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COMMENT
Market Outlook He expected this year to have a lot of volatility just like last year. US-China trade talks, Brexit, North Korea and Mexico have created that this year. He was fully invested going into the year. He has taken a lot of profit and has built up his cash position -- up to 55%. Anything goes this summer, he thinks. You will probably see a couple of times where corrections could be close to 10%. You need an active manager to keep you nimble.
Unknown
WAIT
He has backed away from Chinese names given the trade tariff concerns other than a Chinese ETF, where he has 3% of his holdings. He likes BABA-N for the cloud and e-commerce business they are developing. He would wait until the G20 decides what will happen next. It is very cheap here, but he not sure when it will be safe to enter.
0
BUY on WEAKNESS
5G? He bought into this back in Q1. It is a REIT of commercial towers around the world. He has a target of $223 -- very close to market. Yield 1.8%
Telecommunications
COMMENT
A small company that develops transformative gene medications. They are a small fish in a big sea. A recent transaction with a pharma company allows them to scale out their product, but it is still early. (Analysts’ price target is $58.05)
biotechnology
HOLD
Based in Vancouver, they develop bar code scanners. A small player in a very competitive field. At this stage of the cycle, he would prefer to hold a larger player. (Analysts’ price target is $231.00)
electrical / electronic
DON'T BUY

Another Amazon? He does not own it, nor participate in the IPO. It has influenced the IPO market and it is a disrupter. It is like Amazon as a disruptive force in the market, involving big data. However, he thinks it is lacking a financial model that will provide a long runway. The company has not defined when the business will actually become profitable.

Technology
BUY on WEAKNESS
The IT service space has had a lot of consolidation. If there was another pullback in price, he would be a buyer.
other services