Today, David Driscoll and Michael Simpson, CFA commented about whether BNS-T, FTS-T, BDX-N, MFC-T, WEF-T, AMAT-Q, NFI-T, OSB-T, CP-T, CNR-T, KEY-T, RSI-T, SGY-T, TA-T, RUS-T, ECA-T, JWEL-T, AGN-N, SWK-N, SLF-T, FTT-T, AD-T, MEG-T, SMG-N, BPF.UN-T, GIL-T, IPL-T, TD-T, COST-Q, IIP.UN-T, CHR-T, WCN-T, TCL.A-T, TLPFY-OTC, NVEE-Q, DHR-N, NFI-T, GS-N, GGG-N, DB-N, ALA-T, BDX-N, COST-Q, V-N, ROL-N, UN-N, CGNX-Q, CNR-T, RBGLY-OTC, PAYX-Q, CB-N, TOT-N, NTR-T, HEI-N, BIP.UN-T are stocks to buy or sell.
Tech, healthcare, or military? Comes down to correlation risk. One tech, one healthcare, one defence, one bank, so you have 30 diversified stocks. For example, if you own Microsoft, don't buy another tech stock. If markets fall, it'll take you years to get back to break even. Correlation risk is the worst thing that people can have.
Thoughts on Brexit? Britain isn't the big empire it used to be. It needs immigrants because the population isn't growing. The British companies he owns are benefiting from the drop in the pound. During the Greek crisis, his companies had no more than 30-40% of revenues from within Europe, so if things blow up, he won't get hurt too badly.