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Compiling comments that experts make about stocks while on public TV.

Recent Opinions

Generated Jan 16, 2018 10:55:42 AM

Signal Opinion Expert
N/A
General Market Comment 

January 15, 2018

Market.  He is bullish on natural gas and weary on oil.  When we have winter things change very quickly.  Mother nature takes down storage so quickly that it changes fundamentals very quickly.  The price chart spiked up quickly in the winter of 2014.  It is these weeks of 200 BCF draw downs that do it.  It is again cool and if we have another cold spurt, every time you have had 4 historically, you have a spike up to $5 for gas.  If cold weather persists we will see $3-$3.50 for gas.  He is bearish on oil because US production will get back up overly quickly.  ECA-T is saying they increased production 30% and will do so another 30% this year.  OPEC is cheating.  It is a percentage of honesty.  They are producing more than quota already.  Iraq has to get money in the door to perform repairs to the country.  More capacity has to come online.

Market.  He is bullish on natural gas and weary on oil.  When we have winter things change very quickly.  Mother nature takes down storage so quickly that it changes fundamentals very quickly.  The price chart spiked up quickly in the winter of 2014.  It is these weeks of 200 BCF draw downs that do it.  It is again cool and if we have another cold spurt, every time you have had 4 historically, you have a spike up to $5 for gas.  If cold weather persists we will see $3-$3.50 for gas.  He is bearish on oil because US production will get back up overly quickly.  ECA-T is saying they increased production 30% and will do so another 30% this year.  OPEC is cheating.  It is a percentage of honesty.  They are producing more than quota already.  Iraq has to get money in the door to perform repairs to the country.  More capacity has to come online.

Unknown
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$0.020
Owned Owned
_N/A

N/A
General Market Comment 

January 15, 2018

Market.  Into 2018 the expectation for earnings growth is very high.  It looks like the markets could creep higher but we could start to see more volatility in them.  You have to be cautious on the market.  Analysts can tend to be overly optimistic on companies they follow.  A weaker US$ which we continue to see is good for corporate US earnings.  Gold is a range trade for a number of years.  He thinks we may get a bit of a breakout to the upside.  He has been adding gold positions on weakness.  A new survey on the ability of Canadians to service indebtedness may cause the BOC to be a bit dovish this week and to hold off on more increases for a year.

Market.  Into 2018 the expectation for earnings growth is very high.  It looks like the markets could creep higher but we could start to see more volatility in them.  You have to be cautious on the market.  Analysts can tend to be overly optimistic on companies they follow.  A weaker US$ which we continue to see is good for corporate US earnings.  Gold is a range trade for a number of years.  He thinks we may get a bit of a breakout to the upside.  He has been adding gold positions on weakness.  A new survey on the ability of Canadians to service indebtedness may cause the BOC to be a bit dovish this week and to hold off on more increases for a year.

Unknown
Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Manageme...

PricePrice
$0.020
Owned Owned
_N/A

DON'T BUY
General Market Comment 

January 15, 2018

Zinc.  From the beginning of where Trump was elected we saw a dramatic change in US$ expectations.  This put a lot of upside price pressure on many commodities around the world, Zinc especially.  He believes the US$ will not continue to weaken in a big way from where it is today.  He would not chase base metals here.  We are in the last leg of the uptrend in base metals.

Zinc.  From the beginning of where Trump was elected we saw a dramatic change in US$ expectations.  This put a lot of upside price pressure on many commodities around the world, Zinc especially.  He believes the US$ will not continue to weaken in a big way from where it is today.  He would not chase base metals here.  We are in the last leg of the uptrend in base metals.

Unknown
Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Manageme...

PricePrice
$0.020
Owned Owned
_N/A

N/A
General Market Comment 

January 15, 2018

Educational Segment.  US$ exposure in your portfolio.  There is a perfect storm brewing: What the BOC will do, NAFTA, oil prices.  There is Canadian dollar risk.  He is fully exposed to the US$ at $0.80.  There is an 85% change they will raise rates in Canada on Wednesday.  The NAFTA agreement will allow Trump to cause a lot of problems without ripping it up.  He will use this against Mexico because he wants his wall.  There is a housing risk in Canada with the new rules combining with higher interest rates.  The Canadian dollar should be weaker rather than stronger.  Oil prices are being driven by the weaker US$.  He thinks they will pull back into the mid-$50s.  Go unhedged in ETFs for the next 6 months.

Educational Segment.  US$ exposure in your portfolio.  There is a perfect storm brewing: What the BOC will do, NAFTA, oil prices.  There is Canadian dollar risk.  He is fully exposed to the US$ at $0.80.  There is an 85% change they will raise rates in Canada on Wednesday.  The NAFTA agreement will allow Trump to cause a lot of problems without ripping it up.  He will use this against Mexico because he wants his wall.  There is a housing risk in Canada with the new rules combining with higher interest rates.  The Canadian dollar should be weaker rather than stronger.  Oil prices are being driven by the weaker US$.  He thinks they will pull back into the mid-$50s.  Go unhedged in ETFs for the next 6 months.

