Andrew Pyle
Member since: Jun '18
Senior wealth advisor and portfolio manager at
The Pyle Group, Scotia Wealth Mgt.
The Pyle Group, Scotia Wealth Mgt.
232 Opinions
Latest Top Picks
(A Top Pick May 29/19, Up 66%) He sold out previously. He liked the 5 year forecast. As we came into late last year some of the volatility in the stock was not what he was interested in so he exited. He believes they will be stronger going forward.
(A Top Pick May 29/19, Up 18%) He got back into healthcare late last year because of speculation about a Bernie Sanders victory. He continues to like it long term. The current price is a bit elevated so if buying it, wait a bit. The US election could changes things for healthcare.
(A Top Pick May 29/19, Up 5%) He still likes it. It has done a great job of defending market share in Canada. If you think the economy is not going to come out of this to the same extent it was a year ago, then you will see a cascading of retail dollars down to DOL-T.
It is a rotational play within the Brookfield space away from traditional office properties. There is an immediate need and we are going into a US election in November. (Analysts’ price target is $65.39)
Banks are lining up to take massive loan losses due to the shutdown. He thinks we will see a recovery in stock values. He likes the exposure to the US. He likes the dividend and it offers a better opportunity in terms of getting into the market at this point. He thinks the banks are undervalued. (Analysts’ price target is $75.98)
Signal
Opinion
Expert
Chart
N/A
N/A
May 25, 2020
Market. We went through a number of phases since we went to market lows at the beginning of the pandemic. The market has looked at support from governments and so on and now we are in a re-opening phase. We need to see how that goes into June. Markets are a little bit too optimistic about a 'V' shaped recovery and he is encouraging clients to take a bit of money off the table. The market could continue going higher through June if COVID numbers don't overwhelm the healthcare system. At some point if the market is not getting guidance from companies on earnings then it could take money off the table by the fall. Investors are gun shy about putting money to work in the banks. The banks are providing some value right now.
Show full opinionHide full opinion
Market. We went through a number of phases since we went to market lows at the beginning of the pandemic. The market has looked at support from governments and so on and now we are in a re-opening phase. We need to see how that goes into June. Markets are a little bit too optimistic about a 'V' shaped recovery and he is encouraging clients to take a bit of money off the table. The market could continue going higher through June if COVID numbers don't overwhelm the healthcare system. At some point if the market is not getting guidance from companies on earnings then it could take money off the table by the fall. Investors are gun shy about putting money to work in the banks. The banks are providing some value right now.
WAIT
WAIT
May 25, 2020
One of the largest infrastructure companies, world-wide. The next round of support programs for the economy is really going to come back infrastructure. There is still some overhang from previous court battles.
Show full opinionHide full opinionOne of the largest infrastructure companies, world-wide. The next round of support programs for the economy is really going to come back infrastructure. There is still some overhang from previous court battles.
contractors
BUY
BUY
May 25, 2020
We have seen some constructive signs coming out of it recently. It is a company hit by the demand-shock like so many during COVID. He is looking at putting it back into his portfolio.
Show full opinionHide full opinionWe have seen some constructive signs coming out of it recently. It is a company hit by the demand-shock like so many during COVID. He is looking at putting it back into his portfolio.
chemicals
WEAK BUY
WEAK BUY
May 25, 2020
A lot of investors were agnostic about what area of real estate to get into before the pandemic but now they are getting more selective. Even within retail they are picky. He would prefer this one to other retail REITs. They can capture some of the upside. It is necessary that we can maintain these re-openings for this to work.
Show full opinionHide full opinionA lot of investors were agnostic about what area of real estate to get into before the pandemic but now they are getting more selective. Even within retail they are picky. He would prefer this one to other retail REITs. They can capture some of the upside. It is necessary that we can maintain these re-openings for this to work.
investment companies/funds
HOLD
HOLD
May 25, 2020
The retirement living space has been going through massive challenges in terms of COVID. You would have wanted to be in this sector before COVID due to demographics. It is safe to say that regulations will tighten in the space and it may be hard to maintain capital to fund them to meet the regulations. You will have to be careful.
Show full opinionHide full opinionThe retirement living space has been going through massive challenges in terms of COVID. You would have wanted to be in this sector before COVID due to demographics. It is safe to say that regulations will tighten in the space and it may be hard to maintain capital to fund them to meet the regulations. You will have to be careful.
other services
BUY WEAKNESS
BUY WEAKNESS
May 25, 2020
It depends on what the government does in terms of support for landlords. The question is whether government support will continue. He feels we will see it continue. This one has seen some consolidation. Long term these are not bad levels to get into it.
