Latest Expert Opinions

Signal
Opinion
Expert
COMMENT
COMMENT
November 13, 2017

SPY-N vs. ZSP-T.  They should be identical except ZSP-T trades in Toronto but has exposure to the US$.  If the US$ gets stronger it should help the ETF.  SPY-N has underperformed dramatically because it is in US$.  They would be identical if you converted the dollars.  There is foreign tax withholdings of about 30 basis points on SPY-N.  ZSP-T gives you a foreign tax withholding also but you get a tax credit.

SPDR S&P 500 ETF(SPY-N)
November 13, 2017

SPY-N vs. ZSP-T.  They should be identical except ZSP-T trades in Toronto but has exposure to the US$.  If the US$ gets stronger it should help the ETF.  SPY-N has underperformed dramatically because it is in US$.  They would be identical if you converted the dollars.  There is foreign tax withholdings of about 30 basis points on SPY-N.  ZSP-T gives you a foreign tax withholding also but you get a tax credit.

Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
Price
$258.330
Owned
Unknown
COMMENT
COMMENT
November 13, 2017

SPY-N vs. ZSP-T.  They should be identical except ZSP-T trades in Toronto but has exposure to the US$.  If the US$ gets stronger it should help the ETF.  SPY-N has underperformed dramatically because it is in US$.  They would be identical if you converted the dollars.  There is foreign tax withholdings of about 30 basis points on SPY-N.  ZSP-T gives you a foreign tax withholding also but you get a tax credit.

BMO S&P 500 Index ETF(ZSP-T)
November 13, 2017

SPY-N vs. ZSP-T.  They should be identical except ZSP-T trades in Toronto but has exposure to the US$.  If the US$ gets stronger it should help the ETF.  SPY-N has underperformed dramatically because it is in US$.  They would be identical if you converted the dollars.  There is foreign tax withholdings of about 30 basis points on SPY-N.  ZSP-T gives you a foreign tax withholding also but you get a tax credit.

Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
Price
$36.240
Owned
Unknown
WEAK BUY
WEAK BUY
November 13, 2017

He loves covered call strategies.  They are very active managers and he thinks they do a very good job of it.  The last few years have been an up market in the healthcare market.  XLV-N is the broad US healthcare market.  You have a much better return with HHL-T because of the dividend as well.  It is a good way to hold healthcare late in the cycle.

He loves covered call strategies.  They are very active managers and he thinks they do a very good job of it.  The last few years have been an up market in the healthcare market.  XLV-N is the broad US healthcare market.  You have a much better return with HHL-T because of the dividend as well.  It is a good way to hold healthcare late in the cycle.

Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
Price
$8.300
Owned
No
SELL
SELL
November 13, 2017

Analysts are looking for some upside.  He would hit the sell button.  He has no direct exposure to the Canadian banks.  He thinks we’ll come back to the $62 level.  Wait on the sidelines for a correction within the next year.  There is nothing wrong with TD-T specifically.

Toronto Dominion(TD-T)
November 13, 2017

Analysts are looking for some upside.  He would hit the sell button.  He has no direct exposure to the Canadian banks.  He thinks we’ll come back to the $62 level.  Wait on the sidelines for a correction within the next year.  There is nothing wrong with TD-T specifically.

Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
Price
$72.810
Owned
No
WEAK BUY
WEAK BUY
November 13, 2017

Analysts generally have it as a hold.  Telecom is cheap to him.  They have been underperforming for almost a year.  IYZ-N reflects the telecom sector and he has been buying it.  He likes it here and is in an accumulation here.  He prefers the ETF to one company.  He does not know if VZ-N will be a winner over the boarder sector.

Verizon Communications(VZ-N)
November 13, 2017

Analysts generally have it as a hold.  Telecom is cheap to him.  They have been underperforming for almost a year.  IYZ-N reflects the telecom sector and he has been buying it.  He likes it here and is in an accumulation here.  He prefers the ETF to one company.  He does not know if VZ-N will be a winner over the boarder sector.

Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
Price
$44.750
Owned
Unknown
COMMENT
COMMENT
November 13, 2017

It is trading at double the NAV.  He does not know enough about it to say why it is trading at such a premium.  It has all the banks and US financials.  He thinks there is something wrong here.  He would want to do some homework on it.

It is trading at double the NAV.  He does not know enough about it to say why it is trading at such a premium.  It has all the banks and US financials.  He thinks there is something wrong here.  He would want to do some homework on it.

Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
Price
$19.250
Owned
Unknown
DON'T BUY
DON'T BUY
November 13, 2017

When the economy is strong, cyclical sectors tend to outperform.  He thinks we are very late in the economic cycle.  It could end any time now.  You want to be underweight cyclical late in the cycle.  When the market is down and the bad news is priced in, then that is when to overweight these.  Don’t add to industrials right now.

When the economy is strong, cyclical sectors tend to outperform.  He thinks we are very late in the economic cycle.  It could end any time now.  You want to be underweight cyclical late in the cycle.  When the market is down and the bad news is priced in, then that is when to overweight these.  Don’t add to industrials right now.

Adam Thomas
Vice President & Portfolio Manager, Qwest Fund Management
Price
$133.400
Owned
Unknown