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COMMENT
Market Outlook It is difficult to sell all your stocks because you fear a trade war impact on the market. Don't move stocks into bonds as yields are too low. Diversification is key. Look for holdings with above average dividends. He still holds Apple and Alphabet. The FANG group has really taken it on the chin, but he will continue to hold. Apple employs 1.4 million people indirectly in China -- they are far from a massive restriction on them. The US election will take centre stage as Trump wants to focus on the success of the economy. At the end of the day he expects Trump would back away if it threatened US markets.
BUY
A very solid company. The announced a major acquisition and since then the stock is down about 10%. They bought 23 multi-family buildings. He thinks they are trying to expand their model from single-family to multi-family units. At this level, it is less than 10 times earnings and the yield is 2%. He would be a buyer here.
REAL ESTATE
PAST TOP PICK
(A Top Pick Jun 27/18, Down 63%) A disappointing performer, but he still holds it. Same store sales plunged last year following the completion of Canada 150 sales. It is still profitable, although it always loses money in Q1. An iconic brand and is expanding slowly into the US. He would be a buyer if he wasn't already an owner.
Consumer Products
PAST TOP PICK
HOLD
He sill owns WBA-Q. Both have been under tremendous pressure. He feels the entry of Amazon in to mail order prescriptions has hurt along with a move towards generic pricing on drugs. He feels it is way over done. These companies are foundations within the US. At some point they will bottom out, but he is not ready to add to his holdings at this point.
specialty stores
HOLD
He sill owns WBA-Q. Both have been under tremendous pressure. He feels the entry of Amazon in to mail order prescriptions has hurt along with a move towards generic pricing on drugs. He feels it is way over done. These companies are foundations within the US. At some point they will bottom out, but he is not ready to add to his holdings at this point.
specialty stores
