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Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Larry Berman CFA, CMT, CTA and John Zechner commented about whether MDA.TO, ARX.TO, MRE.TO, NOA.TO, CVE.TO, COKE, PEP, BHP, ENB.TO, RCI.B.TO, AMT, WCP.TO, BABA, MSG, AAPL, PPL.TO, MX.TO, NTR.TO, QYLD, ZCH.TO, TXF.TO, ZPAY.TO are stocks to buy or sell.
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COMMENT
Market outlook. Yellen was supportive of Powell's re-appointment. It is calming for markets if Powell is reappointed. How much is the Feds going to spend, and how much will be monetized. Taper is on the agenda. Expectations are for beginning of tapering to be pushed back due to delta variants.
Larry Berman CFA, CMT, CTAUnknown
COMMENT
Saw in the Feds meeting minutes that there is a signalling to hawkish attitudes. In the weakness, if delta is an issue, tapering can be pushed out. Should put upward pressure on interest rates and cool markets.
Larry Berman CFA, CMT, CTAUnknown
COMMENT
Saw a big announcements from major corporations that they are mandating vaccine shots. There is also tightening in Australia and China from the variant. However, ultimately demand will come back in due course. There is some uncertainty still.
Larry Berman CFA, CMT, CTAUnknown
COMMENT
Gold. Downgraded assessment the outlook for gold. Should be rallying more than it should be. It should be trading at 2200-2400 range. Digital assets are taking away money from the traditional inflation hedge from gold.
Larry Berman CFA, CMT, CTAUnknown
BUY ON WEAKNESS
A lot of money is unclear on China. China wants to be the biggest economy of the world, as the reserve currency and wants to lead. However, they cannot do this without opening capital markets and letting it thrive. Accumulating every notch down. An opportunity to add every few pullbacks. However, there is limited visibility on the future.
E.T.F.'s
COMMENT
Tech stock allocation in portfolio. Tech accounts for 21% in the global index. Tech will drive productivity and growth decades into the future. How you construct that will be different for everybody. A handful of large stocks accounts for a third of the S&P. They are huge influencers. For TSX, it is 11.6% tech. Shopify accounts for 7.2%. In Canada, we do not have a diverse sector. Must look globaly for tech stocks. Right now, it is expensive and at risk to rising interest rates. Could see underperformance in large cap tech.
Larry Berman CFA, CMT, CTAUnknown
COMMENT
Educational Segment. President Biden's approval rating has dropped significantly after the withdrawal from Afghanistan. There are implications on policy but also on the markets. It will be harder and harder to get his agenda passed. Fed's are talking about tapering and markets are starting to see weakness. The VIX curve has flattened. Fewer and fewer stocks are participating in the trend. Although the Nasdaq is at all time highs, more stocks are trading at 52-week lows. Market bredth is breaking down.
Larry Berman CFA, CMT, CTAUnknown
N/A
Market. It feels like the last two months had little damage compared to the average. The big five fang tech stocks have held up the average. In Canada it was the banks. There has been a lot more damage below the surface. The Russell 2000 was down 10% from the peak on Friday and here it was the energy sector that took the hit. That is where we will see the opportunities. The number of stocks participating is declining. Demand is not slowing down, but there are supply-driven issues. He thinks we are positioned for a pretty long cycle. Find your valuation point and hold them.
John ZechnerUnknown
BUY ON WEAKNESS
He has liked it for a while now He took a little bit off the table recently but still has a pretty decent position. He is looking at it as a position to pick up more of a position on weakness.
John ZechnerOwned
agriculture
BUY
The five fang stocks, with their ownership, position in the industry, cash flow, he would continue to hold them. He would weight max 20-25% in those stocks.
John ZechnerOwned
electricalelectronic
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