Getting shy with all utilities. First time in many years he's been cautious in this sector, because interest hikes are finally coming. So, ALA's debt service could go up. No to Altagas for now, though maybe buy later.

It's as good as any airline. Good 11% return on invested capital. Now's a good time to buy airlines, despite abysmal longer-time history.

Alibaba (BABA-N) or Amazon (AMZN-Q)? You can buy both and he would. Don't use multiples to under valuations, but rather look at invested capital. Estimates 15-20% return on invested capital for Amazon. Alibaba is equal if not slightly better than Amazon. 18% ROIC. Loves both, but would slightly prefer Alibaba.

Alibaba (BABA-N) or Amazon (AMZN-Q)? You can buy both and he would. Don't use multiples to under valuations, but rather look at invested capital. Estimates 15-20% return on invested capital for Amazon. Alibaba is equal if not slightly better than Amazon. 18% ROIC. Loves both, but would slightly prefer Alibaba.

Always a good company. Used to earn 8% ROIC then rose to 14%, but now CCL is a little rich. Happy CCL has improved their business in recent years. Would wait for a pullback.

(A Top Pick March 13/17. Up 1%.) Mini pullback in past three months, but still fantastic. ROIC is 20%+. Valuation has improved. Hasn't heard of price war among U.S. fast food chains, but unconcerned.

(A Top Pick March 13/17. Up 9%.) An absolute gem, but is cautious with utilities including AQN at least for now. You can hold it for five years and forget about it. If you're a trader, now's a good time to get out, because of overall situation with utilities, rising interest rates and servicing their debt.