Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Brendan Caldwell and Larry Berman CFA, CMT, CTA commented about whether SMH, ZWU.TO, HHL.TO, WOOD, COPX, FAST, WSO, MLM, BLDP.TO, BNS.TO, BRK.B, QSR.TO, DOCU, AQN.TO, IGM.TO, ATD.B.TO, ICE, HD, BEP.UN.TO, TFII.TO, IIP.UN.TO are stocks to buy or sell.
- Page 2/4
'%20fill='%23000000'%3e%3cg%20id='Rating-Card'%20transform='translate(120.000000,%20487.000000)'%3e%3cpath%20d='M848.295367,82.286474%20C848.68919,81.9045087%20849.327703,81.9045087%20849.721525,82.286474%20L854,86.4361302%20L858.278475,82.286474%20C858.672297,81.9045087%20859.31081,81.9045087%20859.704633,82.286474%20C860.098456,82.6684393%20860.098456,83.2877274%20859.704633,83.6696927%20L854.35654,88.856763%20C854.159628,89.0477457%20853.840372,89.0477457%20853.64346,88.856763%20L848.295367,83.6696927%20C847.901544,83.2877274%20847.901544,82.6684393%20848.295367,82.286474%20Z'%20id='Path'%3e%3c/path%3e%3c/g%3e%3c/g%3e%3c/g%3e%3c/svg%3e)
TOP PICK
It is into earth. If you own the gravel pits then you dominate that market. It is expensive to transport aggregates very far. A lot of private gravel pits are thinking of selling due to US tax changes and so MLM-N is in a good position to grow. (Analysts’ price target is $348.36)
Brendan CaldwellOwned
INDUSTRIAL PRODUCTS
TOP PICK
Air conditioning. Many A/C units are very, very old. They have a tremendous opportunity for growth. (Analysts’ price target is $278.17)
Brendan CaldwellOwned
0
TOP PICK
They make fasteners. They are in the business of making companies more efficient. They make vending machines that manage the inventory department. In our new environment, boring may be exciting in an unexpected way. (Analysts’ price target is $49.67)
Brendan CaldwellOwned
misc industrial products
COMMENT
Market outlook. It is clear that all the stimulus and central bank actions are responsible for the boost in asset markets. Powell hinted at froth in the markets. What the feds are doing is not solving inequality and structural problems.
Larry Berman CFA, CMT, CTAUnknown
COMMENT
Inflation. The large parts of the inflationary impacts are supply issues. The real question is on incomes. People must have a will to spend, but also wages need to go up. If this goes up, inflation will really go up. Employment numbers in Canada and US is really where we must watch. Feds cannot do much about it since if rates go up, the economy will collapse.
Larry Berman CFA, CMT, CTAUnknown
COMMENT
You cannot taper bond issuances, and contrary to this, it must be stepped out. The debt must be financed and this will push yields higher.
Larry Berman CFA, CMT, CTAUnknown
BUY ON WEAKNESS
Don't make a single bet too big. You can tilt towards base metals. He trades in and out. Buyers in dip in March and now he is trimming as he goes higher. Buy the dips. There will be volatility in the sector. The theme has more legs for years. There are constraint issues due to the timeline of exploration to production, which takes years.
E.T.F.'s
BUY
BUY
BUY
BUY
WAIT
The semiconductor sector has been ripping and now we are seeing sideway consolidation. The sector had gotten to extreme valuations. We can probably come back to the low range, with a 10% downside possible. It would be a buy at those levels. A long term buy but right now there is profit taking.
Unknown
COMMENT
Precious metals as a hedge against inflation. Precious metals accounts for 2-3% of the market. 30% allocation would be too much. However, inflation will be an issue and gold could be a good asset class. It is personal how much you want to allocate.
Larry Berman CFA, CMT, CTAUnknown
COMMENT
Educational Segment. S&P500 companies have been reporting great earnings and most times, investors are selling into it. FANGs, Tesla and Visa are some examples. Selling on news is not a bullish thing. On the last two earnings of Apple, you can see that the stocks rallied up into expectations of good earnings, and then markets sold off for a couple weeks. Tech heavy NASDAQ will continue to weigh on markets. Market breadth is important to look at. Slowly, stocks are starting to break their intermediate trend line. This usually leads to a correction. We could correct 5-10%. Time to be more conservative.
Larry Berman CFA, CMT, CTAUnknown
%20-%20http://www.bohemiancoding.com/sketch%20--%3e%3ctitle%3ePath%205%3c/title%3e%3cdesc%3eCreated%20with%20Sketch.%3c/desc%3e%3cg%20id='Page-1'%20stroke='none'%20stroke-width='1'%20fill='none'%20fill-rule='evenodd'%20stroke-linecap='round'%20stroke-linejoin='round'%3e%3cg%20id='mobile'%20transform='translate(-353.000000,%20-32.000000)'%20stroke='%2325292B'%20stroke-width='1.5'%3e%3cg%20id='Group'%20transform='translate(321.000000,%2022.000000)'%3e%3cpath%20d='M33,11%20L36.2928932,14.2928932%20C36.6834175,14.6834175%2037.3165825,14.6834175%2037.7071068,14.2928932%20L41,11'%20id='Path-5'%3e%3c/path%3e%3c/g%3e%3c/g%3e%3c/g%3e%3c/svg%3e)
