Alex Ruus

Markets will be choppy in the second half of 2024. Yes, the economy has been outperforming, but there are definite signs of stalling. Interest rates of the last 2 years needed time to impact the economy, but this drag effect is starting to happen. It's been offset by crazy spending by world governments, which has kept things going. It's an okay environment for companies, though. Inflation remains higher than expected, so he expects no interest rate cuts this year. Some company valuations are getting stratospheric, but there is opportunity in neglected areas. Everyone is chasing megatech.

It's done well the past year, and taken away leadership from TD. You can take some profits, but longer term the Canadian banks do well, though they are in a holding pattern now.

He used to avoid this, but its PE has fallen to 15x PE. New changes include a new CEO and will launch an ad business. Interesting to look at this and he is warming up to this.

A derivative play in AI and they are thriving now. Has done well, so you can trim and take profits. But CLS could go higher, but it's getting pricey and eventually the boom will end.

It's good to be in gold now, and CG is one of the cheapest gold stocks. They've diversified their portfolio geographically, which is good, but this stock always bounces around.

Energy is the most undervalued sector in Canada. This year, global world consumption will hit a record high. Yes, we need to find alternative energy, but demand is insatiable. The bigger names like Suncor trade at much higher PEs, but investors will eventually look at smaller names like this. Hold, if you own, and you can add shares.

Well-run with operations in western Canada, Chile and UK. CAT is looking expensive, so you consider this. FTT is safe.

A crazy stock. The franchise is not bad, but this is hugely played by speculators and shorts. Hugely volatile. They raised money which improves the balance sheet. Can't predict this.

Prefers the telcos to the banks. In telcos, there's not much growth, but these stocks are undervalued. He picks Telus. TD: if there's no more bad news coming, this is probably a buy, but many investors are sitting and waiting. TD is likely undervalued to other banks, but wait 3 months to see how their overhand shakes out.

Prefers the telcos to the banks. In telcos, there's not much growth, but these stocks are undervalued. He picks Telus. TD: if there's no more bad news coming, this is probably a buy, but many investors are sitting and waiting. TD is likely undervalued to other banks, but wait 3 months to see how their overhand shakes out.

Likes both, but their stories differ. SU holds Oil Sands which have a long reserve life. The new executives are doing a great job fixing problems. VRN is a conventional producer in the Duvernay and Montney with shorter reserves. Both are undervalued--though VRN is more likely to go higher, though VRN is more volatile.

Likes both, but their stories differ. SU holds Oil Sands which have a long reserve life. The new executives are doing a great job fixing problems. VRN is a conventional producer in the Duvernay and Montney with shorter reserves. Both are undervalued--though VRN is more likely to go higher, though VRN is more volatile.

Likes both, but their stories differ. SU holds Oil Sands which have a long reserve life. The new executives are doing a great job fixing problems. VRN is a conventional producer in the Duvernay and Montney with shorter reserves. Both are undervalued--though VRN is more likely to go higher, though VRNs more volatile.

It's had a huge price surge recently and is now too pricey. Prefers Pfizer.

A screaming buy at this level. Very cheap. Trades at a 40-50% discount to Prairie Sky and pays a higher 7.9% dividend at 13% free-cash flow yield.