Stock Opinions by Andrew Pyle - Stockchase Experts
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Andrew Pyle @

On Stockchase since : Jun 2018

Senior wealth advisor and portfolio manager

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Stock Opinions by Andrew Pyle - Stockchase Experts


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COMMENT
General Market Comment 

June 6, 2018

We're not in a frothy market as in January when investors piled on the bandwagon. We're currently not in a euphoric state. We have a bit of room to go, but we are getting stretched. We have at least a year before we get really worried, assuming we don't see a lot more rate hikes. We should we fine going into the second half of 2018, but we're beyond 9 years in this rally. Next year would mark a record stretch for a rally. US equities are still bullish, especially tech. Canadian has some catching up to do. He sees value in Europe and Japan. In Canada, don't look at sectors, but pick individual stocks. That said, energy has done well, like Suncor, though oil this week is in retreat--maybe rotate out of that. Telcos aren't faring well either. In spaces like healthcare, be selective.

We're not in a frothy market as in January when investors piled on the bandwagon. We're currently not in a euphoric state. We have a bit of room to go, but we are getting stretched. We have at least a year before we get really worried, assuming we don't see a lot more rate hikes. We should we fine going into the second half of 2018, but we're beyond 9 years in this rally. Next year would mark a record stretch for a rally. US equities are still bullish, especially tech. Canadian has some catching up to do. He sees value in Europe and Japan. In Canada, don't look at sectors, but pick individual stocks. That said, energy has done well, like Suncor, though oil this week is in retreat--maybe rotate out of that. Telcos aren't faring well either. In spaces like healthcare, be selective.

Unknown
Andrew Pyle

Senior wea, The Pyle Group, Scot...

Price Price
$0.020
Owned Owned
Unknown

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COMMENT
Walmart Inc(WMT-N) 

June 6, 2018

They've corrected the past few weeks. Their earnings aren't that bad nor was their e-commerce performance. It's a defensive and value stock, and undervalued by $10-20. But it faces transportation costs which eat into profits.

department stores

They've corrected the past few weeks. Their earnings aren't that bad nor was their e-commerce performance. It's a defensive and value stock, and undervalued by $10-20. But it faces transportation costs which eat into profits.

department stores
Andrew Pyle

Senior wea, The Pyle Group, Scot...

Price Price
$84.560
Owned Owned
No

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COMMENT
Qualcomm(QCOM-Q) 

June 6, 2018

Likes the name and sector. QCOM is a long-term growth opportunity.

Telecommunications

Likes the name and sector. QCOM is a long-term growth opportunity.

Telecommunications
Andrew Pyle

Senior wea, The Pyle Group, Scot...

Price Price
$59.840
Owned Owned
No

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COMMENT
Hudson Bay Co.(HBC-T) 

June 6, 2018

It's modestly undervalued now. Restructuring has borne some fruit, though the market hasn't responded to HBC in kind. Them getting out of luxury lines makes sense at this stage in the economy with limited discetionary spending. He prefers placing this in the retail, and not real estate, space. This is a consumer discretionary stock late in the cycle.

department stores

It's modestly undervalued now. Restructuring has borne some fruit, though the market hasn't responded to HBC in kind. Them getting out of luxury lines makes sense at this stage in the economy with limited discetionary spending. He prefers placing this in the retail, and not real estate, space. This is a consumer discretionary stock late in the cycle.

department stores
Andrew Pyle

Senior wea, The Pyle Group, Scot...

Price Price
$10.870
Owned Owned
Unknown

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DON'T BUY

A stock that analysts hate. This is a great play to get into this sector, e-cars. Tesla continues to struggle to boost production. A speculative stock.

A stock that analysts hate. This is a great play to get into this sector, e-cars. Tesla continues to struggle to boost production. A speculative stock.

0
Andrew Pyle

Senior wea, The Pyle Group, Scot...

Price Price
$319.500
Owned Owned
Unknown

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DON'T BUY

A troubled stock that's disappointed investors. Whenever there's good news, like possibly selling two channels in Quebec to BCE, it disappoints. It also has credit and leverage issues. The dividend may be unstable.

entertainment services

A troubled stock that's disappointed investors. Whenever there's good news, like possibly selling two channels in Quebec to BCE, it disappoints. It also has credit and leverage issues. The dividend may be unstable.

entertainment services
Andrew Pyle

Senior wea, The Pyle Group, Scot...

Price Price
$6.570
Owned Owned
No

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COMMENT
General Market Comment 

June 6, 2018

Market and interest rate cycles:  Bond market performance has been weak in both Canada and the U.S. Current 2.9-3% U.S. 10-year yields are still low to those who remember the 5-10% days, but compared to the moves from last year, these are big. So, yes, it's been a quick, sudden move. Some may say this is already a bear market for bonds. The street thinks rates will keep going up and up. But remember the economy is in a late-stage cycle where interest rates do move higher, though the Fed may raise rates too fast. We're getting close to the end of this rate cycle, moving as high as 3.5% which could drag on markets. Given the strong U.S. economy, he sees two more rate hikes this year in the U.S. as well as Canada.

Market and interest rate cycles:  Bond market performance has been weak in both Canada and the U.S. Current 2.9-3% U.S. 10-year yields are still low to those who remember the 5-10% days, but compared to the moves from last year, these are big. So, yes, it's been a quick, sudden move. Some may say this is already a bear market for bonds. The street thinks rates will keep going up and up. But remember the economy is in a late-stage cycle where interest rates do move higher, though the Fed may raise rates too fast. We're getting close to the end of this rate cycle, moving as high as 3.5% which could drag on markets. Given the strong U.S. economy, he sees two more rate hikes this year in the U.S. as well as Canada.

