He sold it and that was a big mistake. Sold because the Justice Department deemed GOOG a monopolist, which would lead to a break up of the company. But if you believe that the parts hold value, then it's fine. He has seller's remorse. Waymo is way ahead of Tesla in self-driving cars, and Waymo could have a huge impact on GOOG. He wants to re-buy GOOG.
Market Update:
President Trump imposed 25% tariffs on goods from Japan and South Korea, starting on August 1. In addition, the copper market is currently in turmoil as President Trump announced a higher-than-expected 50% tariff on copper imports. The Canadian dollar was 73.04 cents USD. The U.S. S&P 500 ended the week up 0.4%, while the TSX was slightly down 0.1%.
A lot more greens this week than reds. Consumer discretionary and industrials gained 1.8% and 1.7%, respectively. Real estate and consumer staples added 1.5%, each, while energy edged up by 0.7%. Financials ended the week up 0.4%. Technology and materials ended the week down 1.7% and 1.6%, respectively. The most heavily traded shares by volume were TC Energy (TRP), Toronto-Dominion Bank (TD) and National Bank of Canada (NA).
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True, the S&P and Nasdaq hit new record closes this week, but the former sank 0.31% for the week and lost about that much on Friday, while the latter shed a handful of points over the week and slipped 0.22% on Friday. The Dow sank 0.63% during the session and lost 1% over the week. Though some investors are shrugging off the latest news in the TACO trade (50% tariffs on copper, and threatening 35% on Canada, 50% on Brazil and threats to more than 20 other countries), others are jittery. Hence, the sluggish trade on Friday.
Key names on Wall Street were Halliburton up 4.15%, Kraft Heinz 2.53%, PayPal -5.73%, Dayforce -5.18% and Nvidia adding 0.5% to continue its hot streak of record highs the past week. Meanwhile, Bitcoin jumped 3.85% to nearly US$118,000 while the U.S. 10-year yield crept up to 4.417%.
The TSX sank only a handful of points over the week and slipped 0.22% on Friday as sectors were mixed. Energy and materials performed the best: Aya Gold & Silver 9.25%, First Majestic Silver 7.36% and Cenovus 2.14%. Tech and healthcare lagged the most: Enghouse -4.13% and Open Text -4.03%. Commodities fared better with gold rising US$32 to US$3,386 and WTI climbing over US$2 to US$68.70.
🛢 Halliburton Co (HAL-N) +4.15%
🍅 Kraft Heinz Company (KHC-Q) +2.53%
💳 PayPal Holdings Inc. (PYPL-Q) -5.73%
💾 Dayforce (DAY-N) -5.18%
💾 NVIDIA Corporation (NVDA-Q) +0.5%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +3.85%
⛏ Aya Gold & Silver (AYA-T) +9.25%
🥈 First Majestic Silver (AG-N) +7.36%
🛢 Cenovus Energy (CVE-T) +2.14%
💾 Enghouse Systems (ENGH-T) -4.13%
💾 Open Text (OTEX-T) -4.03%
He doesn't typically tend to have a ton of commodities exposure. He owns a bit of gold and a bit of energy, but overall his firm is not a heavy commodity investor. It is the time for defensive businesses with good cashflow generation, and value investing should have a bit of a comeback. He favours Canada over the US right now for equities.
This week were 20 Stock and 4 ETF Top Picks in a wide range of industries: Industrials, Financials, Basic Materials, Technology, ETF and Energy. Here are this week´s Top Picks as selected by: Michael O’Reilly, Billy Kawasaki, John Ewing, Robert… read more
The S&P and Nasdaq inched higher to record closes, despite growing talk of complacency in the market over Trump’s ever-changing tariff decisions (Brazil being the latest target). The S&P added 0.27% and the Nadaq 19 points to 30,630 while the Dow climbed 0.43%. The U.S. 10-year yield stayed at 4.344%.
Delta Airlines delivered a convincing beat to raise its shares by 11.99% but also lift the entire leisure and travel sector. United Airlines soared 14.33%, and Caesars rallied 6.49%. Elsewhere, Fortinet slid 6.92%, though Estee Lauder jumped 6.34%. Bitcoin rose 2.5% to US$113,540.
In Toronto, the TSX returned to 27,000 after gaining 0.41%. Eight sectors rose, led by industrial and financials, while staples lagged the most. Key names on Bay Street included Energy Fuels soaring 16.34%, TransAlta 5.81%, Air Canada 3.74%, Denison Mines 3.46% and Boralex -3.37%. Gold advanced US$10 to US$3,324 while WTI declined US$1.50 to US$66.90.
🛫 Delta Air Lines Inc (DAL-N) +11.99%
🛫 United Airlines Holdings (UAL-Q) +14.33%
♠ Caesars Entertainment (CZR-Q) +6.49%
💻 Fortinet Inc (FTNT-Q) -6.92%
💄 Estee Lauder (EL-N) +6.34%
🅱 Bitcoin (BTCUSD) (CRYPTO:BTC) +2.5%
🛢 Energy Fuels Inc. (EFR-T) +16.34%
💡 Transalta Corp (TA-T) +5.81%
🛫 Air Canada (AC-T) +3.74%
⛏ Denison Mines Corp (DML-T) +3.46%
💡 Boralex Inc. (BLX-T) -3.37%
Over the past year or so, his firm has really been trying to find higher dividend-paying stocks. Resource stocks are where he's finding opportunity right now, while his colleague is specializing in growth names. They're trying to build a high-income engine within their long-term strategy.
Curated by Michael O'Reilly since 2020.
1550+ opinions with
4.81 rating (one of the best performing expert).
Our PAST TOP PICK with CGI is progressing well. To remain disciplined, we recommend trailing up the stop (from $32.00) to $35.50 at this time.
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