President at Caldwell Securities
Member since: Oct '00 · 1131 Opinions
Confusing times. McDonald's is selling fewer Big Macs, but its shares are rising. Some tech stocks are doing really well, but are selling off. He doesn't know who will be the next great chip supplier of the next 10 years, so he prefers the companies that supply the megatechs.
It could bounce in this market. Their problem is much weaker same-stores sales in China, due to cheaper domestic chains (for the first time in China). Wait and see. If you love going to Starbucks, you know this better than an analyst, so yeah, buy it.
He owns both. Visa is more about dividend growth, but Mastercard is the preferred card in Europe. It's a dead heat. MA was ahead of its peers in tech by introducing fraud-prevention measures, but both consider themselves fintech companies. Bother could be under pressure if consumers spend less, but so earnings have been strong.
He owns both. Visa is more about dividend growth, but Mastercard is the preferred card in Europe. It's a dead heat. MA was ahead of its peers in tech by introducing fraud-prevention measures, but both consider themselves fintech companies. Bother could be under pressure if consumers spend less, but so earnings have been strong.
Not sure if there's a rotation into small caps from large. It's more like the large caps struggling, but will bounce back.
This decline is temporary, though could last longer if the US Fed announces it will hold rates now and in September (he believes they won't). CLS is a core position, so he will keep adding to it.
He's agnostic or skeptical about Bitcoin, and prefers investing (some) money into the companies that make Bitcoin possible in a responsible way
He should own this. This pullback is temporary. It could go sideways for a bit, but you could see a spike as early as today if we get positive news out of the Fed.
RY and CIBC are his favourite banks. Others never can topple RY. TD is facing legal troubles in the US. But all the Canadian banks were not doing well, but now bouncing, including TD. Their troubles aren't over.
The car business will have long-term trouble. None of his kids knows how to drive; they get around by Uber instead (good for the environment and finances). Most of the time, his car sits idle.
He doesn't own semis, but companies that supply them like this. Still likes this. He expects the semis to rebound, because we will see AI in phones. Semis have legs.
The big carmakers may be pulling back on their big plants. ESAB makes the robots for carmaking.
They make concrete and have a lock on the US South. It's an election play, building infrastructure (roads) and Americans need to spend on this. He sold it because it had a good run and this sector may not be as robust as he thought.
Canada is a good place to build a tech company, not to sustain it. Doesn't know why. SHOP has seen a sort of comeback lately. Brick and mortar will have a slow recovery, so SHOP's core e-business will continue to do well, but the initial excitement is over. But it's safe to hold onto it.
Politics is a terrible way to invest. Freehold will probably do well because of government environmental incentives and the ESG trend. Pembina will do better if the Republicans win in the US or the Tories in Canada. There will still be a need for pipelines; green energy won't do the trick.