A Comment -- General Comments From an Expert (A Commentary)

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The best strategy is to not wait for the perfect time to purchase good companies. Stock prices for these companies may fall in a market correction, but good companies tend to recover quickly from market events. Unlock Premium - Try 5i Free

Industrials and tech. With the economy coming back to life, capital spending should increase. Industrials is a good place to be. Process control, HVACs, and semiconductors are places to look at. In terms of tech, software investment should do well, such as Microsoft and Adobe.

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Technology, industrials and consumer discretionary are the areas that are expected to outperform in the coming months. A drift up in the markets are expected and corporate earnings remain good. There is a lot of cash on the sidelines that will be deployed when time comes. Unlock Premium - Try 5i Free

Owning the tech giants. AAPL has underperformed the broader S&P 500 index since last fall. Great balance sheet, but perhaps not enough EPS growth at 9%. You want to see strong revenue growth, and looking back 5 years, AAPL's is only about 4%. High margins let it do well. Is this sustainable? Ahead of AAPL, he'd prefer FB, GOOG, MSFT, or AMZN, which all have higher revenue growth and each of which he owns.

Fast food stocks. Doesn't see a ton of dividend growth ahead in QSR. Even though there's growth in Popeye's, it provides only 11% of total revenues, so it will be hard to affect the whole company. It will perform OK, but have to keep our eyes on the Delta variant. Yield is about 3.3%, and thinks it's secure. Instead, he'd suggest SBUX on a pullback, DPZ or YUMC (which he owns).

Clean energy ETFs. ICLN is the go-to clean energy ETF in the US, well diversified. For CAD, look at the ZCLN, which is very similar. Some of these ETFs have fallen over the last few months, but now are stabilizing and moving higher. One of the mega-trends. Watch that most stocks have already priced in positive moves, where the average PE of the stocks is about 52x. Be careful of valuations.

Canadian tech names. Canadian space if fairly limited. There's SHOP, CSU, OTEX and that's about it. Maybe also BB. Look to the US and Asia for tech names. Loves FB and GOOG. Clampdown in China is presenting opportunities. Try NVDA, TSM, MSFT, MA. Some of these names make a lot of sense when you look at the valuation.

US financials. Likes the US financials, such as JPM. It has great management and execution, yield of 2.35%. He owns some of the European financials like UBS, as well as HSBC, PRU, and WFC.