Stock Opinions by Lorne Steinberg

Stock Opinions by Lorne Steinberg - Stockchase Experts

Signal	Opinion	Expert	Chart
COMMENT	General Market Comment March 26, 2019 Perception that global growth is slowing. There will be a recession, he just doesn't know when. Looks like global economy has peaked. Debt levels are at record highs. Feds have taken a breather and given markets a boost. Policy makers don't have a lot of arrows in the quiver now. He never tries to guess where the economy is going, there are too many permutations and combinations. 0 0 0 0 0 0 comments	Perception that global growth is slowing. There will be a recession, he just doesn't know when. Looks like global economy has peaked. Debt levels are at record highs. Feds have taken a breather and given markets a boost. Policy makers don't have a lot of arrows in the quiver now. He never tries to guess where the economy is going, there are too many permutations and combinations. 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.

COMMENT	General Market Comment March 26, 2019 Yield curve inverting. He doesn't like to say because of A, then B will happen. Bond markets have already reacted by knocking rates down. Who knows if yield curve will stay inverted for a long time. Globally, investors aren't afraid to buy Spanish and Greek low-interest credits anymore. German yields are 0 or negative, so the idea is just to not take on any risk. We don't see deflation around the corner. 0 0 0 0 0 0 comments	Yield curve inverting. He doesn't like to say because of A, then B will happen. Bond markets have already reacted by knocking rates down. Who knows if yield curve will stay inverted for a long time. Globally, investors aren't afraid to buy Spanish and Greek low-interest credits anymore. German yields are 0 or negative, so the idea is just to not take on any risk. We don't see deflation around the corner. 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.
HOLD	Unilever PLC(UL-N) March 26, 2019 Phenomenal global consumer company. Suffering a bit with the industry, but revenue is still outperforming. Tighter margins. Decent defensive stock, but don't expect much earnings growth over the next few years. food processing 0 0 0 0 0 0 comments	Phenomenal global consumer company. Suffering a bit with the industry, but revenue is still outperforming. Tighter margins. Decent defensive stock, but don't expect much earnings growth over the next few years. food processing 0 0 0 0 0 0 comments Lorne Steinberg President , Lorne Steinberg Weal... Price $57.830 Owned Unknown	Sign up or Log in to enjoy full view of charts.
WAIT	Starbucks(SBUX-Q) March 26, 2019 Phenomenal company. Stock is not cheap here. Facing competition, especially from McDonald's. Great business, but not a great entry point. food services 0 0 0 0 0 0 comments	Phenomenal company. Stock is not cheap here. Facing competition, especially from McDonald's. Great business, but not a great entry point. food services 0 0 0 0 0 0 comments Lorne Steinberg President , Lorne Steinberg Weal... Price $72.960 Owned Unknown	Sign up or Log in to enjoy full view of charts.
DON'T BUY	AT&T(T-N) March 26, 2019 US telcos are having a tough time. Lot more pricing competition. Battling to get into video. Increasing debt over the years, can't get growth, questionable acquisitions. He's stayed away. No dividend growth from here. Telecommunications 0 0 0 0 0 0 comments	US telcos are having a tough time. Lot more pricing competition. Battling to get into video. Increasing debt over the years, can't get growth, questionable acquisitions. He's stayed away. No dividend growth from here. Telecommunications 0 0 0 0 0 0 comments Lorne Steinberg President , Lorne Steinberg Weal... Price $31.390 Owned No	Sign up or Log in to enjoy full view of charts.
HOLD	Allstate(ALL-N) March 26, 2019 Through thick and thin, has been able to generate free cash flow and reduced their share count by over 50%, which is astounding. Raised dividend. Operating ratio is well below 100%. North American leader. Efficient. insurance 0 0 0 0 0 0 comments	Through thick and thin, has been able to generate free cash flow and reduced their share count by over 50%, which is astounding. Raised dividend. Operating ratio is well below 100%. North American leader. Efficient. insurance 0 0 0 0 0 0 comments Lorne Steinberg President , Lorne Steinberg Weal... Price $94.100 Owned Yes	Sign up or Log in to enjoy full view of charts.
WAIT	Applied Materials(AMAT-Q) March 26, 2019 Very cyclical. Earnings cycle turning down, so looks like earnings could fall significantly over the next year or two. Wait on this. electrical/electronic 0 0 0 0 0 0 comments	Very cyclical. Earnings cycle turning down, so looks like earnings could fall significantly over the next year or two. Wait on this. electrical/electronic 0 0 0 0 0 0 comments Lorne Steinberg President , Lorne Steinberg Weal... Price $39.630 Owned Unknown	Sign up or Log in to enjoy full view of charts.
COMMENT	Express Scripts Inc(ESRX-Q) March 26, 2019 Merged with Cigna, an insurer. Whole sector is under pressure because of a recent announcement. Important area which helps keep medical expenses low. He's looking at the sector. wholesale distributors 0 0 0 0 0 0 comments	Merged with Cigna, an insurer. Whole sector is under pressure because of a recent announcement. Important area which helps keep medical expenses low. He's looking at the sector. wholesale distributors 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.
