PAST TOP PICK
(A Top Pick Dec 07/17, Down 8%) Got out in June as tensions with China started to increase. 1/3 of this ETF is in China. Some of the EM now looks cheap. But he prefers to wait to see where it is going.
WAIT
Consider accounting issues with Chinese companies in relation to investing in this name - It has come down quite a bit. At 19 times earnings with 20% growth rate looks good. Still would wait until sentiment turns. Very volatile.
BUY
Great long term name to own. Global spending continues to grow because global growth continues. It is on sale.
COMMENT
Clarifications: growth ETF because of the asset allocation (80% equities / 20% Fixed Income) not because it is invested in Growth oriented companies. Paying a fairly inexpensive MER. One stop shop kind of product
WATCH
Moving well nicely. Had some positive results consolidating some of the stores they have. Valuation has come down trading at 25 times earnings with 15% growth rate. They are trying to personalize what thy are ding with apps. They had own it but sold it. It is on his radar now.
WAIT
Falls into the on-line commerce in China. If tensions with the US ease, it would be a good opportunity. They had some issues with one of its executives that could be hurting the stock. (Analysts’ price target is $28.10)
HOLD
Industrials don't tend to do well when people are worry about a recession. They are going through a break up now that tends to be positive for stocks as enhances shareholder value. December is usually good for the high beta cyclical names.
COMMENT
He is watching it now. Many of the REITs in Canada are staring to perform. Yields moving up are less of a concern now. Dividend should increase over time. He still prefers the staples and health care names.
RISKY
Interesting company. High beta name. He likes the name here. He would buy it for a trade more than anything because he likes the other type of payment companies better. He would watch it fairly close if bought it for a longer period.
TOP PICK
Global secular trend over the next 10 - 20 years. Use of digital currency and electronic payments will continue to expand. The growth in E-commerce is undeniable. Last Tuesday they announced a $6 billion share buy back and boosted the dividend by 32%. Forward P/E is 27 with 29% growth. Good growth company. (Analysts’ price target is $233.14)
TOP PICK
A defensive name. Revenues at $52 billion per year. ROE is going higher. Dividend yield is 3.0% and P/E is 15. Strong pipeline. (Analysts’ price target is $45.09)
TOP PICK
Expense ratio is 13 basis points. This is a defensive space. Basket of consumer staples. Late in the cycle, you still need tooth paste, you still need the toilet paper, your groceries. Low beta. He is 17-18% in the defensive space but that is climbing.