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Latest Stock Buy or Sell?
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Today, Larry Berman CFA, CMT, CTA commented about whether TDIV-Q, CIBR-Q, ARKW-N, CYH-T, ZDY-T, ZWH-T, GDX-N, HXD-T, JNUG-N, SU-T, XBB-T, XBAL-T are stocks to buy or sell.
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Unknown
DON'T BUY
Not yet. Investors can re-balance their portfolios. If you aimed for one percentage of equities and another for bonds, you can move money to maintain that balance. That is one of the most prudent things people can do. The bottoms are not in yet.
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DON'T BUY
Not yet. Investors can re-balance their portfolios. If you aimed for one percentage of equities and another for bonds, you can move money to maintain that balance. That is one of the most prudent things people can do. The bottoms are not in yet.
E.T.F.'s
HOLD
Is the petro Canada station down the street going to be there for the foreseeable future? Of course. This stock is going back to $30 or $40 eventually but this is not the time to get into speculative names. There are going to be a lot of bankruptcies and this is the name that will buy them out at a huge discount.
integrated oils
DON'T BUY
It is a leveraged play on junior minors. DO NOT PLAY LEVERAGED ETFs! If you get a day when the commodity is down 30% of this ETF is wiped out. This isn't the time to speculate. This one is down 92%.
E.T.F.'s
DON'T BUY
Some of these leveraging ETFs can work for you if you get a change of direction but you have to be a surgeon in terms of using them. We are eventually going to get a rally of 10% for a day or two. But the day to day volatility can significantly erode the performance of these leveraged ETFs.
E.T.F.'s
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Banks. The analysts have not started to assess long term numbers. Wall Street is predicting a 'V' shape. Earnings will fall. He feels we will hit 1400 on the S&P.
Unknown
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Hedged or unhedged. The US dollar is an asset class to protect people as the Canadian dollar goes down. Yesterday he hedged all his holdings back to Canadian Dollars.
Unknown
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Why are bond ETFs going down? Bonds are not very liquid right now. The discount in ETFs is reflecting where the true markets are. Spreads are blowing out to very wide levels. The ETF trades at a discount to the underlying because of illiquidity of the underlying bonds.
Unknown
DON'T BUY
Corona virus stocks. He does not know about stocks the caller named. It would be gambling.
Unknown
WATCH
Pot Stocks and increased demand from Pandemic. In this part of the cycle where recession is the biggest risk, you want quality companies with clean balance sheets and not a lot of debt. Look at getting back into it when things normalize again.
Unknown
WATCH
There has been a lot of liquidation in risk parity funds that use gold as an asset class. We are moving into a world where governments are just going to print money. At some point it will cause some inflation and cause gold to skyrocket. He sees $1900 in gold at some point. Gold equities are one of the cheapest asset classes on the planet for the next couple of years. Gold won't be the first to recover, though.
E.T.F.'s
DON'T BUY
VIX. Volatility is high right now and it is expensive. You need to know what future VIX is trading at. You have to be an expert to play the VIX. You’d be better to write puts on the S&P 500.
Unknown
COMMENT
COMMENT
At market bottoms you don’t want ETFs with covered calls like ZWH-T because you are giving away some of the upside. You want ZDY-T or the currency hedged version of that. CYH-T is a benchmark for world dividends. It is a Canadian dollar currency hedged ETF. TDIV-Q is a technology dividend play.
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Market. He showed a chart that was pre-empted on Monday's educational segment of Berman's Call. Vix readings are same as the extremes in 2008 following the Leman bankruptcy. The Vix stayed elevated for months and months until March of 2009. He would encourage people to understand the VIX and north of 40 is indicates too much volatility to catch falling knives. He then outlined money falling into money market funds. At some point we are going to get a phenomenal rally. People ask where the bottom is but we need to see the VIX below 40. It is 75-80 recently. He was aggressively buying with the S&P at these levels at Christmas of 2018 but now he is not.