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Latest Stock Buy or Sell?

Today, Larry Berman CFA, CMT, CTA commented about whether MEG-T, HBM-T, VCNS-T, VBAL-T, VGRO-T, ZWU-T are stocks to buy or sell.

N/A

Market. It's October so we tend to get some volatility. There are issues with Chinese tariffs. He thinks it will get much larger before it get better. It is all part of the late cycle behavior. The tax cuts are a sugar coating that stimulates earnings. Current geopolitical risks are (1) Brexit deal uncertainty; (2) the Italian Budget; (3) Saudi Arabia / Middle East Tensions; and (4) Trade Wars.

Unknown
BUY

High dividend covered call telcos and utilities, 70% Canadian, 30% US. He really likes it. These tend to underperform during rising interest rates. Banks do a bit better (ZWB-T (covered Call Banks)/ZWE-T) in this environment. He likes them paired with ZWU-T. He owns no Canadian banks right now.

E.T.F.'s
BUY

VGRO-T vs. VBAL-T vs. VCNS-T. Would the three be enough for a retirement portfolio? VGRO-T is 80% equity, 20% bonds; VBAL-T is 60% equity, 40% bonds; and VCNS-T is 40% equity, 60% bonds. Don't hold them together. They hold the same thing at different proportions and equate to VBAL-T if all held equally. Move between them as market conditions dictate.

E.T.F.'s
BUY

VGRO-T vs. VBAL-T vs. VCNS-T. Would the three be enough for a retirement portfolio? VGRO-T is 80% equity, 20% bonds; VBAL-T is 60% equity, 40% bonds; and VCNS-T is 40% equity, 60% bonds. Don't hold them together. They hold the same thing at different proportions and equate to VBAL-T if all held equally. Move between them as market conditions dictate.

E.T.F.'s
BUY

VGRO-T vs. VBAL-T vs. VCNS-T. Would the three be enough for a retirement portfolio? VGRO-T is 80% equity, 20% bonds; VBAL-T is 60% equity, 40% bonds; and VCNS-T is 40% equity, 60% bonds. Don't hold them together. They hold the same thing at different proportions and equate to VBAL-T if all held equally. Move between them as market conditions dictate.

0
DON'T BUY

Most of their revenue is from Copper. It is a base metal play. You have to watch China. China is slowing. He does not think Copper will have a big upswing any time soon. He prefers more diversification through ETFs into these spaces.

precious metals
HOLD

It is the subject of a hostile takeover challenge. He thinks you should get the opinion of more under-the-hood kinds of guys. The market is trading above the takeover bid which indicates there is a possible higher bid.

oil / gas