Cole Kachur

The last few months have really been mixed, with a confluence of geopolitical issues and other headwinds. Markets had a pretty good rebound off the April lows of last year, but haven't really been able to find a clear direction.

There's now a consolidation phase before, hopefully, the next run up. A necessary evil. Though not specifically what we want for US markets right now, it probably makes the next leg go higher. 

His team expects market movements as high as 7400, maybe by the end of April. Perhaps 8000 by the end of the year. This is an optimistic scenario, where good things need to happen and some geopolitical issues need to get sorted out.

It'll be a volatile year, and volatility leads to opportunity. Perhaps more of an active market than last year.

Yes, he expects more than 1 cut this year. Depending on how the nomination for Fed chair goes he expects a minimum of 2, but probably 3, cuts. 

Thinks economic growth is slowing down. Tariffs and other things do end up hurting the consumer. Later in the year, economic data may be a bit lower than people thought, and that might pave the way to another rate cut beyond what's currently priced in. 

Mixed bag. Some of the high flyers such as AMD are trading down today. Certain stocks are priced to perfection. They may not have had a bad quarter, but sometimes there's profit-taking or rotation out of certain investment types. That's just part of the market.

You can take advantage of your high flyers, repurpose that capital throughout the year and, hopefully, buy low and sell high :)

Classic example where you can't overreact to the news. When that announcement from the US came out the stock saw a bit of a dip, which has now mostly been recouped. Good company, good stock. It's all about political posturing, and sometimes companies get caught up in that.

Can be a staple Canadian company in portfolios, set it and forget it. Really good management structure. Big move off April lows, hasn't done a lot in the last year, in a sideways trading pattern. Nothing about this name scares him here. Perhaps 15-20% upside from here. $100 target seems aggressive to him.

Valuation had been overinflated. In major selloffs, sometimes concerns are overblown. A company like this has to reinvent itself over its lifespan. We're not quite sure how AI applications will play into software companies. Looks overdone, but you don't want to catch a falling knife.

If you want to start a position, dollar-cost-average in at times when stock's been hit a bit harder.

You have to be careful. Very rarely are there Sell positions on them. You have to look at a company and decide if you like it, perhaps using analyst ratings to help you make that decision. There can be other vested interests in those ratings. So don't rely on them too much.

Concerns about the software sector, and this name has a significant amount of business there. Often with the Big 7 some fall behind, and then a year later they're at the top of the pack (and something else has fallen behind). Right now, this is the laggard.

He'd start buying, as good companies don't go on sale that often. Good company, strong cashflow. At a similar multiple to S&P, but with significantly higher growth characteristics.

This one is good. Generally with ETFs he sticks with Vanguard or iShares. A similar iShares one is CYH.

Similar to VDY. If you want to diversify into CYH, compare the holdings to make sure you're not getting too much overlap. Strong performance. Gives you access to some of the top global markets. Not too much risk as a pure equity play. 

Another ETF to look at for monthly dividend payments. For global diversification, though, he's probably stick with VDY or CYH.

Hasn't owned for a number of years -- mainly because there are lots of good tech companies, with the bulk of them outside Canada. They'd have a better path to good results. Take a look at MSFT, for example.

Suffering pain along with most software companies, which have been hit unless they report amazing earnings. He'd be careful. He'd probably repurpose that capital, and look for a higher-quality company at a better valuation.

He can't :)  The reason is that he's not a big fan of the preferred share market. You take all the risk of an equity market, yet funds often trade at a discount to NAV. That market hasn't been super-kind to investors.

For income he'd rather own a pure dividend play, through either individual stocks or an ETF. If you want enhanced income, look at some of the covered call ETFs.

Right space for the last 6-8 months, so stock's moved up fairly significantly. Depends on your view of precious metals moving forward. Commodities are cyclical in nature, so when the bottom falls out it can fall pretty hard. 

Really good company, well run. But is it the place to be for the next 6 months? He'd be careful on commodities as we stretch into all-time highs on many of them. He's not a PM guru, so some of the other BNN guests could give more timely advice.

It seems that for the last 15 years, everyone has said that natural gas is going to be the play. But it's never really come to fruition.

It's "fine". This name is a bit more specialized to the gas sector. He'd rather look to the peer group -- ENB, PPL, and perhaps TRP. Other names have a longer track record and a better path to capital if they want to expand.