Opinions by Wolfgang Klein | StockChase
23
Wolfgang Klein

Senior investment advisor

ON STOCKCHASE SINCE May 2018

Canaccord Genuity Wealth Management


Opinions by Wolfgang Klein


Signal Opinion Expert Chart
COMMENT
General Market Comment 

May 28, 2018

Oil falls below $70: he still has hope in Canada, even though geopolitics haven't improved and foregin capital hasn't returned here. If you buy Canadian oil, buy stocks with exposure to the U.S., like Vermillion. Saudi Arabia still has
power over the oil sector, as does Russia, and now America which now has an export market available to them. Canadian banks' mortgage books will be scrutinized going forward, though wealth management continues to deliver returns. Consumer debt is a headwind but it's offset by corporate lending. He's used volatility to trade HMMJ (the cannabis ETF) at a profit. The party's not over--these companies have to turn a profit after legalization,.

Oil falls below $70: he still has hope in Canada, even though geopolitics haven't improved and foregin capital hasn't returned here. If you buy Canadian oil, buy stocks with exposure to the U.S., like Vermillion. Saudi Arabia still has
power over the oil sector, as does Russia, and now America which now has an export market available to them. Canadian banks' mortgage books will be scrutinized going forward, though wealth management continues to deliver returns. Consumer debt is a headwind but it's offset by corporate lending. He's used volatility to trade HMMJ (the cannabis ETF) at a profit. The party's not over--these companies have to turn a profit after legalization,.

Unknown
Wolfgang Klein

Senior inv, Canaccord Genuity We...

Price Price
$0.020
Owned Owned
Unknown

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DON'T BUY
Altagas Ltd(ALA-T) 

May 28, 2018

It's trading at a 6-year-low, though it's showing good fundamental value. These are capital-rich projects they're involved in, so the ROE is very low, in this case 3%. You buy this for the dividend, which he thinks is safe. Continue to hold it. He's not a fan of interest-sensitive stocks, so no pipelines or utilities.

oil/gas

It's trading at a 6-year-low, though it's showing good fundamental value. These are capital-rich projects they're involved in, so the ROE is very low, in this case 3%. You buy this for the dividend, which he thinks is safe. Continue to hold it. He's not a fan of interest-sensitive stocks, so no pipelines or utilities.

oil/gas
Wolfgang Klein

Senior inv, Canaccord Genuity We...

Price Price
$24.900
Owned Owned
No

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WATCH

It's expensive now. It has a decent balance sheet and they know what they're doing as they expand. But the stock is stuck around $50 and doesn't excite him. It's dead money. Thin profit margins in this business at 2.9%.

food stores

It's expensive now. It has a decent balance sheet and they know what they're doing as they expand. But the stock is stuck around $50 and doesn't excite him. It's dead money. Thin profit margins in this business at 2.9%.

food stores
Wolfgang Klein

Senior inv, Canaccord Genuity We...

Price Price
$54.490
Owned Owned
No

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COMMENT

It's a winner. It's working, but he can't figure it out. He's rather own Google or Amazon--online companies he knows and understands.

It's a winner. It's working, but he can't figure it out. He's rather own Google or Amazon--online companies he knows and understands.

0
Wolfgang Klein

Senior inv, Canaccord Genuity We...

Price Price
$199.200
Owned Owned
No

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BUY
Bank of America(BAC-N) 

May 28, 2018

He's long BAC and prefers US to Canadian banks. Expect share buybacks by BAC for the next five years. There's a long runway here.

banks

He's long BAC and prefers US to Canadian banks. Expect share buybacks by BAC for the next five years. There's a long runway here.

banks
Wolfgang Klein

Senior inv, Canaccord Genuity We...

Price Price
$30.160
Owned Owned
Yes

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DON'T BUY
Cascades Inc(CAS-T) 

May 28, 2018

He doesn't like stocks trading at 52-week lows. At some point, you have to cut this stock out or close your eyes and wait for a recovery. 

east coast forestry

He doesn't like stocks trading at 52-week lows. At some point, you have to cut this stock out or close your eyes and wait for a recovery. 

east coast forestry
Wolfgang Klein

Senior inv, Canaccord Genuity We...

Price Price
$12.410
Owned Owned
Unknown

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DON'T BUY
Celgene Corp(CELG-Q) 

May 28, 2018

Not cheap, based on its historic valuation. Fundamentally, it's a good business, but its chart is unhealthy. Healthcare should be in any portfolio and this is a quality company. But Celgene ranks near the bottom of his medical/health stocks, 45 out of 49.

Consumer Products

Not cheap, based on its historic valuation. Fundamentally, it's a good business, but its chart is unhealthy. Healthcare should be in any portfolio and this is a quality company. But Celgene ranks near the bottom of his medical/health stocks, 45 out of 49.

Consumer Products
Wolfgang Klein

Senior inv, Canaccord Genuity We...

