Christine Poole
Member since: Jul '09
CEO & Managing Director at
GlobeInvest Capital Management
GlobeInvest Capital Management
3218 Opinions
Latest Top Picks
(A Top Pick Feb 13/20, Down 4%) Still likes it and holds it for client portfolios. Continues to buy at these levels. Covid impacted the consulting side. They are starting to see more bookings recently. Companies need to digitize and increase cybersecurity, services CGI offers. Strong balance sheet and well-positioned for acquisitions.
(A Top Pick Feb 13/20, Up 31%) Cruise lines and theme parks have been a drag, but they pivoted quickly to their direct to consumer streaming service. They boosted their subscription target recently. It is also a covid recovery play for when the theme parks and cruise lines come back. The franchise value is still very high. Would not add new money, wait for a pullback.
(A Top Pick Feb 13/20, Down 16%) They spun off Otis and Carrier, and merged with Raytheon. It is now half defence and half aerospace. The defence side has been doing well. Continues to hold it, and is a play for the recovery in the airline industry. Great management team. Earnings are depressed, but it will pick up with reopening.
The largest industrial gas company in the world with 24% global share. Almost in an oligopoly. Industrial gas is critical for many end markets and applications. 40% of the business is very recession resistant. Applications in electronics, health care and clean energy. Valuation is reasonable. Expects to increase earnings by double digits and dividend is expected to increase annually. (Analysts’ price target is $293.58)
Holds the number one market share in biscuits, candy and chocolate. Snacking is a favourable category with less private labels and more brand loyalty. Benefitted from covid with consumers gravitating to familiar brands. 40% of revenues come from emerging markets and demand will continue to increase. Trading at an attractive valuation. (Analysts’ price target is $65.24)
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COMMENT
COMMENT
February 19, 2021
Market Outlook. Looking back one year, that's when the TSX peaked, right before the March sell-off. The markets have decided to give a pass for 2020. Central banks have eased dramatically and interest rates are near zeros. Markets are reflecting the thinking that things will continue to improve this year.
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Market Outlook. Looking back one year, that's when the TSX peaked, right before the March sell-off. The markets have decided to give a pass for 2020. Central banks have eased dramatically and interest rates are near zeros. Markets are reflecting the thinking that things will continue to improve this year.
COMMENT
COMMENT
February 19, 2021
S&P 500 companies' earnings season for the fourth quarter is nearly over and they have surprised on the upside. Q4 earnings were 4% higher than the previous year. Companies are starting to be more comfortable giving guidance. Demand is coming back in areas that have start reopening. The earnings need to continue to come in to support the market as these highs.
Show full opinionHide full opinionS&P 500 companies' earnings season for the fourth quarter is nearly over and they have surprised on the upside. Q4 earnings were 4% higher than the previous year. Companies are starting to be more comfortable giving guidance. Demand is coming back in areas that have start reopening. The earnings need to continue to come in to support the market as these highs.
COMMENT
COMMENT
February 19, 2021
Rising bond yields. The market was a bit nervous this week, but the US 10-year bond yields are below what they were a year ago. Real interest rates are still negative. When the 10-year bond yields get to 3-3.5%, that's when you start to get a little nervous. Inflation needs to be watched. Feds have committed to low interest rates for the near future. If inflation gets up to 2-2.5% for a sustained period, markets can see more volatility.
Show full opinionHide full opinionRising bond yields. The market was a bit nervous this week, but the US 10-year bond yields are below what they were a year ago. Real interest rates are still negative. When the 10-year bond yields get to 3-3.5%, that's when you start to get a little nervous. Inflation needs to be watched. Feds have committed to low interest rates for the near future. If inflation gets up to 2-2.5% for a sustained period, markets can see more volatility.
DON'T BUY
DON'T BUY
February 19, 2021
An insurance company that uses the premiums to invest in businesses. The quarterly results of the company can be quite volatile. Has lagged the overall market this year. A stable long term business but there are more attractive opportunities elsewhere.
Show full opinionHide full opinionAn insurance company that uses the premiums to invest in businesses. The quarterly results of the company can be quite volatile. Has lagged the overall market this year. A stable long term business but there are more attractive opportunities elsewhere.
insurance
COMMENT
COMMENT
February 19, 2021
Has held it for many years. Recently sold it to make room for one of her top picks. A well-regarded quick serve company. The Chinese spinout has done better than the Yum! Brands that trades in New York. Saw better opportunities elsewhere.
Show full opinionHide full opinionHas held it for many years. Recently sold it to make room for one of her top picks. A well-regarded quick serve company. The Chinese spinout has done better than the Yum! Brands that trades in New York. Saw better opportunities elsewhere.
food services
BUY
BUY
February 19, 2021
Very attractively valued right now. Pipeline stocks have been stuck in the same corner as the energy producers when commodity prices collapsed. Infrastructure stocks have since recovered. Dividend is safe, yielding over 7%. Longer term growth may be affected if producers do not grow production. However, the capital projects will insure increasing cashflow for the foreseeable future. Intends to increase dividend with cashflow growth.
Show full opinionHide full opinionVery attractively valued right now. Pipeline stocks have been stuck in the same corner as the energy producers when commodity prices collapsed. Infrastructure stocks have since recovered. Dividend is safe, yielding over 7%. Longer term growth may be affected if producers do not grow production. However, the capital projects will insure increasing cashflow for the foreseeable future. Intends to increase dividend with cashflow growth.
oil/gas pipelines
BUY WEAKNESS
BUY WEAKNESS
February 19, 2021
Continues to own this. Buys more in the $270 range for clients. Likes the company and its potential to benefit from increasing housing demand. Interest rates are still low and housing stock is aging in the US. There is a need for renovations. Over the longterm, you can start accumulating.
