Celestica Inc (CLS.TO)

Very much aligned with the entire platform being built out, not just individual components. Direct exposure and concentration to the hyperscalers as customers. He thinks those capex numbers are going up, so there's still upside in this name. But with any narrative shift, this will get sold off first.

In a massive growth segment, with the AI infrastructure buildout. Strategically in a very good position. If you have your heart set on this one, valuation is very reasonable at below 20x PE. Yet FCF is fairly meagre, which indicates valuation is still stretched. Watch and wait.

Instead, he uses TSM for client portfolios. Valuations in the space tend to be fairly rich. So this name isn't a buy today. Watch and wait on this one too.

Is benefiting from the huge demand in the data centre buildout. Trades at a high PE, so expectations are high. 

Incredible chart over past 3 years (up over 1,000%). Trades fairly expensively at ~35x PE, not a lot of room for error. There is a capital cycle, and that cycle will end.

Trades at 41x PE. It comes down to whether demand will continue to rise with AI spending. If so, profits will continue to be profitable with EPS to jump from $10 in 2026 to $15 in 2027, then $19 in 2028, then $26 in 2029. CLS comes down to how much you want to pay for it. Beta is a volatile 2.04, twice as much as the TSX. So, earnings is very important. 

This is a great time to buy. Q1 revenue growth is up over 50% and guidance was increased. You could buy now and add if it goes lower to $430. They provide design, manufacturing and supply chain solutions including aero-defense and communication. It has recently collaborated with AMD.

META selling excess capacity is specific to META, not necessarily a sign that hardware is slowing. Still likes it here.

Canadian tech that's done well. Likes it, continuing to own going forward.

It's a manufacturing company. Can they continue to grow at this level and justify a high multiple? The market overestimates their earnings and margins. So when AI emerges, you see a strong pullback. Be cautious with stocks like this which aren't consistent over time. View their PE as a manufacturing and not a tech company.

He took some profits just last week. His 12-month target is $650. Buy in thirds here ~$500, $450, and $400 (note that he rarely gets this last third of any position). Darling of Canadian networking companies. Next earnings report at beginning of July.

Helps build hardware behind AI and cloud infrastructure. Massive growth. Revenue jumped more than 50% last quarter. Moving into products with better margins, increasingly important in AI supply chain.

Expectations are high. She sees upside potential of 30%, price target of ~$625. No dividend.

Not trading cheap. A triple in the last year. He's a value investor. He can't explain or understand the multiple. It's for momentum-type traders. He wouldn't be involved here.