Bryden Teich
Member since: Jan '18
Portfolio Manager at
Avenue Investment Management
Avenue Investment Management
421 Opinions
Latest Top Picks
(A Top Pick Oct 28/19, Up 126%) It is still a large position even though he trimmed a lot of it through October. He still likes the backdrop for them. If you order anything online there is more than a 90% chance that it gets flown on one of their planes. They care greatly about their employees. There is plenty of upside from here. They have taken on some load that would have gone on passenger planes.
(A Top Pick Oct 28/19, Up 41%) He trimmed it but still owns it. He likes their focus on the Medicare segment of the healthcare space. A lot of the headline risk has gone following the election. There is a huge tailwind of new customers for them as people turn 65 in the US. There is still huge growth opportunity over the next few years.
(A Top Pick Oct 28/19, Up 3%) MTL.DB-T Convertible Bonds Maturing 2026, 5.75%. He sold them out of his equity portfolio but still owns them in his bond portfolio. He is very familiar with the company and they have a very consistent track record. There is an imbedded call option in the share that triggers if it gets above $14.
A diversified industrial technology company. Medical imaging software, toll road software. They have a broad base of businesses geared to industrial technology. They take their cash flow and deploy it into acquisitions. They have a good track record. He likes the consistency of the income and cash flow streams. (Analysts’ price target is $439.31)
A lot of car sales growth recently is in the used car market. A lot of the used car inventory got sucked up last spring. It is a consistent business. It has a really nice tail wind for the next couple of years. (Analysts’ price target is $1365.94)
Signal
Opinion
Expert
Chart
N/A
N/A
December 7, 2020
Market. November was a strong month. We are finally seeing a much broader strength in the market. It looks positive going into 2021. We are stretched a little at these levels short term, however. Any pullbacks will be pretty good buying opportunities during December. He thinks we will see a weaker US dollar going into 2021. Global growth looks positive as we go into a post-COVID world.
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Market. November was a strong month. We are finally seeing a much broader strength in the market. It looks positive going into 2021. We are stretched a little at these levels short term, however. Any pullbacks will be pretty good buying opportunities during December. He thinks we will see a weaker US dollar going into 2021. Global growth looks positive as we go into a post-COVID world.
DON'T BUY
DON'T BUY
December 7, 2020
Best Canadian Telecom. He has no exposure to them, having transitioned out over the last couple of months. BCE-T would be his favorite. For dividend investors they are a nice part of the portfolio.
Show full opinionHide full opinionBest Canadian Telecom. He has no exposure to them, having transitioned out over the last couple of months. BCE-T would be his favorite. For dividend investors they are a nice part of the portfolio.
DON'T BUY
DON'T BUY
December 7, 2020
The healthcare sector in general has been in the news a lot recently. He owned this one a couple of years ago. It is a diversified, broad exposure to pharma. There are, however, sectors of healthcare he likes better such as managed health care and devices.
Show full opinionHide full opinionThe healthcare sector in general has been in the news a lot recently. He owned this one a couple of years ago. It is a diversified, broad exposure to pharma. There are, however, sectors of healthcare he likes better such as managed health care and devices.
biotechnology/pharmaceutical
BUY WEAKNESS
BUY WEAKNESS
December 7, 2020
He owns ENB-T. The issue had been headline risk and over the last couple of months there was headline risk to projects in Michigan. He likes it though, for the dividend. Buy it on a day when it gets hit of possible.
Show full opinionHide full opinionHe owns ENB-T. The issue had been headline risk and over the last couple of months there was headline risk to projects in Michigan. He likes it though, for the dividend. Buy it on a day when it gets hit of possible.
oil/gas pipelines
BUY
BUY
December 7, 2020
Telehealth Stocks. He is more familiar with Cloud MD. The adoption was always something you could see but the pandemic has brought that forward. It is definitely an area of healthcare that is interesting. There is definitely upside to the sector as a whole. It is hard to know which company is going to do the best so own small positions in two or three of them.
Show full opinionHide full opinionTelehealth Stocks. He is more familiar with Cloud MD. The adoption was always something you could see but the pandemic has brought that forward. It is definitely an area of healthcare that is interesting. There is definitely upside to the sector as a whole. It is hard to know which company is going to do the best so own small positions in two or three of them.
N/A
N/A
December 7, 2020
How to Buy Volatility. Over the last ten years the VIX has moved higher at the same time as the market sells off. It still has not been below 20 since March and we saw a significant run in stocks. Volatility is up at the same time as markets and this does not happen often. The traditional correlation is breaking down. It feels like we are in the beginning of the market top blowing off. Prepare to be in an environment where we still have an elevated VIX.
Show full opinionHide full opinionHow to Buy Volatility. Over the last ten years the VIX has moved higher at the same time as the market sells off. It still has not been below 20 since March and we saw a significant run in stocks. Volatility is up at the same time as markets and this does not happen often. The traditional correlation is breaking down. It feels like we are in the beginning of the market top blowing off. Prepare to be in an environment where we still have an elevated VIX.
