked the best house on a bad block, you’d be okay. For most of his career, that was true, but it is becoming less and less of an appropriate way of looking at things. Everybody remembers the banks and insurance companies having a difficult time during the global financial crisis. It created a tremendous opportunity within real estate, but he noticed his real estate companies were getting hurt on days when other financials were getting hurt, then he realized real estate was part of the financials. Today credit spreads are very narrow, the economy is growing very nicely, so if looking for an underperformer in an outperforming sector, is the market telling you that it is going to do poorly the next time the market corrects? Also, a lot of that is incredibly time sensitive. To him, 3-5 years is what counts. 

David Fingold

VP and Portfolio Manager, Dynamic Funds

Price: $0.020
Owned: _N/A

2017-11-21

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A Comment -- General Comments From an Expert 

Market. North American equity markets made new all-time highs in 2013, the 1st time since the 90s. We rallied 2 years into 2015 and corrected globally. Since February 2016, the market has been slowly making its way higher. We had begun a long reflation of equities in 2016. We have a synchronized growth going on globally, and equities are really an attractive asset class when you have the beginnings of reflation. It can go on for a long time. The hardest thing in a bull market is to stay in your winning positions. Everybody worries, which is good. Looking at the 3 years that came after the first major correction in a bull market of the 50s, there was a rally for 3 years with no volatility. In the rally after the first major correction in 1984 for the 80s and 90s bull market, you had 3 years with no major correction. Since February 2016, we’ve been getting 3%-4% corrections. Another correction is not coming, as there are people with cash sitting waiting for it. In the next 12 months you are going to see a real correction, and then you’ll probably get another 3-4 years of good markets. Regarding cyclicals, flows out of bonds has barely begun. (They’ve been flowing into bonds for over 40 years.) It is relatively early. US banks are trading at 1X BV, and they traded at 2X-3X in the past, and BV is growing.

David Burrows

President & Chief Investment Strategist, Barometer Capital Management

Price: $0.020
Owned: _N/A

2017-11-21

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A Comment -- General Comments From an Expert 

Price to Book ratio? The value you pay for an asset in the event there was a problem. When looking at US banks trading at 1X or 1.5X BV, you are not paying that much for the assets you are getting.

David Burrows

President & Chief Investment Strategist, Barometer Capital Management

Price: $0.020
Owned: _N/A

2017-11-20

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A Comment -- General Comments From an Expert 

[Today's show was pre-empted by BNN's coverage of the Nabraska vote on Keystone XL Pipeline.]

Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Management Inc.

Price: $0.020
Owned: _N/A

2017-11-20

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A Comment -- General Comments From an Expert 

Market.  The economies around the world are in synchrony and are good.  It has helped the international markets.  The emerging markets have led the ride.  They have been the best performers.  It is partly driven by a strong economy in China.  The big question is what happens in normalization of interest rates and lack of stimulation.  The macroeconomic text books were wrong and have to be re-written after we see what happens in 10 years.  Inflated real estate is a global phenomenon.  Prices are much higher than they have been in the past.  Sweden is a signal of what comes afterwards.  House prices are starting to decline and it will give us a road map as to what happens as housing prices around the world start to decline. 

Mark Grammer

Managing Dir. & Portfolio Manager, Gluskin Sheff & Associates

Price: $0.020
Owned: _N/A

2017-11-20

COMMENT
A Comment -- General Comments From an Expert 

Oil and gas is an area he does not focus on because his Canadian investors can get it here.  He has only owned TOT-N, which he thinks is the best and number two is RDS.A-N.  Tot-N is fully integrated and has the best growth profile of all the majors in Europe.

Mark Grammer

Managing Dir. & Portfolio Manager, Gluskin Sheff & Associates

Price: $0.020
Owned: Yes

2017-11-20

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A Comment -- General Comments From an Expert 

Market. There are fundamentals driving the market. The US economy is clearly improving, and starting to accelerate a little. The Trump bump wasn’t so much about that, as it is that US companies are starting to make money, and doing a quite efficiently. If the tax reform doesn’t go through, that is really bad, but on the other hand it will get rid of the Trump bump temporarily. That would be a buying opportunity. He still likes oil long-term. A lot of Canadian producers have become a lot more efficient, which is allowing them to survive with prices at these levels.

