Stock price when the opinion was issued
He rotated out a few weeks ago. Seeing recent weakness in financials (with $$ also coming out of industrials and consumer discretionary). Chart shows a fairly major breakdown of support ~$78. Now the stock is rolling back up, so it's looking more encouraging. Downtrend line on the chart is ~$81-82, so we'll have to see what happens at that point.
A quality Canadian name, allowing Canadian dollars to access global markets. Their challenge is that they invest in private businesses, then sell them at a higher price. But all the current volatility has put those plans on hold. Not the end of the world--BN will continue to run those businesses.
Typically, his Top Picks include a US name, a Canadian name, and an income name. Today all 3 picks are Canadian compounders.
Brookfield is a phenomenal, high-quality company. Will benefit from current environment. Roughly $160-170B of client capital to invest. Can grab businesses that come under pressure. Easy way for you to be counter-cyclical, sleep at night, they do the work for you. Yield is 0.7%.
In an uptrend, not parabolic. Right now, it's making a normal pullback to a trendline. Good-looking stock.