Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Larry Berman CFA, CMT, CTA and Bruce Murray commented about whether BNS-T, ATZ-T, GOOG-Q, META-Q, TVE-T, WFG-T, AMZN-Q, CM-T, CPG-T, FCX-N, UBER-N, AVGO-Q, CNQ-T, ENB-T, TWM-T, ABNB-Q, HBM-T, JWEL-T, MDI-T, AEM-T, ABBV-N, BITI-T, ASHR-N, ARKK-N, ZWU-T, ZWK-T are stocks to buy or sell.
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COMMENT
Considering investing in GICs. Is the BOC still expected to raise the prime rate? Bank of Canada is likely to match what the Fed does. Expectations are to be around 3-3.5% at the end of the year. Highest GIC rates, should come in the next 2 to 3 months. GIC is good for capital preservation but not the ideal choice when worried about capital erosion due to inflation.
BUY
Good option for someone in their mid-80s? Broad equal-weight basket of US regional and national banks. Pretty volatile and cyclical and getting less dividend than with Canadian banks. If already exposed to Canadian banks then good option, otherwise it would be wise to wait 3 to 6 months to see how the recession is going to play out on capital markets.
banks
COMMENT
COMMENT
Inflation is peaking now and supply is improving. He hopes things will moderate. The big thing is the Russian energy issue, replacing Russian oil and preventing them from selling it. He expects car production to rise quite nicely in latter-2022. Not sure if a recession will come, but it would happen in late-2023 or early 2024. It's tough to have a recession when everybody has a job and demand is strong. The market has sold off a lot, down to 15x earnings. 2023's earnings' growth is 8-10%, and 4-6% beyond that. You're getting value for your money now in stocks.
