Latest Expert Opinions

Signal
Opinion
Expert
WATCH
WATCH
June 13, 2016

Microsoft has just purchased LinkedIn (LNKD-N). If they can incorporate this into Microsoft Dynamics and CRM, with the ability of business to talk to business, there are definitely some synergies. Looks like the market doesn’t like this acquisition. Chart shows a pretty significant price gap in 2015, and since then has traded in the range between $50 and $55. If it breaks down much below $50, it would trigger a pretty important technical breakdown, that would target something around $40. If this doesn’t hold the $50 area, there could be trouble.

Microsoft (MSFT-Q)
June 13, 2016

Microsoft has just purchased LinkedIn (LNKD-N). If they can incorporate this into Microsoft Dynamics and CRM, with the ability of business to talk to business, there are definitely some synergies. Looks like the market doesn’t like this acquisition. Chart shows a pretty significant price gap in 2015, and since then has traded in the range between $50 and $55. If it breaks down much below $50, it would trigger a pretty important technical breakdown, that would target something around $40. If this doesn’t hold the $50 area, there could be trouble.

Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
Price
$50.140
Owned
Unknown
DON'T BUY
DON'T BUY
June 13, 2016

Likes this as a diversifier. You have about 22% of preferreds, 11% of corporate bonds, all of the banks and a lot of financials, some of the big dividend payers in Canada. It isn’t diversified much beyond financials, so there is a lot of sector concentration. If you are going to put this in your portfolio, and it is 10%-20%, he would be good with that. Make it a core holding. Valuation-wise right now, he doesn’t like financials. Thinks they underperform for the next year or 2.

Likes this as a diversifier. You have about 22% of preferreds, 11% of corporate bonds, all of the banks and a lot of financials, some of the big dividend payers in Canada. It isn’t diversified much beyond financials, so there is a lot of sector concentration. If you are going to put this in your portfolio, and it is 10%-20%, he would be good with that. Make it a core holding. Valuation-wise right now, he doesn’t like financials. Thinks they underperform for the next year or 2.

Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
Price
$6.620
Owned
Unknown
BUY WEAKNESS
BUY WEAKNESS
June 13, 2016

The correlation with this bank and energy prices, etc. is what this bank is all about. It is a proxy for Shorting the energy sector. He doesn’t like this one at this time. Expects oil to hit $40 before it hit $60, and therefore potential weakness. Can see a probable 10% downside, at which point he would think about buying if you want a longer-term play on the recovery story of Fort McKenzie.

The correlation with this bank and energy prices, etc. is what this bank is all about. It is a proxy for Shorting the energy sector. He doesn’t like this one at this time. Expects oil to hit $40 before it hit $60, and therefore potential weakness. Can see a probable 10% downside, at which point he would think about buying if you want a longer-term play on the recovery story of Fort McKenzie.

Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
Price
$26.320
Owned
Unknown
PARTIAL SELL
PARTIAL SELL
June 13, 2016

In the short run, it looks like it is rolling over. There was a lot of support in the last couple of months at around $39-$40, and is being broken today in a big way. The next area of support would come in close to the $30 area. There is probably some downside risk in the next while. In the lower $30, it would be something you would want to accumulate again. He would think about lightening up on the current strength.

Saputo Inc. (SAP-T)
June 13, 2016

In the short run, it looks like it is rolling over. There was a lot of support in the last couple of months at around $39-$40, and is being broken today in a big way. The next area of support would come in close to the $30 area. There is probably some downside risk in the next while. In the lower $30, it would be something you would want to accumulate again. He would think about lightening up on the current strength.

Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
Price
$37.790
Owned
Unknown
COMMENT
COMMENT
June 13, 2016

BMO Covered Call Cdn Banks (ZWB-T) or Premium Income Corp (PIC.A-T)? If you want to be in the banks for the next few years, this is probably the better holding.

BMO Covered Call Cdn Banks (ZWB-T) or Premium Income Corp (PIC.A-T)? If you want to be in the banks for the next few years, this is probably the better holding.

Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
Price
$16.500
Owned
Unknown
COMMENT
COMMENT
June 13, 2016

BMO Covered Call Cdn Banks (ZWB-T) or Premium Income Corp (PIC.A-T)? If you want to be in the banks for the next few years, ZWB is probably the better holding. Doesn’t know much about this one, but it would appear that it uses a significant amount of leverage. With this one, when it is bad like in January or February, it is really bad, probably because of the leverage. Leverage is high risk. 7 years into a Bull cycle is not the time you want to play leverage and high risk.

BMO Covered Call Cdn Banks (ZWB-T) or Premium Income Corp (PIC.A-T)? If you want to be in the banks for the next few years, ZWB is probably the better holding. Doesn’t know much about this one, but it would appear that it uses a significant amount of leverage. With this one, when it is bad like in January or February, it is really bad, probably because of the leverage. Leverage is high risk. 7 years into a Bull cycle is not the time you want to play leverage and high risk.

Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
Price
$5.700
Owned
Unknown
COMMENT
COMMENT
June 13, 2016

They have pulled off $1.1 billion in asset sales in Saskatchewan and Alberta, and were upgraded by a number of analysts. Raymond James to $3 and BNS to $2.25. There is probably some additional upside looking out over the next year. However, there are a couple who are neutral to flat with lower price targets. He would suggest you try to read all the stories on why they have their various price targets. The chart shows a tremendous amount of resistance, and he believes in the idea of “lower for longer”. Oil should probably stabilize over the next few years in the $50-$60 range, but by no means whatsoever are we coming back into balance. Inventory levels are massive compared to the 5-10 year averages. Thinks that will be with us for years and years to come. Wouldn’t be a big investor yet, but more inclined to probably Sell into this.

They have pulled off $1.1 billion in asset sales in Saskatchewan and Alberta, and were upgraded by a number of analysts. Raymond James to $3 and BNS to $2.25. There is probably some additional upside looking out over the next year. However, there are a couple who are neutral to flat with lower price targets. He would suggest you try to read all the stories on why they have their various price targets. The chart shows a tremendous amount of resistance, and he believes in the idea of “lower for longer”. Oil should probably stabilize over the next few years in the $50-$60 range, but by no means whatsoever are we coming back into balance. Inventory levels are massive compared to the 5-10 year averages. Thinks that will be with us for years and years to come. Wouldn’t be a big investor yet, but more inclined to probably Sell into this.

Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
Price
$1.610
Owned
Unknown