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Stock Opinions by David Cockfield

COMMENT
When the market reaches these new highs, the moment it shows that there is some cracking, then people will try to take their gains and exit. If you're sitting on profits, it might be the time people take their profits.
Unknown
COMMENT
The profits are still there because of the long run we've had. He expects that the sell-off will continue for a couple days or the next week. He doesn't see any news that would make it go down more. However, there is momentum to continue going down.
Unknown
COMMENT
He thinks there could be some problems with the coronavirus, but China is better organized that during SARS. The tricky part is the longer incubation period that helps the virus spread. China has shut everything down, and it's interesting to see how this pans out. Canada and the US are on guard, but it's not like SARS. It's more a Chinese problem generally but they will over come it.
Unknown
COMMENT
He wonders if consumption will fall because of the virus. If you're nervous about your energy stocks, people might jump off. Energy stocks might not perform until the anti-fossil fuel group gets rid of all their positions. The sector is super cheap, but they could stay cheap for quite a while. Energy is not partaking in the lift that we see in other sectors.
Unknown
COMMENT
The company and the stock has suffered because people feel Rona, Lowes and Home Depot will trampled them. One of the things they have is great locations. They are located in places other big-box stores can't get in. They are also very competitive and they have great selections for new Canadians. They are well positioned to compete with others. The stores are individually managed so they have a lot of say what is on their shelves.
specialty stores
BUY
He sees pretty clear sailing for Aecon. The government spending on housing and projects could offer opportunity for them to participate. Might be able to buy this stock at $15, but you could even enter now. Dividend of 3.8%. (Analysts’ price target is $22.00)
contractors
COMMENT
He stills likes Sun Life better. He's concerned about the emphasis that Manulife has put on Far Eastern growth they anticipate. Manulife has a checkered history of surprising on the down-side, whereas Sun Life is more predictable. Sun Life has good presence in North America.
insurance
COMMENT
He stills likes Sun Life better. He's concerned about the emphasis that Manulife has put on Far Eastern growth they anticipate. Manulife has a checkered history of surprising on the down-side, whereas Sun Life is more predictable. Sun Life has good presence in North America.
insurance
BUY on WEAKNESS
He would hold off. It's a good, nimble company that has good strategies and takeovers. They have continued to go down, however. There is weakness in commodity prices, though they are good operators. They trade at a higher multiple than others. You could probably start to participate at these prices, but there are mixed feelings in the fertilizer sector. Last year there was a lot of problems that impacted farm income. The need for better fertilizer is still there so they will do alright in the long-run. You could average into this stock.
agriculture
BUY
He's owned it for a while. It's had a nice, steady upward move. He's recommended it in the past, and this environment is good to enter into this ETF.
E.T.F.'s
BUY
He typically uses a hedge to protect when investing in Europe and international. ZEQ is a high quality EU index that is hedged to the Canadian dollar. It's performed quite well. It's all big companies, including Nestle, health companies and you're in multinationals that are not purely European. There is also UK representation that risks doing better with Brexit.
E.T.F.'s
WATCH
He owned it and sold out too soon. It's a stock that is vulnerable to general market sell-offs. It trades at astronomical multiples. If the sell-off continues, it could go down further. He would wait for it to find a floor and stabilize.
0
DON'T BUY
A well-run company that pays a reasonable dividend. Until the sell-off in energy sector stocks finishes, which he thinks isn't over, he would steer clear. It needs to build a better base before he would enter. Some of the multiples are attractive but the fossil fuel sell-off is still underway. With the warm winter, natural gas consumption could also be depressed. Dividend at 8.5%.
oil / gas
DON'T BUY
At this particular point in time, he wouldn't put fresh capital in the bank sector. They are near their high. A good company but a little too rich. He would wait a few weeks or month to participate in any of the banks.
banks
DON'T BUY
They moved out of Canada and you might see continual selling. He doesn't see any advantage in moving to the US. It needs to build a base. This was known as Encana before.
0
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