Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Larry Berman CFA, CMT, CTA and Stephen Takacsy, B. Eng, MBA commented about whether ADW.A.TO, MDF.TO, CHH.TO, RCI.B.TO, DWS.V, BYL.TO, BCE.TO, SIA.TO, NFI.TO, VLN.TO, LSPD.TO, DR.TO, SRU.UN.TO, SWP.TO, CCL.B.TO, EXE.TO, VVL.TO, ZDI.TO, ZWH.TO, USO are stocks to buy or sell.
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Market. Bernie Sanders jumped up to the commanding lead for the US democrats. Even if he can't work, his policies are so draconian in terms of risk that it is a bigger risk than the corona virus affect on supply chains. A study Larry read said that about a third of good consumed in the world touch China, Japan and South Korea once. If those supply chains are broken… Half the people aren't working. The supply chains are broken and right now they are eating through inventory. He thinks it will be months before this all plays out in the world. Lower interest rates cannot help this.
Larry Berman CFA, CMT, CTAUnknown
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Perpetual preferreds are down today. One issue can be that the basket of shares are being sold. Perpetual preferreds are more like bonds. It could also be credit spreads.
Larry Berman CFA, CMT, CTAUnknown
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Gold Exit Strategy. Gold has a long runway here but will not go straight up. You could scale out when it reaches highs. He thinks previous highs will be tested. The world is headed to a place where they will literally be printing money to pay for things. Reduce your position to gold and then buy into dips.
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Educational Segment. The Corona Virus. People have no idea how this I going to play out. Unlike SARS, we are at market highs. Corona is way bigger than the market thinks.
Larry Berman CFA, CMT, CTAUnknown
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Market. For the past few years it has been buy the dips on these kinds of reactions. The market is expensive so you will never be able to catch the bottom. The market was looking for an excuse to blow off some steam. You might want to nibble a bit but it is probably not over yet. The volatility will probably persist. He would be careful of companies with too much dependence on China. Defensive names, telecom, renewable energy, and utilities could be bought on dips but it is on a case by case basis.
Stephen Takacsy, B. Eng, MBAUnknown
WATCH
He likes the aging demographics. It has been clawing itself back after problems in the US and high level debt. They are focused on their home care and supply chain businesses. They are trying to now go capital light. He is starting to look at it. It is trading at a discount, relative to peers.
other services
BUY
He owns 6-7% of the company. He still really likes it. This is the year we should see some huge growth as they are still in the process of commissioning a brand new plant in BC. They sell all over the world. He expects demand to keep growing. They will have to land one or two big new accounts to really get the new plant going.
agriculture
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