BUY
The consensus is that the UK will have a successful exit at the end of the month. With that, there is a backdrop where the political overhang will be removed and the economy has a chance to restructure and the situation afterwards will probably be better. LYG-T is primarily exposed to UK companies.
WEAK BUY
It has been a good story. It is a Canadian national champion. The only challenge he has is that his clients have an ambition to have a dividend. He would buy it if they initiated a dividend. If you don’t need one, then it is one to look at. Look for a better entry point.
HOLD
There is a view that the US could potentially further lower rates, but if the US follows the trade agreement, it is possible they could even raise rates. If you have not been in the US financials up until now, then you have probably missed the best of the run. Canadian banks are probably fairly fully valued. The biggest opportunities in the banking sector are currently in Europe.
PARTIAL SELL
They had a huge run in the last 18 months but it lagged the group for 4-5 years prior to that. It was because their products we selling to the higher end market. He is always in favour of re-weighting a stock when it has had a run-up.
PAST TOP PICK
(A Top Pick Jan 08/19, Up 29%) There are only 3 major competitors. It is a play on industrial production and on consumption. It is a good stock to hold longer term.
PAST TOP PICK
(A Top Pick Jan 08/19, Up 32%) This was a catch up story and it had an attractive dividend. It is still attractive for those that don't want to buy bonds or preferred shares.
PAST TOP PICK
(A Top Pick Jan 08/19, Up 13%) We are starting to see a bit of a recovery in the oil price and in the demand. This is an interesting company to watch.
SELL
They have been a successful franchise and acquisition story. His concern has always been valuation. This is a great company. It should be on your radar. It is too expensive so you should sell it.
BUY ON WEAKNESS
It is a well run company. They made some clever acquisitions. If you can get it on some kind of a selloff it is a good one to buy and hold. They are pursuing an acquisition in Australia, who sometimes blocks acquisitions from non-Australian companies.
BUY
Packaging Sector. The whole sector was beaten up last year. He would suggest Amcor. It is a well managed company. It is a sector that might be due for a rebound. He would also look at CCL.A-T.
BUY
This is going to continue to be a story that will grow attraction. This is not his favourite way to play it. TSLA-N would be his preferred way to play it.
BUY ON WEAKNESS
It is a medical device company. It is potentially an acquisition target. It has had a decent run. It is an interesting company. It is not a buy but could be in a bit more of a sell off.
WATCH
It had a really ugly 18 months. Management were very clear in their guidance. The fundamental story around AI still remains. It is a good company but there is a caution around semiconductors. Buy them when they are broken. For now, let it run and see what happens.
DON'T BUY
He does not even know what it is any more. It is very tightly linked to government contracts in the states. He prefers others.
BUY
Since last week, it might be a company you want to take a closer look at. The long term track record has been quite good. He would prefer BA systems because it has a BREXIT overhang on it.