A Comment -- General Comments From an Expert (A Commentary)
COMMENT
Stagflation. Weak economic growth with higher prices could happen like in the 70s. No one knows for sure. The Fed will err on the side of caution and disinflation. The Fed will not be too hawkish in his opinion. Technology is disinflationary and a global workforce enabled by tech is also disinflationary. This will end up being transitory but we will not know for an uncomfortable amount of time.
Greg NewmanUnknown
COMMENT
Portfolio strategy. Still in a low interest rate environment. There are a lot of dividend stocks that are working and returning value to investors. Small cap, material, energy and oil are doing well. Lots of names in the US that are pricy. These are the names he is staying away from. In the Canadian and US tech, there are some opportunities. Toggle back and forth where you want to buy. There is opportunity in the big cap tech in the US.
Greg NewmanUnknown
COMMENT
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Commodity prices should continue to be elevated from higher inflation and ongoing economic recovery. Things should settle down once inflation normalizes. Oil, gas and copper probably has some room to run. Unlock Premium - Try 5i Free
Stockchase InsightsUnknown
COMMENT
Markets. Right now, the market has the bit in its teeth. Q3 earnings are excellent. Market's reaching up toward his target of 4.5x book value of 5250. Not an unwarranted target, as that was the precise peak of the stock market in 2000. It may rise as we get more balance sheets in, as numbers are affected by growth in the balance sheets. As the market gets higher, people are getting complacent, especially looking into 2022. That might be one concerning sign. But right now, that's not the case.
COMMENT
Canaries in the coal mine. He looks at particular sectors and stocks as his personal canaries. For example, FANG stocks, the leaders since 2009. If they break, it will be all over. AMZN might be the stock to signal the end. In the whole Covid selloff, AMZN barely budged. It warrants attention, as it represents poor value, even if it's holding in.
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Premium contentCOMMENT
- BlackBerry (BB-T)
- Merck & Company (MRK-N)
- Facebook (FB-Q)
- Snap Inc. (SNAP-N)
- Robinhood (HOOD-Q)
- Twilio Inc (TWLO-N)
- Anheuser Busch Companies Inc. (BUD-N)
- Teladoc Inc (TDOC-N)
- IBM (IBM-N)
- MicroVision (MVIS-Q)
- AMC Entertainment Holdings Inc. (AMC-N)
- Tesla Motors Inc (TSLA-Q)
- GameStop Corp. (GME-N)
- Decarbonization Plus Acquisition Corporation III (DCRC-Q)
- Western Digital (WDC-Q)
COMMENT
Challenges this year like inflation and petro currency. Today, BOC announced it's going to stop bond purchases. This will lead to higher rates. Mortgages could be challenged. Also signals our economy is stronger and can stand on its own. Increase in the CAD means we'll have trouble being competitive compared to Europe, US, and Asia. These challenges will impact the Canadian economy.
COMMENT
TFSA ideas for a USD investment. Healthcare is an interesting area, especially with a slant toward medical devices. MDT is a safe and steady name, significant track record of dividend increases. For a 25K investment, you need to decide if you're looking for safe and steady, or significant upside. See also his Top Picks.
COMMENT
Buying commodities. You can buy them when they start moving, for example last year. Another strategy is that you trade around. When a stock runs up, you trim it. When it bottoms and starts to move again, you push capital towards it. So you always have a base position, not necessarily a full weighting at all times.
COMMENT
Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Tax loss selling usually peaks in the third week of November. This tends to be the best time to go looking for bargains. The economy is recovering and earnings have been strong, so it may be a good time to enter. Unlock Premium - Try 5i Free
Stockchase InsightsUnknown
COMMENT
Are megacap tech stocks too powerful? FAANG plus Tesla? Government is cracking down on some of these big names like Amazon, Apple, Alphabet and Facebook. Only Microsoft and Tesla have gotten away from getting targeted. He thinks Washington considers these companies all wrong. Do they need some control? Sure, but tech companies are innovative--he's proud of them.
COMMENT
The TSX has been on a 14-day run, pausing this morning. The outlook is reasonably positive, given how consumers are flush and are spending more on restaurants and travel with more to come. Stocks are expensive, but there's better value in Canada than the U.S., so there's room to run in Canada with pockets of value. There's a lot of uncertainty and disagreement over inflation, driven by supply shortages. If inflation stays around 3%, this could lead to problems, placing some risk on stocks.
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