WAIT

In the industrial base metal space in Canada, there is WTE-T and LIF-T. Both are very fairly priced right now. A highly commodity focused and cyclical business. This space is best to buy into when stock prices have been really hard hit. Global growth for steel trade is becoming a concern. It is not a good time to enter. The yield on LIF-T is 3.8%.

DON'T BUY
Energy is oversold in general. ECA-T is more based in the US now. The company just doesn't seem to make as much money as others in the space. Not to say it can't go up if natural prices improve, he would just look for someone else. (Analysts’ price target is $10.00)
DON'T BUY
Undervalued? In mining this one has been doing well. However, it has a short mine life, only about 8 years, so he sees it as a one asset company. He would stay away.
TOP PICK
At this point in time, this is simply the highest free cash flow company in the space.
TOP PICK
If oil prices live in this range and the differentials get fixed overtime, this company generates so much cash flow it holds no debt in 4 years time very conservatively, he thinks. Yield 4.45% (Analysts’ price target is $45.32)
TOP PICK
A company generating great free cash flow. The dividend is attractive. A great time to get into the space and this is a good company. Yield 7.86% (Analysts’ price target is $7.28)
COMMENT
The market has gone up to the 3000s again, and everyone is getting wary of inverted yield curve, China talks and interest rates. The US manufacturing index showed a contracting economy, but the service sector was up so it is showing economic activity. Consumer spending is also very high, and the US consumers are doing well.
COMMENT
Amazon and other e-commerce makes it so easy for everyone to spend, so it's no wonder consumer purchases are up. He expects the consumer spending to continue.
COMMENT
The TSX hit a high today, but it only regained to the high in April. He isn't selling any growth ETFs, but he's always had covered calls in his portfolio. When there is a surge, you want to switch covered calls to normal equities. Markets are looking to top out so he wants to get advantage of that right now.
COMMENT
You're buying something where big box retailers are dropping like flies and property valuation is very high. Right now, it's an odd space to be in. The retail space makes him cautious.
BUY
The banks have always done well and have a great track record. Likes this in particular because there is US exposure. The only problem is that the MER is too high at 66 basis points.
COMMENT
This is their low volatility ETFs. The ZLU.U pays distributions in US dollars. He would stick with a US index rather than an all market one, but it depends on what type of investor you are.
DON'T BUY
It had too much weight in Europe and it was doing nothing. Switched out of it a few weeks ago. It's a good product but it's not working in this market.
DON'T BUY

If interest rates goes back, then you can get really hurt. If you want long-term, you can have some short duration bonds. ZST is a short term bond. He wouldn't buy it right now.

DON'T BUY
He doesn't want a cap on it on something volatile. Gold has been recently volatile recently so he doesn't want a cap on it.