WATCH	Cigna Corp.(CI-N) March 26, 2019 Merged with Express Scripts. Whole sector is under pressure because of a recent announcement. Important area which helps keep medical expenses low. He's looking at the sector. Financial Services 0 0 0 0 0 0 comments	Merged with Express Scripts. Whole sector is under pressure because of a recent announcement. Important area which helps keep medical expenses low. He's looking at the sector. Financial Services 0 0 0 0 0 0 comments Lorne Steinberg President , Lorne Steinberg Weal... Price $160.740 Owned Unknown	Sign up or Log in to enjoy full view of charts.
COMMENT	Toronto Dominion(TD-T) March 26, 2019 Canadian consumer debt close to an all-time high. Haven't seen the big housing downturn. Mortgages are huge business for them. If we see sustained housing decline, it will have a negative impact. Would take something major for any Canadian bank to take a hit to earnings. A major bank has never decreased its dividend, and you're not going to see it anytime soon. banks 0 0 0 0 0 0 comments	Canadian consumer debt close to an all-time high. Haven't seen the big housing downturn. Mortgages are huge business for them. If we see sustained housing decline, it will have a negative impact. Would take something major for any Canadian bank to take a hit to earnings. A major bank has never decreased its dividend, and you're not going to see it anytime soon. banks 0 0 0 0 0 0 comments Lorne Steinberg President , Lorne Steinberg Weal... Price $73.670 Owned Unknown	Sign up or Log in to enjoy full view of charts.
BUY	ING Groep NV(ING-N) March 26, 2019 Suffering from European malaise, plus flat or inverted yield curve. Earnings are very strong, dividend is very attractive, north of 5%, and well covered. Tends to stay out of trouble, retail bank. Great stock with a great dividend. Time to buy is now, when it has a single digit multiple. Solving Brexit should be a positive for European stocks in general. investment companies/funds 0 0 0 0 0 0 comments	Suffering from European malaise, plus flat or inverted yield curve. Earnings are very strong, dividend is very attractive, north of 5%, and well covered. Tends to stay out of trouble, retail bank. Great stock with a great dividend. Time to buy is now, when it has a single digit multiple. Solving Brexit should be a positive for European stocks in general. investment companies/funds 0 0 0 0 0 0 comments Lorne Steinberg President , Lorne Steinberg Weal... Price $11.890 Owned Unknown	Sign up or Log in to enjoy full view of charts.
BUY	Royal Dutch Shell PLC (A)(RDS.A-N) March 26, 2019 Buys for new clients. 6% dividend. Profitable at $50 oil. Generates so much cash flow, deleveraging balance sheet, buying back stock, and making investments. integrated oils 0 0 0 0 0 0 comments	Buys for new clients. 6% dividend. Profitable at $50 oil. Generates so much cash flow, deleveraging balance sheet, buying back stock, and making investments. integrated oils 0 0 0 0 0 0 comments Lorne Steinberg President , Lorne Steinberg Weal... Price $63.200 Owned Yes	Sign up or Log in to enjoy full view of charts.
PAST TOP PICK	Goldman Sachs(GS-N) March 26, 2019 (A Top Pick Apr 09/18, Down 23%) Yield curve inversion has put banks out of favour. Malaysia scandal is weighing on the stock. World's best investment bank, at a single digit multiple, looks compelling. investment companies/funds 0 0 0 0 0 0 comments	(A Top Pick Apr 09/18, Down 23%) Yield curve inversion has put banks out of favour. Malaysia scandal is weighing on the stock. World's best investment bank, at a single digit multiple, looks compelling. investment companies/funds 0 0 0 0 0 0 comments Lorne Steinberg President , Lorne Steinberg Weal... Price $190.690 Owned Yes	Sign up or Log in to enjoy full view of charts.
PAST TOP PICK	Cisco(CSCO-Q) March 26, 2019 (A Top Pick Apr 09/18, Up 33%) Phenomenal free cash flow. Moving into security, which is a massive area. Buying back shares, and increasing dividend by 10% a year. Likes it, but not as cheap as it was. 20x earnings. Margins are staying hefty. He focuses on valuation, and makes sure not to outstay their welcome if things get too pricey. electrical/electronic 0 0 0 0 0 0 comments	(A Top Pick Apr 09/18, Up 33%) Phenomenal free cash flow. Moving into security, which is a massive area. Buying back shares, and increasing dividend by 10% a year. Likes it, but not as cheap as it was. 20x earnings. Margins are staying hefty. He focuses on valuation, and makes sure not to outstay their welcome if things get too pricey. electrical/electronic 0 0 0 0 0 0 comments Lorne Steinberg President , Lorne Steinberg Weal... Price $53.230 Owned Yes	Sign up or Log in to enjoy full view of charts.
PAST TOP PICK	Nippon Pillar Packing(6490-TYO) March 26, 2019 (A Top Pick Apr 09/18, Down 12%) Japanese small caps fell during last quarter. Great rally so far this year. Extremely cheap stock. Japanese stocks have been responsible for a good chunk of his portfolio's performance. Compelling market as a whole. Have to stick with them despite the volatility. INDUSTRIAL PRODUCTS 0 0 0 0 0 0 comments	(A Top Pick Apr 09/18, Down 12%) Japanese small caps fell during last quarter. Great rally so far this year. Extremely cheap stock. Japanese stocks have been responsible for a good chunk of his portfolio's performance. Compelling market as a whole. Have to stick with them despite the volatility. INDUSTRIAL PRODUCTS 0 0 0 0 0 0 comments Lorne Steinberg President , Lorne Steinberg Weal... Price $1300.000 Owned Yes	Sign up or Log in to enjoy full view of charts.

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Stock Opinions by Lorne Steinberg - Stockchase Experts