Latest Expert Opinions

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
November 20, 2018
Don’t buy now. Mainly because of uncertainty surrounding steel and aluminum tariffs. Canada’s cyclicals have been beaten down, so there could be value, but economic growth will slow somewhat. This would be a value trap.
Stelco Holdings Inc.(STLC-T)
November 20, 2018
Don’t buy now. Mainly because of uncertainty surrounding steel and aluminum tariffs. Canada’s cyclicals have been beaten down, so there could be value, but economic growth will slow somewhat. This would be a value trap.
Zachary Curry
Chief Operating Officer & Portfolio Manager, Davis-Rea Ltd.
Price
$20.290
Owned
Unknown
BUY WEAKNESS
BUY WEAKNESS
November 20, 2018
Negative push towards Canada from outside (housing levels, debt), and this includes the banks. But he’s positive on Canadian banks, they earn a lot of money. If housing does decline, those profits let banks weather the storm. Trade at good values, good profits, dividends are safe and valuable in times of market volatility. If you have a position already, you can afford to nibble away at it.
Royal Bank(RY-T)
November 20, 2018
Negative push towards Canada from outside (housing levels, debt), and this includes the banks. But he’s positive on Canadian banks, they earn a lot of money. If housing does decline, those profits let banks weather the storm. Trade at good values, good profits, dividends are safe and valuable in times of market volatility. If you have a position already, you can afford to nibble away at it.
Zachary Curry
Chief Operating Officer & Portfolio Manager, Davis-Rea Ltd.
Price
$93.620
Owned
Unknown
DON'T BUY
DON'T BUY
November 20, 2018
Buying opportunity? It has some fantastic brands, but subject to fads, which could have a material effect. But he has some concerns such as high valuation for consumer products company, management structure, and Toys R Us issue in the States. Be cautious on this name. You could be seeing some profit taking right now.
Spin Master Corp(TOY-T)
November 20, 2018
Buying opportunity? It has some fantastic brands, but subject to fads, which could have a material effect. But he has some concerns such as high valuation for consumer products company, management structure, and Toys R Us issue in the States. Be cautious on this name. You could be seeing some profit taking right now.
Zachary Curry
Chief Operating Officer & Portfolio Manager, Davis-Rea Ltd.
Price
$42.330
Owned
No
BUY WEAKNESS
BUY WEAKNESS
November 20, 2018
Making inroads against Amazon. Good earnings, recent acquisition is working. Current pullback is indicative of the market overall. Positive time of year for them. As online becomes a bigger component of sales, that will be reflected in the valuation. A defensive name, a stable investment, so it would go down less in a down market.
Walmart Inc(WMT-N)
November 20, 2018
Making inroads against Amazon. Good earnings, recent acquisition is working. Current pullback is indicative of the market overall. Positive time of year for them. As online becomes a bigger component of sales, that will be reflected in the valuation. A defensive name, a stable investment, so it would go down less in a down market.
Zachary Curry
Chief Operating Officer & Portfolio Manager, Davis-Rea Ltd.
Price
$94.160
Owned
Unknown
DON'T BUY
DON'T BUY
November 20, 2018
Earnings looked good. They freed up capital for buybacks. Interest rate hikes are positive, but might take time to come through. Product sales are good in Asia, so fundamentally in good shape. Overhang of US lawsuits, which will go on for a while. Negative Canadian bias from outside of Canada. Stock won’t move until things get cleaned up. Prefers the banks.
Manulife Financial(MFC-T)
November 20, 2018
Earnings looked good. They freed up capital for buybacks. Interest rate hikes are positive, but might take time to come through. Product sales are good in Asia, so fundamentally in good shape. Overhang of US lawsuits, which will go on for a while. Negative Canadian bias from outside of Canada. Stock won’t move until things get cleaned up. Prefers the banks.
Zachary Curry
Chief Operating Officer & Portfolio Manager, Davis-Rea Ltd.
Price
$21.300
Owned
No
WAIT
WAIT
November 20, 2018
Add more? Has hung in fairly well compared to other tech. Viewed as more of a traditional tech company. Well managed. Cloud services are growing. Doing all the right things fundamentally. Tech spend will continue to increase. Sees core businesses growing. If you already own it, hold, but wait to add more and see if it comes down and holds around $95.
Microsoft(MSFT-Q)
November 20, 2018
Add more? Has hung in fairly well compared to other tech. Viewed as more of a traditional tech company. Well managed. Cloud services are growing. Doing all the right things fundamentally. Tech spend will continue to increase. Sees core businesses growing. If you already own it, hold, but wait to add more and see if it comes down and holds around $95.
Zachary Curry
Chief Operating Officer & Portfolio Manager, Davis-Rea Ltd.
Price
$101.710
Owned
Yes
BUY WEAKNESS
BUY WEAKNESS
November 20, 2018
Positive on the name. Whenever anything happens in the financial space, Goldman is there. Has more torque than a traditional bank, as its earnings are a bit more leveraged. Keeping money to grow the business instead of returning it to shareholders, a positive. Conservative on loan reserves. Would be looking to add, not exit.
Goldman Sachs(GS-N)
November 20, 2018
Positive on the name. Whenever anything happens in the financial space, Goldman is there. Has more torque than a traditional bank, as its earnings are a bit more leveraged. Keeping money to grow the business instead of returning it to shareholders, a positive. Conservative on loan reserves. Would be looking to add, not exit.
Zachary Curry
Chief Operating Officer & Portfolio Manager, Davis-Rea Ltd.
Price
$191.340
Owned
Yes