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Today, Cameron Hurst commented about whether XLRE-US, EWL-N, IPAY-N, PG-N, NFLX-Q, PLD-N, TLRY-Q, CASH, GS-N, XLU-N, MSFT-Q, IHI-N, COST-Q, TSLA-Q, CIEN-N, BAC-N, PRU-N, MCD-N, V-N, NRZ-N are stocks to buy or sell.

COMMENT
Market Outlook There has been excessive exuberance in the market. Since Halloween there has been massive market volatility, but the VIX has not moved. You had growth in the economy and the Central Banks were expecting a cut in interest rates. The market has gotten ahead of itself and now the market is only expecting a cut with modest belief. He would caution investors about the trade talks in China, but once that is resolved the market will re-focus on market expectations, which are much more realistic compared to a few weeks ago. Be cautious, don't strap on new exposure just yet.
Unknown
HOLD
A mortgage REIT, where 50% of the company comes from mortgage services. The company does a good job in neutralizing the interest rate impact. You are earning a yield in excess of 10% and he thinks it is sustainable. A good hold.
Financial Services
HOLD
Visa Inc.

The financial space is a great area -- he prefers the IPAY-N ETF instead. Visa has spent a lot on cyber-security, giving it an advantage. Cash still represents 32% of transactions, 50% in the OECD countries, so there is still more runway to go. Volumes continue to grow. Value may be a little rich here, based on the PE ratio, but considering its growth it is still decent value.

other services
BUY ON WEAKNESS
McDonalds
Same store sales have continued to be strong and sees them continuing to re-invent themselves. Growth is high single-digit, but the value is looking a little rich right now. He would definitely buy on weakness.
food services
COMMENT

US Lifeco vs Financials PRU-N is at risk to interest rates on their premiums collected as he thinks yields will remain neutral. He is not keen on BAC-N either at this point for the same views of the yield curve. Things can't get any better for each right now -- a no man's land right now. He sees a bit better bid for Lifecos, but mostly from a defensive position. There are more compelling areas than these two spaces.

insurance
COMMENT
Bank of America

US Lifeco vs Financials PRU-N is at risk to interest rates on their premiums collected as he thinks yields will remain neutral. He is not keen on BAC-N either at this point for the same views of the yield curve. Things can't get any better for each right now -- a no man's land right now. He sees a bit better bid for Lifecos, but mostly from a defensive position. There are more compelling areas than these two spaces.

banks
DON'T BUY
Ciena
A wireline provider in the telecom space. He does not think they are well positioned for the 5G revolution. A good company that is buying back stock, but he would not be a buyer.
misc industrial products
DON'T BUY
Tesla Inc
China a threat? This is way outside his space that he invests in. Their cash burn is very high. A very volatile stock with questions on debt and cash flow. The thought is visionary, but it is not "investable" from his perspective.
Consumer Products
HOLD
He is not huge into staples right now. They announced a $4 billion share buyback. Earnings are trending higher. There are others in the space that offer better value for investors. They do things well and will continue to do well. If you are in the space, you should own this.
department stores
PAST TOP PICK
(A Top Pick May 09/18, Up 16%) He sees this continuing to be a good performer. It will follow the market up and down, but will do a little better in the long run. The ETF helps reduce the risk of picking a single company. He has backed away from healthcare, but still still holds this.
E.T.F.'s
PAST TOP PICK
Microsoft Corp
(A Top Pick May 09/18, Up 32%) They are a leading in the Cloud and the their membership sales are strong. Software is now a service.
computer software / processing
PAST TOP PICK
(A Top Pick May 09/18, Up 19%) This was a call on interest rates abating. He likes the risk diversification of the ETF. He has moved more to real estate, but would still hold.
E.T.F.'s
DON'T BUY
Goldman Sachs
The PEG ratio is about 1, suggesting a good company with decent valuation. The PE is about 10. It trades about 1 times book value right now. But they just don't have the same powerful levers as they did years ago. The technicals do not look exciting to enter either. (Analysts’ price target is $230.00)
investment companies / funds
HOLD
CASH
You have not seen anything yet that would warrant holding a higher level of cash. It all depends on your own personal situation. He holds less than 10 percent in his portfolio. He holds about 60-65% in equities.
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DON'T BUY
Tilray Inc.
He would not buy this. It collapsed from $350. Not the story he invests in. A long term story, hopefully with another couple years of losses yet to come. Too risky for him.
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