DON'T BUY
Exercise caution. Big move in the underlying companies, so you're always susceptible to a pullback. Shift focus more to the US, where you can get more reasonable valuations. US market is 10x what Canada's is. Money spirals in, and out, of these ETFs. Tough to justify valuations in Canada right now. It's a psychology trade.
PARTIAL SELL
Spike in a bunch of the iron ore names. LIF is a beneficiary of concerns about global supply. Move higher is temporary. Good business model, pretty good yield. He'd be concerned with Chinese growth, if it continues to sell, iron ore will suffer. He'd trim.
HOLD
Very strong yield right now. Concerns over the dividend. This is one of the last things they want to do, so he thinks dividend is safe. A play on oil with a ton of assets outside Canada. (Analysts’ price target is $41.27)
HOLD
Well run. Significant insider ownership, not expensive. If he owned it, he'd hold. If he didn't own it, he'd look at it. Tremendous growth in front of it. Fastest-growing company in the REIT space. Subject to the vagaries of interest rates and real estate prices.
TOP PICK
A number of catalysts: earnings, big investor day, buying back in Aeroplan. Aeroplan will have the biggest impact for EBITDA, solves earnings and cash flow being volatile, smooth out quarterly fluctuations, and you'll get the premium multiple of US names, added synergies like revenue. Concerns are the economy and travel, but profits will go higher. It's come back from the dead. Harvest free cash flow from past investments. No dividend. (Analysts’ price target is $37.57)
TOP PICK
One of the leaders in supply chain management. A tough Q3, but since then they've announced a couple of big contracts, like Unilever and Novartis. Not cheap, but he continues to buy. No dividend. (Analysts’ price target is $97.77)
TOP PICK
Small tech name in Canada. Come back from the dead. Building in the hot areas like 5G. A small company, not expensive, underloved. Will have to ride through volatile times. No dividend. (Analysts’ price target is $6.00)