Unknown
Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Manageme...

PricePrice
$0.020
Owned Owned
_N/A

N/A
General Market Comment 

January 15, 2018

Market. This is one of the great Bull Markets of our lifetime. The global economies are booming, the US has increased its GDP forecasts, Europe is actually stronger than North America for the 1st time in a long time, and emerging markets are doing very well. We are in a Goldilocks environment. Haven't been here since the 1990s, so just lie back and enjoy it. Warren Buffett explained that the tax cuts are giving every stockholder a 20% increase in the value of their shares. That is going to propel markets for another year. He is quite sure we are going to see earnings surprises continue through the 1st half of next year anyway.

Market. This is one of the great Bull Markets of our lifetime. The global economies are booming, the US has increased its GDP forecasts, Europe is actually stronger than North America for the 1st time in a long time, and emerging markets are doing very well. We are in a Goldilocks environment. Haven't been here since the 1990s, so just lie back and enjoy it. Warren Buffett explained that the tax cuts are giving every stockholder a 20% increase in the value of their shares. That is going to propel markets for another year. He is quite sure we are going to see earnings surprises continue through the 1st half of next year anyway.

Unknown
Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Gr...

PricePrice
$0.020
Owned Owned
_N/A

COMMENT
Apple(AAPL-Q) 

January 15, 2018

This won't be a 25% grower any more, but it should still get 5%-15% over the next couple of years. You have the tax rate which will flow through them, they're bringing back a lot of foreign money which will allow for share buybacks and possibly dividends. There is the continuous upgrade of the iPhone. This company is a fine hold for the next 5 years.

electrical/electronic

This won't be a 25% grower any more, but it should still get 5%-15% over the next couple of years. You have the tax rate which will flow through them, they're bringing back a lot of foreign money which will allow for share buybacks and possibly dividends. There is the continuous upgrade of the iPhone. This company is a fine hold for the next 5 years.

electrical/electronic
Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Gr...

PricePrice
$177.090
Owned Owned
Yes

BUY
American Tower(AMT-N) 

January 15, 2018

Owns cell towers in the US. Did extremely well for quite a while. Believes it has big exposure in Mexico. As we move into 5G coverage, more and more cell towers are needed. The opportunity for these companies to put in more towers is huge. They are expensive stocks, but if you want pure growth where you can sleep well at night, this is one. Buy and hold, and you will be fine in the long run.

Telecommunications

Owns cell towers in the US. Did extremely well for quite a while. Believes it has big exposure in Mexico. As we move into 5G coverage, more and more cell towers are needed. The opportunity for these companies to put in more towers is huge. They are expensive stocks, but if you want pure growth where you can sleep well at night, this is one. Buy and hold, and you will be fine in the long run.

Telecommunications
Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Gr...

PricePrice
$133.000
Owned Owned
Unknown

COMMENT

An income fund and pays a royalty off sales. They are gaining market share in Canada. They are under-stored, so there are opportunities. Income funds will continue to move up and pay gradual higher dividends. Dividend yield of 4.8%.

investment companies/funds

An income fund and pays a royalty off sales. They are gaining market share in Canada. They are under-stored, so there are opportunities. Income funds will continue to move up and pay gradual higher dividends. Dividend yield of 4.8%.

investment companies/funds
Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Gr...

PricePrice
$33.710
Owned Owned
Unknown

WATCH
Blackbird Energy Inc(BBI-X) 

January 15, 2018

He met with management last year.  They will go from 2000 to 10,000 BOEs capacity in 2019.  They are bringing on wells as economically as possible.  By Q1’19 they want to be ready.  He likes what he has seen in the company.

Energy

He met with management last year.  They will go from 2000 to 10,000 BOEs capacity in 2019.  They are bringing on wells as economically as possible.  By Q1’19 they want to be ready.  He likes what he has seen in the company.

Energy
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$0.345
Owned Owned
Unknown

COMMENT
BCE Inc.(BCE-T) 

January 15, 2018

We have a stronger business market, and with business activity picking up it might be a little better for them, but at the same time you have got higher interest rates, and they have a chunk of the sports business, which is slowing down. He wouldn't be afraid of this. They’ve raised the dividend every year, and expects they will do it again this year.

telephone utilities

We have a stronger business market, and with business activity picking up it might be a little better for them, but at the same time you have got higher interest rates, and they have a chunk of the sports business, which is slowing down. He wouldn't be afraid of this. They’ve raised the dividend every year, and expects they will do it again this year.

telephone utilities
Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Gr...

PricePrice
$58.110
Owned Owned
No

PAST TOP PICK

(A Top Pick Jun 12/17, Down 39%)  He added it December but it has not done anything yet.  It could turn around quite quickly.

oil/gas

(A Top Pick Jun 12/17, Down 39%)  He added it December but it has not done anything yet.  It could turn around quite quickly.

oil/gas
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$3.660
Owned Owned
No

PAST TOP PICK

(A Top Pick April 19/17. Up 11%.) He still likes this. It’s selling at 11-12X earnings. Has a 4% dividend. They are probably going to sell more electric cars then Tesla this year. Trading at 12X earnings. This should move to €100-110 in the next year or so.