John Hood

President & Portfolio Manager, J. C Hood Investment.

Price: $0.020
Owned: _N/A

2017-11-20

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A Comment -- General Comments From an Expert 

Energy. We’ve been told that Canadian Oil Sands is one of the highest cost producers globally with a breakeven point of $60, $70 and $80. How can they make money when they are selling it for about half of what it costs to produce? These companies have become a lot more efficient and have been able to cut the costs of production. They can make some money at these oil prices. 

John Hood

President & Portfolio Manager, J. C Hood Investment.

Price: $0.020
Owned: _N/A

2017-11-20

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A Comment -- General Comments From an Expert 

Covered Calls? A covered call is where you are selling an option which gives somebody else the right to buy the stock. If the stock is at $50, and you sell a covered call, and if the other person has the right to buy it over 6-month period, they have to pay you a premium for that, probably $2-$2.50. One person might not want to do that as they might miss out on the upside of the stock, which is quite true. An investor has to decide whether they want income or the growth in the stock. The cost is a little more for covered calls. The Bank of Montréal website has a good explanation of how these work.

John Hood

President & Portfolio Manager, J. C Hood Investment.

Price: $0.020
Owned: _N/A

2017-11-20

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A Comment -- General Comments From an Expert 

Deep in the money Call Options on momentum driven stocks? This is when a person is trying not to pay too much in premium value, which is the time value of the option. When doing it “deep in the money”, and the stock is at $54, you are buying it at $50, intrinsically worth $4, the time value is going to be compressed. It’s a good strategy, provided it goes up.

John Hood

President & Portfolio Manager, J. C Hood Investment.

Price: $0.020
Owned: _N/A

2017-11-17

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A Comment -- General Comments From an Expert 

Market. Industrials, technology, financials, and materials are showing decent relative strength. The advance/decline lines have been a stubborn holdout, but this week it has turned. Everything else was already moving. When comparing the index to the advance/decline lines, it was still negative, but has flipped and gone positive this week. Signs point to a pretty good run right through to 2018. With higher rates, he believes the consumer and businesses gets us well out into 2018.

Hap (Robert) Sneddon FCSI

Chief Portfolio Manager & Founder, Castlemoore Inc.

Price: $0.020
Owned: _N/A

2017-11-17

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A Comment -- General Comments From an Expert 

Market. He is christening this “The Year of the Repetition”. Feels we are going to see oil and gas pretty much the same. Oil and gas stocks have not really helped the market, but the rest are doing quite well. Mining is humming a bit. It’s at the lower end of things because we don’t have big mining companies any more. Banks will just plow on, so don’t bother to trade them. 

Michael Smedley

Exec VP & Chief Investment Officer, Morgan Meighan & Associates

Price: $0.020
Owned: _N/A

2017-11-16

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A Comment -- General Comments From an Expert 

Market.  WHY-X put out a news release that suggested someone would buy their deposit in BC.  The company surged and was halted, then the deal fell apart.  You have to be careful about this.  He cannot believe the kinds of things that go on in this market. 

Adam Thomas

Vice President & Portfolio Manager, Qwest Fund Management

Price: $0.020
Owned: _N/A

2017-11-16

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A Comment -- General Comments From an Expert 

Market. Overall, it was a very, very strong quarter. Thinks it’s a prelude to a pretty good year to come, and continuation of this grudging bull market we’ve been in. While we are getting a few divergences on the valuation front, which is creating some great opportunities for active managers, overall things are looking very, very good, and he is optimistic going forward. Economically, things are very good. The US central bank is now unwinding the quantitative easing that they’ve had in place for about 5 years. Interest rate increases will probably continue.

Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $0.020
Owned: _N/A

2017-11-16

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A Comment -- General Comments From an Expert 

IPOs? With these, you have to do a lot of homework. There is no background in the public market. For the average retail investor, it is tough. There is also another aspect. It’s the way shares are delved out to people who have asked to get them. The average person is at a disadvantage, as there is a bit of a network among dealers. His general rule is to avoid them.

Alex Ruus

Portfolio Manager, Arrow Capital Management

Price: $0.020
Owned: _N/A

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