A big day today. Nobody expected Canada to cut rates, and everyone expected the U.S. to cut rates (but will pause). Both happened. And the markets lifted. Now, if the US and China don't get a trade deal and Brexit fails to happen, then the Fed could get negative like Japan and Germany are. As for the Canadian interest rate, he expects that we will close the gap between us and the U.S. given the Canadian economy.

He avoids it due to volatility. It's been a weak performer this year and the news isn't getting better. Also, there is a growing inventory of used jets on the market, which will pressure new jets that Bombardier makes.

It's done so well that some investors may take some profits now. He likes it. If you're buying this for 5-10 years for, say an RRSP, this is fine to buy now. Good fundamentals. They continue to reinvent themselves. As long as leadership remains the same, he thinks they can.

He likes the sector and likes AT&T longer term. It's not recession-proof though, but could hold its own against its peers. It pays over a 5% yield, far better than a 10-year U.S. treasury bond.

Likes it. Investor flows have been pouring into non-traditional energy stocks like this. He'd still be buying this now.

He's owned this before. It's formed a nice bottom, so it's a good time to buy it now. He will. It's a decent entry point. Good for an RRSP or a long-term investor.

The interest cut today has thrown a bit of a lifeline to cyclicals like this (and delayed a recession for a little longer). Stocks like this can improve a bit, but only for a short time and until a downturn hits. It comes down to your risk tolerance and your outlook. Also, manufacturing is in a correction.

A speculative play. It's a bet on their growth prospects. The stock didn't do well until the takeover move. There hasn't been much movement after that takeover announcement. Take profits.

What happens to this in a recession? He likes it. It wouldn't do too badly in a recession. Good to enter it now for the long term.

(A Top Pick Nov 15/18, Down 37%) Canadian oil remains troubled. At the time, Mullen had decent value, but that has declined in the past year. Disappointed.

(A Top Pick Nov 15/18, Up 20%) It's more of a trading stock now. Returns were better a few weeks ago before the telco pullback. Still holds and likes it.

(A Top Pick Nov 15/18, Up 21%) He's starting to exit it after the merger deal was announced. It's a speculative stock. Some may not buy this because it is in the gambling space and that will hurt the stock. A good time to take some profits.

Will the Onex takeover happen? Q3 earnings muted but beat the street. The deal will go through, so not much has happened to the stock (and won't sell off).

He likes it, but has had a rough time with a proposed takeover of a UK company (https://ca.finance.yahoo.com/news/open-text-weighs-takeover-offer-193049589.html), but many investors bailed on OTEX in reaction. He still likes OTEX's fundamentals.

It may be bottoming out now, so entering this is good. He has owned this before. Good fundamentals.

They just reported earnings and beat the street. This will rise in tomorrow's trading. He's been adding to it. (Analysts’ price target is $49.78)

He's returning to this after its complete stock meltdown. It's not a big dividend player, but the valuation compels to buy this for the short/mid-term. He's 20% upside for the next 12 months. (Analysts’ price target is $69.67)

The stock that investors love to hate. He's been in and out of this. Likes its global outlook and fundamentals. (Analysts’ price target is $81.33)

Good if you want yield, paying 5.2%. There's been a floor in place recently, and this sector does well in a low-interest rate environment--and rates will likely not rise. This is a decent play now.

It's pulled back since the summer. Was once a top pick. It's been a rollercoaster with talk of competition. It's one of the best recession-proof stocks around. He won't add to it until there is a pullback.

A stock that doesn't make money. You buy this stock as it takes market share in streaming as cable subs shrink. Now is a good buying opportunity, because of the migration from cable. So that cable subscription money has to go somewhere. Earnings may not be fantastic, but the stock price should rise.

We're getting close to an entry point, $50, for the long term. Don't buy it yet. Valuations are too rich without decent fundamentals.

An infrastructure darling. It's doing very well. A pro-cyclical that has done very well in the past. Unfortunately, there hasn't been much government infrastructure spending. Take some profits. Valuation is getting stretched.

