Today, Larry Berman CFA, CMT, CTA and Michael Bowman commented about whether G-T, HD-N, TD-T, AFL-N, BA-N, KORS-N, CBI-N, BB-T, MET-N, NA-T, XEI-T, VET-T, INF-N, XBM-T, PSA-N, TTFS-N, ATD.B-T, OSB-N, TECK.B-T, VRX-T, BDT-T, CCO-T, ZUB-T, ABX-T, WPM-T, LULU-Q, TA-T are stocks to buy or sell.
Does not love the company but likes the relative valuation. This space certainly has some negative headwinds. It is in an area where you generally want to own it. You are at the low end of the range going back 10 years. He does not give it a whole lot of downside from here. But he may cut the position if it does not rebound in the net number of months.
Markets. We saw good economic numbers recently. That is the economy. There are the Iraq, Ukraine situations. But what is really significant is China. They are now the largest issuer of corporate debt. He thinks over the short term we are going higher in the markets, however. Now is the time to get back in the market.
Markets. Master Limited Partnerships. There are a lot of smart people on Wall Street looking to make money for their clients. This is always a good thing except when the market gets frothy. Master limited partnerships are now a tax hindrance for the US government. Remember when Income Trust rules got changed in Canada? QE: We need the flowing money, globally to keep the global economy going right now. But the massive current debt, globally is also a hindrance to growth. If you see wage pressures come, that is a tell tale sign of trouble.