Today, Larry Berman CFA, CMT, CTA and Norman Levine commented about whether KNIN-VX, RECP-T, IMO-T, BBD.B-T, H-T, MG-T, ATD.B-T, BDGI-T, TECK.B-T, AAPL-Q, BMO-T, K-T, PWF-T, GE-N, CCL.B-T, KMI-N, PM-N, VRX-T, MFC-T, CASH, VOD-Q, MBT-T, ZUB-T, MEG-T, EMP.A-T, MG-T, XSB-T are stocks to buy or sell.
Markets. There are a lot of seasonal patterns in the market, but the question is how you use them in your portfolio. You can’t depend entirely on them, however. Historically, going back to 1928 for the S&P, there is very little growth in the summer months. You can’t dispute the seasonal patterns, even though they don’t work in every year. Year 4 of the presidential year is often strong in the summer.
He thinks there is some value in this area. Maybe it could go a little bit lower, but there should be some support here. It probably looks interesting here, however when they are having challenges in execution, the market will keep it down. Above $23 it would say the market is building confidence in them.
Educational Segment. Artificial Intelligence and ETFs. The Buzz Index. His guest looks at social media and identifies the top 25 stocks with the most bullish prospects. He uses the power of the computer to scan social media for comments he is looking for. Software uses natural language processing. He also tries to gauge how many people are listening to the person posting.
Markets. It looks like oil went down too far, too fast and is now recovering on short covering. The fundamentals have not changed that much since January, so he would not be surprised to see it roll over here. No one knows where the US dollar is going. He is not increasing energy exposure up here. All the currencies are going up against the US dollar. He spent some money in Canada and is hoping things come off so he can invest more. He only spent a little in Canada. The US is a little expensive. In the US you are getting bankruptcies in energy.
There are three reasons it is trading below the offer price. You have a time value until it closes; there is the uncertainty of the regulators (3 have to approve this); and it is based on where BCE-T is trading when the deal closes, so you may not get the $40 offer price. He would sell it and let someone else have the uncertainty.
This one has always had something come up and they stumble. He is warm toward the lifecos, especially as rates start to go up. He prefers SLF-T.