Unknown
Andrew Pyle

Senior wea, The Pyle Group, Scot...

Price Price
$0.020
Owned Owned
Unknown

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WEAK BUY
Enbridge(ENB-T) 

June 6, 2018

The pipelines have been pressured this year due to troubles in building pipelines. They're also interest-rate sensitive. ENB offers some decent value now with solid growth prospects. The dividend is sustainable. Look at this and start
picking away at it. There's still uncertainty around the Kinder Morgan pipeline--who will eventually buy it?

oil/gas pipelines

The pipelines have been pressured this year due to troubles in building pipelines. They're also interest-rate sensitive. ENB offers some decent value now with solid growth prospects. The dividend is sustainable. Look at this and start
picking away at it. There's still uncertainty around the Kinder Morgan pipeline--who will eventually buy it?

oil/gas pipelines
Andrew Pyle

Senior wea, The Pyle Group, Scot...

Price Price
$40.140
Owned Owned
Unknown

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COMMENT
Walt Disney(DIS-N) 

June 6, 2018

It's been a yo-yo ride. A good stock with decent value. Their content is solid and the company has opportunities for expansion. The current stock price is decent. It's unlikely it'll return to recent highs though given we're late in the cycle.

entertainment services

It's been a yo-yo ride. A good stock with decent value. Their content is solid and the company has opportunities for expansion. The current stock price is decent. It's unlikely it'll return to recent highs though given we're late in the cycle.

entertainment services
Andrew Pyle

Senior wea, The Pyle Group, Scot...

Price Price
$101.910
Owned Owned
No

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COMMENT
General Market Comment 

June 6, 2018

What are your thoughts on Canadian banks? He likes BMO, TD and Royal for their valuations. He bought TD in the Q1 pullback and has shot up, surpassing his expectations. He wouldn't add to Canadian banks now though they offer decent value on the upside. Be prepared to pull back on Canadian banks if there is a market downturn. The big risk here is if interest rates rise higher than expected and effects mortgages.

 

What are your thoughts on Canadian banks? He likes BMO, TD and Royal for their valuations. He bought TD in the Q1 pullback and has shot up, surpassing his expectations. He wouldn't add to Canadian banks now though they offer decent value on the upside. Be prepared to pull back on Canadian banks if there is a market downturn. The big risk here is if interest rates rise higher than expected and effects mortgages.

 

Unknown
Andrew Pyle

Senior wea, The Pyle Group, Scot...

Price Price
$0.020
Owned Owned
Unknown

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BUY

Banks and large companiy employees use Salesforce to interact with clients. They are a leader in this space. Likes the company. A growth name that will continue to grow due to demand for operational efficiency. Good leadership
now.

computer software/processing

Banks and large companiy employees use Salesforce to interact with clients. They are a leader in this space. Likes the company. A growth name that will continue to grow due to demand for operational efficiency. Good leadership
now.

computer software/processing
Andrew Pyle

Senior wea, The Pyle Group, Scot...

Price Price
$135.550
Owned Owned
No

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COMMENT
Nutrien Ltd.(NTR-T) 

June 6, 2018

It's had a poor start after the merger, disappointing investors. They've achieved some cost savings and efficiencies, true. You're buying this for the long term, and he forsees a 10% gain over 12 months.

agriculture

It's had a poor start after the merger, disappointing investors. They've achieved some cost savings and efficiencies, true. You're buying this for the long term, and he forsees a 10% gain over 12 months.

agriculture
Andrew Pyle

Senior wea, The Pyle Group, Scot...

Price Price
$69.180
Owned Owned
Unknown

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BUY
Emera Inc(EMA-T) 

June 6, 2018

He likes the utility space, given we are in the late-rate cycle. Emera is one of the more solid utilities. Valuations are attractive for an entry point. However, these stocks are at risk if interest rates rise quickly.

mngmnt/diversified

He likes the utility space, given we are in the late-rate cycle. Emera is one of the more solid utilities. Valuations are attractive for an entry point. However, these stocks are at risk if interest rates rise quickly.

mngmnt/diversified
Andrew Pyle

Senior wea, The Pyle Group, Scot...

Price Price
$39.990
Owned Owned
Unknown

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HOLD

Likes this. All telcos were challenged coming into 2018. Hold this now. Dividend is attractive. The company proves it can turn things around in this space.

Cable

Likes this. All telcos were challenged coming into 2018. Hold this now. Dividend is attractive. The company proves it can turn things around in this space.

Cable
Andrew Pyle

Senior wea, The Pyle Group, Scot...

Price Price
$26.520
Owned Owned
Yes

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BUY

The pipelines have been pressured this year due to troubles in building pipelines. They're also interest-rate sensitive. This offers some decent value now with solid growth prospects. There's still uncertainty around the Kinder Morgan pipeline--who will eventually buy it?

oil/gas pipelines

The pipelines have been pressured this year due to troubles in building pipelines. They're also interest-rate sensitive. This offers some decent value now with solid growth prospects. There's still uncertainty around the Kinder Morgan pipeline--who will eventually buy it?

oil/gas pipelines
Andrew Pyle

Senior wea, The Pyle Group, Scot...

Price Price
$53.570
Owned Owned
Unknown

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