Today, Brian Acker, CA commented about whether XOM-N, AIG-N, C-N, MG-T, BRK.B-N, ABX-T, BAC-N, CCA-T, IBM-N, ORCL-N, BMY-N, KHC-Q, AMZN-Q, CU-T, HBM-T, BBD.B-T, GILD-Q, AAPL-Q, GE-N, POT-T, VII-T, CASH, BIR-T, CJR.B-T, MFC-T, SJ-T, CXR-T are stocks to buy or sell.
The model price is $18. Cord cutting can actually happen and he can now choose his channels. The market is anticipating that not that many people will cut the cord. He thinks it sticks around $12-$13, EBV. You are only there for the dividend in the future. You have seen all the upside already for 2017. He thinks they are just making their dividend. 8.7% yield.
How much to keep in cash the first 100 days of the new presidency. He was in 90% cash on the day of the election. He started buying until he was 90% invested. Most purchases were US financials. He has not been this bullish on the market for a good three years. There is so much low hanging fruit now.
Markets. It is amazing what is going on in Asia. The Libor rate hit 80% overnight in Hong Kong. Is there such a US dollar shortage in the world that China is willing to pay anything for a US$? The US$ is going up. The dollar index has seen a 5% increase since the election. Last night there was a huge rally in the Yuan, to stem capital outflows. You are going to see some volatility based on the US$, and today is a down day. He has no prediction on the markets this year. In the first year of a new president, markets are usually down. 2017 is ‘hold onto your hat, as there will be lots of volatility.’ But you can always make money with volatility.