Show full opinionHide full opinionIt depends on what the government does in terms of support for landlords. The question is whether government support will continue. He feels we will see it continue. This one has seen some consolidation. Long term these are not bad levels to get into it.
investment companies/funds
HOLD
HOLD
May 25, 2020
It has been a frustrating stock going back to '08/'09. He feels it is undervalued. It's like the banks where investors have concerns about the financial sector. Some of the concerns are real and MFC-T just gets lumped into it. This is a stock you would buy and hold for a long term, so at current levels it is not a bad opportunity.
Show full opinionHide full opinionIt has been a frustrating stock going back to '08/'09. He feels it is undervalued. It's like the banks where investors have concerns about the financial sector. Some of the concerns are real and MFC-T just gets lumped into it. This is a stock you would buy and hold for a long term, so at current levels it is not a bad opportunity.
insurance
DON'T BUY
DON'T BUY
May 25, 2020
It is not one of his favourites. SRU.UN-T would be a preference.
It is not one of his favourites. SRU.UN-T would be a preference.
property mngmnt/investment
WAIT
WAIT
May 25, 2020
Tech is looking a little overvalued at presence and he has started trimming back. Look for a pullback before buying. This one would be a buy then.
Show full opinionHide full opinionTech is looking a little overvalued at presence and he has started trimming back. Look for a pullback before buying. This one would be a buy then.
computer software/processing
PAST TOP PICK
PAST TOP PICK
May 25, 2020
(A Top Pick May 29/19, Up 66%) He sold out previously. He liked the 5 year forecast. As we came into late last year some of the volatility in the stock was not what he was interested in so he exited. He believes they will be stronger going forward.
Show full opinionHide full opinion(A Top Pick May 29/19, Up 66%) He sold out previously. He liked the 5 year forecast. As we came into late last year some of the volatility in the stock was not what he was interested in so he exited. He believes they will be stronger going forward.
Business Services
PAST TOP PICK
PAST TOP PICK
May 25, 2020
(A Top Pick May 29/19, Up 18%) He got back into healthcare late last year because of speculation about a Bernie Sanders victory. He continues to like it long term. The current price is a bit elevated so if buying it, wait a bit. The US election could changes things for healthcare.
Show full opinionHide full opinion(A Top Pick May 29/19, Up 18%) He got back into healthcare late last year because of speculation about a Bernie Sanders victory. He continues to like it long term. The current price is a bit elevated so if buying it, wait a bit. The US election could changes things for healthcare.
PAST TOP PICK
PAST TOP PICK
May 25, 2020
(A Top Pick May 29/19, Up 5%) He still likes it. It has done a great job of defending market share in Canada. If you think the economy is not going to come out of this to the same extent it was a year ago, then you will see a cascading of retail dollars down to DOL-T.
Show full opinionHide full opinion(A Top Pick May 29/19, Up 5%) He still likes it. It has done a great job of defending market share in Canada. If you think the economy is not going to come out of this to the same extent it was a year ago, then you will see a cascading of retail dollars down to DOL-T.
Consumer Products
COMMENT
Transportation
COMMENT
Transportation
COMMENT
COMMENT
May 25, 2020
BAM.A-T is a backstop for BPY.UN-T. None knows how safe the dividends are because no one knows what our COVID recovery looks like. He is concerned that when we get out of this, he thinks many people will work at home so he believes the demand projections from before the pandemic will not be the case afterwards. He prefers the infrastructure space with Brookfield.
BAM.A-T is a backstop for BPY.UN-T. None knows how safe the dividends are because no one knows what our COVID recovery looks like. He is concerned that when we get out of this, he thinks many people will work at home so he believes the demand projections from before the pandemic will not be the case afterwards. He prefers the infrastructure space with Brookfield.
REAL ESTATE
BUY
BUY
May 25, 2020
There is a lot more safety in the conglomerate than in the individual companies it holds. This is a good level at which to establish a long term position.
Show full opinionHide full opinionThere is a lot more safety in the conglomerate than in the individual companies it holds. This is a good level at which to establish a long term position.
management/diversified
DON'T BUY
DON'T BUY
May 25, 2020
He is staying clear of big mining companies. It had a nice run last year. The recovery in this stock has been very uninspiring, though. He does not think we will get back to the lofty levels of 2019. Don't look at it at a long term hold.
Show full opinionHide full opinionHe is staying clear of big mining companies. It had a nice run last year. The recovery in this stock has been very uninspiring, though. He does not think we will get back to the lofty levels of 2019. Don't look at it at a long term hold.
Mining
HOLD
HOLD
May 25, 2020
The Huawei issues and the fact that they are looking at using their equipment has tended to overshadow how we look at the company. It could have an impact on the company, but it is as fluid as the pandemic right now. If you own it you have to keep in mind that this is something that could become a challenge.
