Latest Expert Opinions

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
March 13, 2018

The stock has done very well, but it's extremely rich--a risky valuation. There are cheaper, less risky tech stocks out there. Possibly, Amazon or somebody can just copy what they're doing. Also, he's worried that a lot of money is being invested here merely because it's the lone Canadian tech stock (not counting Blackberry).

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Shopify Inc. (SHOP-T)
March 13, 2018

The stock has done very well, but it's extremely rich--a risky valuation. There are cheaper, less risky tech stocks out there. Possibly, Amazon or somebody can just copy what they're doing. Also, he's worried that a lot of money is being invested here merely because it's the lone Canadian tech stock (not counting Blackberry).

COMMENT
COMMENT
March 13, 2018

He's underweight telecoms, though BCE's dividend is strong and will grow in the near future. There's growth in this space, but there's also secular decline in satellites and landlines. He feels neutral about BCE. It's a good name to hold, though, for cash flow.

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BCE Inc. (BCE-T)
March 13, 2018

He's underweight telecoms, though BCE's dividend is strong and will grow in the near future. There's growth in this space, but there's also secular decline in satellites and landlines. He feels neutral about BCE. It's a good name to hold, though, for cash flow.

COMMENT
COMMENT
March 13, 2018

Just hit an all-time high today. He loves the tech space, but prefers buying the individual names as a general investing strategy. This ETF is fine and will do well going forward. Caution: the tech trade may become volatile and it's already getting crowded. VGT is all U.S. holdings, so it's better to look overseas, particularly Asia.

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Just hit an all-time high today. He loves the tech space, but prefers buying the individual names as a general investing strategy. This ETF is fine and will do well going forward. Caution: the tech trade may become volatile and it's already getting crowded. VGT is all U.S. holdings, so it's better to look overseas, particularly Asia.

DON'T BUY
DON'T BUY
March 13, 2018

Their 200-day moving average has been flat for a year and is starting to decline. It faces many headwinds: costs, heavy competition (from Walmart, Costco, Amazon); reform in testing of generic drugs; and higher wages in some provinces.

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Their 200-day moving average has been flat for a year and is starting to decline. It faces many headwinds: costs, heavy competition (from Walmart, Costco, Amazon); reform in testing of generic drugs; and higher wages in some provinces.

DON'T BUY
DON'T BUY
March 13, 2018

From a technical perspective, the stock looks bad. It has had a big fall-off. Going from $88 to $76 is a big drop for a stock like this. There is some buying support, the yield is not bad, but he would recommend caution and a tight stop, perhaps $72 and would not expect a near-term rise higher than $78. There is probably going to be a period of consolidation.

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Exxon Mobil (XOM-N)
March 13, 2018

From a technical perspective, the stock looks bad. It has had a big fall-off. Going from $88 to $76 is a big drop for a stock like this. There is some buying support, the yield is not bad, but he would recommend caution and a tight stop, perhaps $72 and would not expect a near-term rise higher than $78. There is probably going to be a period of consolidation.

BUY
BUY
March 13, 2018

The caller asked for an evaluation of Lumentum in the context of its acquisition of Oclaro (OCLR-O). He says that this stock’s chart looks terrific. It shows a lot of momentum, good earnings growth momentum, the stock shows a lot of volume on its upside breakout. He can see this going to $80 quickly and expects it to do well over a 3-to-6-month time frame. However, you should set an exit point for every trade. For this stock, he recommends that you start reducing if it drops to $65 and get completely out if it reaches $60. He would also reduce if it pulls back below its 20-day moving average.

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The caller asked for an evaluation of Lumentum in the context of its acquisition of Oclaro (OCLR-O). He says that this stock’s chart looks terrific. It shows a lot of momentum, good earnings growth momentum, the stock shows a lot of volume on its upside breakout. He can see this going to $80 quickly and expects it to do well over a 3-to-6-month time frame. However, you should set an exit point for every trade. For this stock, he recommends that you start reducing if it drops to $65 and get completely out if it reaches $60. He would also reduce if it pulls back below its 20-day moving average.

DON'T BUY
DON'T BUY
March 13, 2018

He likes Europe, though earnings momentum is starting to flatten compared to the U.S. Here, you own high-dividend stocks in Europe, then put a covered call and pick up some more income while it's hedged to CAD. Because has risen against CAD, you're better off owning an un-hedged version of this strategy. It's better to own the underlying security instead of a covered call like this to earn a better return. Best to own a covered call in a flat or sideways market.

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He likes Europe, though earnings momentum is starting to flatten compared to the U.S. Here, you own high-dividend stocks in Europe, then put a covered call and pick up some more income while it's hedged to CAD. Because has risen against CAD, you're better off owning an un-hedged version of this strategy. It's better to own the underlying security instead of a covered call like this to earn a better return. Best to own a covered call in a flat or sideways market.