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Stock Opinions by Brian Acker, CA

N/A
Market. There is COVID-19 in the White-house. There is a chance of a deflationary shock in the short term. If anything were to go wrong, then the US$ would soar. Investors should look at what equities they have in US$. If we get that deflationary shock… your portfolio will survive in the forth quarter. What's driving the market now is headlines. It wants to judge if we are going into a deflationary shock or do we go into hyper inflation. Technology is a hedge if we go into seriously bad news. He would be balanced, diversified, holding a lot of US$ and let's see what happens. He thinks a stimulus package is critical. He thinks it will get passed.
Unknown
BUY
New Money? Yes. He has a $20.21 model price with a 3% upside so he would recommend it here and owns it in client accounts.
electrical utilities
DON'T BUY

Although the analyst says ETF, BAM.A is an asset management firm. The companies are all kind of the same. Anyone who is in the ETFs should look out. He suggests avoiding the name. The balance sheets are bank-like so they need to earn huge earnings to match their balance sheet and they don’t. They are pro-cyclical. As prices start to fall then the pro-cyclicality will start to reverse itself. These stocks are not a good place to be.

management / diversified
SELL
He has been recommending this stock in the past. He still thinks this is the best managed company out there. It has had numerous negative transits (Sell Signals). He feels we need to hear from them and they need to resize the dividend relative to what they can pay. It is almost yielding 11%. There are multiple sell signals.
integrated oils
DON'T BUY

It does not have downstream operations, but is trading at the same valuation as SU-T. He would give it a pass. There was a sell signal three weeks ago. Wait for a positive transit.

oil / gas
DON'T BUY
Gold. He distrusts it as these levels. It is the only mistake recommendation in 21 years. This includes the gold companies.
Unknown
PAST TOP PICK
(A Top Pick Oct 15/19, Down 31%) Being a value manager in this market is tough. This fits his definition of a value stock. His model price is $56.73 which is a 60% upside. He still owns it. It looks like it is trying to bottom. We need to get past the doubts about the economy.
specialty stores
PAST TOP PICK
(A Top Pick Oct 15/19, Up 14%) His model price is $201 or a 37% upside. They are in phase three trials with a COVID-19 vaccine.
biotechnology / pharmaceutical
PAST TOP PICK
(A Top Pick Oct 15/19, Up 1%) They have great earnings but are delaying a chip for 6 months so investors brutalized the stock after that announcement. It has bounced back.
electrical / electronic
BUY
Where to put RESP money. He would be tempted to include GOOG-Q. Even if they get broken up, the smaller companies would do well.
Business Services
BUY
Where to put RESP money. He would be tempted to include GOOG-Q. Even if they get broken up, the smaller companies would do well.
Unknown
HOLD
His model price is $21.20, or a 25% upside. They are paying a 94% payout ratio. This will pay out all the income through to Dec '21. He would wait for a positive transit before buying. It is at the top of the zone. At the $13/14 level he would be a buyer and would even still hold it here.
Energy Infrastructure, Industrials & Utilities
HOLD
Banks. If we go into a deflationary shock, all the banks will get hit. He would have some banks but not them all and not be overweight banks here. Everywhere but Canada, the banks are broke and are bad businesses. We have to get through this period.
Unknown
N/A
Foreign Currencies. In the past you have just profited from the Canadian dollar going down. He thinks it will go into the $0.60s shortly. There is no indication the CAD$ is going to move back up yet.
Unknown
HOLD
His model price is $13.14, which is only 1.8% higher. He would look for opportunities down the road. It is fully valued right now. Don't buy or sell it here.
oil pipelines
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