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Stock Opinions by David Driscoll

COMMENT
Thinks "Santa Claus" rally will occur next week because of momentum and quantitative traders who believe in growth stocks. Biggest lesson investors can learn is "don't fight the Fed". If Fed tightens rates, equities will go down. Higher interest rates will lower earnings and increase market volatility. Diversified portfolio can protect from rising interest rates. Generation of investors who haven't experienced major crashes (1999), who he expects to keep buying dips.
Unknown
BUY
One of the larger banks and has highest credit rating in India. Weakness in stock (12x P/E ) compared to European peers (20x P/E). Not as much access to vaccines, so business in India muted. Good opportunity to buy as business is growing. India has population under 35 which provides good opportunity.
banks
DON'T BUY
No growth in this company and does not own anymore. If rate base doesn't grow, profitability and dividend won't grow. Growth rate not offsetting inflation. Not a good company to own.
mngmnt / diversified
COMMENT
Starting to grow business from military and healthcare side. Healthcare side has long runway for growth. Must be patient with this stock and will see better share price.
transportation equip & components
DON'T BUY
Not interested in the stock and is looking for bigger and better companies in the industry. However, the company has had a good growth rate and has been in business a long time. Company has survived through Covid-19. Compared to other competition in industry, the company is doing well.
machinery
BUY
Long term investment and owned since 1998. Up 28% YTD, 23% for 5 Years and 16% the last 15 years. Above average growth rates because is oligopoly. Covers most of Eastern Canada. Current assets greater than current liabilities. Great management team and returns continue to grow. Dividend has averaged around 14% growth per year.
machinery
BUY on WEAKNESS
Very good stock, however, being treated like a tech stock instead of a utility. Most of the business is in Florida and consists of solar, wind, natural gas and battery storage. 35x P/E Ratio. Growth rate around 11%. Buy a little now and buy more if/when there is a correction.
electrical utilities
PAST TOP PICK
(A Top Pick Aug 25/20, Up 0%) Make niche products that larger companies don't make. Not many elective surgeries happening now, so stock down. Trying to buy as much as possible. Is a good long term hold.
Healthcare
PAST TOP PICK
(A Top Pick Aug 25/20, Up 44%) Future of company is based on 5G telecommunications and micro chips in driver-less vehicles. Growing profitability at a fast speed. Divided yield at 10% compared to average of 6%.
electrical / electronic
PAST TOP PICK
(A Top Pick Aug 25/20, Up 58%) Ireland based company for tax purposes. Company requires elective surgeries. Stock doing very well. Very happy with company and will continue to buy more.
medical services
BUY
Has owned stock since price of $38.00 Shopify has capitalized on helping small and medium business owners (Amazon missed this). ~300x P/E makes it a cautious buy. Take a half position and wait until market pullback.
0
BUY
Life Science company that sells testing equipment for laboratories Government and educational institutions major clients. Continues to make acquisitions ad use free cash flow to pay down debt. Believes in the company. Will continue to own.
electrical / electronic
BUY on WEAKNESS
Recommends Getting tailwinds on higher fertilizer pricing. Also higher commodity prices help. Retail business is biggest strength. Demand for products will be remain strong.
agriculture
BUY on WEAKNESS
Company makes chips that go into gaming and crypto mining. 90x P/E ratio makes it very expensive. Likes the company, doesn't like the price. Buy when there is a market pullback.
computer software / processing
COMMENT
Owns company in TFSA. Company moving towards natural gas in pipelines. Stock struggling because pipeline to USA blocked (Keystone). Will grow dividend at ~5%. Not huge expectations on stock price movements.
oil / gas pipelines
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