This is a regional US bank. The space has been on the bubble with concerns of rate increases on 10 year bonds breaking above 3%. He would continue to hold and sees a good future.

He does not own any auto stocks. He says this has held up better than other competitors, like Linamar (LNR-T). He thinks it is because of its international diversity. It is a hold right now, due to the recent tariff rhetoric.

He has nothing against “sin” stocks. However, he sees the industry in its infancy and does not know what the future margins and earnings will be. The current valuations are too risky. Some players will survive, but would recommend waiting to see how things settle. The easy money has been made.

He does not presently hold any REITs today. It is consumer retail sales oriented and is interest rate sensitive. He is leery of both of these fundamental drivers.

He does not presently hold any REITs today. It is consumer retail sales orientated and is interest rate sensitive. He is leery of both of these fundamental drivers.

This is the only Canadian bank they own. This is the most international bank in Canada, with more assets being owned outside of the country. These assets are not in the US. It has been hitting recent lows. When it sold its CI holdings, getting out of mutual funds, they have been buying a large asset manager and a private client business focusing on physician investors. The problem is the market feels they may have overpaid for these investments. Yield 4.4%. (Analysts’ price target is $86.40)

Based on the merger of Potash Corp and Agrium. This is a commodity that he feels has upside potential – both potash and fertilizers. Earnings estimates on the street, he feels, are underestimating the potential. Yield 3%. (Analysts’ price target is $74.90)