COMMENT
U.S. elections. Looking at the poll aggregator fivethirtyeight.com, we are seeing a shift to more towards Biden. They may be missing a significant shift of black votes going to republicans, but he still expects Biden to win. Trump is trying to discount mail-in votes received after election day, and he will go down kicking and screaming. Markets don't like uncertainty. There is some post-election volatility that is not fully reflected in the market right now.
COMMENT
Tech earning results. FANG companies announced record revenues. In a bear market, good news is bad news and investors sell the news. That being said, it could be that the high multiples for tech are now moving away to re-opening stocks like leisure and travel, especially taking into account eventual stimulus. Growth outperforms value from a tactical standpoint.
COMMENT
Natural gas. The energy story, if he were to run everything, he would invest in nuclear and natural gas as a step. Natural gas relative to crude oil and coal is a win. However, the industry overall will loose so you want to have tradable rallies. It is not investable. Buy for a trade.
COMMENT
A play on the 5G story and they also hold a couple cell tower equities. A way to participate in the transition into 5G.
BUY
All the dividend payers outside of North America. Global dividend payers have a higher yield than domestic dividend players, but you do not get the benefit of the dividend tax credit. Internationally, you have more value stocks than growth stocks. It makes a lot of sense if you think growth is expensive and value will outperform.
BUY
Canada has more commodities and have less growth. Global investing makes a lot of sense right now.
BUY
A great macro play that has solar, wind and new forms like hydrogen. He prefers to be broad. Solar will be a big winner, and also wind is promising.
COMMENT
Owns all the Canadian banks and you don't have to worry which one is going to lead. However, the US banks are also quite cheap relative to the Canadian banks.
COMMENT
Owns all the Canadian banks and you don't have to worry which one is going to lead. However, the US banks are also quite cheap relative to the Canadian banks.
BUY

In general, the dividend is stable in the current situation. Because volatility is increasing, the covered call is increasing yield. It is one of his favourite ways to play international dividends. ZWP would be for the short term when you want exposure to the currency.

COMMENT
Educational Segment. When outcomes are uncertain, you want optionality. Ratio-put spread is when you buy a put to play the downside risk, and to pay for this put, you sell 2 puts at a lower price. This is a strategy that helps buy a dip. You make money on the way down. If you get an upside move, like we might see if there is a massive blue wave. You can write a put at, for example, the 200-day moving average. Then you can buy a call for the upside. You get a lot of optionality then. Either you buy a dip at a good level, or participate in the upside.
BUY

It's one of his anchor stocks. It's been lagging in price, but so have many silver companies. He still likes this among Mexican-based silver producers. It has just started a gold mine in the US which helps diversify away from silver. They keep adding mines and value, and will have leverage to the prices of gold and silver. They're producing and he expects earnings to continue to rise. The current high prices of gold and silver will cover their labour costs, taxes and other climbing costs. Lastly, they have great management (from Barrick).

BUY

He prefers Kirkland Lake and Agnico Eagle among the big producers, because they have better leverage and are streamlined. He always puts Barrick and Kinross in the same category. Kinross buys assets at low prices, but he'd rather buy the companies they buy than Kinross itself. The one positive with Barrick is Warren Buffet coming on board; big-value investors will buy Barrick and won't bother researching the mid-tiered players. That said, he expects a better-levered move from KL and AE. He has a $45 target on Barrick as a buy. Also, he's not investing in copper or base metals.

PAST TOP PICK
(A Top Pick Nov 20/19, Up 8%) It's lagged the sector, because it's a royalty company. You need to hold producers and royalties in a portfolio. With royalties, you expect more asset growth in the value of these assets. These companies help finish financing and building a mine for a producer. Once that mine is running, the royalty takes a cash flow off the top that the royalty company hands to shareholders, plus the value of the resource/metal. As that value rises, so will the cash flow. SSL continues to buyback shares, have a lot of cash flow, and are great value at current prices. He has a $13 target and it's a hold.
PAST TOP PICK
(A Top Pick Nov 20/19, Up 32%) Still likes it. Great profitability. They must leverage, because they have many projects coming online. He has a $120 target on this as a buy. They just hiked their dividend by 75% and will continue to rise.

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