DON'T BUY
China impacts? A neutral valuation for him. Trades at 14 times earnings. Lots of room to improve the yield going forward. Just not compelling right now. Issues with China may result in slightly higher prices. (Analysts’ price target is $170.31)
HOLD
They have consistently grown their yield. It operates in an oligopoly. It has been right sizing some of their businesses. A rate decrease will hurt their earnings. Not the cheapest in the space. Yield 4.85%
COMMENT
He would prefer HBM-T. The trend is not your friend with TV-T. The danger is that it can be left for dead and continue to get cheaper without anyone stepping in. HBM-T follows the trend in copper and is trading at under book value.
COMMENT
He would prefer HBM-T. The trend is not your friend with TV-T. The danger is that it can be left for dead and continue to get cheaper without anyone stepping in. HBM-T follows the trend in copper and is trading at under book value.
WAIT
A more levered up energy company. It has become historically cheap. Trades at 0.4 times book. He needs to see price momentum turn before getting in.
BUY ON WEAKNESS
Okay price valuation trading at 13 times earnings and a fair amount of debt. ROE only 11%. Neutral to him.
DON'T BUY
Had beaten earnings strongly recently. It now has price momentum. It still holds a lot of debt. It has a low ROE. Not one he would own. (Analysts’ price target is $11.38)
DON'T BUY
Cheap and getting cheaper. Lumber prices have not recovered, neither has US housing. He would avoid it.
DON'T BUY
He was short prior to the Apple agreement. Very expensive at 28 times earnings. He would not like it here and would take profit.
TOP PICK
For four years, during the energy bear market, this stock held its own. It just beat its earnings estimates today. Trades at 10 times earnings and 1.4 times book. A strong cash flow generator if oil prices hold. Yield 1.01% (Analysts’ price target is $17.36)
TOP PICK
A midstream operator. A safer play on energy and prices more like a utility as a result. Has $200 million in project growth each year. Yield 5.99% (Analysts’ price target is $25.04)
TOP PICK
Think of it as a private equity firm that looks to buy, improve, and sell off businesses. They have a focus on energy infrastructure, power and even health care. They try to generate a 15% return each year. Yield 0.65% (Analysts’ price target is $62.64)
COMMENT
Uber IPO. Opened up, and then down on the day. Despite the tariffs increase overnight, shows resilience of this market, as there was a massive reversal on the day. "Sell in May, go away" may not play out after all.
COMMENT

"Sell in May, go away" strategy. The market actually trades higher over the summer months. Sell in May strategy gives 64% less of a return than just buy and hold. Gains tend to be larger from October to May. Lower your risk during the summer, by owning sectors such as healthcare, agriculture, staples, utilities, REITs, energy. Have to be more tactical in the off-season.

COMMENT

Analysis on oil. Was bullish on oil from end of January to a couple of weeks ago. Strong demand fundamentals were driving the price. Overhang is a supply glut. Expects to see price supported at $60-62 and then a move higher from there during summer driving season. Demand is there and should support it over the long term.