PAST TOP PICK
(A Top Pick Aug 26/20, Down 6%) Continuing to do well. Dominant online streaming provider. Trading sideways since last year, just like other tech. Global expansion remains a driver. Still likes it. Reopening could affect it. If there's an uptick, he may want to take profits.
PAST TOP PICK
(A Top Pick Aug 26/20, Down 30%) Typical stay-at-home name. Growing pains. Last quarter had a wider loss than expected. Still sees 25% revenue growth per year. User base and revenue continue to grow. Valuation is a bit expensive. He's being patient, it's the way of the future.
COMMENT

Canadian tech names. Canadian space if fairly limited. There's SHOP, CSU, OTEX and that's about it. Maybe also BB. Look to the US and Asia for tech names. Loves FB and GOOG. Clampdown in China is presenting opportunities. Try NVDA, TSM, MSFT, MA. Some of these names make a lot of sense when you look at the valuation.

DON'T BUY

Go to names that have more growth behind them. INTC has underperformed for quite some time. Prefers NVDA (which he owns), TSM, or even TXN, which are more on the ball, growthier, better execution. Earnings growth rate is quite weak at 4-5%. Cheap at 12-13x forward earnings, but higher yield indicates growth avenues are few. Yield is 2.5%.

COMMENT
Possibility of paper tantrum? Future interest rate moves won't be a shock to the economy. The Fed is telegraphing well. Rates will remain lower for longer. Inflation is transitory at this point. It will be higher today and next year, but this is due to economic restart not economic recovery, two different things. With a restart, supply is constrained as demand moves higher. With a recovery, supply remains high and demand goes down and starts to move higher. Doesn't see hyper-inflation in this part of the world.
COMMENT

US financials. Likes the US financials, such as JPM. It has great management and execution, yield of 2.35%. He owns some of the European financials like UBS, as well as HSBC, PRU, and WFC.

BUY

Likes it here at the 200-day MA support level. Parks and resorts will rebound very strongly. Disney+ subscriber base is ahead of expectations. Seems a bit pricey, though it's a premium name. Doesn't own, but would consider.

COMMENT
11-12% yield. Only problem with the covered call is that when the index (here, the NASDAQ) is doing well, you're better off owning the underlying securities. YTD, QYLD is up 6.3%, whereas the NASDAQ is up 18%. Good strategy if you think the underlying index will be negative or flat.
BUY ON WEAKNESS
Somewhat attractive from a trading perspective at these levels. Long-term, makes a lot of sense. But will it have the same growth as in 2020? Entry point makes sense near the 200-day moving average.
TOP PICK
Important to look at things from a contrarian standpoint sometimes. Negative news on Chinese stocks. One of the largest e-commerce companies. 58% of all online retail spending in China. Regulatory scrutiny has triggered a 35-40% price drop, good opportunity at 21x earnings. Revenue growth 22-23% annualized for next few years. Fundamentals and demographics are tailwinds. No dividend. (Analysts’ price target is $274.84)
TOP PICK
Global economy is on the mend, many tailwinds. 1.2x price to book, a cheap valuation historically. Half is in the US, with half elsewhere in the world. Financials everywhere will be able to increase share buybacks and dividends.
TOP PICK
One of largest lifecos in the world. Asia counts for 35% of revenue, with greater demand in the future. Growing middle class and aging demographic are a bonus. At 1x price to book, trades at a discount to the peer group. Interest rates will benefit. Yield is 4.59%. (Analysts’ price target is $29.22)