ZWU-T vs. ZWB-T. Rising interest rates are positive for revenues for banks, not profits necessarily. The yield curve is flattening and this is not good for banks. He prefers ZWU-t to ZWB-T.

ZWU-T vs. ZWB-T. Rising interest rates are positive for revenues for banks, not profits necessarily. The yield curve is flattening and this is not good for banks. He prefers ZWU-t to ZWB-T.

He likes it. He has used it in the past. One to three year corporate bonds. He has moved all his short term corporate bonds into floating rate notes, which will do better.

It's only been trading a few days. Cyber security is going to be one of the most important industries for the next half century. It is a young industry so in an economic downturn, spending here is the first to get cut back.

It is a mortgage company. They are sensitive to rates. It is not a bad entry point. It is a yield play. There won't be much capital appreciation. The amortization of the portfolio will accelerate. Four rate hikes by the Fed next year would be a headwind.

We are just starting to see the first signs of credit strain last quarter. But C-N trades quite cheap. He prefers other US banks like JPM-N. The big guys have more levers to pull to get through the credit storm. C-N will have some revenue headwinds. Now is not the time to plow into financials.

They have drugs going off patent in 2020. They have 5 big names coming into trials at the same time. He is not clear on what will cause it to bounce. Don't buy lows. The price is confirmed by relative strength.