COMMENT

Wild volatility these days, so to stay focussed buy companies with good balance sheets and growing dividends--and now you get them on sale. As a general rule, the safest upside has been companies that make the components inside tech devices rather than the big tech companies themselves. FANG remains expensive despite the current pullback. There is a changing pyschology in the markets. Value stocks and telcos were popular post-recesssion. Today, it's growth. Trump is taking big swings, but is playhing Russian roulette with a trade war, which is dangerous. The voter base supporting Trump will now feel the pain of his tariffs and moves. There will be challenges to the Canadian housing market, and we'll definitely see the impact of rising interest rates.

COMMENT

Rising interest rates will benefit large banks. Their CEO changed through a disastrous period, but DB has since recovered. Caveat: big banks may raise their dividends slower than the smaller global banks.

COMMENT

Canadian banks have been wonderful places to invest, but after the recession many banks have cut senior staff and hired younger staff. Do they have enough seasoning? He's concerned. Banks are a good place to hide now, but there are even better opportunies elsewhere.

BUY

Suffering an 11-year low. Global investors put money in this. It has no effective debt. Safe dividend. A constant underperformer. Alibaba has attracted capital away from CHL. This is now cheap. Good balance sheet. Good long-term investment in an economy that continues to rise.

COMMENT

The premier outsourcing IT consulting company in the world. Strong balance sheet. Has had a fabulous run lately. Always liked this, but not its valuation, though it's okay to buy now and put away from several years.

BUY

Has four divisions. Aviation is doing great. Power is middling. GE Capital has been a problem for a long time. Plus, a their business in oil services us also weak. GE Capital will earn better with rising rates. Down the road, GE itself will rise. Buy today and hold it for the long run.

PAST TOP PICK

(A Top Pick May 5/17, Up 28%) Rising rates will push this higher. US banks were held back, to some degree, by overregulation. Buy a new position of this now or add to an existing position.

PAST TOP PICK

(A Top Pick May 5/17, Down 9%) Over 15 years it's been fabulous and wishes he had bought it sooner. Their acquisition of 21st Century Fox will be a great play. Valuation is not expensive at 14x forward earnings. Has a long history of dividend hikes. Buy this on sale and put it away for a long thaul.

BUY

It's a value tech stock. Carries a solid balance sheet with strong growth opportunities. This is a better place to hide than, say, Alibaba. During a downturn. MSFT won't go down as much. Has US$33 billion free cash flow.

COMMENT

Admit he's been critical of it and doesn't understand it as well as his colleagues. He defers to the research of others. This stock's performance has proven him wrong.

WATCH

Pre-Huawei and ZTE, Cisco was the pre-eminent company. Cisco will be cut off from China, due to Trump's China tariffs. This stock will fall away, though cooler heads will prevail between the US and China. Watch this. There could be an entry point later.

BUY

He once worked here. If there's a sell-off in EM, BNS may see some exposure. More importantly, rising interest rates are a worry, because Canadian consumers are levered to the gills. Also, how far will consumers accept high bank fees before pushing back? But this is fine, if you hold this for 3 or 4 years.

COMMENT

Well-run. He's never flown it. A better way to play this space is the airport segment.

TOP PICK

Advice to weather current volatility: Trump is being increasingly irrelevant. Eventually, he will take guidance. Don't pay attention to the noise coming from the White House or his Twitter account. The market fundamentals count.

COMMENT

Canadian dollar 6-month outlook: In the past year, the Canadian dollar has been difficult to manage for investors. We'll likely see an interest rate rise here. The U.S. dollar should weaken as ours rises against other currencies like the Euro. If you're going on vacation, wait till the rate rise is done.