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COMMENT
All US stocks vs. GDP since 1971 to determine whether the value of the whole market is supported by underlying economic growth: there were peaks in 1999 (dot-com bubble), 2007 (before the crash) and especially now which is extremely high. This means we are at elevated levels, so we need to be cautious. Caution is necesarry. Also, growth has outperformed value for a decade. Before then, they were basically in line (based on the Russell 1000 growth vs. Russell 1000 value charts). He's looking for value in companies that are still growing modestly below 10x earnings and growing in dividends because their cash flows are still growing.
Unknown
HOLD
It has done phenomenally well. There are high expectations of them still buying companies. If you're a long-term holder, don't sell, but taking light profits is not a bad idea. It's had a monster run in the past year. ATD plans to grow their presence in North America and Europe.
food stores
COMMENT
Or buy gold itself? He's not a gold bug. FNV is unique because it is a gold royalty company and not concerned with the daily price of gold. It's better to own this than actual physical gold, because it's less volatile, untouched by geopolitical headlines. Otherwise, invest outside gold.
precious metals
HOLD
A tremendous holding since their IPO. Now, there's a lot of scrutiny in the tech space as the US government investigates the tech giants to clean up YouTube searches. This is a slight caution, but at the end of the day advertisers won't abandon YouTube. Hold.
Business Services
PARTIAL BUY

He doesn't follow the Chinese stocks much. The decline in this and Alibaba stem from ongoing trade tensions, blocked from growing by the U.S. So, once the trade war ends then Tencent will revive. You can buy this long-term.

0
DON'T BUY

He doesn't follow the social media companies, but the issue with Twitter is them struggling with monetizing user engagement. Compare this to Google and Facebook, which knows how. Twitter has ups and downs in terms of usage.

0
BUY

BAC vs. Citigroup if a recession happens He owns both, but he prefers Citigroup, because it has a lower valuation, trading below tangible book value and pays a higher dividend. Citi is viewed as an international bank, whereas BAC is viewed as American. The upside is better at Citi in the coming years.

banks