Automotive

(A Top Pick April 19/17. Up 11%.) He still likes this. It’s selling at 11-12X earnings. Has a 4% dividend. They are probably going to sell more electric cars then Tesla this year. Trading at 12X earnings. This should move to €100-110 in the next year or so.

Automotive
Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Gr...

PricePrice
$0.000
Owned Owned
Yes

TOP PICK
Bonavista Energy Corp(BNP-T) 

January 15, 2018

Management has done a good job.  71% natural gas.  They pay a dividend.  Book value is $6.63.  (Analysts’ target: $3.00).

oil/gas

Management has done a good job.  71% natural gas.  They pay a dividend.  Book value is $6.63.  (Analysts’ target: $3.00).

oil/gas
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$2.010
Owned Owned
Yes

TOP PICK

75% Nat Gas.  Spirit river play.  Their book value is $15.93.  It has already had a bounce since tax loss selling ended.  (Analysts’ target: $2.75).

oil/gas

75% Nat Gas.  Spirit river play.  Their book value is $15.93.  It has already had a bounce since tax loss selling ended.  (Analysts’ target: $2.75).

oil/gas
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$2.040
Owned Owned
Yes

PAST TOP PICK
Celgene Corp(CELG-Q) 

January 15, 2018

(A Top Pick April 19/17. Down 14%.) This shot up to about $140, but a key new drug application was denied. That was followed by them announcing that their 3rd quarter was a little more difficult. They still have a plethora of new drug applications, and is still one of the hottest stocks in the sector. A very solid company.

Consumer Products

(A Top Pick April 19/17. Down 14%.) This shot up to about $140, but a key new drug application was denied. That was followed by them announcing that their 3rd quarter was a little more difficult. They still have a plethora of new drug applications, and is still one of the hottest stocks in the sector. A very solid company.

Consumer Products
Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Gr...

PricePrice
$106.000
Owned Owned
Yes

PARTIAL BUY
Cineplex Inc(CGX-T) 

January 15, 2018

This is a conundrum. You have strong management who bought up Canadian theatre chains, and did a great job of maximizing it. The valuation got to be very high. Then we had a tough movie season last year. That is what we are struggling with. Great management usually solves problems and figure out how to drive on. He wouldn't be afraid of this, but you might want to enter this on a series of purchases. Not a cheap stock.

other services

This is a conundrum. You have strong management who bought up Canadian theatre chains, and did a great job of maximizing it. The valuation got to be very high. Then we had a tough movie season last year. That is what we are struggling with. Great management usually solves problems and figure out how to drive on. He wouldn't be afraid of this, but you might want to enter this on a series of purchases. Not a cheap stock.

other services
Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Gr...

PricePrice
$32.500
Owned Owned
Unknown

COMMENT

He likes the stock.  Book value is $16.95 and it is trading at $11.50.  Debt load not bad.  It has been hammered because volumes have not increased.  Stock issues were made when they said they would not do them.  Debt went up in 2017. 

oil/gas

He likes the stock.  Book value is $16.95 and it is trading at $11.50.  Debt load not bad.  It has been hammered because volumes have not increased.  Stock issues were made when they said they would not do them.  Debt went up in 2017. 

oil/gas
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$11.480
Owned Owned
Unknown

COMMENT
Capital Power(CPX-T) 

January 15, 2018

He likes this. The Alberta power market is coming back. Had a lot of dislocation in Alberta over the past several years, because it built too much capacity. They went down and then moved to a lot of renewables. Shut down the big Sundance power plant. Thinks power prices in Alberta will come back, so this should come back. The short-term weakness is probably just market rotation. Should be a great investment long-term. Dividend yield of 7%+.

electrical utilities

He likes this. The Alberta power market is coming back. Had a lot of dislocation in Alberta over the past several years, because it built too much capacity. They went down and then moved to a lot of renewables. Shut down the big Sundance power plant. Thinks power prices in Alberta will come back, so this should come back. The short-term weakness is probably just market rotation. Should be a great investment long-term. Dividend yield of 7%+.

electrical utilities
Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Gr...

PricePrice
$23.720
Owned Owned
Yes

TOP PICK
Crew Energy Inc.(CR-T) 

January 15, 2018

74% natural gas.  They just added another facility.  Book value was $5.70.

oil/gas

74% natural gas.  They just added another facility.  Book value was $5.70.

oil/gas
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$2.850
Owned Owned
Yes

COMMENT

Some new hospitals coming into their areas were challenging this company's existing facilities, and the stock dropped substantially. He started buying it below $15. Likes the dividend yield, and doesn't think it will get cut. Just announced an acquisition of some US properties. Dividend yield of close to 9%.

other services

Some new hospitals coming into their areas were challenging this company's existing facilities, and the stock dropped substantially. He started buying it below $15. Likes the dividend yield, and doesn't think it will get cut. Just announced an acquisition of some US properties. Dividend yield of close to 9%.

other services
Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Gr...

