Stock Opinions by Larry Berman CFA, CMT, CTA - Stockchase Experts
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Stock Opinions by Larry Berman CFA, CMT, CTA - Stockchase Experts


Signal Opinion Expert Chart
N/A
General Market Comment 

September 17, 2018

Market.  As we get into the US midterm elections, trade will be a big thing.  It is most important what the US is going to do with China and Europe.  Canada is reaching a soft deadline at the end of this month for free trade.  He heard there is a deadline of the 20th of September.  It all means uncertainty for markets and volatility around currency.  Trump has to be able to talk of doing a deal on trade.  It is next year's congress that will vote on all these things.  He is not sure the uncertainty is going to go away.  China is the most senior of the emerging markets and is down 20% from their peaks.  The US is leading here.  The Fed is slowing things down and that always, always ends the bull market.  It could be 2 months, 6 months or a year from now but the emerging markets are showing that warning sign here.

Market.  As we get into the US midterm elections, trade will be a big thing.  It is most important what the US is going to do with China and Europe.  Canada is reaching a soft deadline at the end of this month for free trade.  He heard there is a deadline of the 20th of September.  It all means uncertainty for markets and volatility around currency.  Trump has to be able to talk of doing a deal on trade.  It is next year's congress that will vote on all these things.  He is not sure the uncertainty is going to go away.  China is the most senior of the emerging markets and is down 20% from their peaks.  The US is leading here.  The Fed is slowing things down and that always, always ends the bull market.  It could be 2 months, 6 months or a year from now but the emerging markets are showing that warning sign here.

Unknown
Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$0.020
Owned Owned
_N/A

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WAIT

It is one of his favourite ETFs to play high yielding, less correlating exposure.  Utilities, pipelines and telcoes, 30% US, 70% Canada.  The yield is in the 4.5%-5% range.  It has a covered call overlay to enhance the yield to something over 6%.  Seasonality is a factor.  Over the next couple of months we will see interest rates tick up a bit and ZWU-T is interest rate sensitive.  Underfunded pension plans are off the board now and should have a slight negative on ZWU-T, so hold off before nibbling on it.

E.T.F.'s

It is one of his favourite ETFs to play high yielding, less correlating exposure.  Utilities, pipelines and telcoes, 30% US, 70% Canada.  The yield is in the 4.5%-5% range.  It has a covered call overlay to enhance the yield to something over 6%.  Seasonality is a factor.  Over the next couple of months we will see interest rates tick up a bit and ZWU-T is interest rate sensitive.  Underfunded pension plans are off the board now and should have a slight negative on ZWU-T, so hold off before nibbling on it.

E.T.F.'s
Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$12.780
Owned Owned
Unknown

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WATCH
Dollarama Inc.(DOL-T) 

September 17, 2018

In the long term you have to like this story.  He always wants to know when this growth phase ends but has not looked under the hood.  So when a company like this misses, as DOL-T did recently, then does that mean the growth phase has ended, but he does not know today.  You can trade it if you want but if it breaks here it could drop to $35 or to $25.There is not enough evidence right now that it is going to hold.

Consumer Products

In the long term you have to like this story.  He always wants to know when this growth phase ends but has not looked under the hood.  So when a company like this misses, as DOL-T did recently, then does that mean the growth phase has ended, but he does not know today.  You can trade it if you want but if it breaks here it could drop to $35 or to $25.There is not enough evidence right now that it is going to hold.

Consumer Products
Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$42.580
Owned Owned
Unknown

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COMMENT
General Market Comment 

September 17, 2018

ETF to replace registered pension plan.  You have to figure out your risk tolerance.  We are late in the cycle so now is not a good time to strap on a lot of risk.  VGRO-T, VBAL-T, VCNS-T are very low cost ETFs he would recommend otherwise.  Wait for a 20% pull back in global equity markets.

ETF to replace registered pension plan.  You have to figure out your risk tolerance.  We are late in the cycle so now is not a good time to strap on a lot of risk.  VGRO-T, VBAL-T, VCNS-T are very low cost ETFs he would recommend otherwise.  Wait for a 20% pull back in global equity markets.

Unknown
Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$0.020
Owned Owned
Unknown

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COMMENT

ZWB-T vs. ZEB-T.  ZEB-T gives you the max growth of the 6 banks.  ZWB-T enhances your yield and is more defensive.  The covered call strategies have a little higher MER.  The difference between them is the implied volatility. 

E.T.F.'s

ZWB-T vs. ZEB-T.  ZEB-T gives you the max growth of the 6 banks.  ZWB-T enhances your yield and is more defensive.  The covered call strategies have a little higher MER.  The difference between them is the implied volatility. 

E.T.F.'s
Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$19.720
Owned Owned
Unknown

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COMMENT

ZWB-T vs. ZEB-T.  ZEB-T gives you the max growth of the 6 banks.  ZWB-T enhances your yield and is more defensive.  The covered call strategies have a little higher MER.  The difference between them is the implied volatility. 

E.T.F.'s

ZWB-T vs. ZEB-T.  ZEB-T gives you the max growth of the 6 banks.  ZWB-T enhances your yield and is more defensive.  The covered call strategies have a little higher MER.  The difference between them is the implied volatility. 

