Latest Expert Opinions

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
December 18, 2017

Canada’s energy sector is going to underperform the US. Most of what they do is oil and gas extraction: heavy oil from the oil sands. He is surprised valuation is holding up this much. He sees more downside risk than upside potential. You might be a dip buyer but it is not attractive at this point.

Canada’s energy sector is going to underperform the US. Most of what they do is oil and gas extraction: heavy oil from the oil sands. He is surprised valuation is holding up this much. He sees more downside risk than upside potential. You might be a dip buyer but it is not attractive at this point.

Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
Price
$43.350
Owned
Unknown
WATCH
WATCH
December 18, 2017

It is not his favourite but he has no issue with it. He is more of an ETF buyer. It is extremely overbought. The yield curve is flattening dramatically so the net interest margin is not going to be there for the banks. Toward the end of next year there is more market risk potential also. There is too much risk to step in at this level.

Bank of America (BAC-N)
December 18, 2017

It is not his favourite but he has no issue with it. He is more of an ETF buyer. It is extremely overbought. The yield curve is flattening dramatically so the net interest margin is not going to be there for the banks. Toward the end of next year there is more market risk potential also. There is too much risk to step in at this level.

Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
Price
$29.480
Owned
Unknown
BUY WEAKNESS
BUY WEAKNESS
December 18, 2017

He likes gold and has been buying it but he buys it through ETFs like ZGD-T. He is playing for a rally where ABX-T gets to $22, 15% upside. He would sell at that point.

Barrick Gold (ABX-T)
December 18, 2017

He likes gold and has been buying it but he buys it through ETFs like ZGD-T. He is playing for a rally where ABX-T gets to $22, 15% upside. He would sell at that point.

Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
Price
$18.430
Owned
Unknown
HOLD
HOLD
December 18, 2017

In a covered call strategy there are two factors for the distribution: Distribution of equities the ETF holds and premiums from the covered calls. There were no cuts in the stocks’ dividends but volatility shrunk so much this year that the premium from the covered call overlay is coming down and that is what brought the ETF’s distribution down. Don’t worry about it. We will see volatility pick up in the future.

In a covered call strategy there are two factors for the distribution: Distribution of equities the ETF holds and premiums from the covered calls. There were no cuts in the stocks’ dividends but volatility shrunk so much this year that the premium from the covered call overlay is coming down and that is what brought the ETF’s distribution down. Don’t worry about it. We will see volatility pick up in the future.

Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
Price
$13.935
Owned
Unknown
BUY
BUY
December 18, 2017

Largely international healthcare companies with an option strategy overlaying it. It is an active strategy. It is a nice combination for exposure to the healthcare sector. It will be a good yielder but not a big grower.

Largely international healthcare companies with an option strategy overlaying it. It is an active strategy. It is a nice combination for exposure to the healthcare sector. It will be a good yielder but not a big grower.

Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
Price
$8.450
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
December 18, 2017

(A Top Pick Apr 7/17, Down 29%) They did a good job of paying down debt. He thinks they will now move on to phase II of the current project and will bring up production. They will more than double production. It will continually bring on more cash flow. He thinks the stock is cheap.

Pengrowth Energy (PGF-T)
December 18, 2017

(A Top Pick Apr 7/17, Down 29%) They did a good job of paying down debt. He thinks they will now move on to phase II of the current project and will bring up production. They will more than double production. It will continually bring on more cash flow. He thinks the stock is cheap.

Josef Schachter
President, Schachter Asset Management
Price
$1.010
Owned
No
PAST TOP PICK
PAST TOP PICK
December 18, 2017

(A Top Pick Apr 7/17, Down 22%) They have done a great job. They are completing their current well in Q2. He recommends buying it on weakness.

InPlay Oil Corp (IPO-T)
December 18, 2017

(A Top Pick Apr 7/17, Down 22%) They have done a great job. They are completing their current well in Q2. He recommends buying it on weakness.

Josef Schachter
President, Schachter Asset Management
Price
$1.530
Owned
No