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Today, Brian Acker, CA commented about whether BAC-N, CSCO-Q, INTC-Q, ENB-T, PAYX-Q, CRM-N, ACO.X-T, ALA-T, LNR-T, CNR-T, PM-N, INTC-Q, AAPL-Q, C-N, EMA-T, TIH-T, EW-N, WFC-N, PWF-T, DSG-T, META-Q, AMAT-Q, ARE-T, JNJ-N are stocks to buy or sell.

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A Comment -- General Comments From an Expert

Market. There was a ruling against trans-mountain pipeline today. The US is not cheap enough to sell his US dollars to come back. It could be an economic downturn catalyst but probably will not be. NAFTA is critical for us to leverage of the US economic success. He is putting client's money to work in the US. Canada has major issues. You have to be selective in Canada. You are looking for companies with US exposure, income and earnings. Today's news in the energy sector is not positive.

Unknown
BUY
Johnson & Johnson

He loves it. The judgment against them is not significant. He has a model price of $160.81, a 20% upside. It is in the top 100 of the S&P 500 - it is US and priced in US Dollars – all the things he loves.

biotechnology / pharmaceutical
DON'T BUY
Aecon Group Inc

Model price is $14, so it is below where it is trading at. It is at EBV plus 1, and we have not had a breakout. Wait for a buy signal. He thinks it will come back. There are better opportunities elsewhere.

contractors
PARTIAL BUY
Applied Materials

Semiconductors are doing their own thing. This is old tech. Model price is $85 with a 100% upside. But it is a cyclical. Over the last three years it has been on a tear and is pausing here. He would e a buyer here – a small amount.

electrical / electronic
BUY

Model price is $157.26. He sees it as an opportunity to pick this stock up now. It is above its model price and he has had it for some time until selling recently but it was moving from a value name into a growth name. He would be a buyer here. It is a good name.

Technology
HOLD
Descartes

Model price is $18.95, so it is at a 60% premium. He would not worry about earnings too much next week. If you are a long term holder, continue to hold it.

computer software / processing
SELL

Model price is $45.06. 54% upside but there is no catalyst for this stock to get moving. It is dead money. If it is trading below its EBV -5, there is something wrong with its balance sheet and this one is too big relative to its earnings. The regulators are really rough in the financial industry. Use your tax loss.

finance / leasing
BUY
Wells Fargo

Model price of $54.93, about 7% lower than what it is trading at. This one never got cheap enough for him to buy it. There is value elsewhere, see his Top Picks.

banks
DON'T BUY

When it came down to his model price it was the only buying opportunity there was in the last eight years. He loves the company. Model price is $99.94, a 30% premium that it is trading at. He can only wish for a pull back.

biotechnology / pharmaceutical
DON'T BUY
Toromont Industries

Model price is $92.83, a 21% upside. If we ever get that correction, he would love to buy it at $56 and hold for 3 - 6 years.

machinery
HOLD
Emera Inc

These interest sensitives in Canada he not very bullish on. It has a model price of $34.68 so it is 15% overvalued. He thinks the BOC will have one more hike in them. He is neutral to negative on this one.

Utilities
PAST TOP PICK
Citigroup Inc.

(A Top Pick Aug 4/17, Up 6%) He has had good returns since he has bought it but it has gone flat. They have room to expand their dividends even more. They are on an aggressive buy back program. If the US equity markets are going to go higher it has to be with the financials. He is still staying with it. There is about 9% upside according to model price.

banks
PAST TOP PICK
Apple Inc

(A Top Pick Aug 4/17, Up 45%) It is in his top 5. His model price is $243.96 or a 9.5% upside. Warren Buffet is buying a little more.

electrical / electronic
PAST TOP PICK
Intel

(A Top Pick Aug 4/17, Up 36%) This is old tech. His model price is $82.64, or a 70% upside. This stock just can't get moving. The CEO was just replaced. He would buy it here. Your chances of another 40% are quite high if the CEO works out.

computer parts mnfctr
HOLD

Canadian Banks. You always want to buy them on a pull back. We have not had one for quite some time. A 10% or more correction and he would be a buyer. In general they are not cheap enough to buy and not expensive enough to sell. You have to hold them.

Unknown