Has owned it in the past. A tricky sector to enter now. Is suffering production cutbacks. The stock price may continue to improve, but he's not ready to bite.

Still likes it through earnings have been mixed overall. Tech's earning resilience surprises many investors at this stage of the cycle. He expects the tech sector's growth and earnings to hit double digits in 2020 and money to move back in these stocks.

2020 outlook It looks like we will avert the worst--a full-blown trade war between US and China. Neither wants to go into 2020 with very bad trade news. Trump has a lot to lose, because he wants to get re-elected in 2020. China doesn't want to roll the dice and face a Democratic president who may be tougher on trade.

No, the US and China won't strike a trade deal, but, yes, a truce of some sort. Investors are coming back in September, back to work. Everything today was working against the market. As long as trade uncertainty hangs over us, expect the fall to remain choppy. But overall, the market should be good until 2020. We're in the middle of Fed easing and rate cuts, which he expects to happen once or even twice by the end of the year. That'll keep the consumer and manufacturers alive. So, no recession soon, though it will happen down the line. The scary thing for him the growing amount of debt, not a recession. The street believes the Bank of Canada will do nothing tomorrow with interest rates. The economy is still strong and unemployment is still low. Like the US, our overnight rate is higher than the entire yield curve--and this can't sustain.

In a recession? Current prices are attractive, and recession fears are overdone. You can buy a little here, but don't back up the truck.

A better valuation than US Steel. He prefers it. The 7.64% dividend is very attractive in this space. For an RRSP, RUS pays good income.

Be careful in this space with concerns of a global recession and oversupply (Chinese demand is weakening). Long-term this isn't bad, but we are heading into a downturn.

He likes US healthcare, but there is political noise from America. He returned to this space in May, but through the Global Healthcare ETF, not CVS directly. He's playing US healthcare long-term, partially given aging demographics.

Worried about some investors shorting CTC. The credit card arm may worry some given high Canadan debt level. Also, CTC stock is expensive now. Canadian consumer confidence report today wasn't great. But shorting this is too aggressive.

It's a good play, but has its challenges. The valuation has improved. Doesn't hate it, but doesn't own it.

18.4x PE, so not badly overvalued, but he's not chasing it either. The price has run up. Uncertainty will creep into this stock. LMT is recession-proof, and geopolitics have in fact helped LMT. But he's reluctant to step in.

(A Top Pick May 29/19, Down 8%) He recently added to this. It's a five-year play on the gambling sector that's supposed to grow 20% a year. TSGI has positioned itself well, but investor appetizer is not there right now, hence the pullback in May.

(A Top Pick May 29/19, Up 4%) He prefers owning a basket of diversified, global healthcare stocks, not just Canada. XHC is hedged, so there's no currency risk. He owns it for these two reasons.

(A Top Pick May 29/19, Up 15%) He still likes it, but it's getting pricey so he may lighten up on it. Definitely want to own this going into a recession, more so than say Canadian Tire.

It's done very well this year. But as an interest-sensitive stock, they've all fed off a massive decline of bond yields. He will sell a bit of this. The dividend isn't high enough for him.

It's had a bad run. It's a value play. The car sector is showing cracks.

He likes it at current levels and would start to pick away at it. A good, long-term dividend play. It's not recession-proof; it's a discretionary consumer stock.

It's been plummeting. But they are addressing overcapacity issues, namely pulling back on a mill in Georgia. This may help the stock price.

Investors buy this for the yield. Valuations of interest-sensitive stocks like this are getting pressured now, so he wouldn't add to or buy this now.

It hasn't performed well lately; it'll bottom in the $20's. Likes it now, because they're positioned well in the bus sector. What's interesting is that they're branching away from diesel into electric buses--the future. They're ahead of the curve. It's not a large-cap stock, so don't throw a lot of money into it, but it's a good entry point now. (Analysts’ price target is $38.50)

More Americans own pets (68%) than have children (42%). It's a play for pet owners. It's a new ETF, and it spans pet pharmaceuticals, food and supplies.