Today, Larry Berman CFA, CMT, CTA and Keith Richards commented about whether CASH, FFH-T, XLP-N, PPL-T, CELG-Q, PONY-T, GIB.A-T, MGM-N, SOX-I, IQ-Q, FTS-T, CR-T, MRU-T, TV-T, BNS-T, SMG-N, LYG-N, ARX-T, ZID-T, XLP-N, ZLB-T, MSFT-Q, XGD-T, MDLZ-Q, HBM-T, ZJO-T, ZWU-T, HHL-T, MFC-T, SU-T, ZWC-T are stocks to buy or sell.
Specific info Larry looks for when deciding to buy, hold or sell. He looks at time frame for ownership. He looks out 1-6 months and asks, taking risk into account, what is the expectation. He looks at company specific risks as well as sector risks, which are more often important, depending on the sector.
He has been reducing it recently because of relative risk in Canada compared to the rest of the world. This ETF has the best dividend players in Canada. There is very low risk of cutting, and they are very likely to grow dividends. They have a covered call overlay to increase yield. There is also ZDV-T without the covered call strategy and this will give you more growth rather than yield.
Health care leaders. They use option strategies to enhance yield. As broad markets turned down in '15/16, this index fell and now that things have recovered, it has done so but less than the market. This is a way to play this space. It is an active strategy and a fine one if you want exposure to healthcare.
Market. BREXIT. You are seeing a real risk with Boris Johnson stepping down and there could be a confidence vote with Teresa May's government. As we get into earnings season this is important. If the markets can't make new highs, it would be a sign of a bigger top forming. What's going on in Italy will percolate up also. He thinks the Fed should wait on a rate hike to see what the trade impact will be. They have made a move to be less transparent. They keep the market guessing. The talk on the street is for a dovish rate hike. They made say that this is the last rate hike for a while.