Today, 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 are stocks to buy or sell.
(Past Top Pick on Feb. 15, 2018, Up 29%) An acquisition last year accelerated their move into the Cloud which is higher growth. The market didn't appreciate this move until MNW announced a few solid quarters. Then it was announced a private equity company would acquire MNW. Currently, they're in a period where MNW can field other offers. He still holds it.
They have a massive amount of cash, repatriating a lot of it, and are doing a huge share buyback. They project strong growth in their services segment. Caveat: iPhones are still over 60% of what they make--how sustainable is this? Overall, you can do a lot worse than Apple. They've executed very well this past qurater. It won't hurt to own Apple.
It hasn't done well this year. A low-growth, low-multiple, high-dividend stock. They operate Jazz Airlines and recently lease regional planes--there's potential growth here. An overhang is whether Air Canada will cut Chorus out of its Jazz operations but that's locked into 2025. He thinks this is unlikely.