Latest Expert Opinions

Signal
Opinion
Expert
WATCH
WATCH
October 16, 2017

The broad Canadian bond market. The interest rate risk on the broader market is at 7 which mean if we see a 100 basis point increase in interest rates, you will lose about 7% in terms of capital. It is not time to step in yet. If interest rates went up 25 basis points then it would be time to move in. Don’t extend duration until interest rates go up a little but.

The broad Canadian bond market. The interest rate risk on the broader market is at 7 which mean if we see a 100 basis point increase in interest rates, you will lose about 7% in terms of capital. It is not time to step in yet. If interest rates went up 25 basis points then it would be time to move in. Don’t extend duration until interest rates go up a little but.

Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
Price
$30.780
Owned
Unknown
WEAK BUY
WEAK BUY
October 16, 2017

When the consumer is at risk, such as in an economic slowdown, it is this one that underperforms. When the economy performs well and credit is building it does well. He is cautious right now. He thinks it is extended and is late cycle. This is a payment processor and not a lender. Non-payment risk goes to the underlying financial institutions.

Mastercard Inc. (MA-N)
October 16, 2017

When the consumer is at risk, such as in an economic slowdown, it is this one that underperforms. When the economy performs well and credit is building it does well. He is cautious right now. He thinks it is extended and is late cycle. This is a payment processor and not a lender. Non-payment risk goes to the underlying financial institutions.

Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
Price
$146.220
Owned
Unknown
BUY
BUY
October 16, 2017

It is a very good strategy. They don’t own the stocks but buy a derivate (futures based swap contract) so you don’t get a tax withholding. This is an advantage in taxable accounts. It’s only been out a short while. It is a very good product for people focusing on tax efficiency.

It is a very good strategy. They don’t own the stocks but buy a derivate (futures based swap contract) so you don’t get a tax withholding. This is an advantage in taxable accounts. It’s only been out a short while. It is a very good product for people focusing on tax efficiency.

Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
Price
$32.100
Owned
Unknown
BUY WEAKNESS
BUY WEAKNESS
October 16, 2017

Laddered preferreds. They do well in rising interest rate environments. Fundamentally it is not cheap here. He got a lot a year ago. He does not like the relative value here. He would buy into weakness on a pull pack. That could happen in December.

Laddered preferreds. They do well in rising interest rate environments. Fundamentally it is not cheap here. He got a lot a year ago. He does not like the relative value here. He would buy into weakness on a pull pack. That could happen in December.

Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
Price
$11.790
Owned
No
DON'T BUY
DON'T BUY
October 16, 2017

The energy sector is challenged. He has owned this one on and off over the years. When there is potential growth in drilling this is a go to stock. It seems the lack of pipelines out of Canada will be a problem. This stock will probably not have a material rally. If we have a regime change in 2019 and there is more openness to pipelines we get a change.

Precision Drilling (PD-T)
October 16, 2017

The energy sector is challenged. He has owned this one on and off over the years. When there is potential growth in drilling this is a go to stock. It seems the lack of pipelines out of Canada will be a problem. This stock will probably not have a material rally. If we have a regime change in 2019 and there is more openness to pipelines we get a change.

Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
Price
$3.270
Owned
Unknown
HOLD
HOLD
October 16, 2017

There is some short term resistance. There is nothing wrong technically. He would be concerned if we took out the lows from the last couple of months. The long term trend line looks good. He is not concerned right now.

Maple Leaf Foods (MFI-T)
October 16, 2017

There is some short term resistance. There is nothing wrong technically. He would be concerned if we took out the lows from the last couple of months. The long term trend line looks good. He is not concerned right now.

Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
Price
$33.290
Owned
Unknown
BUY
BUY
October 16, 2017

It is on his buy list. He likes that management has been switching out of more hedgy types of positioning and into traditional long approaches to the market. FFH-T has good exposure to India. He likes it.

Fairfax Financial (FFH-T)
October 16, 2017

It is on his buy list. He likes that management has been switching out of more hedgy types of positioning and into traditional long approaches to the market. FFH-T has good exposure to India. He likes it.

Keith Richards
Portfolio Manager, ValueTrend Wealth Management
Price
$642.540
Owned
No