Today, Keith Richards and Andrew Pyle commented about whether RY-T, BCE-T, FTS-T, RDS.A-N, ATRL-T, C-N, DOL-T, RUS-T, TRP-T, SJR.B-T, EMA-T, NTR-T, CRM-N, DIS-N, ENB-T, CJR.B-T, TSLA-Q, HBC-T, QCOM-Q, WMT-N, BB-T, XLP-N, BAM.A-T, CASH, BDX-N, FFH-T, LB-T, GWO-T, SWK-N, TD-T, HCLP-N, GE-N, RCI.B-T, PD-T, YRI-T, S-T, BRE-T, TECK.B-T, PZA-T, CAE-T, MFC-T, QQQ-Q, LYV-N, MG-T, FRII-T, IPL-T, PPL-T are stocks to buy or sell.
We're not in a frothy market as in January when investors piled on the bandwagon. We're currently not in a euphoric state. We have a bit of room to go, but we are getting stretched. We have at least a year before we get really worried, assuming we don't see a lot more rate hikes. We should we fine going into the second half of 2018, but we're beyond 9 years in this rally. Next year would mark a record stretch for a rally. US equities are still bullish, especially tech. Canadian has some catching up to do. He sees value in Europe and Japan. In Canada, don't look at sectors, but pick individual stocks. That said, energy has done well, like Suncor, though oil this week is in retreat--maybe rotate out of that. Telcos aren't faring well either. In spaces like healthcare, be selective.
To him this looks like it could be setting up for a positive move. Recent highs and lows are progressing. I recently broke through a significant high and could be nearing a good buy. He would rank it 7 out of 10. He would leg into it cautiously.