Stock Opinions by Lorne Steinberg

Stock Opinions by Lorne Steinberg - Stockchase Experts

Signal	Opinion	Expert	Chart
COMMENT	General Market Comment December 5, 2018 Breaking news: arrest of Huawei's global chief financial officer. Is this bad? No. Appears to relate to breaking sanctions rules. Repercussions tomorrow, if she's violated trade sanctions, are minimal. Only impact is China's reaction. No permanent impact on US or China. Bigger impact might be on Canada, as we try to improve trade with China, we're caught in the middle. 0 0 0 0 0 0 comments	Breaking news: arrest of Huawei's global chief financial officer. Is this bad? No. Appears to relate to breaking sanctions rules. Repercussions tomorrow, if she's violated trade sanctions, are minimal. Only impact is China's reaction. No permanent impact on US or China. Bigger impact might be on Canada, as we try to improve trade with China, we're caught in the middle. Unknown 0 0 0 0 0 0 comments Lorne Steinberg President , Lorne Steinberg Weal... Price $0.000 Owned Unknown	Sign up or Log in to enjoy full view of charts.

BUY	Morgan Stanley(MS-N) December 5, 2018 US banks are on sale right now. Has morphed from global investments to largest wealth manager in US, a very stable business. Trading at 9x earnings. Incredibly well capitalized, stock buybacks, and increasing dividend. Going to be a dividend grower over the next few years. At this valuation, comfortable stepping in. investment companies/funds 0 0 0 0 0 0 comments	US banks are on sale right now. Has morphed from global investments to largest wealth manager in US, a very stable business. Trading at 9x earnings. Incredibly well capitalized, stock buybacks, and increasing dividend. Going to be a dividend grower over the next few years. At this valuation, comfortable stepping in. investment companies/funds 0 0 0 0 0 0 comments Lorne Steinberg President , Lorne Steinberg Weal... Price $0.000 Owned Yes	Sign up or Log in to enjoy full view of charts.
BUY	Goldman Sachs(GS-N) December 5, 2018 Issue in Malaysia, which will cost them money. In grand scheme of things, with all their earnings, won't amount to much. Premier global investment bank, good valuation, whole sector is on sale. You need to buy great businesses when they're on sale. investment companies/funds 0 0 0 0 0 0 comments	Issue in Malaysia, which will cost them money. In grand scheme of things, with all their earnings, won't amount to much. Premier global investment bank, good valuation, whole sector is on sale. You need to buy great businesses when they're on sale. investment companies/funds 0 0 0 0 0 0 comments Lorne Steinberg President , Lorne Steinberg Weal... Price $0.000 Owned Unknown	Sign up or Log in to enjoy full view of charts.
DON'T BUY	Vermilion Energy Inc(VET-T) December 5, 2018 Extremely well run, more conservative company. But to own these companies, you have to be bullish on oil. Shale boom has thrown world oil markets upside down. Not overly bullish on the sector, doesn't own any Canadian companies. No energy company's dividend is safe if oil stays at $50. Global price of oil and pipelines are in trouble equally. oil/gas 0 0 0 0 0 0 comments	Extremely well run, more conservative company. But to own these companies, you have to be bullish on oil. Shale boom has thrown world oil markets upside down. Not overly bullish on the sector, doesn't own any Canadian companies. No energy company's dividend is safe if oil stays at $50. Global price of oil and pipelines are in trouble equally. oil/gas 0 0 0 0 0 0 comments Lorne Steinberg President , Lorne Steinberg Weal... Price $32.650 Owned No	Sign up or Log in to enjoy full view of charts.
BUY on WEAKNESS	Microsoft(MSFT-Q) December 5, 2018 The most expensive stock in his portfolio. No one's been able to unseat Windows, plus Office is now software as a service. Cloud business drives total revenue growth by 19%. Stock is not cheap, but it's such an amazing, well-run company, and you're getting great growth. Only missing piece is they don't have anything in the mobile sector. computer software/processing 0 0 0 0 0 0 comments	The most expensive stock in his portfolio. No one's been able to unseat Windows, plus Office is now software as a service. Cloud business drives total revenue growth by 19%. Stock is not cheap, but it's such an amazing, well-run company, and you're getting great growth. Only missing piece is they don't have anything in the mobile sector. computer software/processing 0 0 0 0 0 0 comments Lorne Steinberg President , Lorne Steinberg Weal... Price $0.000 Owned Yes	Sign up or Log in to enjoy full view of charts.
