Brianne Gardner

She's been saying that we've been in a recession for a while with layoffs increasing. As for the economy though, banks are continuing to show resilience even with mortgage renewal and interest rates where they are. Their balance sheets have been able to withstand all that.

Materials and technology have quietly supported the TSX. Pullback in energy will definitely have an impact on the outlook for the stock market. In case we see additional weak data out of Canada, she's tilted her portfolios toward the US and international.

There are strong businesses in Canada, but you have to be selective. She's optimistic for the next 18-24 months, and there are opportunities. Focus on quality businesses with durable earnings and longer-term themes.

Still one of the highest-quality businesses in the world. Wide range of opportunities despite the runup. Cloud has been doing extremely well. Reasonable valuation. 9/10 on fundamentals. Regulatory scrutiny a potential risk. Massive user base, proprietary data.

With little US or international exposure, heavily tilted toward Canadian consumers and residential mortgages, which is a risk in a potential recession.

Consensus is that it's overvalued by ~5%. She'd take some profits.

Consider directing proceeds into materials, consumer staples or some selective technology names.

She's not a gold bug. If there's money to make, she's in. Otherwise, she'll find something else.

Still likes it right now. She owns ABX, WPM, and some ETFs. No longer just an inflationary story, as central banks continue to buy. Still works as a diversifier and as portfolio insurance. Tends to benefit when uncertainty rises, and she expects a lot of that for at least the next 6-8 months.

Still likes gold right now.

She owns ABX, WPM, and some ETFs. No longer just an inflationary story, as central banks continue to buy. Still works as a diversifier and as portfolio insurance. Tends to benefit when uncertainty rises, and she expects a lot of that for at least the next 6-8 months.

Still likes gold right now.

She owns ABX, WPM, and some ETFs. No longer just an inflationary story, as central banks continue to buy. Still works as a diversifier and as portfolio insurance. Tends to benefit when uncertainty rises, and she expects a lot of that for at least the next 6-8 months.

Enormous amounts required by AI, data centres, electrification, and power grids. Supply struggling to keep up. Gives you exposure to long-term economic and technology growth.

Critical foundation of flexible, stable, and reliable power. Great run, more to go. Upside of 22% from here. Be patient right now. Don't be greedy, take profits along the way.

A way to invest in Canada's infrastructure buildout. Large projects that people use every day. Revenue grew 18% last quarter, backlog reached record $10.9B. Construction's still a tough business with thin margins right now.

Be cautious in the short term. Hold, and see if it's heading up or down.

She prefers higher margins and more predictable earnings.

Now starting to take off. Transformed from phone maker to software company. Embedded auto software plus cybersecurity. Auto software is the story -- revenue grew, margins improved, stronger cashflow, good backlog, guidance higher than expected.

Is it a pure momentum name? Blown through all its targets. Might see a healthy pullback. Definitely take some profits. For the long term, core business model has changed. On her watchlist.

Quite a bit of volatility, watching closely. Latest quarter's revenue was ahead of expectations, though bookings have softened. Missed earnings because of the mix and timing, not due to demand collapse.

Sacrificing short-term growth to focus on higher-quality businesses. Sees price target of ~$50.

Still likes it. Attractive margins, continuing to diversify its portfolio. Sees 3-5% upside from here, but thinks analysts' targets will readjust as momentum builds.