You are banking on growth in the oil sands, he thinks. There is a risk of contraction and so the ability to see growth in multiplies is decline. Pipelines are seen as a bond proxy, since bond prices are viewed as low, so too is this segment being impacted by bearish sentiment. He would not own this.

This is China’s largest online marketplace. It is very similar to Amazon and is very dominate – growing at 60-70% year over year. He likes the backdrop of Chinese equities, but there is risk when dealing in China. He sees the vast market size of this market as attractive. It plays a part in a portfolio strategy.

He thinks this company is benefiting from grinding along with growth in every quarter. Over the last year, it has done better than 50% of the stocks – in the middle of the pack and not improving. You need to trade up into something that is working. You should move on.

He is not a fan of this sector as the value of commercial real estate and infrastructure assets is looking more like a bond. The sector could be hurt with higher interest rates. This company recently took it on the chin (he could not recall exactly why). This company is technically broken and the sector is at risk. He would move on.

With the steel and aluminum tariff possible is this at risk? He thinks the auto sector has already been facing headwinds lately. This company is cheap relative to the peer group and it is growing faster. If you own it, it is on the long term moving average. If it can hold at these levels, you should continue to hold it. He thinks it needs to hold $51 US.

When interest rates are rising, you want a company with a growing dividend and this one has it – although it is not growing rapidly. The dividend has been growing at about 6% per year. The share price has been falling and he does not see the power sector improving. If you own it for the dividend, it is safe. You could be passing up on better opportunities.

This is an alternative asset manager. Their exit strategy is to sell these alternative assets to the market. When the market has a correction, it raises concern about their exit strategy. As this was a short-term market correction, this company should benefit from a recovery. It has out-performed over 85% of the S&P500 stocks over the past 12 months. He would buy it right here. It is only 9-10 times earnings and they will have opportunities to monetize its assets.