PricePrice
$13.960
Owned Owned
Yes

COMMENT
Enbridge(ENB-T) 

January 15, 2018

Pipelines? Canada is producing way more oil than what we can get out, so there is a long-term demand for pipeline capacity. Because of a tight Canadian market, they are expensive on a global basis. This one has made big US acquisitions, because US companies are cheaper. The outlook for projects in all these companies is very strong. You should be fine in any of them.

oil/gas pipelines

Pipelines? Canada is producing way more oil than what we can get out, so there is a long-term demand for pipeline capacity. Because of a tight Canadian market, they are expensive on a global basis. This one has made big US acquisitions, because US companies are cheaper. The outlook for projects in all these companies is very strong. You should be fine in any of them.

oil/gas pipelines
Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Gr...

PricePrice
$49.700
Owned Owned
Unknown

COMMENT

The only public company that is a coil tubing operator.  Book value is $1.16 so it is trading at a discount.  They won a recent patent suit.  He recommends it and likes the story.  His only hesitation is that these companies have to tell their story.  These guys are reclusive in this respect.

oil/gas

The only public company that is a coil tubing operator.  Book value is $1.16 so it is trading at a discount.  They won a recent patent suit.  He recommends it and likes the story.  His only hesitation is that these companies have to tell their story.  These guys are reclusive in this respect.

oil/gas
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$0.820
Owned Owned
Unknown

COMMENT
Extendicare Inc(EXE-T) 

January 15, 2018

There is only coverage from a couple of firms.  He is not sure what caused the August drop.  (Analysts’ target: $9.67).

other services

There is only coverage from a couple of firms.  He is not sure what caused the August drop.  (Analysts’ target: $9.67).

other services
Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Manageme...

PricePrice
$8.640
Owned Owned
Unknown

PAST TOP PICK
Facebook(FB-Q) 

January 15, 2018

(A Top Pick April 19/17. Up 26%.) One of the stocks you have to own. They are capturing market share and growing rapidly. Growing at about 50% per annum.

(A Top Pick April 19/17. Up 26%.) One of the stocks you have to own. They are capturing market share and growing rapidly. Growing at about 50% per annum.

0
Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Gr...

PricePrice
$179.370
Owned Owned
Yes

COMMENT
CGI Group (A)(GIB.A-T) 

January 15, 2018

An extremely well-managed company, and they’ve gone from just being a Canadian regional company in the late 90s, to being one of the global giants in outsourcing of IT. Have made a lot of acquisitions and integrated them well. Expects they will continue doing so. One of the few Canadian technology companies that is big and global, and a core holding in most Canadian institutional portfolios. Thinks it will gradual move upward for quite a while.

consulting

An extremely well-managed company, and they’ve gone from just being a Canadian regional company in the late 90s, to being one of the global giants in outsourcing of IT. Have made a lot of acquisitions and integrated them well. Expects they will continue doing so. One of the few Canadian technology companies that is big and global, and a core holding in most Canadian institutional portfolios. Thinks it will gradual move upward for quite a while.

consulting
Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Gr...

PricePrice
$67.370
Owned Owned
Unknown

WATCH

He likes the company.  Junior oils have lost interest with investors.  He would watch it and buy it if it backs off.

oil/gas

He likes the company.  Junior oils have lost interest with investors.  He would watch it and buy it if it backs off.

oil/gas
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$3.690
Owned Owned
Unknown

BUY
Horizons S&P 500(HXS-T) 

January 15, 2018

HXS-T and HXT-T in a non-registered account.  He likes this strategy based on a total return swap.  You only pay capital gains tax.  There is no distribution.  If you believe the markets will go higher for a number of years these are great instruments.  A buy and hold for many years.

E.T.F.'s

HXS-T and HXT-T in a non-registered account.  He likes this strategy based on a total return swap.  You only pay capital gains tax.  There is no distribution.  If you believe the markets will go higher for a number of years these are great instruments.  A buy and hold for many years.

E.T.F.'s
Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Manageme...

PricePrice
$65.150
Owned Owned
Unknown

BUY

HXS-T and HXT-T in a non-registered account.  He likes this strategy based on a total return swap.  You only pay capital gains tax.  There is no distribution.  If you believe the markets will go higher for a number of years these are great instruments.  A buy and hold for many years.

E.T.F.'s

HXS-T and HXT-T in a non-registered account.  He likes this strategy based on a total return swap.  You only pay capital gains tax.  There is no distribution.  If you believe the markets will go higher for a number of years these are great instruments.  A buy and hold for many years.

E.T.F.'s
Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Manageme...

PricePrice
$33.840
Owned Owned
Unknown

COMMENT

A great little company that basically operates in an oligopoly with 3M's Scotch tape. With the move of Amazon and all the shipping, the amount of tape being sold is increasing. Instead of shipping in containers, stores are now shipping in small packages. A fine little growth company and has good management.

packaging/containers

A great little company that basically operates in an oligopoly with 3M's Scotch tape. With the move of Amazon and all the shipping, the amount of tape being sold is increasing. Instead of shipping in containers, stores are now shipping in small packages. A fine little growth company and has good management.

packaging/containers
Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Gr...

