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COMMENT
The U.S. Fed's announcement tomorrow He expects Powell to say he'll stay the course, meaning 2-3 interest rates increases coming, though it'll depend on economic data and if there's an economic slowdown. Also, keep an eye on U.S. housing starts, which are flat. The US Fed could pull back the reigns pretty quickly.
BUY
What happens when times go bad, when companies do less hiring? Maybe they do less executives hiring. Maybe KFY's acquisition of Hay Group reduces their cyclicality and makes them resist the next recession better. It's a v very good company in a space with few investable companies.
mngmnt
diversified
DON'T BUY
Pots stock are valueless. He believes in 2-5 years weed will be legal all across North America and will be mass-harvested, like oregano and thyme. It'll become an industrial commodity. Guys growing it in hazmat suits in greenhouses will look ridiculous soon. These companies don't produce, can't meet current demand. Run for the hills.
agriculture
PAST TOP PICK
(A Top Pick Oct 03/17, Down 2%) One of their strengths will be in Asia where there's a spike in Asian tourists. This is "experiential consumerism" where people value experiences over buying a house, particularly those under age 40. This kind of consumer spending is growing faster than the overall economy. This includes rock concerts and cruises in addition to travel.
department stores
COMMENT
He likes Magna, a terrific company with plants spread all across North America. Maybe it's down today, because Trump said today he'd closed the Mexican border which would put any car factory in Canada and the U.S. out of business within one day. An outrageous idea that'll never happen. Tariffs on European cars could happen. There are fewer passenger cars sold in North America, but a lot of trucks and SUVs are.
Automotive
