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WEAK BUY

(Market Call Minute) If you have to be in gold it is probably your best buy.

precious metals
TOP PICK

Profitability scenario looks good to him. Cheap compared to Canadian banks. Almost all retail banking now. Almost 65% outside of US now. Very high tier one capital. With repeated good quarters the multiple should go up.

banks
TOP PICK

Trading at low multiple. MCCSR is very robust right now. Will be a $25-$26 stock with the global economy doing so well right now.

insurance
TOP PICK

Has been depressed for a couple of years but now you have a strategy going for you. Inexpensive valuation. Canada has been seen globally as an opportunity.

oil / gas
N/A

Markets. No one thought it would be this good of a year in the US. The economic power house of China, Brazil, and India are actually down. We are at the lowest number of stock market bears since 1987. It has mostly been P/E expansion. Usually you get another good year after a blowout year. He sees mid to high single digest next year and Canada plays catch up.

Unknown
N/A

Is an ADR for a European company a European stock or a US stock for geopolitical risk, etc.? He says it is definitively a European stock. The underlying company is still generating earnings in their own currency. To be an ADR, however, it must meet accounting and audit requirements of the US.

Unknown
BUY

Caller asked for a recommendation for European Telecom. VOD is his favourite and he may own it any time now.

Telecommunications