Are U.S. interest rate hikes not good for U.S. banks, because banks like JP Morgan are recently down? Generally, rate hikes are good. But the yield curve is now flattening. Short-term rates are rising, but long-term less so, so this works against the banks. Instead long rates need to rise higher than the short ones. Also, expectations over bank reports have been too night, and loan growth has been dismal.
They trade at low valuations and offer future growth. They make satellites, then bought DigitalGlobe to create pictures from space that many industries like agriculture to maps use. Trade at 8-9 forward earnings. Cash generation. They will eventually pay down their debt. (Analysts' price target $79.91)
What would you buy in the forest sector? He has little exposure here. Lumber stocks were hurt with American trade talk, though they benefit nicely from a lower Canadian dollar--and he thinks the CAD will decrease more. Buy IFP-T.