Today, Cameron Hurst and Mario Mainelli, CFA commented about whether TCN-T, ABC-N, DLPH-N, CHR-T, AAPL-Q, DLPH-N, MNW-T, AFN-T, BYD-T, TCL.A-T, CNR-T, TOY-T, BCE-T, GUD-T, PKI-T, AXL-N, BNS-T, NA-T, AMZN-Q, LULU-Q, DIS-N, GIB.A-T, GOOS-T, SHOP-T, TSLA-Q, MSFT-Q, MCD-N, RTX-N, UNH-N, XLU-N, MSFT-Q, IHI-N, CME-Q, K-N, JNPR-N, AAPL-Q, FDC-N, C-N, CVS-N, CELG-Q, T-N, RUS-T, MU-Q, LYV-N, SLF-T, MDT-N are stocks to buy or sell.
(A Top Pick June 13/17 Up 29%) He sees no reason to move away from this holding. It is a consistent performer and will continue to do well. The independant gorilla in the Medicare and Medicaid space in the US. Did have a little bit of a pullback and consolidation. A very positive story and good momentum based on last quarter earnings.
Strong earnings from the SYP 500 and a strong economy bode well, but on the flipside are rising rates and expectations of inflation. This bull market is still going, but when does it end? Oil is holding above $70 a barrel and helps the Canadian market, but NAFTA uncertainty, mortgate rules and household debt are concerns. Add to this the Vancouver and Toronto housing bubbles. Higher volatility is actually good for stockpickers--opportunities. Watch the yield curve. There's no consensus about when a recession will happen.
Think of this as the down the middle pick – good technical momentum with a beta of 1 of high quality holdings. Its revenues growth should be good in the second half of the year backed by good demographics and growth in China.