Opinions by William Chin | StockChase
148
William Chin

Portfolio manager

ON STOCKCHASE SINCE May 2016

Caldwell Investment Management


Opinions by William Chin


Signal Opinion Expert Chart

2017-10-20

N/A
A Comment -- General Comments From an Expert 

Market.We are now starting to get economic data that suggests the consumer is not quite as robust as they once were. Today the August retail sales report came out, which is consumer spending. It fell .3% after a .4% gain in July, and excludes cars and auto parts, which are more volatile, so we are looking at core consumer spending, which actually fell .7%. In July it was up .2%. The economy is taking a sharp turn for the worst. The economy has been carried by the consumer and the housing market for a long time. You would want to have a moderate housing correction, and hopefully energy exports can pick up. Maybe crude oil prices are stabilizing which would help. Our exports have been falling for 3 months in a row, and in those 3 months, we lost 10% of our exports. That is due to a very strong Cdn$ due to the 2 rapid rate hikes. Taking back the emergency rate cuts is totally justifiable, but doing that in a hurry will have a larger than expected impact. Element of surprise has always been the strongest tool in the Central Banks toolbox. He can’t see any reason for them to raise rates further.

William Chin

Portfolio manager, Caldwell Investment Management

Price: $0.020
Owned: _N/A

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2017-10-20

PARTIAL SELL
Air Canada (AC-T)

Has done very well, but is overbought on the chart. If you own, sell half or a 3rd, which will improve your average cost and you will be much better protected.

Transportation
William Chin

Portfolio manager, Caldwell Investment Management

Price: $26.200
Owned: No

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2017-10-20

PAST TOP PICK
AGT Food & Ingredients (AGT-T)

(A Top Pick Sept 16/16. Down 41%.) Had supply disruptions, and were having a tough time stocking up shelves to meet demand. Management kept saying things would improve, but he didn’t see it so he sold. Looks like there is more room to go on the downside. Dividend yield of 2.9%.

agriculture
William Chin

Portfolio manager, Caldwell Investment Management

Price: $20.720
Owned: No

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2017-10-20

COMMENT
Aecon Group Inc (ARE-T)

Chart shows a series of higher lows, but no higher highs. Like all construction stocks, this is very volatile. 2 words of advice. 1.) Don’t put too much of your portfolio into a stock like this. 2.) If there is good news and the stock picks up, remember to take your profits. Dividend yield of 3%.

contractors
William Chin

Portfolio manager, Caldwell Investment Management

Price: $16.340
Owned: Unknown

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2017-10-20

COMMENT
Bank of Montreal (BMO-T)

Chart shows a Bull/Flat formation. The top of the flat is represented by disbelievers, people who don’t want the stock and are taking advantage of rallies and selling their position. The key on this is that it has broken out. The buyers are actually winning. That means it will likely go higher. There is a decent chance that this can reach the recent high and go a little higher. There is a nice little bull/flag formation.

banks
William Chin

Portfolio manager, Caldwell Investment Management

Price: $98.760
Owned: Unknown

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2017-10-20

COMMENT
CAE Inc (CAE-T)

Chart shows a nice series of higher highs and higher lows from the beginning of 2016. They also have some new contracts coming. Defence companies can continue to do quite well moving forward. Keep an eye on it and make sure it continues having a higher highs and higher lows. 1.7% dividend yield.

transportation equip & components
William Chin

Portfolio manager, Caldwell Investment Management

Price: $21.970
Owned: Unknown

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2017-10-20

SELL
CCL Industries (B) (CCL.B-T)

Specializes in labels and have been acquiring mom-and-pop operators. A very successful business model of acquisitions. Because it was getting a little pricey, he recently sold his holdings. If you own, take your profit and run.

packaging/containers
William Chin

Portfolio manager, Caldwell Investment Management

Price: $63.580
Owned: No

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2017-10-20

BUY
Celgene Corp (CELG-Q)

This is revisiting old highs, which is a very bullish sign. In this case, it actually broke above its old highs. The current correction seems very healthy as long as it continues making higher lows. Add to your position, but keep a Stop at around $110.

Consumer Products
William Chin

Portfolio manager, Caldwell Investment Management

Price: $121.330
Owned: Unknown

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2017-10-20

COMMENT
Chorus Aviation Inc (CHR-T)

Just added to his position. He loves it and thinks it is going higher. The fundamental analyst from his shop indicates there is still a lot of value to be unlocked. Only trading at 9X forward earnings.

Transportation & Environmental Services
William Chin

Portfolio manager, Caldwell Investment Management

Price: $8.770
Owned: Yes

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2017-10-20

COMMENT
Cargojet Inc (CJT-T)

He recently just added to his holdings. It has a very good business model. Chart shows a bull/flag formation with nonbelievers selling, but the stock continuing to go higher. It looks very good. The company has a lot of runway left.

Transportation & Environmental Services
William Chin

Portfolio manager, Caldwell Investment Management

Price: $51.700
Owned: Yes

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2017-10-20

COMMENT
Canadian Imperial Bank of Commerce (CM-T)

This has done reasonably well. As we know, banks are a protected species in Canada. Chart is showing a series of higher lows and higher highs, and feels this could go a little higher. The chart looks pretty good.

banks
William Chin

Portfolio manager, Caldwell Investment Management

Price: $112.580
Owned: Unknown

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2017-10-20

COMMENT
Chartwell Seniors Housing (CSH.UN-T)

One of those defensive stocks, and of course the secular trend works; aging demographics, baby growers retiring. Chart shows the stock is in an up channel. Take your profits at the top of the channel and maybe buy when it is at the bottom of the channel. You are in a very good space on this one.

property mngmnt/investment
William Chin

Portfolio manager, Caldwell Investment Management

Price: $15.210
Owned: Unknown

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2017-10-20

COMMENT
Wisdom Tree Japan Hedged Equity (DXJ-N)

A hedge is always good. It means you are not taking currency risks. However, this is traded in US$. As a Canadian investor you still have US$ exposure. The hedge is between the US$ and the Japanese yen, not against the Cdn$. Chart shows it has had a pretty good run up, but there is resistance at around $60. The Japanese economy is not exactly firing on all cylinders. Japan is still suffering from deflation and very sluggish growth because of Asian demographics among other things. If you have some profits on this, make sure you take some.

E.T.F.'s
William Chin

Portfolio manager, Caldwell Investment Management

Price: $56.740
Owned: Unknown

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2017-10-20

SELL ON STRENGTH
Enbridge Income Fund Holdings (ENF-T)

Hold or Sell?He doesn’t follow this closely, but the chart shows that $25 is a very important support. It also shows a bit of a rounded top. Use any small rally to sell your position. 6.6% dividend yield.

oil/gas
William Chin

Portfolio manager, Caldwell Investment Management

Price: $30.200
Owned: Unknown

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2017-10-20

SELL
General Electric (GE-N)

The stock went down on the open, but then rallied back. His rule is that if values go down and then can rally back, it usually means Shorts are covering. The question going forward then is, did we close at a higher price than yesterday or is the closing price high enough to indicate new buyers coming in. He wanted this to close above $24, but it didn’t, so it looks like the downward trend will continue.

electrical/electronic
William Chin

Portfolio manager, Caldwell Investment Management

Price: $23.830
Owned: Unknown

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