Second largest e-retailer behind Amazon. Online shopping has accelerated with Covid, and we're not going back. Very bright future. Expensive, but the stakes are big. Consolidating since June, and not far from breaking out to new highs. He'd buy here.

Financials have been slower to recover, only gaining strength in September-October. Still have a long way to go. If you believe we had a generational low in long-term interest rates, and we're just entering a reflationary cycle, insurance companies benefit as assets go up in price. Higher rates are really good. Also interesting are KRE and KBE. Most interesting is IAI, making new highs. As a group, financials have underperformed since 2007, so they should now have a tailwind in this environment.

Financials have been slower to recover, only gaining strength in September-October. Still have a long way to go. If you believe we had a generational low in long-term interest rates, and we're just entering a reflationary cycle, insurance companies benefit as assets go up in price. Higher rates are really good. Also interesting are KIE and KBE. Most interesting is IAI, making new highs. As a group, financials have underperformed since 2007, so they should now have a tailwind in this environment.

Financials have been slower to recover, only gaining strength in September-October. Still have a long way to go. If you believe we had a generational low in long-term interest rates, and we're just entering a reflationary cycle, insurance companies benefit as assets go up in price. Higher rates are really good. Also interesting are KIE, KRE and KBE. Most interesting is IAI, making new highs. As a group, financials have underperformed since 2007, so they should now have a tailwind in this environment.

Financials have been slower to recover, only gaining strength in September-October. Still have a long way to go. If you believe we had a generational low in long-term interest rates, and we're just entering a reflationary cycle, insurance companies benefit as assets go up in price. Higher rates are really good. Also interesting are KRE and KIE. Most interesting is IAI, making new highs. As a group, financials have underperformed since 2007, so they should now have a tailwind in this environment.

SOXX vs. XSD You don't need to own every industry, you want to own those that are going through some sort of structural change for the better. Semis are the building blocks of today's economy. Secular tailwind. Tech will continue to perform well, but you want to own things more tied to the business cycle. Semis have had a giant move. You can get sharp pullbacks. His favourite place to be in technology. He also owns XSD, more equally weighted. For example, Intel is challenged, but it forms a big piece of SOXX. For that reason, XSD is more attractive.

You don't need to own every industry, you want to own those that are going through some sort of structural change for the better. Semis are the building blocks of today's economy. Secular tailwind. Tech will continue to perform well, but you want to own things more tied to the business cycle. Semis have had a giant move. You can get sharp pullbacks. His favourite place to be in technology. He also owns XSD, more equally weighted. For example, Intel is challenged, but it forms a big piece of SOXX. For that reason, XSD is more attractive.

Financials as a group will have a tailwind. Good global footprint. Worthwhile place to look. He'd be a buyer. Manulife is also attractive.

Financials as a group will have a tailwind. This one's attractive. Worthwhile place to look. He'd be a buyer of Sun Life, which he owns.

UPS vs. FDX If you believe we're headed into a new economic cycle, transportation is a great place to be. UPS and FDX are the most obvious beneficiaries of the move to online shopping and logistics. Can certainly pull back. Both good, but he prefers UPS, as business model is more unified. Strong operating base. Fedex was cobbled together, operational issues.

FDX vs. UPS If you believe we're headed into a new economic cycle, transportation is a great place to be. UPS and FDX are the most obvious beneficiaries of the move to online shopping and logistics. Can certainly pull back. Both good, but he prefers UPS, as business model is more unified. Strong operating base. Fedex was cobbled together, operational issues.

GM vs. F Every company is going to have to disrupt to be in EV. Won't be easy, as Tesla is out front and will be hard to challenge. Uptick in demand for vehicles, so they should participate in the recovery. Both are inexpensive. He'd choose GM.

F vs. GM Every company is going to have to disrupt to be in EV. Won't be easy, as Tesla is out front and will be hard to challenge. Uptick in demand for vehicles, so they should participate in the recovery. Both are inexpensive. He'd choose GM.

Still likes the metals. Several year cycle ahead of us. Leader in the group. They have the second largest copper mine in the world, and there will be a deficit in copper supply, with prices going higher. Also look at Rio Tinto for iron ore and BHP. No dividend. (Analysts’ price target is $22.36)

90% market share in Canada for domestic air cargo. Air Canada wants to move in, but this will be a challenge. Stock's pulled back because of this concern. He's big on logistics companies, and this is one way to play. Amazon's a pretty good business partner, and he'd like to be attached to them. Yield is 0.44%. (Analysts’ price target is $281.27)