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A great performer in the past 4 years. They have executed well, and Amazon partnered with them. CJT will be involved in Amazon's one-day shipping. They have good growth ahead of them. Buy on a pullback.
For the long term? Canadian banks are good to hold long-term. RY and TD are his picks in this sector, but it'll be a tougher environment with interest rates staying low in the coming years. He prefers Morgan Stanley because of its growth in wealth management. But banking overall will be tougher to make money for the next 5 years. But you own bank stocks for the dividend and will grow slowly in the coming decade.
For the long term? Canadian banks are good to hold long-term. RY and TD are his picks in this sector, but it'll be a tougher environment with interest rates staying low in the coming years. He prefers Morgan Stanley because of its growth in wealth management. But banking overall will be tougher to make money for the next 5 years. But you own bank stocks for the dividend and will grow slowly in the coming decade.
It's his only defence name. They have low debt and anti-missile defence has a lot of demand worlwide. United Technologies will spin out other divisions and merge its aerospace division with Raytheon. He likes each company, but isn't convinced that combining them makes sense. The street is starting to warm up to the merger, but there will be noise around Raytheon for the coming year. Has good company fundamentals.
It's his only defence name. They have low debt and anti-missile defence has a lot of demand worlwide. United Technologies will spin out other divisions and merge its aerospace division with Raytheon. He likes each company, but isn't convinced that combining them makes sense. The street is starting to warm up to the merger, but there will be noise around Raytheon for the coming year. Has good company fundamentals.
