Latest Stock Buy or Sell?
Today, Terry Shaunessy commented about whether EQL-T, XBM-T, XEC-T, EWY-N, ICLN-Q, IHI-N, ZBK-T, ZUB-T, XAW-T, VEE-T, MIND-T, VXC-T, ZWB-T, ZWU-T, ZEA-T, XEC-T, HXX-T, ZWU-T, IWM-N, HPR-T, HHL-T, HMMJ-T are stocks to buy or sell.
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How to play the US trade tumult? You have to look through it. It’ll calm down. US earnings quite good, economy is strong, employment’s good, consumer’s in good shape. In Europe, they’ll start to move off monetary policy, and towards fiscal stimulus, especially in Germany. Low rates aren’t doing anything for Europe anymore.
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Unknown
With the TSX hitting new highs, can investors heavily invested in Canada, expect better than 2% this year? Depends on energy, doesn’t see much happening with financials. Excitement in energy has been due to the lift in crude oil prices, but this is temporary. Not that there’s anything wrong with Canada, it’s just there’s not enough fuel in the tank to get Canada beyond where it is.
Canadian financials. Will they keep going sideways? Yes. Canadians have been heavy borrowers for housing, but regulations have cooled this down. Profits are the fuel for earnings. At end of the day, earnings can’t go up if profits aren’t going up.
Benefit of ETFs. Important to diversify your portfolio. All the big ETF providers have full suite of non-Canadian stocks and bonds, hedged and non-hedged. He encourages people to move outside of Canada.
Covered call ETFs. Covered call ETFs attract attention because of the big yield. Over a longer period of time, a regular ETF will do better than covered call. What you get in income, you give up in performance. They’re very expensive, by at least 0.25%. Looks like it’ll work, but it doesn’t.
Good time to get in? His firm uses only ETFs. This is an example of where ETFs are not the way to go on themes. All the enthusiasm about marijuana is already baked in, so could sell off once it’s legal. Canopy Growth is the Phillip Morris of marijuana. Why pay the premium of the ETF, just buy Canopy Growth.
Ignore this one. A recent arrival. Another covered call ETF. Compare it to ZUH or XLB, which are so much cheaper. If you like the healthcare sector, which he would question with the Trump wild card, be careful and pick a mainstream ETF.
