TOP PICK

It is the fastest growing large cap he can find in the states. It is like SHOP-T, targeting the same sort of customers. Square is the point of sale device. If you missed SHOP-T, you can now go for SQ-N. It is trading at 8 times trailing revenues. (Analysts’ price target is $81.19)

TOP PICK
This is a company that is investing for growth. This is the year when a number of years of planning and building come on line. Their two projects will increase net income by 50%. (Analysts’ price target is $2.10)
COMMENT
As the cycle ends. The market pays for growth and Magna had a weak Q1 and lowered guidance. M&A hasn't worked out as planned. No doubt that car sales have slowed. They're in a very cyclical business and we could be at the end of the cycle. Managers are good capital allocators and will fix their China problem. Emerging markets continue to grow and will feed demand for cars, even near the end of the peak.
BUY

It's like Berkshire-Hathaway in its structure. Bottom line is they made a mistake with a purchase last year which hurt earnings, but they've since fixed that. Last year there were many catastrophes (i.e. US floods) due to extreme weather. But managers continue to make smart acquisitions, and they have a strong track records.

DON'T BUY

An amazing company and who is cutting their subscriptions? No one he knews. If you buy this, then you assume they will continue to raise rates and slow spending. He doesn't know that for sure and so he owns Disney instead.

BUY
Value investors buy stocks that trade at a discount to their true value. Amazon disrupts every business they enter, like cosmetics that they announced today, and will dominate more of online retail overall. People love their instant shipping of goods. The risk are government anti-trust laws. So, the value is here.
BUY

They're into themes--cloud, software, gaming, social media (LinkedIn)--with strong tailwinds. He likes MSFT. Valuations have risen a bit (Google and Facebook have pulled back). MSFT's growth isn't as attractive as those two, but investors love their runway of growth.

PAST TOP PICK
(A Top Pick Sep 20/18, Down 41%) he bought it during the hype over the name game, Call of Duty, which pushed the stock way too much. Despite high revenues last year, their guidance was very poor--no new games for 2019, so the stock got slammed. At the same time, videogames in general generate a lot more cash flow than they used to. At the time, he was excited about the new games in their pipeline--who knows when they release them? He has faith. He's holding on and buying more shares. The balance sheet is perfect and they raised a lot more capital recently. He's excited about the opportunities.
PAST TOP PICK
(A Top Pick Sep 20/18, Up 16%) The media is out for Zuckerberg's head. Yes, FB has screwed up but they have said sorry. Earnings have slowed, because FB is spending on improving privacy of its users. The market overlooks that is spending money on future growth by monetizing Instagram and getting into payments and VR. Their valuation is quite cheap, though growth is slowing, but that means 30% revenue growth. Who else does 30% trading at 20x earnings? FB is up 50% year to date vs. the Nasdaq's 20%.
PAST TOP PICK
(A Top Pick Sep 20/18, Down 3%) This moves inline with the S&P 500. BLK is very undervalued. They really make their money selling ETFs to nichy alternative investors, which lower interst rates will encoourage. BLK offers the best suite of alternative investments. BLK generates a lot of free cash flow and they raised their 2.8% dividend twice last year.
DON'T BUY
Don't buy a stock only for the dividend, because some won't see growth, like POW. Lower interest rates won't help them. They bought Wealthsimple, but will that pay off? He's been holding his breath on POW for a long time and he's given up. POW is always on the wrong side of trends.
BUY
They keep beating expectations, so why hasn't this stock shot up? Because investors fear a recession and TFII will get hit when that happens. TFII makes smart acquisitions and he still believes in it.
DON'T BUY
Don't buy any US stocks for the dividend--you get taxed and suffer currency fluctuation. But he likes US banks because there's growth. That said, he wouldn't buy WFC.
DON'T BUY

He's lost money on this. A complicated company. Their pharma operation is easy to understand, but Amazon poses a big risk to these companies. Big.

BUY

It's a dividend play, so it trades on its yield, directly influenced by interest rate moves. Brookfield stocks are steady-eddys and they make few mistakes. BEP will benefit from lower interest rates. However, the parent stock, BAM, is the best Brookfield stock.