Show full opinionHide full opinionThe Huawei issues and the fact that they are looking at using their equipment has tended to overshadow how we look at the company. It could have an impact on the company, but it is as fluid as the pandemic right now. If you own it you have to keep in mind that this is something that could become a challenge.
telephone utilities
BUY
BUY
May 25, 2020
It has not picked up to the same extent as HD-N. We are dealing with a general consumer related store whereas HD-N has benefited from the home renovation space because at home what else are you going to do with your day when shut in but renovate. As stores start to re-open again and assuming there are no setbacks, then he feels CTC-T stock will continue to appreciate. It is a solid company and much more diversified than it was ten years ago.
It has not picked up to the same extent as HD-N. We are dealing with a general consumer related store whereas HD-N has benefited from the home renovation space because at home what else are you going to do with your day when shut in but renovate. As stores start to re-open again and assuming there are no setbacks, then he feels CTC-T stock will continue to appreciate. It is a solid company and much more diversified than it was ten years ago.
specialty stores
BUY
BUY
May 25, 2020
ZQQ vs. ICLN. ZQQ is a play in the tech sector and has done extremely well on this rebound. It is probably a little overvalued. He would prefer this for the long term. ICLN-O is domiciled in New York and in a TFSA they will withhold taxes that can't be captured. It is okay in a RRSP.
E.T.F.'s
BUY
BUY
May 25, 2020
ZQQ vs. ICLN. ZQQ is a play in the tech sector and has done extremely well on this rebound. It is probably a little overvalued. He would prefer this for the long term. ICLN-O is domiciled in New York and in a TFSA they will withhold taxes that can't be captured. It is okay in a RRSP.
DON'T BUY
DON'T BUY
May 25, 2020
The question is how long it will take to get back to pre-pandemic highs. Growth in office space may have really slowed due to the pandemic. He would prefer infrastructure at this point.
Show full opinionHide full opinionThe question is how long it will take to get back to pre-pandemic highs. Growth in office space may have really slowed due to the pandemic. He would prefer infrastructure at this point.
REAL ESTATE
TOP PICK
TOP PICK
May 25, 2020
It is a rotational play within the Brookfield space away from traditional office properties. There is an immediate need and we are going into a US election in November. (Analysts’ price target is $65.39)
Show full opinionHide full opinionIt is a rotational play within the Brookfield space away from traditional office properties. There is an immediate need and we are going into a US election in November. (Analysts’ price target is $65.39)
Energy Infrastructure, Industrials & Utilities
TOP PICK
TOP PICK
May 25, 2020
Banks are lining up to take massive loan losses due to the shutdown. He thinks we will see a recovery in stock values. He likes the exposure to the US. He likes the dividend and it offers a better opportunity in terms of getting into the market at this point. He thinks the banks are undervalued. (Analysts’ price target is $75.98)
Show full opinionHide full opinionBanks are lining up to take massive loan losses due to the shutdown. He thinks we will see a recovery in stock values. He likes the exposure to the US. He likes the dividend and it offers a better opportunity in terms of getting into the market at this point. He thinks the banks are undervalued. (Analysts’ price target is $75.98)
banks
TOP PICK
TOP PICK
May 25, 2020
It has been a volatile stock but a fantastically performing stock through the pandemic. A lot of people believe that people will opt to dine at home after restaurants open, as they do now, rather than dining out and L-T benefits from this. (Analysts’ price target is $78.73)
Show full opinionHide full opinionIt has been a volatile stock but a fantastically performing stock through the pandemic. A lot of people believe that people will opt to dine at home after restaurants open, as they do now, rather than dining out and L-T benefits from this. (Analysts’ price target is $78.73)
food stores
COMMENT
COMMENT
February 19, 2020
These record levels are acting as if we have contained this virus, but we haven't....A lot of sectors have piled into telcos for yield, some late and are suffering FOMO. (Telus announced an equity issue of $1.3 billion after hours.) This market is getting ahead of itself. The market doesn't recognize a negative headline anymore; it feels immune because interest rates will stay low. He doesn't think the US Fed wants to continue propping up the market, but investors don't believe rates will rise. There's a little more time left in this rally. The Fed will be on hold until the late-summer before the election gets near. Volatility will return in the summer, especially if Trump is shaky in the polls and the Democrats/Bernie Sanders are gaining.
Show full opinionHide full opinionThese record levels are acting as if we have contained this virus, but we haven't....A lot of sectors have piled into telcos for yield, some late and are suffering FOMO. (Telus announced an equity issue of $1.3 billion after hours.) This market is getting ahead of itself. The market doesn't recognize a negative headline anymore; it feels immune because interest rates will stay low. He doesn't think the US Fed wants to continue propping up the market, but investors don't believe rates will rise. There's a little more time left in this rally. The Fed will be on hold until the late-summer before the election gets near. Volatility will return in the summer, especially if Trump is shaky in the polls and the Democrats/Bernie Sanders are gaining.
