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COMMENT
Markets, especially technology. Issue for tech is they had high multiples, so high expectations. Earnings beat by incredible amounts, but people are worried. Stocks that underperformed during Covid are doing better as we return to some sort of normalcy. The uptick in commodities is helping Canadian stocks and the CAD. Pullback today may be a buying opportunity.
COMMENT
Damage from pandemic creating a broad selloff later? Every year, there's a 5-10% pullback, which is a terrific buying opportunity. A stew of factors such as stimulus and interest rates are being distorted, and we won't see until later in the year how they affect the stock market and the economy. Clarity will come. If you can be patient, buy what you really like at the right time. Inflation numbers were up today and, though expected, are creating an unpleasant situation in the market.
BUY
Trading at 27x earnings. Predictable revenue stream. Into next year, we'll see a bigger deployment of 5G, which will increase revenue, drive cashflow numbers, and bring down debt. More dividend increases and share buybacks. Increasing growth over several quarters, if not years. A stable partner for 5G partnerships.
Telecommunications
COMMENT
Will portfolio managers avoid pipelines to be seen as "green"? A possibility. But these companies are working to get to a level where they are more environmentally friendly. They can always get capital from somewhere. If you're interested in the environment, engagement is the most important factor, instead of just refusing to own a stock. Engage, and encourage companies to do better.
PAST TOP PICK
(A Top Pick May 11/20, Up 31%) The cloud will continue to grow, and they will continue to gain share. In a really strong position. Data collection through the cloud can be used to help clients. Gaming business is doing incredibly well. Strong pipeline. Free to do acquisitions without same regulatory scrutiny as FB and GOOG.
computer software
processing
