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Latest Stock Buy or Sell?

Today, Larry Berman CFA, CMT, CTA commented about whether HVT-X, CYBR-T, EMA-T, HBF-T, ZWH-T, ZPW-T, ZUD-T, ZDY-T are stocks to buy or sell.

N/A

Market. The yield curve in Japan has been flat with negative interest rates for some time. They are the world leader in QE. They are the single largest holder of Japanese ETFs in the world. He thinks they will target shorter parts of the curve. And longer term parts of the curve will creep higher. There is a tremendous supply of bonds coming to the market. He thinks we will start to see a steepening of the yield curve. It will be interesting to see what happens to mortgage rates. Tensions with Iran are bearish for the world – don't go out and buy oil stocks because of it. The FANG index is hitting resistance and he thinks we are in for a correction.

Unknown
BUY

ZDY-T vs. ZUD-T. They are identical holdings. ZUD-T has a currency hedge. He buys ZDY-T to get exposure to the US dollar as well as US dividends. If he thinks the CAD$ will get stronger, he trades to ZUD-T. You can also get ZDY.U-T to buy it in US$.

E.T.F.'s
BUY

ZDY-T vs. ZUD-T. They are identical holdings. ZUD-T has a currency hedge. He buys ZDY-T to get exposure to the US dollar as well as US dividends. If he thinks the CAD$ will get stronger, he trades to ZUD-T. You can also get ZDY.U-T to buy it in US$.

E.T.F.'s
BUY

ZPW-T vs. ZWH-T. ZPW-T has no capital growth – it is purely a yield play. ZWH-T can be paired to get downside protection. There is a third of the risk of the S&P-500.

E.T.F.'s
BUY

ZPW-T vs. ZWH-T. ZPW-T has no capital growth – it is purely a yield play. ZWH-T can be paired to get downside protection. There is a third of the risk of the S&P-500.

0
BUY

Compared to ZWA-T, it has a covered call overlay also and they have performed pretty identically. If you go back more than 3-5 years then HBF-T has underperformed. Either one are strategies he would like to own.

E.T.F.'s
HOLD

Utilities in general are cyclical and linked highly to interest rates. We don’t have to worry too much about yields going too high. But he does not see much scope for growth in the stock for two years. ZWU-T would add some diversification while leaving you exposed to this sector. Both tickers are similar on a chart.

mngmnt / diversified