Latest Expert Opinions

Signal
Opinion
Expert
TOP PICK
TOP PICK
January 10, 2017

About 15-20 years ago, the top 10 airline carriers in North America only accounted for about 15% of the air volume, and now the top 4 account for 80% of all traffic. This has turned itself into a really, really good oligopoly, so they have pricing power. The interesting thing is that the airline group still trades at about 4.5X EBITDA, because people still have long memories of when they were horrible. (Analysts’ price target is $81.09.)

About 15-20 years ago, the top 10 airline carriers in North America only accounted for about 15% of the air volume, and now the top 4 account for 80% of all traffic. This has turned itself into a really, really good oligopoly, so they have pricing power. The interesting thing is that the airline group still trades at about 4.5X EBITDA, because people still have long memories of when they were horrible. (Analysts’ price target is $81.09.)

Bruce Tatters
Founding Partner and CIO, Triumph Asset Management
Price
$73.530
Owned
Yes
TOP PICK
TOP PICK
January 10, 2017

Refining doesn’t have anything to do with the price of oil, it has to do with crack spreads and refining margins. One of the things that has been absolutely killing refiners in the last 3-4 years is the RIN legislation of the Obama administration, requiring them to pay for renewable credit every time they produced gasoline and diesel fuel. The new administration is likely to change all that, and dramatically improve profitability. Dividend yield of 3.55%. (Analysts’ price target is $72.29.)

Valero Energy Corp (VLO-N)
January 10, 2017

Refining doesn’t have anything to do with the price of oil, it has to do with crack spreads and refining margins. One of the things that has been absolutely killing refiners in the last 3-4 years is the RIN legislation of the Obama administration, requiring them to pay for renewable credit every time they produced gasoline and diesel fuel. The new administration is likely to change all that, and dramatically improve profitability. Dividend yield of 3.55%. (Analysts’ price target is $72.29.)

Bruce Tatters
Founding Partner and CIO, Triumph Asset Management
Price
$66.530
Owned
Yes
BUY
BUY
January 10, 2017

He is a proponent of emerging markets in general. If he were to use only one country to invest in, it would be India. This is a good product and one he uses personally. He wouldn’t go more than 7%-8% of your portfolio.

He is a proponent of emerging markets in general. If he were to use only one country to invest in, it would be India. This is a good product and one he uses personally. He wouldn’t go more than 7%-8% of your portfolio.

John DeGoey
Portfolio Manager, Industrial Alliance Securities
Price
$18.260
Owned
Yes
BUY
BUY
January 10, 2017

He is a proponent of emerging markets in general. If he were to use only one country to invest in, it would be India. This is a good product and one he uses personally. He wouldn’t go more than 7%-8% of your portfolio.

He is a proponent of emerging markets in general. If he were to use only one country to invest in, it would be India. This is a good product and one he uses personally. He wouldn’t go more than 7%-8% of your portfolio.

John DeGoey
Portfolio Manager, Industrial Alliance Securities
Price
$28.240
Owned
Yes
COMMENT
COMMENT
January 10, 2017

This is fine, but there are others he likes better. He would rather use iShares MSCI Emerging Markets (XEC-T), a small-cap tilt, or Sphere FTSE Emerging Market Sustainable Yield (SHZ-T) as a tilt towards value. His primary recommendation in emerging markets is Vanguard MSCI Emerging Market (VEE-T).

This is fine, but there are others he likes better. He would rather use iShares MSCI Emerging Markets (XEC-T), a small-cap tilt, or Sphere FTSE Emerging Market Sustainable Yield (SHZ-T) as a tilt towards value. His primary recommendation in emerging markets is Vanguard MSCI Emerging Market (VEE-T).

John DeGoey
Portfolio Manager, Industrial Alliance Securities
Price
$12.230
Owned
Unknown
COMMENT
COMMENT
January 10, 2017

Doesn’t know this one very well. The fundamentals have been very good with rates rising and the economy being strong for banks and insurance companies. If you are a person that invests in sectors, this is probably a good sector to be in right now.

Doesn’t know this one very well. The fundamentals have been very good with rates rising and the economy being strong for banks and insurance companies. If you are a person that invests in sectors, this is probably a good sector to be in right now.

John DeGoey
Portfolio Manager, Industrial Alliance Securities
Price
$12.200
Owned
No
COMMENT
COMMENT
January 10, 2017

This has banks from across the US. The story is a good one with regards to financials globally, and especially North America. He is not a sector guy, but if he were, finances would be a sector he would be in right now.

This has banks from across the US. The story is a good one with regards to financials globally, and especially North America. He is not a sector guy, but if he were, finances would be a sector he would be in right now.

John DeGoey
Portfolio Manager, Industrial Alliance Securities
Price
$25.940
Owned
No