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Today, Larry Berman CFA, CMT, CTA and Ross Healy commented about whether ARE-T, FVI-T, MFC-T, FDX-N, FFH-T, FFH-T, TFII-T, BABA-N, MFC-T, ABX-T, IMO-T, MG-T, TXG-T, OTEX-T, DSG-T, BAM.A-T, PFE-N, GOOG-Q, ZWU-T, ZMT-T, COPX-N are stocks to buy or sell.

COMMENT

A Comment -- General Comments From an Expert(A Commentary)

11/01/2021
A Comment -- General Comments From an Expert
For 2020, the market was expecting $170 in earnings. We got $125 because of covid. Looking at 2021 and recovery, the estimate is around $166-$175 for the S&P500. The multiple is at 23x - 24x, which is quite expensive. Earnings will need to deliver to justify these multiples. Interest rates have also been a justification for the multiple. However, interest rates are creeping up. It should add volatility in the first quarter.
Unknown
Larry Berman CFA, CMT, CTA
N/A
Unknown
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COMMENT

A Comment -- General Comments From an Expert(A Commentary)

11/01/2021
A Comment -- General Comments From an Expert
Stimulus will happen regardless. However, it may be a little ways away. He expects to see more stimulus in February and March. The Trump impeachment process should not bother the markets too much.
Unknown
Larry Berman CFA, CMT, CTA
N/A
Unknown
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COMMENT

Gold and bitcoins.(A Commentary)

11/01/2021
A Comment -- General Comments From an Expert
Gold and bitcoins. Still bullish on gold. People who would buy gold as a hedge for fiat devaluation is now buying Bitcoin. However, Bitcoin is incredibly volatile. Gold has thousands of years of history as a store of currency. Bitcoin is taking money flow from gold however.
Unknown
Larry Berman CFA, CMT, CTA
N/A
Unknown
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BUY

Global X Copper Miners ETF(COPX-N)

11/01/2021
Global X Copper Miners ETF
A great way to play copper. It is a diversified way to play it. There is a lot of room to run. A move to electrification will continue to raise demand.
E.T.F.'s
Larry Berman CFA, CMT, CTA
$32.690
Unknown
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BUY ON WEAKNESS

BMO EQL WGT GBL BASE METAL HEG CAD ETF(ZMT-T)

11/01/2021
BMO EQL WGT GBL BASE METAL HEG CAD ETF
A play on reflation and infrastructure. All metals are great reflationary play. Looking at a 10 year chart, you can see that there is runway. Short term it is over bought, but once there is a bit of market volatility in weakness, jump in. Potential 20-30% upside.
E.T.F.'s
Larry Berman CFA, CMT, CTA
$53.910
Owned
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COMMENT

BMO Covered Call Utilities ETF(ZWU-T)

11/01/2021
BMO Covered Call Utilities ETF
It is wages that ultimately cause inflation. This ETF has utilities and so is very interest rate sensitive. If interest rates creep up, this will lag a little.
E.T.F.'s
Larry Berman CFA, CMT, CTA
$12.240
Unknown
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COMMENT

Educational Segment. (A Commentary)

11/01/2021
A Comment -- General Comments From an Expert
Educational Segment. There has been a spike in call volume in the last weeks. The more people speculate with calls, there is more leverage that pushes the market higher. There is more hedging that is required due to this. The indicator shows that the S&P500 are in the cautionary area. The market has nonetheless gone higher due to the leverage coming in. Once the options expire, the hedger needs to sell the hedge. Friday's option expiry will be interesting. He expects some market impact. There is a lot of speculative money which does not make it high quality.
Unknown
Larry Berman CFA, CMT, CTA
N/A
Unknown
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N/A

Market. (A Commentary)

11/01/2021
A Comment -- General Comments From an Expert
Market. Market. The S&P has made a technical break out that could lift it another 25%, regardless of supporting values. We need to wait a couple of days for confirmation. When you combine all the stimulus that has already been put in, and Biden coming into office, where is all the money going to go. He does detect a sense of un-reality. He lived through the 1972 bubble and the .com bubble. The market will keep going up until it stops. The bond market is breaking out over 1% and although not sounding serious, imagine if it moved to 2%? It would have a profound impact on the markets. He feels value stocks could have a way to run.
Unknown
Ross Healy
N/A
Unknown
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SELL

Alphabet Inc(GOOG-Q)

11/01/2021
Alphabet Inc
He recently put it on a sell list at an extreme peak of a 10 year channel. It has been rolling over and he would wait for a MUCH better time to buy this stock. There is a slim possibility of it rallying back up to the channel and breaking out but this is a slim possibility. The FANG stocks have not been breaking out to new highs recently as the market has been. He sees a shift in the leadership.
Technology
Ross Healy
$1767.100
Unknown
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DON'T BUY

Pfizer Inc(PFE-N)

11/01/2021
Pfizer Inc
It has an interesting problem. It has the solution to COVID-19 and they have orders for billions of doses but the stock has not done anything. The earnings forecast for the company are going sideways. Analysts probably think the demand for COVID vaccines will decline sharply when COVID is over and then there will be all these plants that are idle. So looking longer term, they see the earnings as flat.
biotechnology / pharmaceutical
Ross Healy
$37.645
Unknown
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WATCH

Brookfield Asset Management Inc (A)(BAM.A-T)

11/01/2021
Brookfield Asset Management Inc (A)
The valuation now is at its ten year high. You would need earnings to become stronger. It has had its move for now.
management / diversified
Ross Healy
$49.040
Unknown
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BUY

Gold Stocks. (A Commentary)

11/01/2021
A Comment -- General Comments From an Expert
Gold Stocks. They are cheap in general, especially the more junior ones. 10 years ago you saw strength and a move, then another move in the gold stocks in the middle of the decade, but in both cases they had big setbacks. This time around the stocks are acting very, very cautious. He feels this is a value group that has yet to participate in the market and that they will.
Unknown
Ross Healy
N/A
Unknown
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HOLD

Descartes(DSG-T)

11/01/2021
Descartes

DSG-T vs. OTEX-T which to sell to raise cash? DSG-T, if you own it, you would have done very well, but the fair market value is 78% lower than where it is at now. There is a lot of momentum behind it but not a lot of value. OTEX-T is trading right at its fair market value and has not been above that in ten years. He would sell either one if you want a source of cash.

computer software / processing
Ross Healy
$75.750
Unknown
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HOLD

Open Text(OTEX-T)

11/01/2021
Open Text

DSG-T vs. OTEX-T which to sell to raise cash? DSG-T, if you own it, you would have done very well, but the fair market value is 78% lower than where it is at now. There is a lot of momentum behind it but not a lot of value. OTEX-T is trading right at its fair market value and has not been above that in ten years. He would sell either one if you want a source of cash.

computer software / processing
Ross Healy
$56.340
Unknown
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BUY

Torex Gold Resources(TXG-T)

11/01/2021
Torex Gold Resources
He feels its fair market value is more than 100% above its current price. This is a reasonable target given what has happened in the sector over the last 10 years. See his comments on gold stocks today.
precious metals
Ross Healy
$19.480
Unknown
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