Market Outlook The US Fed Chairman warned there should not be more rate cuts coming. This was a singular cut based on current trade events, he suggests. There is now $14 trillion in debt globally that has negative yields. US tenures have rebounded 2 percent on the 10 year yield. If oil prices rise over the next few months, this could lead to higher yields and cause the market to slow. The US dollar may increase, which could weaken gold prices. Unemployment is at 50 year lows. The concern is over European and other global markets lapping back to impact US sentiment. From a technical perspective, there looks to be another 18-20 months of good markets ahead. Low inflation will backstop low interest rates to fuel the growth.

He owns this. The payout ratio is about 30%, so the dividend appears safe. The company is expected to grow by 2%. Cash flow is negative at the moment. With the dividend, he would hold. Yield 4.37%

His largest holding. His target price is $2.20 to $3.00. Earnings are expected to increase sharply next year. A conference call is upcoming to discuss their most recent earnings. He thinks by the end of the year, the company will add a $15-$20 million project in the extraction of methane from landfills. Sales are expected to double next year. A great opportunity to continue to grow.

He owns this personally. It ranks #3 on his list of 700 stocks. Commodity prices are trading near new highs. They had a 22% earnings surprise. Things look good. Payout ratio is only 1% -- lots of room to grow the dividend. Yield 2.6%

The company creates devices to track devices real time, including geo-fencing. They do business in Canada and the US. It trades 16 PE. He sees great demand growth out the US yet to come.

A Top Pick of his son's. They use krill to give shrimp their pink colour. They are looking to combine this with a pharma drug to create synergies. If successful, the stock price analysts suggest it could go to $8 per share. They are doing FDA testing.

He does not own this. The earnings estimates are negative for the next year. However, if the sales growth is large enough going forward it may overcome this in the future. (Analysts’ price target is $36.71)

Involved in school buses. They did a deal tying them into the Philadelphia transit authority, which added 27,000 cameras to their fleet. The company's recent earnings have done well and the contract comes due in July (it is expected to be renewed). On the school bus side, cameras can be used to record vehicles that do not stop for flashing rights. There is great future potential here.

(A Top Pick Jul 24/18, Up 14%) They make automation processes to assist companies improve their production efficiency. Earnings continue to show good growth. Sales up 17%. PE of 20 times. ROE is reasonable. He no longer owns the stock.

(A Top Pick Jul 24/18, Up 28%) Freight volumes are strong. In Canada, there is the added opportunity to move oil by rail. Earnings estimates continue to grow as sales were up 15%. Free cash flow grew by 44%. He still owns it personally.

(A Top Pick Jul 24/18, Up 37%) The company has a new distribution centre that is helping the bottom line. They continue to hold it. He sees 15% growth in free cash flow. A good opportunity going forward.

He has owned them in the past, but not now. His stock selection method does not select it, because the coming earnings quarter is negative. He would wait until after the next earnings in September. Earnings are up 8%. Payout ratio is only 21%. PE is relatively high at 23 times, but is in line with growth. A good long term hold. Yield 1.3%

He does not own it currently. They acquire royalties from other companies to distribute. Payout ratio is over 137% of cash flow, which is unsustainable in his mind. Earnings growth is expected at 15% this year and 20% next year. He still thinks it will be challenged to keep the dividend. Yield 7.7%

He does not own this bio-tech company. He just does not follow it enough currently to comment. Management has changed so he hopes it will improve things.