{"id":44534,"date":"2017-11-20T20:36:00","date_gmt":"2017-11-20T20:36:00","guid":{"rendered":"https:\/\/wp2.inovestor.com\/2017\/11\/john-hoods-top-picks-november-20-2017-bnn-online\/"},"modified":"2017-11-20T20:36:00","modified_gmt":"2017-11-20T20:36:00","slug":"john-hoods-top-picks-november-20-2017-bnn-online","status":"publish","type":"post","link":"https:\/\/www.inovestor.com\/en-us\/2017\/11\/john-hoods-top-picks-november-20-2017-bnn-online\/","title":{"rendered":"John Hood’s Top Picks: November 20, 2017 (BNN (Online))"},"content":{"rendered":"

John Hood, president and portfolio manager at\u00a0J.C. Hood Investment Counsel Inc.
\nFOCUS: Options and\u00a0ETFs<\/strong>
\n_______________________________________________________________<\/p>\n

MARKET OUTLOOK<\/strong><\/u><\/p>\n

Markets are preoccupied with Keystone, NAFTA and the possibility of Trump\u2019s tax reform going through. Fortunately, Keystone received approval this morning, but this will still be subject to legal skirmishing, so it’s not a done deal. A\u00a0positive sign, in any sense. My sense is that if tax reform is stalemated, then the \u201cTrump Bump”\u00a0will be largely wiped off the market, but only temporarily. The fact is that markets have been rising because U.S. companies are making money, so any decline would,\u00a0in my view, be a buying opportunity. In Canada, even if NAFTA were junked, trade would not stop, but negotiations would persist for months if not years amid much uncertainty. Nevertheless, I like the industrial sectors in Canada and the U.S.<\/p>\n

TOP PICKS<\/strong><\/u><\/p>\n

\n
\n
\n
\n
\n
\n
<\/div>\n
<\/div>\n
<\/div>\n
\n
John Hood’s Top Picks<\/div>\n
John Hood, president and portfolio manager at J.C. Hood Investment Counsel, discusses his top picks: the BMO Equal Weight Industrials ETF, the Horizons Inovestor Canadian Equity Index ETF and the Industrial Select Sector SPDR Fund.<\/div>\n<\/div>\n
\n
<\/div>\n
<\/div>\n
<\/div>\n<\/div>\n
<\/div>\n
<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
John Hood’s Top Picks<\/div>\n

John Hood, president and portfolio manager at J.C. Hood Investment Counsel, discusses his top picks: the BMO Equal Weight Industrials ETF, the Horizons Inovestor Canadian Equity Index ETF and the Industrial Select Sector SPDR Fund.<\/p>\n<\/div>\n

I have been complaining on previous shows that there was too much redundancy among Canadian\u00a0ETFs;\u00a0most were 65 to 70 per cent\u00a0financial, energy and materials. However, I had overlooked a small ETF from BMO (ZIN).This search was prompted by Horizons having just launched INOC, which includes industrials with consumer goods and services, some financials\u00a0and tech. These two ETFs will fill in the blanks for those wanting ETFs that are not so overweight financials and energy.<\/p>\n

<\/div>\n

BMO EQUAL WEIGHT INDUSTRIALS\u00a0ETF<\/a>\u00a0(ZIN.TO)<\/strong><\/p>\n

HORIZONS INOVESTOR CANADIAN EQUITY INDEX\u00a0ETF<\/a>\u00a0(INOC.TO)<\/strong>\u00a0– financials 24 per cent, consumer goods\/services 27 per cent, industrials 32 per cent, tech 8 per cent<\/p>\n

INDUSTRIAL SELECT SECTOR SPDR FUND<\/a>\u00a0(XLI.US)<\/strong><\/p>\n

\u00a0<\/p>\n

\n
\n
\n\n\n\n\n\n\n\n
DISCLOSURE<\/th>\nPERSONAL<\/th>\nFAMILY<\/th>\nPORTFOLIO\/FUND<\/th>\n<\/tr>\n<\/thead>\n
ZIN<\/td>\nN<\/td>\nN<\/td>\nN<\/td>\n<\/tr>\n
INOC<\/td>\nN<\/td>\nN<\/td>\nN<\/td>\n<\/tr>\n
XLI<\/td>\nN<\/td>\nN<\/td>\nN<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n

PAST PICKS: MAY 11, 2017<\/strong><\/u><\/p>\n

\n
\n
\n
\n
\n
\n
<\/div>\n
<\/div>\n
<\/div>\n
\n
John Hood’s Past Picks<\/div>\n
John Hood, president and portfolio manager at J.C. Hood Investment Counsel, discusses his past picks: the Questrade Russell 1000 Equal Weight U.S. Health Care Index ETF, the BMO European High Dividend Covered Call Hedged to CAD ETF and the Energy Select Sector SPDR.<\/div>\n<\/div>\n
\n
<\/div>\n
<\/div>\n
<\/div>\n<\/div>\n
<\/div>\n
<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
John Hood’s Past Picks<\/div>\n

John Hood, president and portfolio manager at J.C. Hood Investment Counsel, discusses his past picks: the Questrade Russell 1000 Equal Weight U.S. Health Care Index ETF, the BMO European High Dividend Covered Call Hedged to CAD ETF and the Energy Select Sector SPDR.<\/p>\n<\/div>\n

UPDATE:<\/strong>
\nI\u00a0sold the Questrade Fixed Income Core Plus ETF (QCP.TO), which was being merged into a Wisdom Tree bond ETF with overly long duration.<\/p>\n

QUESTRADE RUSSELL 1000 EQUAL WEIGHT U.S. HEALTH CARE INDEX\u00a0ETF HCAD (QRH.TO)<\/strong>
\nSince Wisdom Tree acquired Questrades ETFs, it is unclear whether this ETF will continue or be substantially changed. I did not own any but had recommended it. I do not like the uncertainty.<\/p>\n