COMMENT
US Home builders. The US home builders market is still way behind from the peak, despite a rapid population growth. Existing home sales are also not substantially higher. He has chosen the play the space through a Home Dept instead.
COMMENT

There continues to be a hangover over the falsification of client records a few years ago for WFC-N. It will go away over time and Warren Buffet still owns his shares. He would tie into a higher yield play. He would lean towards Bank of America.

COMMENT

There continues to be a hangover over the falsification of client records a few years ago for WFC-N. It will go away over time and Warren Buffet still owns his shares. He would tie into a higher yield play. He would lean towards Bank of America.

COMMENT
Gold now rallying? He likes the recent technical rally and he thinks it could go higher. The US Fed is negative on rates, which would be positive for the entire market. It is unusual for gold and stocks to rally at the same time.
BUY
A seasonal buy? He thinks it may be an interesting time to enter. Both domestically and globally, sales have been good. The balance sheet is working fine. You should expect double-digit sales growth going forward. Trading at 28 times earnings, but he would still be a buyer.
HOLD

A fine holding to keep. They have proven their membership and pricing model works and they can even thrive in the digital era -- even against Amazon.

HOLD
He thinks it is quite safe. There is always risk on new acquisitions, but he believes in their de-leveraging strategy.
BUY ON WEAKNESS
It has successfully guided itself through a leveraged buyout of Visa Europe and it should start to feel the benefits going forward. A pullback of a decent nature would be a good entry for a larger position. Be watchful for a disruptive payment competitor that might appear in the future.
HOLD
This should remain a hold despite the recent pullback. They have some of the most advanced chip sets out there, leaving room for good future growth.
HOLD
The food industries has had a tough time moving the top line. MFI-T has focused on developing vegan alternatives and this could work out for them in the long run. Otherwise, this is a stable and consistent company.
HOLD
Companies that have been increasing dividends and with the threat of falling interest rates, these utility type holdings are a good place to hide for the next six month. Yield 2.6%.
TOP PICK
They have built up a good cash position and have worked on improving security. Their balance sheet looks strong and he believes this is just getting going. Yield 0%. (Analysts’ price target is $218.44)
TOP PICK
They are data managers on the cloud. They also help companies analyze data. There is a lot of room for growth. Yield 0%. (Analysts’ price target is $8.32)
TOP PICK
One of the best brands in Canada and a low dividend payout ratio. If interest rates fall, it could be a very defensive stock to own. He likes their reinvestment abroad. Yield 3.91%. (Analysts’ price target is $110.75)
COMMENT
I hold HHL in US and Canadian 50/50. Should I cash out the American to buy only Canadian? And what if the Democrats win in 2020? Currency is complex in general. Better to hold half-hedged, half-non. Yes, there's some strenght in the CAD. But in a slowdown, the USD is the world currency and will respond well. Also, these companies are well-capitalized and a great place to hide in a slowdown. Owning is USD is better in a slowdown. If the Democrats win in 2020: It's a tough call who will win and what the winner will do to US healthcare.