The TSX has been on a run lately. There's a lot more to come. The recent run-up is largely due to the rise in oil prices. XEG has another 8% upside. A slow-down in production by Venezuela is one reason. He's buying more oil. He guesses 15-20% more room to run in oil stocks. These companies will buy back stocks, pay down debt and/or raise dividends. Rising oil and gas prices will hit Canadian consumers, of course. Rising interest rates and new laws constraining real estate will dampen real estate. But overall he sees at least another good year for the stock market.
They make devices that measure the temperatures of the leading semi-conductor chips. The market concern is that they are providing to a cyclical industry--but there's clear sailing for the next two years in this space. PHO boasts a very high ROE. Trading at 22x earnings. Expects 30% growth this year.
Part of the recent sharp run-up was the ephouria for blockchain earlier this year. They offer shared storage inside and outside the firewall of a company, and can invole the Cloud. Now, they're moving to blockchain which is even more secure. They have a contract with National Bank which will help lift this stock.