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COMMENT
Big tech stocks are overbought, but other sectors have started to rise, sectors that have been dormant, so this is a good sign. This buying is driven by FOMO, though the economic realities don't line up stock prices. Stimulus has also encouraged buying, but economic data looks encouraging. He's looking for companies that can grow earnings in a period like this. Home improvement and recreation (i.e. skidoos) have been higher than in years.
Unknown
COMMENT

Wellness drives CBD demand and there's more competition entering this space. The CBD market continues to expand into drinks and food. He used to own this, but sees better opportunities. But CWEB is one of the U.S. leaders in this crowded space, so it's okay. You want to be in this space.

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DON'T BUY
Over time, people will travel again, though certainly not right now. AC is burning through cash because of few passengers. Buying this depends on your time frame. If you're long term, now is an attractive entry point. As improvements in vaccines and treatments accelerate, then we will see airline stocks bounce back even before airline travel numbers rise, as investors anticipate that bounce back. Don't expect quick returns here. You need to give the entire airline industry time to recover.
Transportation
DON'T BUY
This will be challenged short term as fewer people ride buses. The recovery will be slow, not sudden. Consider the slow migration out of big cities into rural or suburban areas. If you have a 3-5 year time horizon, then consider this. NFI is well-managed and was doing well before COVID though it had problems with their distribution centre.
Automotive
DON'T BUY

He prefers CIBC or RY (capital markets are driving stronger revenue), and he isn't looking at BNS. He has little exposure to financial services. However, banks are showing improving technical signals, like attractive valuations and starting to approach previous highs. BNS has exposure to Latin America, which is another headwind.

banks
PAST TOP PICK
(A Top Pick Aug 09/19, Up 231%) A market darling centering around a gold operation in Papua New Guinea. The gold tailwind hasn't hurt. KNT was already gaining investor attention before this gold rally. He sees more upside here, so he's holding onto this. Also, this could be taken out down the line.
Mining
PAST TOP PICK
(A Top Pick Aug 09/19, Up 10%) A cannabis company in Nevada. Like Indus, they cleaned up their situation and are turning around. They bought a large dispensary in Nevada near Reno. An overhang was owing the vendor a lot of money, but that vendor has become the new CEO has fixed that debt. CXXI is now cash-flow positive. Down the road, they will do more acquisitions.
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