Today, Hap (Robert) Sneddon FCSI and John Hood commented about whether NUGT-N, ZCH-T, ZGQ-T, ZEB-T, XLV-N, XIU-T, HEW-T, VEE-T, ZEO-T, VCN-T, VGK-N, GLD-N, SOXX-Q, ZWE-T, OTEX-T, ERF-T, XBM-T, FTS-T, BNS-T, PXT-T, NA-T, V-N, BAM.A-T, LYG-N, XBM-T, IBB-Q, ALA-T, ITP-T, BAC-N, GE-N, JPM-N, BCE-T, CM-T, AD-T, LB-T, TECK.B-T are stocks to buy or sell.
Watch out for more volatility until the U.S. midterms, just like weeks leading up to the 2016 election. He's sitting on cash. He bought a little during last week's dip, but there wasn't enough to disrupt his asset allocation. The correction was deeper in early-February. Be positioned for whatever happens. What kills the bull market? Interest rates will likely rise 3-4 times in the coming year, and there's nothing wrong with that, because it's a sign of a strong economy. But at 3%, the bond market looks attractive again. It's possible that the yield could rise then fall below 3%.
Likes this. He'd buy this if he were playing Europe. But diversify with, say, ZWU, which does covered call for utilities and has expanded beyond Canadian utilities into the U.S. Also look at ZWA and ZWH for further diversification. He likes all these covered calls. The fees are high, but he has seen first-hand the added value these products give.
Holds all the big semiconductors, but it's a concentrated space. This ETF equal-weights these semis, which is good. This is a good long-term hold. The big growth spurts in semis has passed, though, but this sector is worth holding onto. Charges 47 basis-points in their MER, which is fine, because you're keeping your investing costs below 1%.
Floating rate bond ETFs: He has had the HFR product from Horizon for years. He likes it because the price doesn't change and has a good duration of six months. It kicks out 2-2.25%. The problem with alot of bonds, though, is that yields look good, but your actual total return is actually much lower. So, he likes floating-rate bonds.
We are right at the inflection point. You get a lot of good names. The risk reward is really good. He would buy this for clients coming in.