Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Jim Cramer - Mad Money and John Hood commented about whether TXF.TO, XLI, ZWH.TO, ZEB.TO, SOXX, ITB, XGRO.TO, HHL.TO, ZWU.TO, ZPR.TO, HMMJ.TO, ZUH.TO, ZWK.TO, VGG.TO, ZWC.TO, HNU.TO, VFV.TO, CQQQ, XIC.TO, ZWB.TO, XSP.TO, META, NVDA, U, BBY, MONEYGRAM, STZ, MU, TELL, COP, DVN, UNP, BRK.B, DOCU, AXP are stocks to buy or sell.
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BUY
A hugely successful videogame developer, dominating this space. Unity is the best way to play the metaverse. Unity has Ominverse, the world's first simulation collaboration platform (with Adobe and Blender) that makes it easier to create metaverse content. One day, they will make 3D content in the real world that you can directly interact with, projected, instead of on-screen--the metaverse. Unity offers great software tools for 3D rendering. Shares were sharply down today as tech sold off.
Technology
BUY
They were prepared for supply chain disruption that the economy is facing now. Also they offered new services, like IT support for those working from home. And the Delta variant has peaked, so the great reopening trade is back on. Also, the coming metaverse (3D graphics) boom will demand a lot of semis that NVDA can supply.
computer softwareprocessing
BUY ON WEAKNESS
Zuckerberg hopes that one day uses will no longer see FB as social media but as a metaverse company. If he can combine both, then FB could be big, though it could take a long time. As interest rates rise, tech is selling off, but these remain solid stocks including Apple, Amazon and Microsoft which are best of breed. But not quite FB. Shares are down 5% lately though business is booming. FB sells at 25x earnings, cheap. Investors fears advertisers will abandon them. He doesn't see that. FB may need a third party to arbitrate what is "fair" content or not. Its Instagram Kids is merely on pause so they can fix it. He has faith Zuckerberg can pivot to restore credibility.
Technology
COMMENT
Nothing is on sale in this market since last November when stocks jumped sharply. Good value is hard to find. Stocks will go higher, a far cry from March 2020. Today, we're seeing a 2% dip--a retail investor shouldn't chase it. A 10% dip gets his attention, but at 15% he starts buying. He likes Canadian and American banks, because interest rates will slowly increase and raise the net interest margins for the banks. Also, the banks have a lot of capital held over from the pandemic. Third, the economic recovery is a tailwind. His covered calls in US banks is up 50%, surprising even him. The job outlook looks positive, because the end of government supports will force those to find work.
BUY
An ETF for a TFSA It tracks the S&P 500, hedged against a decline in the US dollar. It's a core position for him. Solid. Also, ZWB, a covered call on Canadian banks, yielding 5.5%, a surrogate for the Canadian economy.
John HoodOwned
E.T.F.'s
BUY
An ETF for a TFSA ZWB, a covered call on Canadian banks, yields 5.5%, and is a surrogate for the Canadian economy.
John HoodOwned
E.T.F.'s
BUY
It covers the TSX, very comprehensive, a core Canadian holding. He's very overweight in the US, but for the TSX, he owns this.
John HoodOwned
E.T.F.'s
COMMENT
Is the 6.5% dividend too good to be true? Is there a return of capital portion in the yield? He doesn't believe so. On all BMO covered call ETFs you're adding 2-2.5% to the dividend to total 6.5%. No, there are no return on capital issues.
John HoodOwned
E.T.F.'s
PAST TOP PICK
(A Top Pick Nov 09/20, Up 14%) It was disappointing many months after ETFs rose while VGG did nothing since November. Only in the last 3 months has this moved up. It's a conservative play, holding dividend growers.
John HoodOwned
E.T.F.'s
PAST TOP PICK
(A Top Pick Nov 09/20, Up 20%) The yield has done well, paying 6.5%. Owns it for many accounts. Still likes it. The covered calls are treated as capital gains.
John HoodOwned
banks
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