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COMMENT

Helsinki Summit: Whatever effects on markets from this Putin-Trump meeting will diminish and won't last. Generally, politicians take credit for the direction of economies, but company earnings really drive markets. Earnings are the best we've seen in seven years with 20% YOY growth. All positive. The TSX is up only 2% YTD and he believes we can do better before the end of 2018. The Canadian market has long lagged the U.S. market. We are a late-cycle economy and are focussed on commodities. The current oil price drop is temporary.

Unknown
BUY

Likes it. Management has done a fine job transforming the company by introducing fresh food, the all-day breakfast, and now fresh burger meat. They are Doing well in mobile pay and introducing delivery. They are keeping current with the times. It isn't a cheap stock, but decent.

food services
BUY

He bought Disney on the news of the 20th Century Fox merger. They were making money from traditional broadcasting and ESPN, but were losing subscribers. The Fox merger counters that loss as Disney moves into the streaming business, and they could be competing with Netflix now.

entertainment services
COMMENT

They are trying to expand into other areas like salads. However, there are so many locations now that they could be cannabilizing each other. True, the company is doing really well, but is the stock doing very well? Look at valuation.
Starbucks is in the low/mid-$20s. That said, China loves Starbucks and there's big opportunity here for Starbucks. Research this.

food services
BUY

A good play on e-commerce, and FedEx is in a great position. They have a huge fleet of trucks and airplanes, and recently bought a Dutch company to move into European delivery. Well-managed. It trades at 15x, a reasonable multiple. An opportunity to participate in e-commerce as well as transportation.

Transportation
HOLD

It's traded off recently, which is a mystery to him. They're in construction of large projects, like airports. They trade at half-book, a low multiple. Stay with it and be patient. It'll return to the $20's soon.

REAL ESTATE
PAST TOP PICK

(Past Top Pick, August 17, 2017, Up 11%) A great industrial in aerospace and the home, but they're changing under a new CEO. Expect them to become an internet of things business.

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