Stock Opinions by Mike Philbrick - Stockchase Experts
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On Stockchase since : Jun 2018

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Stock Opinions by Mike Philbrick - Stockchase Experts


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General Market Comment 

July 30, 2018

Market.  The trend in Tech is still up.  There has been a change in the character of the volatility since February.  Of particular interest in the sector is the concentration.  The top 5 stocks in terms of market cap on the S&P are the same market cap as the bottom 282 stocks by market cap.  Tech indexes are concentrated in the largest 5.  That leads to unintended consequences when managing risk.  You are not getting the expected diversification.  You want several sources of return that are unique and different.  The indices that had a big piece of FB-Q had a big drop on the day FB-Q dropped.  You should look at ETFs that don't let this concentration happen.

Market.  The trend in Tech is still up.  There has been a change in the character of the volatility since February.  Of particular interest in the sector is the concentration.  The top 5 stocks in terms of market cap on the S&P are the same market cap as the bottom 282 stocks by market cap.  Tech indexes are concentrated in the largest 5.  That leads to unintended consequences when managing risk.  You are not getting the expected diversification.  You want several sources of return that are unique and different.  The indices that had a big piece of FB-Q had a big drop on the day FB-Q dropped.  You should look at ETFs that don't let this concentration happen.

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Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$0.020
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General Market Comment 

July 30, 2018

Oil ETF Recommendation.  The IXC-N gives exposure in the US.  He prefers to invest in producers than the commodity. 

Oil ETF Recommendation.  The IXC-N gives exposure in the US.  He prefers to invest in producers than the commodity. 

Unknown
Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$0.020
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BUY
General Market Comment 

July 30, 2018

Where to put $200K cash besides Banks in Canada, Utilities and European dividends.  Add REITs for their inflation hedge, XRE-T and ZRE-T are good, but XRE-T is equal weight so gives you less concentration and more diversification.  Consider also something more global. 

Where to put $200K cash besides Banks in Canada, Utilities and European dividends.  Add REITs for their inflation hedge, XRE-T and ZRE-T are good, but XRE-T is equal weight so gives you less concentration and more diversification.  Consider also something more global. 

Unknown
Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$0.020
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General Market Comment 

July 30, 2018

Millennium Investor – ETF vs. Mutual Find.  The ETF is an evolution in technology.  Their management fees tend to be lower.  A mutual fund is not different in its structure.  If you want some exposure to something and there is no ETF then you can consider a mutual fund.  ETFs trade intraday vs. Mutual Funds trade at the end of the day. 

Millennium Investor – ETF vs. Mutual Find.  The ETF is an evolution in technology.  Their management fees tend to be lower.  A mutual fund is not different in its structure.  If you want some exposure to something and there is no ETF then you can consider a mutual fund.  ETFs trade intraday vs. Mutual Funds trade at the end of the day. 

Unknown
Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$0.020
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N/A
General Market Comment 

July 30, 2018

Covered Call ETF or buy equity and write your own.  You need to be diversified – 20 stocks.  Do you have enough capital?  Do you have the time to be writing these calls?  You are paying retail level commissions. 

Covered Call ETF or buy equity and write your own.  You need to be diversified – 20 stocks.  Do you have enough capital?  Do you have the time to be writing these calls?  You are paying retail level commissions. 

Unknown
Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$0.020
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SPECULATIVE BUY

Most of what you receive from this ETF is capital gains.  It is an interesting ETF- the largest 25 tech companies, equal weight with covered calls.  Covered calls are better for stocks going sideways.  He does not think this is a prudent investment for a retiree.  Be careful here.  The covered writes buffer on the downside a little.

E.T.F.'s

Most of what you receive from this ETF is capital gains.  It is an interesting ETF- the largest 25 tech companies, equal weight with covered calls.  Covered calls are better for stocks going sideways.  He does not think this is a prudent investment for a retiree.  Be careful here.  The covered writes buffer on the downside a little.

E.T.F.'s
Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$17.150
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Unknown

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PAST TOP PICK

(A Top Pick Jun 4/18, Down 12%)  It is a wonderful buying opportunity.  It is about diversification.  China is the number 2 economy in the world.  The china 'A' shares is the second largest market cap in the world.  This ETF includes this 'A' share market.  The rebound recently is due to the announcement of stimulus to fight the tariffs and slowing economy.  Stick with this one.

E.T.F.'s

(A Top Pick Jun 4/18, Down 12%)  It is a wonderful buying opportunity.  It is about diversification.  China is the number 2 economy in the world.  The china 'A' shares is the second largest market cap in the world.  This ETF includes this 'A' share market.  The rebound recently is due to the announcement of stimulus to fight the tariffs and slowing economy.  Stick with this one.