HOLD	Knight Therapeutics(GUD-T) December 5, 2018 Wait for it or let it go? About 60% of market cap is sitting in cash. CEO is shrewd. He believes in the genius of this CEO, and he respects those who aren't influenced by the market and have a long-term outlook. (Analysts’ price target is $9.99) 0 0 0 0 0 0 comments	Wait for it or let it go? About 60% of market cap is sitting in cash. CEO is shrewd. He believes in the genius of this CEO, and he respects those who aren't influenced by the market and have a long-term outlook. (Analysts’ price target is $9.99) 0 0 0 0 0 0 0 comments Lorne Steinberg President , Lorne Steinberg Weal... Price $8.430 Owned No	Sign up or Log in to enjoy full view of charts.
BUY	Manulife Financial(MFC-T) December 5, 2018 No inside information, but regulator has shut down the issue in the court case, to Manulife's benefit. Canadian insurance companies are very cheap. Manulife has great assets in Asia and US. Sees 10% earnings growth in next couple of years. Compelling, will benefit with rising rates. insurance 0 0 0 0 0 0 comments	No inside information, but regulator has shut down the issue in the court case, to Manulife's benefit. Canadian insurance companies are very cheap. Manulife has great assets in Asia and US. Sees 10% earnings growth in next couple of years. Compelling, will benefit with rising rates. insurance 0 0 0 0 0 0 comments Lorne Steinberg President , Lorne Steinberg Weal... Price $21.660 Owned Yes	Sign up or Log in to enjoy full view of charts.
BUY	Sun Life Financial Inc(SLF-T) December 5, 2018 Largest foreign insurer in India. Great global assets, conservatively managed. Earnings growing at 12-14% for next couple of years. Premier, best run Canadian insurer. Great dividend yield and growing. Compelling investment. insurance 0 0 0 0 0 0 comments	Largest foreign insurer in India. Great global assets, conservatively managed. Earnings growing at 12-14% for next couple of years. Premier, best run Canadian insurer. Great dividend yield and growing. Compelling investment. insurance 0 0 0 0 0 0 comments Lorne Steinberg President , Lorne Steinberg Weal... Price $47.970 Owned Yes	Sign up or Log in to enjoy full view of charts.
BUY	ING Groep NV(ING-N) December 5, 2018 ING vs. Lloyd's Likes ING, it's a purely retail bank in Belgium and the Netherlands. Incredibly well capitalized, seem to have no skeletons in the closet. 4-5% dividend yield, low multiple, very low loan losses. Compelling investment, whole sector's been beaten down. Great opportunity. (Analysts’ price target is $14.19) investment companies/funds 0 0 0 0 0 0 comments	ING vs. Lloyd's Likes ING, it's a purely retail bank in Belgium and the Netherlands. Incredibly well capitalized, seem to have no skeletons in the closet. 4-5% dividend yield, low multiple, very low loan losses. Compelling investment, whole sector's been beaten down. Great opportunity. (Analysts’ price target is $14.19) investment companies/funds 0 0 0 0 0 0 comments Lorne Steinberg President , Lorne Steinberg Weal... Price $0.000 Owned Unknown	Sign up or Log in to enjoy full view of charts.
DON'T BUY	Lloyds Banking Group(LLOY-LN) December 5, 2018 ING vs. Lloyd's Got into trouble in financial crisis. UK-based bank, and the UK is in for a rough ride with Brexit. He'd avoid it. (Analysts’ price target is $74.21) Financial Services 0 0 0 0 0 0 comments	ING vs. Lloyd's Got into trouble in financial crisis. UK-based bank, and the UK is in for a rough ride with Brexit. He'd avoid it. (Analysts’ price target is $74.21) Financial Services 0 0 0 0 0 0 comments Lorne Steinberg President , Lorne Steinberg Weal... Price $0.000 Owned No	Sign up or Log in to enjoy full view of charts.
