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PAST TOP PICK
COMMENT
Dividend safe? The black cloud over the industry affects this company, everybody loves to hate it. Last quarter was OK. This quarter we'll see if they've hedged some of their sales. Doesn't believe oil will stay this low for long, we'll be back to $50-60, even $70. Dividend is OK, though he can't guarantee it, but the cash flow supports the dividend. Yield is above 9%.
oil
gas
BUY ON WEAKNESS
Sold off and has moved counter-market in the last little while. Has always liked the stock, a good solid stock to have in your portfolio. Very competent management, safe dividend, a sector that will grow with the country. Holds it as a cash flow generator. Adds to it when it's down in the cycle, or takes profits when it gets too big in the portfolio. A core holding.
telephone utilities
WAIT
Good entry point or wait? Stock used to be at the bottom of the heap, and then they did some very good things and has come back. No problem with the dividend, the quarter was an anomaly. You might want to wait before putting money in. He has great faith in the Canadian banks and how they operate worldwide. Yield is 4.9%.
banks
DON'T BUY
Looked at it, but the Canadian banks looked better. Get the BMO Canadian bank ETF instead. Be cautious about jumping into the US banking side. Canadian dollar could perk up and that would offset any advantage to being in the US. He'd rather stay in his own backyard that he knows. Canadian banks are superior in a lot of ways to virtually all the US banks.
E.T.F.'s
DON'T BUY
SELL
Neutral on gold these days. You invest when inflation rears its head as with some of these tariffs, but in the meantime, these stocks aren't going anywhere. Margins are being squeezed, and its debt has grown so that it's a cause for concern. Don't buy into commodity stocks right now, until we see global improvement, especially with China. Risk is too high. If you hold it, put your money somewhere else.
precious metals
TOP PICK
This bank has the skills to operate in growth areas like the Caribbean and Central America that are superior to most of North America. NAFTA is going to be positive for Mexico, where BNS is the second largest bank. Recently got out of problem areas in Caribbean. Expanded into South America, and management has lots of experience. Stock is extremely cheap, so it's the best buy right now. Yield is 4.7%. (Analysts’ price target is $82.54)
banks
TOP PICK
Picked it because the multiple is quite reasonable at a bit over 13x forward earnings. Investors got over-excited about cell phone sales. Huge cash flow, so they've got room to increase the dividend. They're in a growth sector that will continue to grow. A buy and hold stock. Yield is 1.6%. (Analysts’ price target is $226.71)
electrical
electronic
