Brendan Caldwell

In the morning, he looks at the Wall Street futures. Are people in a good or bad mood? The TSX and S&P are at highs now; the U.S. has been cutting rates so close to the election, which is odd. Inflation is probably here to stay, given sharp raises for longshoremen and pilots. He fears if Canada cuts rates faster than the US, the CAD can fall below 70 cents. Oil prices will spike if the Middle East situation continues to deterioriate. Will Iran's supply be cut off?

There could be a space for utilities in a portfolio, given high dividends above 5% as interest rates decline. They have exposure to Tampa which the hurricane didn't hit badly. EMA is a good income vehicle.

They have some interesting projects, like converting coal into natural gas (one in Alberta). Pay a 5% dividend. Are good for growth.

He wished he owned this. It's had a big move and is breaking out into new highs. A good momentum play.

Has mixed thoughts. It's his favourite Canadian bank stock. The market had expected a $3 billion fine, but the 10% plunge in share price the last two days is reacting to TD not allowed to grow its core banking business in the US. Wells Fargo was hit with a similar fine and those shares have done little for 5 years. TD will probably recover back to $87 over the next little while. It will bounce, but will underperform several years compared to Canadian peers.

Will benefit particularly from the rise of data centres which need a lot of cooling. Happy this has done well.

He cut it loose for losing momentum, moving sideways for much of the year. Considering the massive bid for 7-11, he won't be looking at this for a while.

Some of his colleagues like it. America is overly negative on China; America has always needed an enemy. The valuation is cheap compared to Amazon. If you're bullish China, BABA could be a buy.

They manage alternate assets, especially private credit. It will be interesting how this space, this kind of financing, will play it in coming years, but this will do fine in the short/medium term. He's holding on.

He sold it because the valuation got too large. They're in property & casualty insurance, and there have been a lot of disasters, like the pandemic or hurricanes.

They're transition from making the projects to consulting on engineering. This will see higher margins. He still likes it, because infrastructure building won't stop in the U.S.

Rank #4 in terms of bank assets here, but they lag in the US. Maybe BMO can grow now that TD is capped. It's expensive, but still likes it. However, wait for their next earnings; there could be a further correction.

Don't buy stocks according to who may or may not get elected. Also, the transition from fossil fuels to renewables will take a while. In general, if you're overweight a particular stock, then sell some and re-allocate. He expects the pipeline business to remain good, especially with lower interest rates.

Is trading at a fraction of a few years ago. If you know about gene technology, maybe buy this, but doesn't know a lot about this science or business.

The drilling business like the oil price has come under pressure. Short-term, exploration/drilling could be slower, while pipelines will continue to thrive. There needs to be a real, systemic increase in the oil price, otherwise PD will be rangebound.