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Markets. Expecting equity markets to be flat over the summer. A lot of people like to go to the cottage for the summer, but also there is still a lot of uncertainty. He is looking forward to quite a strong fall. Expects a quarter of a point rate hike by the Fed in September and that will be it. Looking for strong US earnings growth in the fall, driven by the consumer along with continued strength in the employment numbers. On the Canadian side he expects to see the oil price continuing to recover. That will give a little more confidence and will continue raising the Cdn$.

Thinks the trends are positive for this company. Expect they will be up to generate better rates. Doing a very good job of managing some growth. Has a strong dividend.

Have transformed their business from a successful firm that printed cheques to a firm that does back-office Information Technology for the financial sector. Have done a series of acquisitions and have had terrific growth. Has had a big, big run, so considers it a Hold at this time. With the growth in the US, a lot of banks will want to modernize their back-office IT. He would recommend the dividend reinvestment on it.

Canadian banks. It is really hard to go wrong buying Canadian banks. His top pick at the moment would be the Royal (RY-T) with Toronto Dominion (TD-T) close behind it. The Bank of Nova Scotia (BNS-T) have a lot of investments in Mexico, which looks to have good industrial growth, but also some real turbulence in some of their politics and in the drug wars.

Likes this. Doing a 3 for 2 stock split today. Has come off a little, but is nothing to be worried about. Any time a company is raising money, there are some arbitrators that will go Short. This is a very strong company with some very good businesses.

He doesn’t and hasn’t owned gold companies. Doesn’t understand the gold market well enough. Among the different companies, he has a lot of respect for this one.

This is his largest energy holding. The CEO is one of the strongest entrepreneurs in the energy patch. A lot of the assets they have include a lot of production in Saskatchewan, which hasn’t had a change in government. Also, in Utah and North Dakota. This is a very good company to be in. The dividend is sustainable.

(A Top Pick May 14/14. Down 15.04%.) Has held up quite well. He is in it for the long haul. Has a good dividend. This is a good opportunity to accumulate.

(A Top Pick May 14/14. Up 36.44%.) They have 2000 Marvel characters they are putting on the big screen. Their Avengers II movie opened last night in China, and did $32 million in one day. The Chinese market has exploded which is going to be very good for Disney. Their parks, with gasoline at a lower price, are getting a lot of business. An extraordinarily well-run company.

(A Top Pick May 14/14. Up 9.34%.) They continue to do very well and it has been a good ride. They tend to buy businesses, fix them and then sell them.

Telecos? The only telco he owns is Verizon Communications (VZ-N). Canadian telcos are great companies, but there is an oligopoly, there are high prices and you have a government that he thinks is determined to knock down rates one way or another. Thinks there is some peril between now and the Federal election, to give a better break to consumers in the cell phone and cable world. Wait until after the general election.

This is a good business and the royalty structure is a good structure. This is sort of a beneficial thing to put in something that doesn’t attract full taxation. These are good retail holdings.

Potash turns on pricing in China and India, and he thinks the stock is off because the contracts weren’t priced where the market was hoping. It’s a complicated equation. There have been some new producers who have entered. Not a bad entry point if you want to get in for the long haul.

Has trimmed some of his holdings. Did a relative look at several of the pipeline companies, and this one came out the weakest of the group. That doesn’t mean it is a bad thing to own. He doesn’t know what the growth prospects are. The change of the Government of Alberta is a “wait and see”, because the market tends to overreact when you get a change of government.

When you have a strong economy, the rails are a place to be. He expects there is going to be a lot more oil moving by rail as the new Alberta Premier is not a fan of pipelines. If you have a long-term view, he would stay with the rails.