PricePrice
$22.530
Owned Owned
Yes

COMMENT
Manulife Financial(MFC-T) 

January 15, 2018

Lifecos are widely believed to be the biggest beneficiaries of higher interest rates, due to large amount of long-term assets they hold, and that they discount their policies. There have been some strong recommendations by brokers on these companies this year. This one has struggled with its debacle in 2008 and then we saw the fortress balance sheet being built. When they do that, they are not taking aggressive action to grow. This has now recovered and is now focusing on their stronger assets, which is Asia. However, there are $2 billion of tax losses they have to forgo because of the change in tax legislation in the US. $30 - $32 would be his target for 12 months.

insurance

Lifecos are widely believed to be the biggest beneficiaries of higher interest rates, due to large amount of long-term assets they hold, and that they discount their policies. There have been some strong recommendations by brokers on these companies this year. This one has struggled with its debacle in 2008 and then we saw the fortress balance sheet being built. When they do that, they are not taking aggressive action to grow. This has now recovered and is now focusing on their stronger assets, which is Asia. However, there are $2 billion of tax losses they have to forgo because of the change in tax legislation in the US. $30 - $32 would be his target for 12 months.

insurance
Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Gr...

PricePrice
$27.420
Owned Owned
Yes

DON'T BUY
Martinrea(MRE-T) 

January 15, 2018

It has taken off pretty significantly in the last number of months.  Looking at the 10 year picture, it has broken out here.  It would be bad news if it dropped back into the range it broke out of.  It has to stay above $14 and then there will be room to the upside.  This could waver a bit based on what happens with NAFTA.

metal fabricators

It has taken off pretty significantly in the last number of months.  Looking at the 10 year picture, it has broken out here.  It would be bad news if it dropped back into the range it broke out of.  It has to stay above $14 and then there will be room to the upside.  This could waver a bit based on what happens with NAFTA.

metal fabricators
Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Manageme...

PricePrice
$15.460
Owned Owned
Unknown

TOP PICK
Microsoft(MSFT-Q) 

January 15, 2018

Under the new CEO, the company has been turned around. They’ve entered into the Cloud computing business, and with their domination of small businesses, which is moving into the Cloud, this is the natural one to go for. Thinks it can go through $100. Dividend yield of 1.9%. (Analysts' price target is $94.)

computer software/processing

Under the new CEO, the company has been turned around. They’ve entered into the Cloud computing business, and with their domination of small businesses, which is moving into the Cloud, this is the natural one to go for. Thinks it can go through $100. Dividend yield of 1.9%. (Analysts' price target is $94.)

computer software/processing
Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Gr...

PricePrice
$89.600
Owned Owned
Yes

TOP PICK
Netflix Inc.(NFLX-Q) 

January 15, 2018

There are 1.5 billion TVs globally, and there are 1.2 billion cable connections. This company has about 100 million subscribers and has 1st mover advantage. Their cash flow is long to produce the shows, and get ahead of everybody else, and catching them is going to be very difficult. (Analysts' price target is $225.)

There are 1.5 billion TVs globally, and there are 1.2 billion cable connections. This company has about 100 million subscribers and has 1st mover advantage. Their cash flow is long to produce the shows, and get ahead of everybody else, and catching them is going to be very difficult. (Analysts' price target is $225.)

Unknown
Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Gr...

PricePrice
$221.230
Owned Owned
Yes

COMMENT
Nutrien Ltd.(NTR-T) 

January 15, 2018

Corn can be used to make oil or feed cattle, so corn prices are not what they used to be. It was as high as $8, but with oil prices coming back it has dropped. There is less incentive for farmers to lay nitrogen to increase production. Also, there is excess capacity in potash. He worries about this, because you can't forecast in the longer sense.

agriculture

Corn can be used to make oil or feed cattle, so corn prices are not what they used to be. It was as high as $8, but with oil prices coming back it has dropped. There is less incentive for farmers to lay nitrogen to increase production. Also, there is excess capacity in potash. He worries about this, because you can't forecast in the longer sense.

agriculture
Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Gr...

PricePrice
$66.500
Owned Owned
Unknown

COMMENT
Novo-Nordisk(NVO-N) 

January 15, 2018

Has a great lineup of new products coming. They own the insulin market globally, and is the #1 provider in the world, and the leader in technology on insulin. Given the trends of diabetes in the world, that is going to be a growing business. A slower growth health care stock that you can hold and get your 3%-5% dividend yield along with another 5%-10% earnings growth. You’ll do just fine.

biotechnology/pharmaceutical

Has a great lineup of new products coming. They own the insulin market globally, and is the #1 provider in the world, and the leader in technology on insulin. Given the trends of diabetes in the world, that is going to be a growing business. A slower growth health care stock that you can hold and get your 3%-5% dividend yield along with another 5%-10% earnings growth. You’ll do just fine.

biotechnology/pharmaceutical
Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Gr...

