Today, Josef Schachter and Alex Ruus commented about whether MSFT, PIF.TO, ANTM, FRU.TO, ROOT.TO, CIX.TO, BEW.V, PPL.TO, MCD, GOOS.TO, BNS.TO, SLB, UPS, EFN.TO, MG.TO, SHOP.TO, IBM, VET.TO, CHR.TO, LSPD.TO, ACST.V, AMZN, SGY.TO, BIR.TO, CPG.TO, TXP.TO, PD.TO, VII.TO, CNE.TO, CASH, TDG.TO, SDX.L, MEG.TO, ARX.TO, GTE.TO, CR.TO, CJ.TO are stocks to buy or sell.
All of Trump's trade rhetoric is negatively affecting world trade, as data shows. The US Fed has changed its tune from six months ago and have now made their first interest rate cut in many years. Expect more cuts and, with Trump tweeting, more volatility. In the next year or two he expects a significant change in the markets from tech, tech, tech. MSFT and Google have good cash flows, but other tech companies have no profits which scares him. All this reminds him of 1999, and he expects a serious rotation in the markets. That's why money managers are nervous--there are some overvalued companies out there. He's picking around beaten-ups stocks. You must be disciplined and not scared in this volatility.
Excellent up and coming Montreal tech company, generally in Shopify's space. Very well-run and growing at 50%, up 200% since the IPO. But: they aren't making money yet and the valuation is pricey. It's overpriced, but he feels this company is going places.
They're #2 in Canadian regional planes and growing solidly run by a solid team. They also service Air Canada. CHR has a stable cash flow so the near-7% dividend is safe. A good stock.
(A Top Pick Sep 05/18, Down 5%) Has sold some of this. UPS is more resilient than FedEx. Long-term it's a great play on e-commerce--more stuff is getting delivered. It's a short-term trade now--global trade is a little off--but a long-term hold. It's the best company in this industry. Pays over a 3% dividend yield.