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Latest Stock Buy or Sell?

Today, Larry Berman CFA, CMT, CTA commented about whether HVU-T, WMT-N, HD-N are stocks to buy or sell.

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Markets. What is the risk that investors take profits before year end? He thinks we do not have to worry about pull backs until January. There was very aggressive selling in TSX and S&P before the close on Friday but this happens about this time of the year. Excitement about Christmas sales occurs this time of year but over the weekend, reports were mediocre on retail sales. XRT is an equal weighted ETF on US retailing. He feels it is fairly fully priced at this point. XWB gets you into banks before earnings are released.

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Risk. You have to know your sleep at night point. If the market only pulls back 5% if you are going in slowly, you get some at 3% down, some at 4, 5% and so on. The Fed tapering could occur in January and that will be an opportunity. But we may make gains before then.

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PARTIAL SELL

Has not hit highs in the last 6 months. A sideways grind for 6 months. Thinks we may go marginally higher but he would tend to lighten up.

specialty stores
PARTIAL SELL

Suspects it will be a little higher between now and January. He likes to cut his position when it is getting like this.

department stores
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US equities in TFSA? If you get dividends, there are foreign withholding taxes. You would not pay them with Canadian stocks.

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Largest International Banks. ZUB gives equal exposure to US banks. EUFN is international banks outside of North America. He doesn’t think the crisis is over and EU could break up within 5 years.

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ETF for American Banks in general. ZUB is currency hedged 100 equally weighted banks in the US. 1.5% dividend so it is about capital gains.

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