They have strong production growth. New technologies are lowering the cost of production. They will probably lower their cost of production over the next 5 years. A great play on growth in production.

Canadian banks are behaving better than any banks in the world and TD is the best in Canada. This one is very well set up. So long as they continue to generate the numbers, he would hesitate selling it, thinking it is hitting a peak. He prefers asset management companies but would hold this bank.

Thinks gold got sold out as a sector and had a good bounce over the few months. He looks at it as a not a long term shift. He would not focus on this group. Don’t add gold holdings but lighten them up.

(Top Pick Jul. 11/13, Up 27.78%) They raised their guidance going forward. Have an increasing opportunity to grow the business. He would focus more on biotech, but the whole sector has been performing well.

(Top Pick Jul. 11/13, Up 8.45%) He focused in the last while on parts. It is a big deal that Ford turned around Europe. This is a great business with 8-9% margins. No problem owning the stock. Consumers have more free cash flow than in over 10 years because interest rates have come down and inflation in food has come down. Financing is readily available.

(Top Pick Jul. 11/13, Up 20.25%) He continues to see secular growth with online retailing. 25% year over year revenue growth. You could own this as a proxy on online retail.

Energy infrastructure is in the middle of a very long revaluation vs. history. Because of the boom in production, they have had nice growth in cash and dividend. They will continue to grow it 8-10% a year. Lots of opportunities to grow. Will continue to expand in valuation.