PricePrice
$55.040
Owned Owned
Unknown

TOP PICK
Newell Brands Inc(NWL-N) 

January 15, 2018

Recommended this in the fall, but was a little too early. The hurricane hit their supply, then they had a bad 3rd quarter. Their brands are still strong globally, and thinks the stock is going to head back to the $40-$50 where it came from. Dividend yield of 2.9%. (Analysts' price target is $35.)

misc consumer products

Recommended this in the fall, but was a little too early. The hurricane hit their supply, then they had a bad 3rd quarter. Their brands are still strong globally, and thinks the stock is going to head back to the $40-$50 where it came from. Dividend yield of 2.9%. (Analysts' price target is $35.)

misc consumer products
Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Gr...

PricePrice
$32.260
Owned Owned
Yes

DON'T BUY
Precision Drilling(PD-T) 

January 15, 2018

He prefers Trinidad.  The PD-T debt is his concern.  The company is focusing on paying down debt, however.  On a cash flow multiple basis it is cheap and it trades at a discount to book value. 

oil/gas field services

He prefers Trinidad.  The PD-T debt is his concern.  The company is focusing on paying down debt, however.  On a cash flow multiple basis it is cheap and it trades at a discount to book value. 

oil/gas field services
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$4.670
Owned Owned
Unknown

DON'T BUY

Last week they announced a cut in the dividend and a cut in the cap-x program.  They are going to try to keep production flat.  $10.12 book value.  The balance sheet debt is a concern.  It still trades above book value.  The numbers don’t make sense.

oil/gas

Last week they announced a cut in the dividend and a cut in the cap-x program.  They are going to try to keep production flat.  $10.12 book value.  The balance sheet debt is a concern.  It still trades above book value.  The numbers don’t make sense.

oil/gas
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$13.830
Owned Owned
Unknown

COMMENT
Painted Pony Energy(PONY-T) 

January 15, 2018

The mix is very good.  $6.30 is the book value.  The balance sheet is good.  It is trading at a third of book value.  People think the company won’t survive but he disagrees.  This is trading at survival value.  They have hedges on the gas price.  He likes what he is seeing.  He is looking into it seriously.

oil/gas

The mix is very good.  $6.30 is the book value.  The balance sheet is good.  It is trading at a third of book value.  People think the company won’t survive but he disagrees.  This is trading at survival value.  They have hedges on the gas price.  He likes what he is seeing.  He is looking into it seriously.

oil/gas
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$2.210
Owned Owned
Unknown

COMMENT

He is a little concerned that higher interest rates are coming. Also, people are getting tired of watching sports, and this company has a number of great sports franchises. If we see a slowdown in housing, connections to cable may also slow down. In spite of all that, this company is extremely solid. Great dividend yield and great cash flow.

Cable

He is a little concerned that higher interest rates are coming. Also, people are getting tired of watching sports, and this company has a number of great sports franchises. If we see a slowdown in housing, connections to cable may also slow down. In spite of all that, this company is extremely solid. Great dividend yield and great cash flow.

Cable
Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Gr...

PricePrice
$62.200
Owned Owned
No

HOLD

Canada's largest retail REIT. They’ve been having some difficulty, which is reflected in the stock price. He wouldn't worry about the distribution. The issue would be what can they do to grow. He would classify this as a weak hold. You are going to get squeezed a little by higher rates and a slower economy.

property mngmnt/investment

Canada's largest retail REIT. They’ve been having some difficulty, which is reflected in the stock price. He wouldn't worry about the distribution. The issue would be what can they do to grow. He would classify this as a weak hold. You are going to get squeezed a little by higher rates and a slower economy.

property mngmnt/investment
Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Gr...

PricePrice
$24.080
Owned Owned
Unknown

COMMENT
Raytheon(RTN-N) 

January 15, 2018

A US defence stock? He doesn't own anything in defence, but within the sector, this is a stock that has done very, very well for several years, and a key one to own because of the antimissile defence capabilities.

electrical/electronic

A US defence stock? He doesn't own anything in defence, but within the sector, this is a stock that has done very, very well for several years, and a key one to own because of the antimissile defence capabilities.

electrical/electronic
Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Gr...

PricePrice
$197.460
Owned Owned
No

BUY

In the end he thinks NAFTA won’t be cancelled.  The energy portion is something they need.  They should want to import from Canada rather than OPEC.  He likes the company.  They have no debt.  They had success in wells in Morocco.  He thinks it is a $5 to $10 stock in 5 to 10 years.

oil/gas

In the end he thinks NAFTA won’t be cancelled.  The energy portion is something they need.  They should want to import from Canada rather than OPEC.  He likes the company.  They have no debt.  They had success in wells in Morocco.  He thinks it is a $5 to $10 stock in 5 to 10 years.

oil/gas
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$0.910
Owned Owned
Yes

PAST TOP PICK
Surge Energy Inc(SGY-T) 

January 15, 2018

(A Top Pick Jun 12/17, Down 1%)  Mid-December he pulled the trigger on this one as well as other gas stocks.

oil/gas

(A Top Pick Jun 12/17, Down 1%)  Mid-December he pulled the trigger on this one as well as other gas stocks.

oil/gas
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$2.170
Owned Owned
No

WATCH
Sonoro Energy Ltd.(SNV-X) 

January 15, 2018

He likes management.  They have a big land area in Indonesia.  It looks like a very interesting story but he is waiting for a meeting with management.