Show full opinionHide full opinionContinues to own this. Buys more in the $270 range for clients. Likes the company and its potential to benefit from increasing housing demand. Interest rates are still low and housing stock is aging in the US. There is a need for renovations. Over the longterm, you can start accumulating.
specialty stores
BUY
BUY
February 19, 2021
Continues to buy for new clients. Very attractively priced here. Defensive with regulated cashflow. Increasing their dividends 6% annually through 2025. Bond yields are still very low so she is not concerned. The market has focused on cyclical recovery plays and neglected defensive stocks. A good time to buy when it is out of favour for steady dividends.
Show full opinionHide full opinionContinues to buy for new clients. Very attractively priced here. Defensive with regulated cashflow. Increasing their dividends 6% annually through 2025. Bond yields are still very low so she is not concerned. The market has focused on cyclical recovery plays and neglected defensive stocks. A good time to buy when it is out of favour for steady dividends.
electrical utilities
PAST TOP PICK
PAST TOP PICK
February 19, 2021
(A Top Pick Feb 13/20, Down 4%) Still likes it and holds it for client portfolios. Continues to buy at these levels. Covid impacted the consulting side. They are starting to see more bookings recently. Companies need to digitize and increase cybersecurity, services CGI offers. Strong balance sheet and well-positioned for acquisitions.
Show full opinionHide full opinion(A Top Pick Feb 13/20, Down 4%) Still likes it and holds it for client portfolios. Continues to buy at these levels. Covid impacted the consulting side. They are starting to see more bookings recently. Companies need to digitize and increase cybersecurity, services CGI offers. Strong balance sheet and well-positioned for acquisitions.
consulting
PAST TOP PICK
PAST TOP PICK
February 19, 2021
(A Top Pick Feb 13/20, Up 31%) Cruise lines and theme parks have been a drag, but they pivoted quickly to their direct to consumer streaming service. They boosted their subscription target recently. It is also a covid recovery play for when the theme parks and cruise lines come back. The franchise value is still very high. Would not add new money, wait for a pullback.
Show full opinionHide full opinion(A Top Pick Feb 13/20, Up 31%) Cruise lines and theme parks have been a drag, but they pivoted quickly to their direct to consumer streaming service. They boosted their subscription target recently. It is also a covid recovery play for when the theme parks and cruise lines come back. The franchise value is still very high. Would not add new money, wait for a pullback.
entertainment services
PAST TOP PICK
PAST TOP PICK
February 19, 2021
(A Top Pick Feb 13/20, Down 16%) They spun off Otis and Carrier, and merged with Raytheon. It is now half defence and half aerospace. The defence side has been doing well. Continues to hold it, and is a play for the recovery in the airline industry. Great management team. Earnings are depressed, but it will pick up with reopening.
(A Top Pick Feb 13/20, Down 16%) They spun off Otis and Carrier, and merged with Raytheon. It is now half defence and half aerospace. The defence side has been doing well. Continues to hold it, and is a play for the recovery in the airline industry. Great management team. Earnings are depressed, but it will pick up with reopening.
mngmnt/diversified
DON'T BUY
DON'T BUY
February 19, 2021
Has had a great 2020 enabling small businesses to sell online. The high valuation has prevented them from buying for clients. The company reported recently and said they do not expect the same level of growth as last year. There is a lot of expectation in the current price.
Show full opinionHide full opinionHas had a great 2020 enabling small businesses to sell online. The high valuation has prevented them from buying for clients. The company reported recently and said they do not expect the same level of growth as last year. There is a lot of expectation in the current price.
DON'T BUY
DON'T BUY
February 19, 2021
Very defensive cashflow streams. Compared to Fortis, Hydro One has geographical limitations being based only in Ontario. In terms of rising interest rates, it remains low and it is not an immediate concern. Look for a utility that has the ability to increase dividends annually.
electrical utilities
WAIT
WAIT
February 19, 2021
Owns it for the online advertising aspect. Waiting for a pullback to put new money in it. It will continue to grow with online advertisement growth. They have diverse cash generating operations. Will add new money when there is a 10% pullback.
Show full opinionHide full opinionOwns it for the online advertising aspect. Waiting for a pullback to put new money in it. It will continue to grow with online advertisement growth. They have diverse cash generating operations. Will add new money when there is a 10% pullback.
Business Services
COMMENT
COMMENT
February 19, 2021
U.S. 10 year yield. The US yield is 1.3%, and 1.1% in Canada. Very low interest rates. When interest rates start to go up in terms of the yield curve, it is a good thing since it means the growth outlook is improving. Cyclical stocks are doing better because of this. We must evaluate the discount on future earnings with higher interest rates for growth names and this is what is hampering their performance right now.
Show full opinionHide full opinionU.S. 10 year yield. The US yield is 1.3%, and 1.1% in Canada. Very low interest rates. When interest rates start to go up in terms of the yield curve, it is a good thing since it means the growth outlook is improving. Cyclical stocks are doing better because of this. We must evaluate the discount on future earnings with higher interest rates for growth names and this is what is hampering their performance right now.
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