Today, Brian Acker, CA commented about whether XOM, AIG, C, MG.TO, BRK.B, ABX.TO, BAC, CCA.TO, IBM, ORCL, BMY, KHC, AMZN, CU.TO, HBM.TO, BBD.B.TO, GILD, AAPL, GE, POT.TO, VII.TO, CASH, BIR.TO, CJR.B.TO, MFC.TO, SJ.TO, CXR.TO 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.