He likes management.  They have a big land area in Indonesia.  It looks like a very interesting story but he is waiting for a meeting with management.

0
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$0.185
Owned Owned
Unknown

BUY on WEAKNESS
Spartan Energy Corp(SPE-T) 

January 15, 2018

It is trading at book value ($7.58).  It is 90% oil.  They are going to spend $380 Million in 2018.  It is a buy on any weakness.  In the $6 area it makes a lot of sense.

oil/gas

It is trading at book value ($7.58).  It is 90% oil.  They are going to spend $380 Million in 2018.  It is a buy on any weakness.  In the $6 area it makes a lot of sense.

oil/gas
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$7.590
Owned Owned
Unknown

BUY on WEAKNESS
Suncor Energy Inc(SU-T) 

January 15, 2018

When it gets to book value just under $28 at present, it is a buy, historically.  In 2017 the price of oil was up 7% and this one did very well.  Nat gas went down 20%.  Mother nature could close their value gap very quickly with a cold winter.

integrated oils

When it gets to book value just under $28 at present, it is a buy, historically.  In 2017 the price of oil was up 7% and this one did very well.  Nat gas went down 20%.  Mother nature could close their value gap very quickly with a cold winter.

integrated oils
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$47.280
Owned Owned
Unknown

WATCH
Tricon Capital Group(TCN-T) 

January 15, 2018

The balance sheet is superb.  Book value is $3.40.  They have an ability to grow the company.  It is on his watch list.  If it gets near the book value it could be quite attractive.

REAL ESTATE

The balance sheet is superb.  Book value is $3.40.  They have an ability to grow the company.  It is on his watch list.  If it gets near the book value it could be quite attractive.

REAL ESTATE
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$10.850
Owned Owned
Unknown

BUY
Trinidad Drilling Ltd(TDG-T) 

January 15, 2018

Bargains are in the natural gas side.  This one is on his alert list.  It was devastated in tax loss selling and has now recovered.  He thinks it will get to a premium to book in Q3.  They have low debt on the balance sheet. 

oil/gas field services

Bargains are in the natural gas side.  This one is on his alert list.  It was devastated in tax loss selling and has now recovered.  He thinks it will get to a premium to book in Q3.  They have low debt on the balance sheet. 

oil/gas field services
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$1.880
Owned Owned
Unknown

COMMENT

This is in pretty good shape at the moment. With the move to electric cars, it should double the world's copper production. This has very strong copper assets. Also has very strong zinc assets which are doing very, very well at the moment. Metallurgical coal is doing fine. Everything is moving in the right direction for them at the moment. It's a well-managed company, but highly cyclical. The stock will probably do fine for the next 6 months or so.

precious metals

This is in pretty good shape at the moment. With the move to electric cars, it should double the world's copper production. This has very strong copper assets. Also has very strong zinc assets which are doing very, very well at the moment. Metallurgical coal is doing fine. Everything is moving in the right direction for them at the moment. It's a well-managed company, but highly cyclical. The stock will probably do fine for the next 6 months or so.

precious metals
Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Gr...

PricePrice
$38.630
Owned Owned
No

COMMENT
Target Corp(TGT-N) 

January 15, 2018

This stumbled badly in Canada which set the stock back. Also, there has been a consumer pullback in the last year. The stock came back with Christmas sales, and things seem to be back to normal. Doesn't think there is anything special about this company, but it is a solid hold and you will do fine. Earnings are growing slowly.

clothing

This stumbled badly in Canada which set the stock back. Also, there has been a consumer pullback in the last year. The stock came back with Christmas sales, and things seem to be back to normal. Doesn't think there is anything special about this company, but it is a solid hold and you will do fine. Earnings are growing slowly.

clothing
Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Gr...

PricePrice
$76.800
Owned Owned
Unknown

WATCH
Tourmaline Oil Corp(TOU-T) 

January 15, 2018

It was a love affair.  It used to trade at two times book value.  Because of the lousy Nat. gas price it went down and so he thinks it is cheap.  In the next 2-4 years it could get back to the old high.

oil/gas

It was a love affair.  It used to trade at two times book value.  Because of the lousy Nat. gas price it went down and so he thinks it is cheap.  In the next 2-4 years it could get back to the old high.

oil/gas
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$21.740
Owned Owned
Unknown

COMMENT
TransCanada Corp(TRP-T) 

January 15, 2018

Pipelines? Canada is producing way more oil than what we can get out, so there is a long-term demand for pipeline capacity. Because of a tight Canadian market, they are expensive on a global basis. This has made big US acquisitions, because US companies are cheaper. The outlook for projects in all these companies is very strong. You should be fine in any of them.

oil/gas pipelines

Pipelines? Canada is producing way more oil than what we can get out, so there is a long-term demand for pipeline capacity. Because of a tight Canadian market, they are expensive on a global basis. This has made big US acquisitions, because US companies are cheaper. The outlook for projects in all these companies is very strong. You should be fine in any of them.

oil/gas pipelines
Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Gr...