PAST TOP PICK	Arconic Inc(ARNC-N) December 5, 2018 (A Top Pick Jan 29/18, Down 30%) Possible private equity bid coming. Has 20% earnings growth. Grenville Tower disaster is weighing on the stock. Likes the stock. Fear of lawsuit fallout. He's concerned that the board will sell it too cheaply. 0 0 0 0 0 0 comments	(A Top Pick Jan 29/18, Down 30%) Possible private equity bid coming. Has 20% earnings growth. Grenville Tower disaster is weighing on the stock. Likes the stock. Fear of lawsuit fallout. He's concerned that the board will sell it too cheaply. 0 0 0 0 0 0 0 comments Lorne Steinberg President , Lorne Steinberg Weal... Price $0.000 Owned Yes	Sign up or Log in to enjoy full view of charts.
PAST TOP PICK	Corning Inc(GLW-N) December 5, 2018 (A Top Pick Jan 29/18, Up 2%) Done an amazing job, optical division has great growth. Have a ton of cash, aggressively buying back stock, double-digit dividend increases. Incredibly long term management view, well run, and cheap. misc industrial products 0 0 0 0 0 0 comments	(A Top Pick Jan 29/18, Up 2%) Done an amazing job, optical division has great growth. Have a ton of cash, aggressively buying back stock, double-digit dividend increases. Incredibly long term management view, well run, and cheap. misc industrial products 0 0 0 0 0 0 comments Lorne Steinberg President , Lorne Steinberg Weal... Price $0.000 Owned Yes	Sign up or Log in to enjoy full view of charts.
PAST TOP PICK	Yodogawa Steel(5451-TYO) December 5, 2018 (A Top Pick Jan 29/18, Down 28%) Reflective of Japan. Cash plus receivables accounts for the entire share price, that's how cheap it is. Getting the entire business, which is profitable and pays a dividend, for free. So many incredible values in Japan. Tariffs have put pressure on, and money has fled to go into US dollar because of rise in interest rates. steel 0 0 0 0 0 0 comments	(A Top Pick Jan 29/18, Down 28%) Reflective of Japan. Cash plus receivables accounts for the entire share price, that's how cheap it is. Getting the entire business, which is profitable and pays a dividend, for free. So many incredible values in Japan. Tariffs have put pressure on, and money has fled to go into US dollar because of rise in interest rates. steel 0 0 0 0 0 0 comments Lorne Steinberg President , Lorne Steinberg Weal... Price $0.000 Owned Yes	Sign up or Log in to enjoy full view of charts.
COMMENT	General Market Comment December 5, 2018 Interest rate hikes in US being dialed back a bit. Fed has said they'll focus on the data. There have been trade disruptions, but wage inflation is real. This is a good thing for employees. Bias for interest rates remains upwards. Central banks only impact short-term interest rates, but the bigger impact will be on bond yields rising. 0 0 0 0 0 0 comments	Interest rate hikes in US being dialed back a bit. Fed has said they'll focus on the data. There have been trade disruptions, but wage inflation is real. This is a good thing for employees. Bias for interest rates remains upwards. Central banks only impact short-term interest rates, but the bigger impact will be on bond yields rising. Unknown 0 0 0 0 0 0 comments Lorne Steinberg President , Lorne Steinberg Weal... Price $0.000 Owned Unknown	Sign up or Log in to enjoy full view of charts.
WAIT	Toronto Dominion(TD-T) December 5, 2018 Probably best run retail bank in Canada, one of top 20 in US. Thinks there may be a better entry point. Great company he'd like to own. Lots of respect for management. banks 0 0 0 0 0 0 comments	Probably best run retail bank in Canada, one of top 20 in US. Thinks there may be a better entry point. Great company he'd like to own. Lots of respect for management. banks 0 0 0 0 0 0 comments Lorne Steinberg President , Lorne Steinberg Weal... Price $72.050 Owned No	Sign up or Log in to enjoy full view of charts.

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Stock Opinions by Lorne Steinberg - Stockchase Experts