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COMMENT
Main headwinds or tailwinds for stocks right now? Market's been struggling for quite some time to figure out a value for companies. Some companies are doing well, and others are not. If you think about where the economy might be in a year, how high is high when interest rates are zero, and is there value in the struggling stocks? Market is digesting Covid flare-ups, US election, politicians bickering about fiscal stimulus. Market's in flux. Don't read too much into any one given day.
Unknown
COMMENT
North American banks. Low interest rates do pressure profitability. But the banks are such dominant players for so many different parts of the economy. They're much stronger now than they were going into the 2008 crisis. Strong demand for borrowing money, and banks are making it easier for clients to make those payments. US consumer is in good financial shape overall. Banks are increasingly finding other ways to make a living.
Unknown
SELL

Struggling. Restructuring since the financial crisis. Trying to repair balance sheet. Aircraft still struggling, and too early to tell how long it will take to recover. Look at Raytheon instead. Defence is doing exceptionally well, plus aerospace and security exposure. Exceptionally well run.

electrical / electronic
BUY
Defence is doing exceptionally well, plus it has aerospace and security exposure. Exceptionally well run.
Defense
DON'T BUY

Up from its lows. He stays away from hardware producers, as it's hard to differentiate products except for Apple. Issue of timing. Huawei is still a serious player. Hardware is traditionally a hard business to make money in.

Telecommunications
DON'T BUY

A long drive ahead of it. Not the best brands in their dealership package. Overextended, so it's having a garage sale. Exposed to the west, which is struggling. Canadian consumer is one of the most indebted in the OECD. Economic cycle is still questionable. An alternative is APR.UN, with about an 8% yield. They own the dealership buildings and property and lease them. Attractive proposition.

specialty stores
BUY
They own the dealership buildings and property and lease them. Attractive proposition. Yield is about 8%.
REAL ESTATE