PricePrice
$60.020
Owned Owned
Unknown

BUY on WEAKNESS
Vermilion Energy Inc(VET-T) 

January 15, 2018

They get very high gas prices in Europe.  The stock has held up very well.  It could be a core holding.

oil/gas

They get very high gas prices in Europe.  The stock has held up very well.  It could be a core holding.

oil/gas
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$48.660
Owned Owned
Unknown

DON'T BUY
Valeura Energy Inc.(VLE-T) 

January 15, 2018

They had a recent discovery but it is too small of an entity for analysts to cover.  Turkey is not an energy territory.

oil/gas

They had a recent discovery but it is too small of an entity for analysts to cover.  Turkey is not an energy territory.

oil/gas
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$4.230
Owned Owned
Unknown

COMMENT

The key factor for this company is that the US housing market is booming, housing is recovering, and housing starts are still way below where they need to be. All the forest product stocks have done very, very well. Sometime down the road there will be a settlement with the US and the tariffs will drop and the stock will pick up again.

west coast forestry

The key factor for this company is that the US housing market is booming, housing is recovering, and housing starts are still way below where they need to be. All the forest product stocks have done very, very well. Sometime down the road there will be a settlement with the US and the tariffs will drop and the stock will pick up again.

west coast forestry
Bruce Murray

CEO & Chief Investment Officer, The Murray Wealth Gr...

PricePrice
$2.720
Owned Owned
Unknown

PAST TOP PICK

(A Top Pick Jun 12/17, Down 32%)  This was a top pick to buy some time after the show.  It did quite well after the weakness he was looking for in order to buy.  They are a Canadian driller.

(A Top Pick Jun 12/17, Down 32%)  This was a top pick to buy some time after the show.  It did quite well after the weakness he was looking for in order to buy.  They are a Canadian driller.

0
Josef Schachter

President, Schachter Asset Mana...

PricePrice
$1.350
Owned Owned
No

DON'T BUY

VNQ-N in the US is a read on the index in the US.  It has been in a pretty reliable trading range for a year or so but we broke out of it.  Then look at ZRE-T and it is a different picture.  There is much more risk in the Canadian REITs here.  Even with a dovish rate increase he does not think you want to buy it here.  You need a more significant dip here to buy it.  He prefers below $19.

E.T.F.'s

VNQ-N in the US is a read on the index in the US.  It has been in a pretty reliable trading range for a year or so but we broke out of it.  Then look at ZRE-T and it is a different picture.  There is much more risk in the Canadian REITs here.  Even with a dovish rate increase he does not think you want to buy it here.  You need a more significant dip here to buy it.  He prefers below $19.

E.T.F.'s
Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Manageme...

PricePrice
$20.850
Owned Owned
Unknown

WAIT

It is a great holding for Canadians to get telcos and pipelines.  30% is in US utilities.  The CAD$ has rallied 2-3% and utilities in the US have been getting beaten up.  That caused the last swing down in the price.  This should stabilize if there is a dovish rate hike in Canada this week.  After Wednesday’s BOC meeting it would be a good time to buy if they do a ‘raise and done for a year.’

E.T.F.'s

It is a great holding for Canadians to get telcos and pipelines.  30% is in US utilities.  The CAD$ has rallied 2-3% and utilities in the US have been getting beaten up.  That caused the last swing down in the price.  This should stabilize if there is a dovish rate hike in Canada this week.  After Wednesday’s BOC meeting it would be a good time to buy if they do a ‘raise and done for a year.’

E.T.F.'s
Larry Berman CFA, CMT, CTA

Chief Investment Officer, Partner, ETF Capital Manageme...

PricePrice
$13.350
Owned Owned
Unknown

N/A
General Market Comment 

January 12, 2018

Market. We are coming out of 10 years of financial repression and low interest rates. The two-year treasury actually went over 2% today, the first time since September 2008. Capitalism has been on its back literally for over 10 years. As interest rates move up, that is showing that capitalism is coming back. The market is recognizing that. The last time he was on the show, his fair value for the S&P 500 was around $3100. Now we are getting revisions and a jump up in earnings that we are going to start to see starting next week. Now his fair value for the S&P 500 is over $3200. We are on the verge of a parabolic move.

Market. We are coming out of 10 years of financial repression and low interest rates. The two-year treasury actually went over 2% today, the first time since September 2008. Capitalism has been on its back literally for over 10 years. As interest rates move up, that is showing that capitalism is coming back. The market is recognizing that. The last time he was on the show, his fair value for the S&P 500 was around $3100. Now we are getting revisions and a jump up in earnings that we are going to start to see starting next week. Now his fair value for the S&P 500 is over $3200. We are on the verge of a parabolic move.

Unknown
Brian Acker, CA

Chief Executive Officer, President and Chief Inves, Acker Finley Inc....

PricePrice
$0.020
Owned Owned
_N/A

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