E.T.F.'s
Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$30.225
Owned Owned
Unknown

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DON'T BUY
Altagas Ltd(ALA-T) 

September 17, 2018

They are making a secondary offering that dilutes the share price.  This stock has been falling for a number of years.  It is a huge dividend payer.  It is unsustainable.  He thinks it has to be cut in a half or a third.  He would not touch it.

oil/gas

They are making a secondary offering that dilutes the share price.  This stock has been falling for a number of years.  It is a huge dividend payer.  It is unsustainable.  He thinks it has to be cut in a half or a third.  He would not touch it.

oil/gas
Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$22.380
Owned Owned
Unknown

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WATCH

Great quality dividend paying stocks with a covered call overlay.  He loves the strategy.  It owns banks, energy companies and insurance companies.  The TSX could fall 3-5% over the next months and that is another place to come into it.

E.T.F.'s

Great quality dividend paying stocks with a covered call overlay.  He loves the strategy.  It owns banks, energy companies and insurance companies.  The TSX could fall 3-5% over the next months and that is another place to come into it.

E.T.F.'s
Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$19.120
Owned Owned
Yes

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N/A
General Market Comment 

September 17, 2018

Educational Segment.  The Longest Bull Market?  It depends on how you measure it.  If you measure it on a close to close basis we have not had a 20% decline since the bottom in 2009.  But if you measure it on a peak to trough basis, we had a 20%+ decline in 2011.  When you buy and sell, what you buy and sell is critical.  We are definitely late in the cycle.  He thinks you need to be cautious.

Educational Segment.  The Longest Bull Market?  It depends on how you measure it.  If you measure it on a close to close basis we have not had a 20% decline since the bottom in 2009.  But if you measure it on a peak to trough basis, we had a 20%+ decline in 2011.  When you buy and sell, what you buy and sell is critical.  We are definitely late in the cycle.  He thinks you need to be cautious.

Unknown
Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$0.020
Owned Owned
Unknown

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DON'T BUY

ZBK-T vs. ZUB-T.  ZBK has exposure with US$ and ZUB has the currency hedged.  He does not love US banks however.

E.T.F.'s

ZBK-T vs. ZUB-T.  ZBK has exposure with US$ and ZUB has the currency hedged.  He does not love US banks however.

E.T.F.'s
Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$28.160
Owned Owned
Unknown

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DON'T BUY

ZBK-T vs. ZUB-T.  ZBK has exposure with US$ and ZUB has the currency hedged.  He does not love US banks however.

E.T.F.'s

ZBK-T vs. ZUB-T.  ZBK has exposure with US$ and ZUB has the currency hedged.  He does not love US banks however.

E.T.F.'s
Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$30.220
Owned Owned
Unknown

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N/A
General Market Comment 

September 10, 2018

Market.  Markets in the US have not responded to trade wars.  We are coming up to mid-term elections and the markets don’t like uncertainty.  These will be volatile months.  It is justified for the US market to do well but there is uncertainty.  Tax reform is being used as a reason for the US market doing well.  They are trying to reintroduce another round of tax reform and it is debatable as to whether this will do well.  There will be volatility in the markets.  It is difficult to say how the markets will react to the mid-term elections. 

Market.  Markets in the US have not responded to trade wars.  We are coming up to mid-term elections and the markets don’t like uncertainty.  These will be volatile months.  It is justified for the US market to do well but there is uncertainty.  Tax reform is being used as a reason for the US market doing well.  They are trying to reintroduce another round of tax reform and it is debatable as to whether this will do well.  There will be volatility in the markets.  It is difficult to say how the markets will react to the mid-term elections. 

Unknown
Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$0.020
Owned Owned
_N/A

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BUY
General Market Comment 

September 10, 2018

Distributions in a rising rate environment.  REITs can raise their rates.  XRE-T can be compared to interest rates.  We saw REITs do well this summer for a seasonal reason.  REIT returns are generally safe even in a rising rate environment.  Distributions are safe but you have to ask if they are attractive in a rising rate environment.

Distributions in a rising rate environment.  REITs can raise their rates.  XRE-T can be compared to interest rates.  We saw REITs do well this summer for a seasonal reason.  REIT returns are generally safe even in a rising rate environment.  Distributions are safe but you have to ask if they are attractive in a rising rate environment.

Unknown
Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$0.020
Owned Owned
Unknown

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BUY
iShares S&P/TSX 60 ETF(XIU-T) 

September 10, 2018

It holds stocks for the S&P Toronto market.  It is an excellent investment but you have to hold more than one investment.  He would recommend also hold a US ETF and perhaps one internationally.  At the end of the show he talks about a world ETF.

investment companies/funds

It holds stocks for the S&P Toronto market.  It is an excellent investment but you have to hold more than one investment.  He would recommend also hold a US ETF and perhaps one internationally.  At the end of the show he talks about a world ETF.

investment companies/funds
Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$23.920
Owned Owned
Unknown

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HOLD
Altagas Ltd(ALA-T) 

September 10, 2018

They sold off a bunch of assets today.  The market is expressing sustainability of the dividend.  It has gone up today as a response, however.  Gas shares tend to do well this time of year.  Today's action is positive.  This is not a bad investment at this time.

oil/gas

They sold off a bunch of assets today.  The market is expressing sustainability of the dividend.  It has gone up today as a response, however.  Gas shares tend to do well this time of year.  Today's action is positive.  This is not a bad investment at this time.

oil/gas
Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$24.340
Owned Owned
Unknown

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Showing 1 to 15 of 2,753 entries
Post Comment

1 Comment

raziel

April 3rd 2015 at 8:48am

My preferrers have come down substantially as a result of lowered bank rates, I believe. Shouldn't an instrument with a fixed rate go UP when bank rates are lowered?


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