Latest Stock Buy or Sell? Make More Informed Decisions!

This has been a great holding. Canada is unique in that we have a bunch of companies built in a structure to pay investors a regular cash flow stream, but at the same time tied to the global economy. This company gets a royalty stream on every pound of iron ore produced by Rio Tinto.

There are some structural challenges in wire line telecoms, which historically get tied to interest rates. We have seen the secular long-term low in interest rates in June 2016, and we are unlikely to revisit them. Expect that rates move higher from here. This is not the #1 company he would choose in the group. Prefers Telus (T-T).

This is really focused in private equity. He prefers to invest in companies that are in public securities. In 2000, when the stock market rolled over, investors slowly stopped investing in public markets and started making private equity investments because they weren't priced every day, and were not subject to the same kind of compliance and regulations that you were in public companies. In 2013, we began a new bull market in public market equities, so he would rather invest in companies that manage public market equities rather than private equities.

Energy has been a sloppy sector this year, and this has not been one of the stronger holdings. He doesn't like this as an investment. However, it is under pressure with tax loss selling. If he were going to do something with it, he would probably get through year end and see how it begins to trade at the beginning of the year. There will be some bottom fishing at the beginning of the year with people looking for things that were under pressure from tax loss selling. The energy sector can improve a little here. Longer-term, he would be a seller of this.

This is in the logistics business. It has been a very strong performer over the last few years, but has come under pressure over the last few weeks, but pulled right back into the 150-day moving average. Technically it is still okay. He likes the long-term theme. If it broke the 150-day moving average, he would be gone. In the near term, it provides a pretty good entry point.

He is very favourable on banks. He has been more focused in the US than in Europe, but money has been moving into the European market all year long. This was with the view that if the global economy is getting better, there is a little more leverage in the European markets. This bank is performing well. It broke out technically at $16. He believes we are in early stages of reflation around the world. This one is a great brand, and will participate.

(Market Call Minute.) This has struggled all year and broke down in the month of October. He would stay away from this.

(Market Call Minute.) This has been consolidating. It's in a very good theme. He would buy this stock.

(Market Call Minute.) The chart on this looks great and it is in the right theme. Capital spending will be the name of the game next year. This is one he would buy.

(Market Call Minute.) The media group has been very tricky and is one he would avoid right now.

(Market Call Minute.) This company is tying their wagon to artificial intelligence. The stock has come off its lows of August, and the jury is still out. He would be a "solid neutral" on this.

He wants to own things that benefit from corporate and business optimism. Feels capital spending will be a significant theme and industrials will play a part. This company has 2 main businesses, they rent equipment and machinery to industrial companies, and they rent construction equipment to non-residential construction companies. This is a prime beneficiary very of a stronger US economy. It has a relatively high tax rate, so they benefit from the tax plan. They also benefit from the theme that companies don't necessarily want to spend all the money on their equipment, they want to pay for it on an ongoing basis. (Analysts' price target is $160.)

This is a $70 billion regional bank. Next year, the CCAR limit will rise up to $200 billion, so this bank will not have to go through that very expensive process. Compliance costs for them are coming down if deregulation hits. This is a big beneficiary of lower tax rates. There is improved commercial lending going on in the US and they benefit from that. 90% of their loans our floating rate loans. Dividend yield of 1.4%. (Analysts' price target is $83.)

Retail and private investors are becoming more engaged with markets. There was $700 trillion in wealth created last year in the US. This company has about 10 million accounts, and are opening 100,000 accounts a month. 1% growth a month is not so bad. Their asset management and advisory business is growing very nicely. They have about $3 trillion in clients’ assets and hold a tremendous amount of cash. As rates go up, the margins they make is very, very good. Dividend yield of 0.6%. (Analysts' price target is $50.)

Market. We are into tax loss selling which will put pressure on the upside going forward. People are becoming very wary of valuation levels. Since 2008, we haven't had any really significant setback in the markets. The underlying geopolitical factors are still at work. There are tensions in Europe but have been most predominant since 2008 with the debts of Italy, Portugal, Spain, etc. That ultimately led to the BREXIT vote. There are also tensions in Asia. The US itself is a big unknown right now because of NAFTA, which has been of particular concern in Canada. Despite that, the market has continued pushing ahead. He is in higher levels of cash than he was a year ago. That's about the only thing a prudent investor can do at this time.