Disney popped today on strong subscription numbers to its streaming service and markets are at all-time highs. As profits rise, so do stocks. Nothing to fret about. Seasonality favours November and especially December in the US and Canada. He takes a long-term view. 24 of the last 30 Decembers have been positive for the TSX. Overwhelmingly positive, unlike last year. We're in the thick of Q3 reports in Canada; the U.S. is almost done. Valuations here are below the 10-year low. He's seeing a rotation from growth stocks to value/cyclical. The impeachment hearings in the U.S. are much ado about nothing; the Republican-dominated Senate will block an impeachment.

A tricky one. His view is in flux. A tough company to analyze. Maybe now is a dead-cat bounce (snaps back after a heavy drop). What is this business really worth? In two parts. They have concessions like the 407 toll road worth a lot on its own. So you get the engineering/construction side for free, but this side of the operation has performed poorly. He's not convinced they've turned the ship around under the new CEO. There have been governance problems. A lot of hair on this stock.

Safe dividend? Yes. The big issue is they're building a $3.5 billion plant that processes nat. gas into plastic, but can their balance sheet support this expansion. Also, pipelines are a big part of their business, and it's no surprise about pipeline woes in Canada. The chart is making higher highs and higher lows, and they're selling non-core assets in Europe to shore up the balance sheet. The worst is behind them. This new plant should add 40% to their EBITDA.

This and three other cannabis stocks report tomorrow. He doesn't touch this sector--too uncertain. Regulation is still in flux. Edibles are legal, but not on the shelves. Governance has been terrible with Canopy with the CEO fired. Maybe under $15 you can defend this stock. Maybe there'll be fireworks with tomorrow's report. Avoid this sector.

They just reported. Their issue is good, but decelerrating growth. Tension between China and US hurts them marketing in China; the longer this drags on, the more it pressures Canada Goose. It's well off its highs, but still hasn't bottomed.

A small-cap that owns an interest in tissue paper, a commodity. Pays a high dividend but also high payout, so a strong risk of a dividend cut. How long can they sustain that dividend and how deep will they cut it?

(A Top Pick Dec 04/18, Up 2%) Top of the heap in a very tough space. But he sees more in the tank--SU remains very undervalued. He feels oil stocks are oversold and due to rise.

(A Top Pick Dec 04/18, Up 18%) The gift that keeps giving to shareholders. A great business model and will surprise 7-11 among convenience stores. Management integrates acquisitions well which should continue. He remains confident with it.

(A Top Pick Dec 04/18, Up 16%) There's a report RY will dip into cryptocurrencies. Well-managed and diverse businesses and geographies. Pays a growing dividend at 7%. Expect consistent low-double digit returns going forward.

Used to own it. He was concerned with a recent acquisition, but more important is peak demand in transit buses, borne out in declining sales misses in the past 7 quarters, which isn't abating. We are nearing the bottom, so don't enter this yet. A wild card is 90% of their business comes from America, and what will the next president think?

Boasts 20% ROE, far ahead of its peers. A very good company. A consolidator in a fragmented industry (trucking). Pays a growing 3.5% dividend yield. It's cyclical, but will do you well over the long term.

A secular growth company. Was a market darling, but has come off a fair bit since the summer. It's up 120% since its IPO, it has a serious correction each year. Popeye's had great sales numbers though. Overall, he sees double-digit returns and likes it.

Loblaw vs. Empire vs. Metro Owns none. It's a toss-up. Metro is the best. Loblaw has had fits and starts. Empire is the dark horse, bouncing back from operational problems. One is as good as the others. Metro is good for the very long-term. But Empire for the shorter-term.

Your Canadian bank holdings and weighting? He owns TD and BNS (and RY), slightly overweight the TSX, because they are good income stocks and offer good stock through a diversity of businesses and earnings, regardless of the economic cycle. Only fools short the banks.

Worth buying despite a strong run-up? Yes. For the past 10 years, investors have complained that BAM is fully priced. True, sometimes the chart looks stretched, but he believes in management.