Markets. What a difference a year makes. Markets were collapsing, but he felt it was driven by macro, not fundamental, issues. No doubt about an upcoming Santa Claus rally. He's seen a lot of underperformance of active management as they held a lot of cash, so to catch up, look at the bellwethers like Microsoft and Apple. They'll probably stay strong till year's end. Russell 2000 has reached new highs, a positive signal. You want to see broad based participation. The January effect is another positive factor.

The Fed has provided a lot of liquidity. In 2018 4th quarter, 28 central banks were raising rates. Now there are 56 lowering rates. Very accommadative global policy. Also, Trump is really concerned with appearances and cares about how the Dow and the S&P are doing.

Off its 52-week highs. He's a big fan, but got stopped out. Pretty hard to take on the incumbent, Amazon. Shopify executing well, relentless R&D. They've become the full one-stop shop. Be careful, as it's a bit more volatile. Has really good runway. Will probably have a powerful December.

Value play, which has had a difficult time. Criticism that they've lost their way. Changing its stripes underneath the surface, but still a great business model. Rolling 10-year numbers have been declining, which is a bit of a concern. But he'd still own it. Pays no dividend, so it's almost like a tax shelter.

Constantly acquiring. Great Canadian name. Margins are very strong, but some are concerned with the organic growth. They have cash, and he'd say M&A will pick up next year. Complementary US name is Roper Technologies.

Tech, financials, industrials, and some of the value names are really moving. What's nice is that is has a bias toward some of the mid-cap names. Industrials are in a great sunshine period right now.

Moving sideways since April. Incredibly good buy here. It's basically Canada in a stock. A bit of cyclicality. You never have to worry about it. It's a buy when it's down 16-17%. No proper Canadian portfolio should be without it.

Another beauty. Owns Visa instead. Not too late to buy. A lot of disruptors in the space, but Mastercard and Visa are on top of their game and will squash them out. Strong long-term hold. At the end of the day, there's no reason you can't own both MA and V.

(A Top Pick Nov 20/18, Up 10%) The more activity, the better they do. In all the major asset classes. Volumes were down, but now you're seeing more of a pickup.

(A Top Pick Nov 20/18, Up 21%) Continues to be the global leader in water hygiene. New markets, population growth. Drifting a bit, as there's a bit of profit taking going on. Still growing at a solid 5-6% on segment sales. Still likes it.

(A Top Pick Nov 20/18, Up 38%) Visa did a partnership with Tencent, which is great for tourists in China. Credit card space still has huge growth ahead of it.

A stop loss is a great backstop, so you can cut your losses and let your winners run. Looks overbought right now. Start with a 2% position today, and add another 2% if there's a pullback. Large reach in emerging markets, and best way to access infrastructure all over the world. (Analysts’ price target is $85.00)

Derivative play on e-commerce. Managing themselves extremely well. Continue to add flights and routes. Good entry point. Things are moving in the economy and about to get really good, and this is a great buy.

Got stopped out. Still a big fan. On demand, system maintenance and monitoring. Great business model. He would be looking to get back in. A buy at these levels.

Has been marking time for a year. People often forget about Instagram. He's not sure that he's all that interested in it.