Stock Opinions by Mario Mainelli, CFA - Stockchase Experts
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Mario Mainelli, CFA @

On Stockchase since : Feb 2018

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http://caldwellinvestment.ca/

Mario Mainelli, CFA Latest Top Picks...

Stock Opinions by Mario Mainelli, CFA - Stockchase Experts


Signal Opinion Expert Chart
COMMENT

Strong earnings from the SYP 500 and a strong economy bode well, but on the flipside are rising rates and expectations of inflation. This bull market is still going, but when does it end? Oil is holding above $70 a barrel and helps the Canadian market, but NAFTA uncertainty, mortgate rules and household debt are concerns. Add to this the Vancouver and Toronto housing bubbles. Higher volatility is actually good for stockpickers--opportunities. Watch the yield curve. There's no consensus about when a recession will happen.

Strong earnings from the SYP 500 and a strong economy bode well, but on the flipside are rising rates and expectations of inflation. This bull market is still going, but when does it end? Oil is holding above $70 a barrel and helps the Canadian market, but NAFTA uncertainty, mortgate rules and household debt are concerns. Add to this the Vancouver and Toronto housing bubbles. Higher volatility is actually good for stockpickers--opportunities. Watch the yield curve. There's no consensus about when a recession will happen.

Unknown
Mario Mainelli,

Portfolio , Caldwell Investment ...

Price Price
$0.020
Owned Owned
Unknown

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BUY
Microsoft(MSFT-Q) 

May 9, 2018

A lot of investors underestimated their successful shift to the Cloud. They've done an amazing job turning this company around. However, expectations have now risen on this stock.

computer software/processing

A lot of investors underestimated their successful shift to the Cloud. They've done an amazing job turning this company around. However, expectations have now risen on this stock.

computer software/processing
Mario Mainelli,

Portfolio , Caldwell Investment ...

Price Price
$96.940
Owned Owned
Unknown

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DON'T BUY

It's burning through cash, has very high debt, is underdelivering and recently Elon Musk snapped at caller questions. Red flags are everywhere. They still haven't nailed down their level three entry-level car. Definitely don't buy.

It's burning through cash, has very high debt, is underdelivering and recently Elon Musk snapped at caller questions. Red flags are everywhere. They still haven't nailed down their level three entry-level car. Definitely don't buy.

0
Mario Mainelli,

Portfolio , Caldwell Investment ...

Price Price
$306.850
Owned Owned
Unknown

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DON'T BUY
Shopify Inc.(SHOP-T) 

May 9, 2018

He's taken aback by its high multiple and with how fast it's grown. He's skeptical when companies grow this quickly. He applauds there being a Canadian tech company, because there are so few, but there's no room for error. One earnings miss will hurt them badly.

He's taken aback by its high multiple and with how fast it's grown. He's skeptical when companies grow this quickly. He applauds there being a Canadian tech company, because there are so few, but there's no room for error. One earnings miss will hurt them badly.

0
Mario Mainelli,

Portfolio , Caldwell Investment ...

Price Price
$187.600
Owned Owned
Unknown

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COMMENT

It's done better than expected. Relies on consumers spending thousands on a coat, but he's impressed they've expanded their product line. Caveat: their multiple is high, and he's wary of high multiples in the retail space.

clothing

It's done better than expected. Relies on consumers spending thousands on a coat, but he's impressed they've expanded their product line. Caveat: their multiple is high, and he's wary of high multiples in the retail space.

clothing
Mario Mainelli,

Portfolio , Caldwell Investment ...

Price Price
$48.080
Owned Owned
Unknown

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BUY

Likes it. A lot of companies, like banks, have outdated computer systems--which CGI updated--so there's a long runway of growth for CGI. He's held this for a long while.

consulting

Likes it. A lot of companies, like banks, have outdated computer systems--which CGI updated--so there's a long runway of growth for CGI. He's held this for a long while.

consulting
Mario Mainelli,

Portfolio , Caldwell Investment ...

Price Price
$77.780
Owned Owned
Yes

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DON'T BUY
Walt Disney(DIS-N) 

May 9, 2018

They get lumped in with other companies over with cord-cutting fears, but Disney is better positioned given their theme parks and movies. However, segments like ESPN have seen pressure. Overall, avoid this.

entertainment services

They get lumped in with other companies over with cord-cutting fears, but Disney is better positioned given their theme parks and movies. However, segments like ESPN have seen pressure. Overall, avoid this.

entertainment services
Mario Mainelli,

Portfolio , Caldwell Investment ...

