SHORT
He has a small short position on this one. It is expensive and the management compensation plan is too generous. With such low interest rates, why would anyone need to borrow from them?
TOP PICK
They make antennas and have great technology for the advancement of 5G -- affording an explosion in growth potential. The Waewai controversy is helping their business. Yield 0% (Analysts’ price target is $5.76)
TOP PICK
A silver mining company in Mexico. They have unbelievable yields on their mines. He is very bullish on silver prices going forward. A great take out prospect. Yield 0% (Analysts’ price target is $6.63)
TOP PICK
A dissident shareholder has caused some weakness in price. It that trades near its cash and asset value -- great value for the quality of management. One of his largest equity holdings. Yield 0%. (Analysts’ price target is $9.41)
COMMENT
The fundamentals are pretty good. However, the political environment with US/China trade tensions, Mexico trade tensions, Brexit, may be causing some growth or expansion plans to be postponed. The trade tensions need to be resolved quickly or could start seeing some real harm, the recession may come sooner than later. These trade issues are very disruptive.
WAIT

ZEB or ZWB? He has lightened up on the banks and is less than market weight now. He looks at the mortgage and housing markets, and right now it is not the best environment for the banks. Probably should be in the ETF with the covered call, ZWB. Tariffs are causing concerns and may wait till these issues are resolved. He would wait before committing to either of these ETF's.

WAIT
This is a solid name. Again, would wait to see how the markets shake out. He does not see too much positive happening in the markets over the next few weeks. He would be on the fence right now.
DON'T BUY

There is a black cloud over the energy sector. Until the market starts to care about this sector, he is avoiding the energy market. It seems like real value does not matter any more in this sector. He may look at something with a higher yield such as VET

WAIT

Airlines have been very volatile. He is cautious with the airlines. AC has been doing well and their recent Air Transat acquisition should be good if it indeed happens. There is a good prospect of growing earnings over the next couple of years. However, if you believe there is going to be a recession soon, then avoid this stock.

BUY
He likes this name. A huge company with global diversification. They are in commercial, industrial properties. It is a safe investment. Yield is good and safe. Recently sold off, so now may be a good time to take a position.
DON'T BUY
A black cloud hovering over Canadian oil sector and until this clears up, he would avoid. Yield is low on this name. He would look at a company that pays a higher dividend and has more capital appreciation potential.
PAST TOP PICK
(A Top Pick Jul 06/18, Down 30%) He expected the price of oil to come back but the oil stocks did not. Until the consensus among portfolio managers changes on Canadian energy, avoid this.
PAST TOP PICK
(A Top Pick Jul 06/18, Down 5%) It has a decent yield and has global exposure. He sees better growth in non North American areas. He is happy to hold this.
PAST TOP PICK
(A Top Pick Jul 06/18, Up 16%) It has held up very well. He continues to hold it and is happy with it. It is a good stock to have as a base stock for a portfolio.
HOLD
He likes the rails. The Canadian economy in the business that CN is in, is doing well. CN has improved its margins on an ongoing basis. However, if you think we are going into a recession he would wait.