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DON'T BUY

WCN vs. WM Fell last year, and now is picking up steam. It's more of a utility industrial than a cyclical. If you want cyclical, look at CAT or other industrial names. 28x forward earnings for 11% growth, so a bit rich for him. Fundamentally, a great business. WM has a better valuation than WCN and growth is about the same. To choose, he'd pick the larger one, which is WM.

Transportation & Environmental Services
BUY
Looks interesting, especially with global reopening. Right at 200-day moving average, so it's attractive. Stock fell mainly because of shift from cyclicals back to growth. Base case scenario is that interest rates will rise and kick-start cyclicals again. A leadership name in this space.
machinery
DON'T BUY

Doesn't see a ton of dividend growth ahead. Even though there's growth in Popeye's, it provides only 11% of total revenues, so it will be hard to affect the whole company. Instead, he'd suggest SBUX on a pullback, DPZ or YUMC (which he owns). It will perform OK, but have to keep our eyes on the Delta variant. Yield is about 3.3%, and thinks it's secure.

food services
COMMENT

Fast food stocks. Doesn't see a ton of dividend growth ahead in QSR. Even though there's growth in Popeye's, it provides only 11% of total revenues, so it will be hard to affect the whole company. It will perform OK, but have to keep our eyes on the Delta variant. Yield is about 3.3%, and thinks it's secure. Instead, he'd suggest SBUX on a pullback, DPZ or YUMC (which he owns).

Unknown
COMMENT

Clean energy ETFs. ICLN is the go-to clean energy ETF in the US, well diversified. For CAD, look at the ZCLN, which is very similar. Some of these ETFs have fallen over the last few months, but now are stabilizing and moving higher. One of the mega-trends. Watch that most stocks have already priced in positive moves, where the average PE of the stocks is about 52x. Be careful of valuations.

Unknown
WEAK BUY

ICLN is the go-to clean energy ETF in the US, well diversified. Some of these ETFs have fallen over the last few months, but now are stabilizing and moving higher. One of the mega-trends. Watch that most stocks have already priced in positive moves, where the average PE of the stocks is about 52x. Be careful of valuations.

E.T.F.'s
WEAK BUY

The ZCLN is very similar to the ICLN, but in Canadian dollars. Some of these ETFs have fallen over the last few months, but now are stabilizing and moving higher. One of the mega-trends. Watch that most stocks have already priced in positive moves, where the average PE of the stocks is about 52x. Be careful of valuations.

E.T.F.'s