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Today, Brian Acker, CA commented about whether MRK-N, CSCO-Q, JNJ-N, CAE-T, BIP.UN-T, SES-T, AMZN-Q, ATVI-Q, MAXR-T, MSFT-Q, FFH-T, AC-T, INTC-Q, PFE-N, XOM-N, GOOS-T, BNS-T, C-N, BAC-N, BTE-T, ABX-T, BSX-N are stocks to buy or sell.

COMMENT

Market Outlook(A Commentary)

10/01/2020
A Comment -- General Comments From an Expert
Market Outlook He thinks we are in a "Booming Depression" in the market. The market no longer trades on fundamentals -- it trades on liquidity. And it looks like the central banks are already talking about more QE coming up. A year end rally into January is happening right now. Fair value on the S&P, he believes, is around 3720 -- compared to today's 3275 level. His quant model has been pointing to this value for some time now and with liquidity still coming in, thanks to QE, there is a real potential for a market "melt up".
Unknown
Brian Acker, CA
N/A
Unknown
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BUY ON WEAKNESS

Boston Scientific Corp(BSX-N)

10/01/2020
Boston Scientific Corp
Changing demographics? He has a model price of $45.83 per share -- right around current prices. A move higher in the market could take it to $61. He would wait thru the next earnings announcement. It is not cheap here. He would wait for a pullback before buying in.
biotechnology / pharmaceutical
Brian Acker, CA
$45.900
Unknown
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DON'T BUY

Barrick Gold(ABX-T)

10/01/2020
Barrick Gold
Gold? The gold bugs are out in force right now -- and he is not a believer. His model price is $14.85 -- much weaker than where it trades today.
precious metals
Brian Acker, CA
$22.980
No
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DON'T BUY

Baytex Energy Corp(BTE-T)

10/01/2020
Baytex Energy Corp
Energy? He is not a big believer in entering energy yet. The market is totally different than it was five years ago. The world is finding more oil than ever. The Chinese are the biggest buyer of energy now and he does not trust how they have created a Shanghai index for oil and gold. Terrorist activity in the Middle East does not impact the price like it once did. He is staying away from energy as a whole. Baytex has fallen to such a discount, he thinks the market does not trust the sustainability of the balance sheet. He thinks this will come in the form of reserve right downs. His model price for the share price is $0.60.
oil / gas
Brian Acker, CA
$1.900
No
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COMMENT

Bank of America(BAC-N)

10/01/2020
Bank of America

BAC-N vs C-N? When Donald Trump became President, he bought both these stocks. He thinks BAC-N can go to $36.84 and stays around his definition of book value. C-N has moved up on positive fundamentals and he sees $114 as value. He would prefer C over BAC-N. Both should do well in the long run.

banks
Brian Acker, CA
$34.885
Unknown
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COMMENT

Citigroup Inc.(C-N)

10/01/2020
Citigroup Inc.

BAC-N vs C-N? When Donald Trump became President, he bought both these stocks. He thinks BAC-N can go to $36.84 and stays around his definition of book value. C-N has moved up on positive fundamentals and he sees $114 as value. He would prefer C over BAC-N. Both should do well in the long run.

banks
Brian Acker, CA
$79.650
Unknown
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COMMENT

Canadian Banks?(A Commentary)

10/01/2020
A Comment -- General Comments From an Expert

Canadian Banks? He is very pessimistic on Canada in general. We are the whipping horse of the world right now. He is not a fan of this sector. News of high loan loss provisions is making him nervous and he sees global shorting going on. He favours US banks instead. If he were to look at one Canadian bank, it might be BNS. A yield over 5% and share price upside to $85.36.

Unknown
Brian Acker, CA
N/A
Unknown
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COMMENT

Bank of Nova Scotia(BNS-T)

10/01/2020
Bank of Nova Scotia

Canadian Banks? He is very pessimistic on Canada in general. We are the whipping horse of the world right now. He is not a fan of this sector. News of high loan loss provisions is making him nervous and he sees global shorting going on. He favours US banks instead. If he were to look at one Canadian bank, it might be BNS. A yield over 5% and share price upside to $85.36.

banks
Brian Acker, CA
$72.280
Unknown
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BUY ON WEAKNESS

Canada Goose Holdings(GOOS-T)

10/01/2020
Canada Goose Holdings
He likes the company and owns some personal shares. He is happy with the downdraft in the price as he has a model price of $52.88. However, he could see $37 trade, so he might wait to add to more of his position.
clothing
Brian Acker, CA
$43.580
Owned
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PAST TOP PICK

Exxon Mobil(XOM-N)

10/01/2020
Exxon Mobil
(A Top Pick Feb 08/19, Down 3%) He still likes holding it. It is in his Top 15 US picks. It yields 5%. You get paid to wait and he thinks it will be stable. Their patents on clean tech are number one in the world, he believes.
integrated oils
Brian Acker, CA
$69.410
Owned
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PAST TOP PICK

Pfizer Inc(PFE-N)

10/01/2020
Pfizer Inc
(A Top Pick Feb 08/19, Down 4%) All the drug stocks look so cheap here. His model price is $50.43.
biotechnology / pharmaceutical
Brian Acker, CA
$39.490
Owned
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PAST TOP PICK

Intel(INTC-Q)

10/01/2020
Intel
(A Top Pick Feb 08/19, Up 24%) Big upside still on this one as his model price is $100. Any balance sheet engineering on behalf of the new CEO could lead to more upside quickly. Yield 2%
computer parts mnfctr
Brian Acker, CA
$59.175
Owned
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BUY

Air Canada(AC-T)

10/01/2020
Air Canada
His model price is $56.49. He would buy it here and sees great support at current levels. It would be fully valued at $66.
Transportation
Brian Acker, CA
$49.600
Unknown
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DON'T BUY

Fairfax Financial(FFH-T)

10/01/2020
Fairfax Financial
A catalyst? His model price is $571, so it is a little expensive here. The story is stale he thinks and expects it to continue to be range bound.
insurance
Brian Acker, CA
$611.510
No
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HOLD

Microsoft Corp(MSFT-Q)

10/01/2020
Microsoft Corp
His model value is $127, but he is not selling here as it trades higher than that right now. He likes that it is a US stock, where he clearly favors right now.
computer software / processing
Brian Acker, CA
$161.980
Owned
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