The home building and material sector has gone through a correction over the past few months. He believes the bull cycle will resume and thinks this could be starting now. He just doesn’t think this is one of the leaders in the group. He would like to see a move back above $145 before he would get excited. He would favour Home Depot instead.

This is one of his largest positions in their portfolio. He believes in active investment management, however, the world of ETFs is a juggernaut. This company makes custom indices for its clients. This success is likely to continue. He would buy it here.

Reflationary assets are benefitting and basic materials are part of this group. The chart looks like it is consolidating and he thinks there is another lift coming soon.

Semi-conductors are seeing a buying signal lately. He thinks tech will continue to be a leader in this inflationary area and likes the earning growth of this company. This is one of the companies than controls market share in the space.

This stock has been coloured by the pullback in the transports sector. However, the group is still making higher lows. I would prefer XPO-N that sells its technology to all sorts of transport companies. He would like to see more upside on price before jumping back in.

There is great long term growth in the defense sector. The recent trade discussions caused a pullback in the sector early this year, but is now recovering. This is a great time to be a buyer.

What will Apple do with their cash holdings? They will either grow the dividend, buy back shares, or they will continue on acquisitions and R&D. They will not likely do only one, but a combination of all three. A great stock to hold long term.