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COMMENT
September outlook. September is a seasonally weak month on average. -0.9% is the historic average for the TSX. Market sentiment seems there is a risk off atmosphere. There is political risk with an election up coming. With the back to school season and delta circulating, there are reasons. You can still buy into weakness. Still bullish moving forward.
Unknown
COMMENT
Has exposure to value and cyclical trades. There is a good weighting in secular growth stocks. They also hold interest rate sensitive or defensive plays. Their most recent purchase is an industrial purchase.
Unknown
COMMENT
Industrial sector. It's not a homogenous sector. Transportation sector has seen logistic problems so there is a lot of pricing power. There are shortages of trucks, as well as labour. It's difficult to get qualified people. More broadly, the sector is pro-cyclical and demand is coming back.
Unknown
BUY on WEAKNESS
Holds some for their income portfolio. Was the biggest contributor for their performance last year. A secular growth potential story. A consistent performer and the pullback is buyable. The pullback is due to exposure and earnings disappointments due to storms in Texas. Likes the geographic exposure with roots in Canada. Clean natural gas, long tenure and great allocators of capital. 3% yield and has been a good capital appreciator.
Utilities
BUY on WEAKNESS
Canada's largest printing and packaging operation. EPS was .51 cents. A bit of a disappointment. They benefitted from the emergency wage subsidy. Right now, they are facing difficult comparison to last year, especially with currency conversion with the Canadian dollar coming back to strength. Yields 4%. Has M&A optionality. Has re-rating potential as their packaging business grows. This pullback is a buying opportunity.
publishing / printing
COMMENT
There is a lot of demand for vehicles and there are new and used car inflation. There are some cyclical earnings growth here in MRE. Would probably opt for Magna, since it is more diversified. Thinks the whole sector is poised for long term growth.
metal fabricators
DON'T BUY
Extracts protein from vegetables like canola, peas, and soy. Has 285 patents. There is negligible revenue despite the company being around for more than 20 years. Difficult to apply fundamental analysis. Too speculative for him. Need to see revenue and profit.
food processing