He bought it to increase his healthcare holdings. They have several business: prescriptions, medical devices, a huge consumer business, and vaccines. He's waiting for med. devices to pick up after operations resume globally after Covid. JNJ and Merck seem to lag the others in vaccines, but there'll be many opportunities to sell vaccines--vaccines will be a big winner for JNJ.
He bought it to increase his healthcare holdings. They have several business: prescriptions, medical devices, a huge consumer business, and vaccines. He's waiting for med. devices to pick up after operations resume globally after Covid. JNJ and Merck seem to lag the others in vaccines, but there'll be many opportunities to sell vaccines--vaccines will be a big winner for JNJ.
vs. CN Rail It did well, though not as well as the FAANGs. He's pared his holding. You can't compare this with CN--completely different industries. You can own both though. CN may do better than OTEX.
The global auto outlook is very good. For many months, nobody was buying or making cars, so now there's pent-up demand. Ford is high-risk, though. Magna is safer in this space. If you're a risk-taker, Ford is fine.
vs. Tourmaline Oil Like ENB, it faces the same regulatory approval headwinds; will Biden approve Keystone XL? TC still has many pipelines operating and pays a safe dividend. You can't compare this to Tourmaline, like apples vs. oranges.
vs. Tourmaline Oil Like ENB, it faces the same regulatory approval headwinds; will Biden approve Keystone XL? TC still has many pipelines operating and pays a safe dividend. You can't compare this to Tourmaline, like apples vs. oranges.
Owns Loblaw and real estate. This will track how Loblaw is doing. Supermarkets soared during the spring lockdown and will thrive during more lockdowns unfortunately. He prefers Kroger (American), because of its online and home delivery. It's okay to hold onto Weston. He's ambivalent.
TD and BMO have big US exposure, but he prefers buying a US bank itself. BNS has strong international exposure, especially Latin America, which he likes. Likes the diversity.