SELL
Biggest winner in technology in the last 10 years. He shorted this stock in the last week. Harder time finding acquisitions at the right valuation. Getting squeezed. No organic growth.
PAST TOP PICK
(A Top Pick Aug 27/18, Down 5%) US dollar and trade issues have been headwinds for all commodities. Generates cash flow, more stable.
PAST TOP PICK
(A Top Pick Aug 27/18, Down 73%) Price of zinc dropped, and that changed the dynamic. Trading at 2.5 times cash flow, but no one cares.
PAST TOP PICK

(A Top Pick Aug 27/18, Down 3%) Got hammered. They and Facebook own online advertising, and they have control over mass data. They'll survive. Great cash generation, reasonable valuation, continued 20%+ growth.

HOLD
Risk is the valuation, and the landscape changes quickly. Discount retailers have done better, and do better in down market environments. Will continue to do well. Not sure there's anything to be concerned about. Wouldn't have a huge position, but wouldn't be in a rush to sell.
HOLD
Valuations on rails have come down. He's fine with the rails in here. Short-term risk for the entire group is the economy and trade. Earning estimates are coming down across the board. (Analysts’ price target is $186.00)
BUY
Big problem was buildup of debt. But this has been corrected to some degree. Decent dividend. Risk with Line 3 and 5, but regulatory risk will always be there. Valuations are more reasonable than they've been for a while.
DON'T BUY
Still growing. Biggest problem is valuation. Plus, US housing market, which he thinks is rolling over. Not a lot of demand for what HD sells. Buying back their own stock is a risk going forward too.
HOLD
Bad news is already factored in. Bringing health care into the mix will give them more sustainable earnings, downturn resistant earnings, and maintain the multiple. Don't rush to sell this.
BUY
Chart does look soft. One of best managed companies out there. They don't make money every year, but over the long term, they make a substantial amount and pay down their debt. Balance sheet is better, and they have cash. China is a short-term risk. Great quality assets. Strong management. De facto core holding in the sector. (Analysts’ price target is $37.37)
HOLD
Doesn't own any banks right now. Need to show loan growth. Yield curve makes it hard to make money. Dividend not at risk. No earnings growth. Some risk from over-indebted Canadian consumer. Valuations are cheap. Long-term, you can hold it for the yield. Corporate debt is one of the biggest landmines out there.
DON'T BUY
Facing same issues as all the banks. Cheaper valuation, so bit more protected on the downside. No earnings growth. Not getting the spread when rates are compressed.
TOP PICK
Growth by acquisition strategy. Great migration from license sales to the cloud. Continued great growth. Excess free cash flow pays down the debt. Yield is 1.71%. (Analysts’ price target is $61.57)
TOP PICK

Rather than playing bullion directly, this ETF has a lot of the big cap stocks like Barrick, Agnico, and Franco-Nevada. Diversify the risk, and a more direct play on the commodity. He's more confident in gold going higher than any specific country or mine. Yield is 0.38%.

TOP PICK
Had to throw an energy stock in, because they're so cheap. Paid down debt. About 60% of production gets a premium price. No dividend. (Analysts’ price target is $3.55)