Today, Brooke Thackray and Cole Kachur commented about whether ITA-N, ZUB-T, BCE-T, VET-T, BMO-T, ALA-T, L-T, NFI-T, SHOP-T, STZ-N, TECK.B-T, EIF-T, RECP-T, PPL-T, RY-T, CP-T, CNR-T, POW-T, TRP-T, OSB-T, WJA-T, UPS-N, XRT-N, FHD-T, WEF-T, CLR-T, INTC-Q, T-N, CP-T, NWL-N, HIVE-X, IEF-Q, FTS-T, IAU-N, ITP-T, BTE-T, TECK.B-T, RTX-N, CAE-T, BCE-T, SU-T, V-N, WJA-T are stocks to buy or sell.
Market. Not uncommon this late in the cycle to see this type of volatility. Gives investors an opportunity to buy some of the stocks that were hit hard. Seeing a shift from tech into utilities and more defensive names. He doesn’t see a case for recession until 2020. He is long on equities, probably more in growth and cyclical. TSX is down 8% year to date. We have lost a little competitiveness. There are still a lot of good companies in Canada whether it is financials or utilities. Was probably a good year to hold more cash. If you are a long term investment, it is just a blip on what should be a longer term up.
He likes this but prefers Enbridge or Pembina. It is almost like a utility. You are getting a decent dividend and should see some capital appreciation. Big question is what does the future hold. Difficult to get approvals on projects. He expects oil differentials to more normalize. This is a decent name.