Daily Stock Opinions and Ratings

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Today, Larry Berman CFA, CMT, CTA and Teal Linde commented about whether LNR-T, AL-N, TD-T, IPL-T, BCE-T, T-N, SLF-T, MET-N, PBH-T, FIVE-Q, MU-Q, LB-T, MG-T, NFLX-Q, DIS-N, GE-N, ECA-T, MFC-T, AMC-N, TWM-T, RY-T, OTEX-T, NFI-T, BAC-N, KEY-T, CSU-T, TSLA-Q, G-T, BIP.UN-T, ZWU-T, ZUT-T, ZWC-T, ZWE-T, FLRN-N are stocks to buy or sell.

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Market. BREXIT: The UK cannot afford a no-deal exit but like all of these things, it will go down to the wire. There is uncertainty and markets don’t like it. You want to be long the British Pound. With China there is the arrest of the CEO of a major telecom company from China. There is no solution to the trade issue and this is just more of the problem. The Fed will raise rates in the US on the 19th. The global economy is still strong. The S&P is undercutting the October low. Some think we are one foot into the recession starting. Perhaps the lows will be broken in February.

SELL

Floating Rate notes. It is an ETF representing floating rate notes. These are something that will do well in a rising rate environment. We will see what rate move the Fed does next week but he expects it Dovish. You will get two Fed rate hikes but the market is predicting 4. He is looking to reduce his positions into other areas.

PARTIAL SELL

It is the best way to play Europe if you need yield. The market should stabilize and bounce into the first quarter, but the bear market is well underway. You should diversify part into the US and into utilities.

PARTIAL SELL

RESET Preferreds. Now the expectation is that the next BOC move could be a cut be he doubts that. We will likely get two raises into next year, and in that case he would be worried about the reset preferreds market. It will probably be a bear market for the for the next two years.

PARTIAL SELL

Moving to a Non-Covered Call version. The ultimate bottom/bottom is not in. If you are long term strategic, you stick with the covered call overlays. He'd be okay making a switch today.

COMMENT

ZUT-T vs. ZWU-T. As we go into a recession, bond rates are dropping. ZUT-T is an equal weight exposure to traditional Canadian utilities. ZWU-T includes telcos and pipelines. He is always more in favour of diversification.

COMMENT

HOLD

These guys have lots of debt on the books. There is a factor there. It is a 7.5% dividend but nothing yields a safe 7.5% dividend. There were analyst updates today and they like it, but he does to think that is something to hang your hat on. (Analysts’ price target is $22.50)

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Educational Segment. Seasonality this time of year is very positive as everyone looks for a Santa Clause rally. His chart does not include 1987. Sell in May and Go Away still holds until early October. This year has not played out at all. As markets recovered, there was a big down. We got none of the taking off from the seasonal lows of October. This is the longest bull market in history. We expect a bunch of failed rallies. We likely will not get anything big on the upside. The highs are probably in for this bull cycle. Bear market rallies on good news can make new highs, but we are in a bear market.

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Canadian Dollar. There has been a lot of damage to oil and gas. The curtailing of supply has helped tremendously. In a global recession it will not have helped. It will play out into 2020. Buy US$ into a pullback.

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Market. Sell the rallies instead of buying the dips. Many investors are feeling shell shocked with 10% loses in portfolios. This is not out of the ordinary. 2018 has been a tame year. Once every two years the S&P goes down more than 10%. In the last 5-6 years investors are used to much less variation. Tech stocks ran up a lot and now came off a lot. He does not think it is a tech bubble. They have economically justified their growth.

COMMENT

The price of gold is in a bear market. It looks like it is bottoming out. Gold stocks have only gone down 7% while gold had gone down 20%. G-T has the opportunity for a turnaround. They own 10 years of growth prospects going into the next decade. They are a low cost producer. This quarter could be a turning point.

SELL

It has done a lot better than he ever expected. He has it in some client accounts. It has gone up about 11 times since it IPO'ed and is worth more than Ford and GM but only produced 10 million cars. He is going to sell off.

COMMENT

Has been a tremendous stock to own over the last decade. But the sock is quite high at a tie when it is having its largest challenges to growth. It is difficult to grow.

BUY ON WEAKNESS

The mid streams are one of the areas he is following and one area you have been able to make money on. They have been down because they missed estimates last quarter. Their tax rate was a little higher than expected. They said they may have to raise equity and the market did not like that. It is one of the higher quality mid-stream companies. It is a buying opportunity. (Analysts’ price target is $40.00)

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