Price Price
$78.630
Owned Owned
No

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COMMENT

Terrible product in his opinion. But this is a tech stock, not food. Domino leads the space in food apps and logistics They have a lot of runway. He's intrigued by this. Technically, it looks good as it makes an all-time high.

food services

Terrible product in his opinion. But this is a tech stock, not food. Domino leads the space in food apps and logistics They have a lot of runway. He's intrigued by this. Technically, it looks good as it makes an all-time high.

food services
Wolfgang Klein

Senior inv, Canaccord Genuity We...

Price Price
$250.340
Owned Owned
No

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TOP PICK

It's an advertising machine. They continue to grow at a 20 clip. It's a core holding. A great value stock. It has a 50% market share in online advertising. (Analysts' price target: $1245.88)

Business Services

It's an advertising machine. They continue to grow at a 20 clip. It's a core holding. A great value stock. It has a 50% market share in online advertising. (Analysts' price target: $1245.88)

Business Services
Wolfgang Klein

Senior inv, Canaccord Genuity We...

Price Price
$1084.080
Owned Owned
Yes

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BUY

He'd rather buy HMMJ--individual companies are too volatile. Looking ahead: the price of bud will go lower. The next stage is profitability, especially when the big banks get involved. That will be a game-changer and exciting, but this will take time.

E.T.F.'s

He'd rather buy HMMJ--individual companies are too volatile. Looking ahead: the price of bud will go lower. The next stage is profitability, especially when the big banks get involved. That will be a game-changer and exciting, but this will take time.

E.T.F.'s
Wolfgang Klein

Senior inv, Canaccord Genuity We...

Price Price
$17.890
Owned Owned
Yes

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WATCH
Inter Pipeline(IPL-T) 

May 28, 2018

He doesn't like pipelines for their interest-rate sensitivity. This is a decent name, but he wouldn't rush out and buy it. Keep it on your watch list. Below its current $24 share price is not bad.

oil pipelines

He doesn't like pipelines for their interest-rate sensitivity. This is a decent name, but he wouldn't rush out and buy it. Keep it on your watch list. Below its current $24 share price is not bad.

oil pipelines
Wolfgang Klein

Senior inv, Canaccord Genuity We...

Price Price
$23.940
Owned Owned
No

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BUY
Kinaxis Inc(KXS-T) 

May 28, 2018

It's alwasy been an expensive stock. He doesn't like Canadian tech stocks, but this is an amazing company. They're involved in supply chain management. Their software bolts onto existing companies well. This is a winning story and he likes it.

It's alwasy been an expensive stock. He doesn't like Canadian tech stocks, but this is an amazing company. They're involved in supply chain management. Their software bolts onto existing companies well. This is a winning story and he likes it.

0
Wolfgang Klein

Senior inv, Canaccord Genuity We...

Price Price
$83.860
Owned Owned
Unknown

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TOP PICK
Moody's Corp.(MCO-N) 

May 28, 2018

A bond-rating agency. Ranks near the top of his list. Not a cheap stock, but you pay for quality. (Analysts' price target: $180.00)

Financial Services

A bond-rating agency. Ranks near the top of his list. Not a cheap stock, but you pay for quality. (Analysts' price target: $180.00)

Financial Services
Wolfgang Klein

Senior inv, Canaccord Genuity We...

Price Price
$174.030
Owned Owned
Yes

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COMMENT
3M Co.(MMM-N) 

May 28, 2018

It's a quality business that he really likes. Don't buy today. Buy a half position at a lower price than today, and if it falls further, buy a second and final position. Trades at 19x forward earnings so it's a ittle pricier than the overal market. It should hold current levels, though pay attention if it breaks $200. If you buy some shares today and go away for 10 years, you'll make money.

mngmnt/diversified

It's a quality business that he really likes. Don't buy today. Buy a half position at a lower price than today, and if it falls further, buy a second and final position. Trades at 19x forward earnings so it's a ittle pricier than the overal market. It should hold current levels, though pay attention if it breaks $200. If you buy some shares today and go away for 10 years, you'll make money.

mngmnt/diversified
Wolfgang Klein

Senior inv, Canaccord Genuity We...

Price Price
$199.030
Owned Owned
Unknown

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TOP PICK
MSCI Inc.(MSCI-N) 

May 28, 2018

A little-known financial services company. Not a cheap valuation, but you pay for quality. It has an amazing chart. They have little competition. You play the financial markets without buying a fiancial. They have a lot of runway ahead of them. (Analysts' price target: $152.17)

Financial Services

A little-known financial services company. Not a cheap valuation, but you pay for quality. It has an amazing chart. They have little competition. You play the financial markets without buying a fiancial. They have a lot of runway ahead of them. (Analysts' price target: $152.17)

Financial Services
Wolfgang Klein

Senior inv, Canaccord Genuity We...

Price Price
$159.340
Owned Owned
Yes

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