Today, Brian Acker, CA commented about whether BAC-N, CSCO-Q, INTC-Q, ENB-T, PAYX-Q, CRM-N, ACO.X-T, ALA-T, LNR-T, CNR-T, PM-N, INTC-Q, AAPL-Q, C-N, EMA-T, TIH-T, EW-N, WFC-N, PWF-T, DSG-T, META-Q, AMAT-Q, ARE-T, JNJ-N are stocks to buy or sell.
Model price is $45.06. 54% upside but there is no catalyst for this stock to get moving. It is dead money. If it is trading below its EBV -5, there is something wrong with its balance sheet and this one is too big relative to its earnings. The regulators are really rough in the financial industry. Use your tax loss.
(A Top Pick Aug 4/17, Up 6%) He has had good returns since he has bought it but it has gone flat. They have room to expand their dividends even more. They are on an aggressive buy back program. If the US equity markets are going to go higher it has to be with the financials. He is still staying with it. There is about 9% upside according to model price.
Market. There was a ruling against trans-mountain pipeline today. The US is not cheap enough to sell his US dollars to come back. It could be an economic downturn catalyst but probably will not be. NAFTA is critical for us to leverage of the US economic success. He is putting client's money to work in the US. Canada has major issues. You have to be selective in Canada. You are looking for companies with US exposure, income and earnings. Today's news in the energy sector is not positive.