Latest Stock Buy or Sell?
Today, Larry Berman CFA, CMT, CTA commented about whether ZPAY-T, ZWA-T, ZWE-T, ZWP-T, ZWB-T, HUTL-T, HDIV-T, EQL-T, XSP-T are stocks to buy or sell.
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COMMENT
Educational Segment. The more the election outcome is tilted to Liberal Minority with big support from the NDP, which tilts policies to the left, this will lead to more wealth taxes. There are many seats in GTA that are too close to call so it is still a toss up. Projections remain for a Liberal minority. He wouldn't change portfolio strategy based on this. If the NDP wins a good amount of seats, then there could be more selling in stocks due to upcoming taxes. There will also be increasing corporate tax rates if the NDP has more power.
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COMMENT
Caller was asking whether EQL could protect against downside in XSP. It depends what is drawing down the market. For example, if it is the Nasdaq and FAANGs, then EQL will protect you since it is underweight these big names. However, if the market is down, it will not help you.
E.T.F.'s
COMMENT
Caller was asking whether EQL could protect against downside in XSP. It depends what is drawing down the market. For example, if it is the Nasdaq and FAANGs, then EQL will protect you since it is underweight these big names. However, if the market is down, it will not help you.
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BUY
In option strategy, it is all about the path that is taken. If it is a sharp decline, then covered calls will give you no protection. Hard to say without knowing which path it takes. Likes HDIV with its prudent use of leverage.
E.T.F.'s
BUY
Global utilities are a good source of dividends and yields. When you own global utilities, it is treated as income. ZWU, the Canadian version, should go in the taxable account and HUTL in a registered account.
E.T.F.'s
WAIT
If the Trudeau government wins, then they will impose a surtax. He would wait here since it is not priced in probably. There is also volatility from Chinese real estate and US debt ceiling. Gotta love Canadian banks long term. Could get a better deal.
E.T.F.'s
BUY
ZWE has a currency hedge. If there is a global downtown and it is meaningful, then you would be concerned. Doesn't think we will see this. It will be a normal 5-10%. When you get the big sell-offs, you don't want to hold covered calls because you don't get the upside capture. Right now, both of these would work. Would fall less than the other names.
E.T.F.'s
