Market. Getting out of Bombardier: He has been one of the major sellers. He uses stops on every position. If it doesn’t work out then he is gone. This is a position he cut back some time ago. It was a big position for him. In the end he looked deeply at fundaments and price was not doing what he thought it should do and it was ultimately the stop loss that took him out. If a stock gets hurt in a bull market then there are other things to do. Don't try to pick bottoms. There are an army of unhappy shareholders that just want to get their money back out of the stock. Many markets, unlike the S&P are only just breaking out of multi-year sideways choppy markets. France Switzerland, Taiwan, Japan, for example. More and more markets are joining the rally. He would fully expect a 2-5% correction over the next few weeks. The risk/reward is in equities.

He likes software. Technology as a sector is a theme he will continue to like. IGV is an ETF you can buy to get a basket. He would like LRCX-N this time of year. These are more economically sensitive than others.

In many ways MSFT-Q is in fact the QQQ-Q index. If you had to pick 5 stocks, this would probably be one of them. He thinks cloud will grow between 20-30% for the next 5 years. Despite a pull back in the markets at any time, this one should perform fairly well this year.

CP-T vs. CNR-T. CP-T was at $220 in 2014 and broke out from there last year. It consolidated for 5 years. This is a great way to participate in economic growth.

CP-T vs. CNR-T. CP-T was at $220 in 2014 and broke out from there last year. It consolidated for 5 years. This is a great way to participate in economic growth.

Energy continues to be challenged. Unless you have the very best assets, there continues to be risk. Blackrock, for example, is forsaking energy in their investing. CVE-T has been trying to base out here. The energy sector needs to do more work. If he had to pick one name he would probably buy CNQ-T. It has been outperforming the S&P lately.

It has had a great move since June. It is going to run into resistance in the high $70 range. He thinks you should focus on companies that get a boost from a stronger economy. We have come off a mid-cycle slow down. Earnings growth at CVS-N is in the single digits but less likely to get a boost from a stronger economy. He thinks it will under-perform the general market over the next year.

It has benefited from the secular multiyear theme in moving transactions to digital. They are the giant among the key gatekeepers. They will continue to grow rapidly. It has global exposure and all the major new technologies link into it.

It under-performed last year. It has a wonderful portfolio of assets. It should perform well in a strengthening economy. He would be a buyer here. They are able to make great purchases when the opportunities arise.

It has been hitting record highs. It is among their top 5 holdings They upgraded their fleet. Their purchase of Aeroplan will be very accretive. There is room for them to grow nicely.

The index providers and bond rating companies have a whim in what is going on in China. A lot of new debt being issued is from China. As long as we have companies issuing new paper there will be demand for these companies.

(A Top Pick Feb 07/19, Up 16%) He has really liked the apartment REITs because rents have been growing very nicely. The distributions are going up and you get a nice yield. There is a tone of money crowded into companies with high dividends but little dividend growth. Canada needs more rental housing.

(A Top Pick Feb 07/19, Up 48%) They are growing earnings at about 20% last year and next. The dividend has grown 20% per year over the last 5 years. These are the kind of companies to own in this kind of environment. He would own V-N and MA-N both.

(A Top Pick Feb 07/19, Up 35%) He sold last summer because there was too much volatility. It trades at 100 times earnings. It is a great business but had a bit of a pull back over the summer. He has stop losses on all his holdings. It is a great company but he had to come out in the summer on the pull back.

They all went through a correction in 2018 and several got cut in half. The group seems to have taken a turn. He would tend to pick Electronic Arts.