BUY
BUY
February 19, 2020
He stayed until last year when valuations got stretched to the downside. Solid fundamentals, but there remain issues with competition, namely the impact of pricing data. Not a great dividend payer at 3% vs. peers which are higher. Today's levels are still a good entry point.
Show full opinionHide full opinionHe stayed until last year when valuations got stretched to the downside. Solid fundamentals, but there remain issues with competition, namely the impact of pricing data. Not a great dividend payer at 3% vs. peers which are higher. Today's levels are still a good entry point.
Cable
DON'T BUY
DON'T BUY
February 19, 2020
He still likes it and has long held it. He feels neutral about it now, not expecting much upside. Be cautious about jumping on a momentum bandwagon here. Don't enter it now.
Show full opinionHide full opinionHe still likes it and has long held it. He feels neutral about it now, not expecting much upside. Be cautious about jumping on a momentum bandwagon here. Don't enter it now.
telephone utilities
BUY
BUY
February 19, 2020
The tech sector is on fire. He likes this, but it has trouble reaching $70. It's consolidating now, unlike its high-flying tech peers. Its fundamentals are good and Intel looks good for 5+ years. Too pricey for a short-term play.
Show full opinionHide full opinionThe tech sector is on fire. He likes this, but it has trouble reaching $70. It's consolidating now, unlike its high-flying tech peers. Its fundamentals are good and Intel looks good for 5+ years. Too pricey for a short-term play.
electrical/electronic
COMMENT
COMMENT
February 19, 2020
Why do companies buyback shares when they reach all-time highs? Should I avoid them? It depends on the company and their situation. Are they buying the stock too cheaply or overpriced? What will they do with their cash on hand? Investing it back in the business? Reward shareholders with a special dividend? Buy shares? You can't make a blanket statement. Buybacks are not necessarily a bad thing.
Show full opinionHide full opinionWhy do companies buyback shares when they reach all-time highs? Should I avoid them? It depends on the company and their situation. Are they buying the stock too cheaply or overpriced? What will they do with their cash on hand? Investing it back in the business? Reward shareholders with a special dividend? Buy shares? You can't make a blanket statement. Buybacks are not necessarily a bad thing.
BUY WEAKNESS
BUY WEAKNESS
February 19, 2020
It's a long-term agricultural play for him. It's now a buying opportunity. It'll hit $60 at some point. It pays a dividend of 4%. Take advantage during volatility like now. It's gone down now because of the coronavirus. Also, some investors are tired of the volatility and have stayed away.
Show full opinionHide full opinionIt's a long-term agricultural play for him. It's now a buying opportunity. It'll hit $60 at some point. It pays a dividend of 4%. Take advantage during volatility like now. It's gone down now because of the coronavirus. Also, some investors are tired of the volatility and have stayed away.
agriculture
PARTIAL SELL
PARTIAL SELL
February 19, 2020
He buys utilities to generate income. Yes, they are boring, but this sector has had an incredible run in the last 12 months. This is overbought now and would take profits. Also, the yield has dropped to 3.3%, which is a negative.
Show full opinionHide full opinionHe buys utilities to generate income. Yes, they are boring, but this sector has had an incredible run in the last 12 months. This is overbought now and would take profits. Also, the yield has dropped to 3.3%, which is a negative.
electrical utilities
PARTIAL BUY
PARTIAL BUY
February 19, 2020
Owns it for the dividend. This is undervalued. If it fell to $18, he'd add more shares. Now is an entry point for now investors. Pays over a 7% dividend.
Show full opinionHide full opinionOwns it for the dividend. This is undervalued. If it fell to $18, he'd add more shares. Now is an entry point for now investors. Pays over a 7% dividend.
REAL ESTATE
DON'T BUY
DON'T BUY
February 19, 2020
Buy it at $917? Really? Long-term, this is a good stock. But buy it at today's price? No. You can dabble in it, but he won't buy it now.
Show full opinionHide full opinionBuy it at $917? Really? Long-term, this is a good stock. But buy it at today's price? No. You can dabble in it, but he won't buy it now.
BUY
BUY
February 19, 2020
A dividend play. He likes it and owns the preferred shares. The 6-month outlook is positive. Pays a good 4.7% dividend.
Show full opinionHide full opinionA dividend play. He likes it and owns the preferred shares. The 6-month outlook is positive. Pays a good 4.7% dividend.
pipelines
BUY
BUY
February 19, 2020
Onex is well-positioned as the Westjet deal looks likely. If it's a long-term hold, so you can buy it today.