The December low changed his mind about US stocks. It haunts him. He's gone from green to yellow. That said, the Fed is on our side and so is the US dollar. Now, if the US can get out out of its own way (re: China trade deal)... Value stocks continue to implode--they are so cheap.

Is there any growth in the investment business? AGF's balance sheet is too big for what they earn. Potential write-offs must happen to bring that down. Asset management businesses are being killed. $10.84 is his target price--lots of upside and they can cover their dividend.

$45.27 is his model price, and it's close to this. He would buy at $41.

It's overvalued relative to its earnings. $38.50 is his model price, far below its current price. Pays a 4.26% yield. Telus can cover its dividend, but it is way too expensive. He would buy at $40, not now.

He models only $48.88. It pays a meager dividend. This is way overpriced. Gold is having a good run though, but he holds little gold.

Their balance sheet is a mystery. What happened in 2017? Was something spun off? $35.69 is his model price, far below current pricing. He doesn't follow EMA. Their earnings relative to balance sheet are way overpriced (and so are their peers). You had a good ride, so sell it now. This has gone too far, too fast, after hitting an all-time high.

The balance sheet is impaired and there should be write-offs, which he hasn't seen. He sees 32% upside with a $64 model price, but he'd be happy seeing this at $53.80. He would recommend this stock above this price. He has recommended MET before, but MET just can't get going. The balance sheet is ugly. Also, if interest rates fall to zero, all insurance companies will get hit.

His model price is $24.26, below current prices, but this is book value as he sees it. SNC is interesting now (he's not recommended it before). This is worth a speculation around $23. Wait for a pullback.

It's right on $16.68 model price. Good 4.38% yield. This is trading at fair market value, as its peers are overpriced. Buy on a pullback, though you can buy a little now.

(A Top Pick Jun 26/18, Down 5%) Still loves this despite pressure on chips due to the China-US trade war. $83.07 is his model price, 77% higher than current prices. Intel isn't as cyclical as its peers. You may need to wait for the next cycle in semis though.

(A Top Pick Jun 26/18, Down 0.5%) Flat. We don't know what will happen with interest rates. A lot of question marks with US banks, given the 2020 US election which may lead to the Democrats limiting these banks.

(A Top Pick Jun 26/18, Up 33%) He's long held and liked this. $71.14 is his model price.

Oil in two years He can't predict oil. He won't touch this, not even at $4. They've made their balance sheet worse. His model price $5.31. There are more write-offs--and pain--to come.