He likes it even more now that it has slid down. The European banks are where the American banks were in 2009. Rates will be at their back, they will be consolidated and will have sectors they want to be in and so they will do well. (Analysts’ target: $13.13).

They provide a low cost avenue to get to the cloud for people who are programming. They have had a big short position on them. They lost Uber last quarter and revenue is still up 60%. They will be profitable within a year. (Analysts’ target: $38.00).

The demographics are powerful for this one. They had solid earnings, have a solid balance sheet and pay out a good dividend that increases. It is hard for AMZN-Q to get into this except in things like small appliances. (Analysts’ target: $175.00).

He bought ING-N because they have the banking side with it. AEG-N is a good competitor. He is not negative about AEG-N, but found more positive things in ING-N.

He does not own any of the REITs. He backed away because of rising interest rates. He worries about commercial REITs in light of what AMZN-Q is doing. BEI.UN-T is in Calgary and he thinks that area will lift again.

They had a poor summer for movies. If you have a long enough view, then the management team is excellent and you could hold onto it. He is not in this sector right now.

It has been a laggard for a cycle or so (30 years). They just had a better quarter. This one might go up more than the others. He thinks there is no reason not to own this one.