E.T.F.'s
Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$0.000
Owned Owned
Yes

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PAST TOP PICK

(A Top Pick Jun 4/18, Down 2%)  It is subject to oil.  You want to have economies that produce resources and then compliment them with economies that consume them.

E.T.F.'s

(A Top Pick Jun 4/18, Down 2%)  It is subject to oil.  You want to have economies that produce resources and then compliment them with economies that consume them.

E.T.F.'s
Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$0.000
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Yes

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PAST TOP PICK

(A Top Pick Jun 4/18, Down 1%)  It is a global balanced portfolio.  It maximizes the diversification.

E.T.F.'s

(A Top Pick Jun 4/18, Down 1%)  It is a global balanced portfolio.  It maximizes the diversification.

E.T.F.'s
Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$10.170
Owned Owned
Yes

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SPECULATIVE BUY

Marijuana.  The ETF gives you the basket of securities.  When you go into an area that is new, you are never going to buy these stocks cheap.  We had high momentum and now it seems to have broken down.  You have to manage risk carefully.  Have a stop loss.

E.T.F.'s

Marijuana.  The ETF gives you the basket of securities.  When you go into an area that is new, you are never going to buy these stocks cheap.  We had high momentum and now it seems to have broken down.  You have to manage risk carefully.  Have a stop loss.

E.T.F.'s
Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$15.830
Owned Owned
Unknown

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DON'T BUY

Canadian high tech companies.  The top 4 are 75% of the portfolio.  That is a risk. You could just buy the top 4 names individually.  We had a massive run in these stocks.  There is a fear of missing out.  The momentum has cracked a bit in the last few days.  Be conscious of the risk when you buy these ETFs.

E.T.F.'s

Canadian high tech companies.  The top 4 are 75% of the portfolio.  That is a risk. You could just buy the top 4 names individually.  We had a massive run in these stocks.  There is a fear of missing out.  The momentum has cracked a bit in the last few days.  Be conscious of the risk when you buy these ETFs.

E.T.F.'s
Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$18.960
Owned Owned
Unknown

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BUY

This is a thoughtful, well constructed ETF.  The low volatility factor is one of these strange factors.  It is really well diversified.  He would not try to time it.  Keep in mind that if the market went down 30-40% this one will go down, even though not as much.  You should take less risk but get the same returns as the market.

E.T.F.'s

This is a thoughtful, well constructed ETF.  The low volatility factor is one of these strange factors.  It is really well diversified.  He would not try to time it.  Keep in mind that if the market went down 30-40% this one will go down, even though not as much.  You should take less risk but get the same returns as the market.

E.T.F.'s
Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$30.650
Owned Owned
Unknown

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DON'T BUY
SPDR S&P 500 ETF(SPY-N) 

July 30, 2018

The S&P 500.  US Equities.  They tend to do well when we have benign inflation, good global growth and abundant liquidity.  But now we have some liquidity coming out.  People are selling actively managed stocks to buy the S&P 500 themselves.  This means that when they want to get out, all these investors will be selling the same stocks.  ETFs are more popular than in 2007/8.

E.T.F.'s

The S&P 500.  US Equities.  They tend to do well when we have benign inflation, good global growth and abundant liquidity.  But now we have some liquidity coming out.  People are selling actively managed stocks to buy the S&P 500 themselves.  This means that when they want to get out, all these investors will be selling the same stocks.  ETFs are more popular than in 2007/8.

E.T.F.'s
Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$279.950
Owned Owned
Unknown

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TOP PICK

He is going to be in this one forever.  In 2003 it was 0.5% of global market cap and has grown to 10%, a 2000% increase.  It is a long term hold.  He does not believe China is going to slow down.

E.T.F.'s

He is going to be in this one forever.  In 2003 it was 0.5% of global market cap and has grown to 10%, a 2000% increase.  It is a long term hold.  He does not believe China is going to slow down.

E.T.F.'s
Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$0.000
Owned Owned
No

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TOP PICK

It is all about diversification.  This is a covered writing ETF, equal weight, and largest international companies.  It is not in the midst of a massive bubble.

E.T.F.'s

It is all about diversification.  This is a covered writing ETF, equal weight, and largest international companies.  It is not in the midst of a massive bubble.

E.T.F.'s
Mike Philbrick

President, ReSolve Asset Manage...

Price Price
$6.400
Owned Owned
No

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