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Stock Opinions by Andrew Pyle

COMMENT
Monetary policy is seeing a seismic shift and the impact of the Russian war is weakening the global outlook. Both amount to sustained volatility. In recent weeks we've seen a decent rebound especially in Canadian stocks. Pull back in Q2 on equities as we wait to see what happens in Ukraine. He isn't a massive fan of energy stocks. The second half of the year will see oil pull back to $80; the best is behind us.
Unknown
PARTIAL SELL
A stellar performance in the last 6 months with strong dividend growth in the past year. But slower economic activity in Asia is a headwind. Take profits or sell, then re-enter in the summer on a 10-15% pullback. He likes the dividend.
insurance
PARTIAL BUY
Strong balance sheet, which signals they can sustain their dividend of 5.7%. The stock is overvalued now.
oil / gas pipelines
DON'T BUY
Its PE is higher than peers and he expects headwinds in this sector. Growth forecasts for North America and Europe are dimming as economists expect higher rates. He wouldn't own this.
consulting
BUY
A long-term investment. US tech has fallen too much this year and faces further challenges this quarter. IBM's PE has pulled back and is now attractive. Tech as a whole is undervalued now.
electrical / electronic
BUY
Shares are now attractive. Analysts are more positive on Uber. It's a reopening play. Its fuel surcharge buffers rising oil prices. He targets $50, a decent short-term gain.
Technology
BUY
Some avoid utilities as interest rates rise. However, Canadian utilities have done very well due to the Russian invasion. So, investors seek defence in this sector. Valuations here are a little rich. He likes Hydro One for stability. He also likes clean energy like AQN, which he trimmed a little. Clean energy will come back this year after a strong 2020 and maybe not as strong as 2020, but still good.
electrical utilities
BUY
Some avoid utilities as interest rates rise. However, Canadian utilities have done very well due to the Russian invasion. So, investors seek defence in this sector. He also likes clean energy like AQN, which he trimmed a little. Clean energy will come back this year after a strong 2020 and maybe not as strong as 2020, but still good.
electrical utilities
PARTIAL SELL
It struggles to test new highs, three attempts at $190 so that's probably a stop. Go lower to find an entry point, even trimming exposure. That said, it's a steady company that one should own.
insurance
COMMENT
Oil or gold? Two different sectors, though gold is seen as a storer of wealth during geopolitical turmoil. He prefers gold. Oil will likely fade later this year though there could be upside near term. Oil is a short-term trade, or you pick for the long term companies with strong dividends and balance sheets.
Unknown
PAST TOP PICK
(A Top Pick Jul 09/21, Down 27.84%) Stock has disappointed in the past year, but he sees it as a 5-10 year position. EV targets are aggressive but ultimately will be met. He's been adding to weakness and still believes in it.
misc industrial products
PAST TOP PICK
(A Top Pick Jul 09/21, Up 74%) Materials gained since last year because of supply constraints that continue partly due to Russia. He still holds it, though isn't adding to it. He will start taking profits on this.
Mining
PAST TOP PICK
(A Top Pick Jul 09/21, Up 22.51%) He likes it for being stable and being the largest player in the world. The price of gold will remain high because of inflation concerns and the Russian war.
precious metals
BUY on WEAKNESS
The stock has come off a lot this year to around $140. Maybe buy around $120 this quarter. This is a long-term add in a sector that will continue to grow. Valuations are attractive.
Telecommunications
COMMENT
Commodity prices have climbed, partially due to the Russian war. This stock is not overvalued. He expects continued strength in copper prices, even beyond that war, because of demand for EVs. Share price is now slightly high.
non-base metal mining
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