PARTIAL BUY
Like the railroads in the '90s, the airlines are getting cleaned up. Unions are now onside with what is going on. He likes it. It just broke out. He would not get a full position here. If it pulls back, then buy more. It is now one of the better airline stocks. He likes it and it is going higher but there is a lot of noise in it.
DON'T BUY
It has long been the poor stepchild of INTC-Q. Now they are competing with NVDA-Q, which is being hit by a competing game. The chips were used to mine bitcoin but that is no longer profitable. When they hit a product it can really move the company. He prefers Broadcom.
BUY
It is a great business model. It has a very strong future but there is a big capital program coming (5G) which will be the biggest technology rollout in history. He does not know here it is going to go but it is going to work.
TOP PICK
It is a core holding. It is a little expensive but they own the small business market. The cloud positions them well. The growth will accelerate as movement to the cloud continues. (Analysts’ price target is $126.34)
TOP PICK
Coach expanded very rapidly a decade ago, over expanded and then got caught up in discount channels. Kate Spade needs some work and they need to refresh the product line. They did such a good job with coach he thinks they will do the same for Kate Spade. (Analysts’ price target is $44.24)
TOP PICK
They had a tough fourth quarter bond trading. They are a class act. The managed wealth business is going to continue to grow them. (Analysts’ price target is $51.83)
COMMENT
The U.S. Fed almost did this halt in interest rate hikes out of the blue. It was sudden. Also, quantitative easing is back on the table, perhaps for a long time. What on Earth has crossed Powell's desk to reverse course? Also, China-US trade concerns remain. Nobody can trust Washington or Beijing. In Canada, SNC Lavalin's problems have been coming for a while. When problems erupt, get out of the way of the stock. Who knows what'll happen to SNC? Whatever it is it will create a lot of bad feeling.
TOP PICK
It's traded in a range for the past 10 years and recently fell to $104 and has since risen. Buy the cheapest bank in the group because it will beat the other banks,. It had its nasty bit. He targets $127. (Analysts’ price target is $125.43)
TOP PICK
They got rid of their copper and made a a big acqusition in gold to become a pure gold play. Trades cheaply at 1.5x book. If gold does well, ABX will do well. (Analysts’ price target is $19.35)
TOP PICK
As long as the market is this high and not correctly seriously soon, it's more of a trading than investing market, smash-and-grab. The only way to do that is to have cash handy to grab. There will be lots of trading opportunities, such as oil. Otherwise, buy a utility.
PAST TOP PICK
(A Top Pick Apr 19/18, Up 17%) He's not sure why ENB split the ENF out and ENF traded at a discount to ENB which yielded more and was cheaper than ENB. That's why he chose ENF. ENG bought it in the end.
PAST TOP PICK
(A Top Pick Apr 19/18, Up 1%) Hands down, the banks have had a tough year, so BND holding its own and giving a decent yield are good.
PAST TOP PICK
(A Top Pick Apr 19/18, Down 17%) The stock has been much lower (December 2018) and has recovered well. But there's a broad bullishness in gold. If the US Fed continues to raise rates, then hold will get shinier. China and Russia have been watching it. If gold breaks out above $1,370 a lot of new investors will scramble to buy it.
DON'T BUY
In 2015, it traded at $40. At $2 today, he doesn't know what to say about BTE. Its balance sheet is okay, but its intrinsic value is plunging to the dumpster; its balance sheet has been in a four-year decline. He can't say to abandon ship though he can see the stock going lower. The oil patch in general: at least 20 Canadian oil stocks are in the same boat. Either there will be some bankruptcies or the stocks are so cheap we can get one heck of a rally, rising 100-200% quickly.
COMMENT
If you believe the analysts, CPG will make 33 cents in the next year which is interesting upside. His fair market value for CPG is $9. Its balance sheet is falling. It had a nice earnings rally but is dropping again. How good are their earnings forecast? This could be part of a serious rally of 100-200%. Maybe, if something interesting happens in oil. These oil stocks are so cheap. He can't advise whether to bail on this stock, but also miracles happen.