Latest Expert Opinions

Signal
Opinion
Expert
PAST TOP PICK
PAST TOP PICK
September 20, 2012

(Top Pick Mar 26/12, Up 3.40%) Mar 26 was the high for the year but he owned since the beginning of the year and he is up.

(Top Pick Mar 26/12, Up 3.40%) Mar 26 was the high for the year but he owned since the beginning of the year and he is up.

Vikash Jain, CFA
Portfolio Manager, ArcherETF
Price
$23.390
Owned
Yes
PAST TOP PICK
PAST TOP PICK
September 20, 2012

(Top Pick Mar 26/12, Down 0.67%) Mar 26 was the high for the year but he owned this since the beginning of 2012 and he is up.

(Top Pick Mar 26/12, Down 0.67%) Mar 26 was the high for the year but he owned this since the beginning of 2012 and he is up.

Vikash Jain, CFA
Portfolio Manager, ArcherETF
Price
$22.070
Owned
Yes
PAST TOP PICK
PAST TOP PICK
September 20, 2012

(Top Pick Mar 26/12, Down 11.69%) Mar 26 was the high for the year but he has owned it since the beginning of 2012 and he is flat on it.

(Top Pick Mar 26/12, Down 11.69%) Mar 26 was the high for the year but he has owned it since the beginning of 2012 and he is flat on it.

Vikash Jain, CFA
Portfolio Manager, ArcherETF
Price
$32.060
Owned
Yes
TOP PICK
TOP PICK
September 20, 2012

US house prices are just hitting bottom and resales have picked up along with new home building over the last couple of months. US REITs are best positioned to benefit at this time. A number of Canadian REITs have raised money in recent weeks to go into the US.

Vanguard REIT ETF (VNQ-N)
September 20, 2012

US house prices are just hitting bottom and resales have picked up along with new home building over the last couple of months. US REITs are best positioned to benefit at this time. A number of Canadian REITs have raised money in recent weeks to go into the US.

Vikash Jain, CFA
Portfolio Manager, ArcherETF
Price
$66.530
Owned
Yes
TOP PICK
TOP PICK
September 20, 2012

Energy has higher than 1 beta and will respond more significantly to stimulus. Believes Canadian energy will benefit during this period of stimulus. Nat. gas is not included in this as there seems to be endless supply.

Energy has higher than 1 beta and will respond more significantly to stimulus. Believes Canadian energy will benefit during this period of stimulus. Nat. gas is not included in this as there seems to be endless supply.

Vikash Jain, CFA
Portfolio Manager, ArcherETF
Price
$16.760
Owned
Yes
TOP PICK
TOP PICK
September 20, 2012

Inflation is not the issue but rather all this stimulus. Whenever we increase the money supply, value of gold should rise as currencies are debased. Will go on through the first half of next year. This is not a long-term buy and hold, however.

SPDR Gold ETF (GLD-N)
September 20, 2012

Inflation is not the issue but rather all this stimulus. Whenever we increase the money supply, value of gold should rise as currencies are debased. Will go on through the first half of next year. This is not a long-term buy and hold, however.

Vikash Jain, CFA
Portfolio Manager, ArcherETF
Price
$171.470
Owned
Yes
DON'T BUY
DON'T BUY
September 20, 2012

Good indicator of bank valuations is Tangible Book Value. This one, as with all the banks, looks attractive. Trading at about 75% of Book and about 85% of Tangible Book. Probably the best of the breed in US financials. A couple of things to worry about is that banks generally make their money through the steepness of the yield curve i.e. they borrow short and lend long. With such as shallow yield curve, there is not that opportunity. Looks like the yield curve is going to be shallow for some time. Margins are dropping and they are also not really lending money. Not a lot of growth here.

JP Morgan Chase & Co (JPM-N)
September 20, 2012

Good indicator of bank valuations is Tangible Book Value. This one, as with all the banks, looks attractive. Trading at about 75% of Book and about 85% of Tangible Book. Probably the best of the breed in US financials. A couple of things to worry about is that banks generally make their money through the steepness of the yield curve i.e. they borrow short and lend long. With such as shallow yield curve, there is not that opportunity. Looks like the yield curve is going to be shallow for some time. Margins are dropping and they are also not really lending money. Not a lot of growth here.

Gordon Reid
President, GoodReid Investment Counsel
Price
$41.250
Owned
No