Price Price
$99.970
Owned Owned
Unknown

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DON'T BUY

They capitalized early on the athletic leisure trend, but can they continue to command consumer interest at the prices they charge? Competitors charge lower prices for similar product--and consumers are fickle.

household goods

They capitalized early on the athletic leisure trend, but can they continue to command consumer interest at the prices they charge? Competitors charge lower prices for similar product--and consumers are fickle.

household goods
Mario Mainelli,

Portfolio , Caldwell Investment ...

Price Price
$98.960
Owned Owned
Unknown

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BUY
Amazon.com(AMZN-Q) 

May 9, 2018

There are many strong catalysts going forward: their Cloud, Amazon Prime and, especially now, advertising segments. A solid stock.

specialty stores

There are many strong catalysts going forward: their Cloud, Amazon Prime and, especially now, advertising segments. A solid stock.

specialty stores
Mario Mainelli,

Portfolio , Caldwell Investment ...

Price Price
$1608.000
Owned Owned
Unknown

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COMMENT

All Canadian banks suffer uncertainty from housing bubble fears and so are performing weaker compared to the US banks. He'd rather buy Bank of Nova Scotia for their Latin American exposure, because of the strong growth in those countries.

banks

All Canadian banks suffer uncertainty from housing bubble fears and so are performing weaker compared to the US banks. He'd rather buy Bank of Nova Scotia for their Latin American exposure, because of the strong growth in those countries.

banks
Mario Mainelli,

Portfolio , Caldwell Investment ...

Price Price
$62.560
Owned Owned
Unknown

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BUY

All Canadian banks suffer uncertainty from housing bubble fears and so are performing weaker compared to the US banks. In Canada, he'd buy Bank of Nova Scotia for their Latin American exposure, because of the strong growth in those countries.

banks

All Canadian banks suffer uncertainty from housing bubble fears and so are performing weaker compared to the US banks. In Canada, he'd buy Bank of Nova Scotia for their Latin American exposure, because of the strong growth in those countries.

banks
Mario Mainelli,

Portfolio , Caldwell Investment ...

Price Price
$80.000
Owned Owned
Unknown

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COMMENT

An auto supplier. The auto companies are trading well, so the suppliers will get rated up. Be careful of a value trap, since AXL trades at 4x forward earnings. Make sure they're well-positioned.

Automotive

An auto supplier. The auto companies are trading well, so the suppliers will get rated up. Be careful of a value trap, since AXL trades at 4x forward earnings. Make sure they're well-positioned.

Automotive
Mario Mainelli,

Portfolio , Caldwell Investment ...

Price Price
$14.920
Owned Owned
Unknown

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COMMENT

Higher oil prices may discourage people from driving which could pressure PKI since a large part of their business is running gas stations. That said, their margins are growing as they expand in scale from recent acquisitions.

merchandising/lodging

Higher oil prices may discourage people from driving which could pressure PKI since a large part of their business is running gas stations. That said, their margins are growing as they expand in scale from recent acquisitions.

merchandising/lodging
Mario Mainelli,

Portfolio , Caldwell Investment ...

Price Price
$31.300
Owned Owned
Unknown

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COMMENT

He's skeptical of biotechs, especially small-cap, because their new products either get approved or not. An investor really must study this industry well to understand it. He doesn't invest in this space.

He's skeptical of biotechs, especially small-cap, because their new products either get approved or not. An investor really must study this industry well to understand it. He doesn't invest in this space.

0
Mario Mainelli,

Portfolio , Caldwell Investment ...

Price Price
$7.960
Owned Owned
Unknown

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DON'T BUY
BCE Inc.(BCE-T) 

May 9, 2018

The telecoms are interest-rate senstitive so they have struggled lately. Also, this industry quickly changes: cable-cutting, cutting home phones. He avoids this space. He can't see what will happen in this industry in the future. BCE is a good dividend play, though.

telephone utilities

The telecoms are interest-rate senstitive so they have struggled lately. Also, this industry quickly changes: cable-cutting, cutting home phones. He avoids this space. He can't see what will happen in this industry in the future. BCE is a good dividend play, though.

telephone utilities
Mario Mainelli,

Portfolio , Caldwell Investment ...

Price Price
$53.280
Owned Owned
Unknown

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