PARTIAL SELL
PARTIAL SELL
December 7, 2020
It has been on a pretty good run since March. They have gone out and made a few acquisitions which the market likes. They have tried to diversify into other areas of retail than restaurants. You don't want to be chasing this stock up at this level, perhaps take some profits. They are in an evolving payment space. It is too high for him to buy.
It has been on a pretty good run since March. They have gone out and made a few acquisitions which the market likes. They have tried to diversify into other areas of retail than restaurants. You don't want to be chasing this stock up at this level, perhaps take some profits. They are in an evolving payment space. It is too high for him to buy.
PAST TOP PICK
PAST TOP PICK
December 7, 2020
(A Top Pick Oct 28/19, Up 126%) It is still a large position even though he trimmed a lot of it through October. He still likes the backdrop for them. If you order anything online there is more than a 90% chance that it gets flown on one of their planes. They care greatly about their employees. There is plenty of upside from here. They have taken on some load that would have gone on passenger planes.
Show full opinionHide full opinion(A Top Pick Oct 28/19, Up 126%) It is still a large position even though he trimmed a lot of it through October. He still likes the backdrop for them. If you order anything online there is more than a 90% chance that it gets flown on one of their planes. They care greatly about their employees. There is plenty of upside from here. They have taken on some load that would have gone on passenger planes.
Transportation & Environmental Services
PAST TOP PICK
PAST TOP PICK
December 7, 2020
(A Top Pick Oct 28/19, Up 41%) He trimmed it but still owns it. He likes their focus on the Medicare segment of the healthcare space. A lot of the headline risk has gone following the election. There is a huge tailwind of new customers for them as people turn 65 in the US. There is still huge growth opportunity over the next few years.
Show full opinionHide full opinion(A Top Pick Oct 28/19, Up 41%) He trimmed it but still owns it. He likes their focus on the Medicare segment of the healthcare space. A lot of the headline risk has gone following the election. There is a huge tailwind of new customers for them as people turn 65 in the US. There is still huge growth opportunity over the next few years.
medical services
PAST TOP PICK
PAST TOP PICK
December 7, 2020
(A Top Pick Oct 28/19, Up 3%) MTL.DB-T Convertible Bonds Maturing 2026, 5.75%. He sold them out of his equity portfolio but still owns them in his bond portfolio. He is very familiar with the company and they have a very consistent track record. There is an imbedded call option in the share that triggers if it gets above $14.
Show full opinionHide full opinion(A Top Pick Oct 28/19, Up 3%) MTL.DB-T Convertible Bonds Maturing 2026, 5.75%. He sold them out of his equity portfolio but still owns them in his bond portfolio. He is very familiar with the company and they have a very consistent track record. There is an imbedded call option in the share that triggers if it gets above $14.
Transportation
DON'T BUY
DON'T BUY
December 7, 2020
HSE-T + CVE-T: Stay after the merger? He does not own either one. He understands the merger makes sense. There are a lot of cost savings that can be found. He prefers CNQ-T, PXT-T and one of his Top Picks today. He prefers these to HSE-T. If the sector bounces back you could get an uplift.
oil/gas
DON'T BUY
DON'T BUY
December 7, 2020
HSE-T + CVE-T: Stay after the merger? He does not own either one. He understands the merger makes sense. There are a lot of cost savings that can be found. He prefers CNQ-T, PXT-T and one of his Top Picks today. He prefers these to HSE-T. If the sector bounces back you could get an uplift.
oil/gas
DON'T BUY
DON'T BUY
December 7, 2020
He does not own any FANG right now. The US tech space has been such a great sector of the market over the last few years. The looming threat is that anti-trust will take a big swing at large techs in the US. He prefers other smaller ones in the tech space. See his Top Picks today.
Show full opinionHide full opinionHe does not own any FANG right now. The US tech space has been such a great sector of the market over the last few years. The looming threat is that anti-trust will take a big swing at large techs in the US. He prefers other smaller ones in the tech space. See his Top Picks today.
Business Services
DON'T BUY
DON'T BUY
December 7, 2020
He transitioned out of this in the spring. The thesis was that electric buses would be a greater part of the fleet in North America. He felt there was better opportunities for the money he had in this one. It is a stock market psychology phenomenon.
Show full opinionHide full opinionHe transitioned out of this in the spring. The thesis was that electric buses would be a greater part of the fleet in North America. He felt there was better opportunities for the money he had in this one. It is a stock market psychology phenomenon.
Automotive
DON'T BUY
DON'T BUY
December 7, 2020
They have done a great job expanding their footprint over the last couple of years. He worried about the COVID impact in South America so he did not have confidence in their South American operations. It could be a part of your portfolio for US exposure but it does not fit into what he wanted to do. See his Top Picks.
Show full opinionHide full opinionThey have done a great job expanding their footprint over the last couple of years. He worried about the COVID impact in South America so he did not have confidence in their South American operations. It could be a part of your portfolio for US exposure but it does not fit into what he wanted to do. See his Top Picks.
food services
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