BUY
Group is on fire. Rallying nicely in a sector that he likes. Oil and gas pricing looks as though it will continue to be strong. Cash being generated by the group is company-changing to the balance sheet. He'd be comfortable owning. See his Top Picks.
oil / gas
BUY
Absolute market leader for the last 2 years, for good reason. Multiple revenue streams. A great predictable asset. Firing on multiple cylinders. Beat estimates regularly, which continue to rise. However, it's in the secular growth camp, whereas some of the economically sensitive stocks will outperform. Lots of potential.
Business Services
BUY
Canadian banks using mountain of cash for dividends and buybacks. US investors are still cautious about banks. Whereas Canadian investors have tremendous confidence in our banks. Financials are his largest weight, because of dividend growth. Likely to see an acceleration in dividend growth. With rising interest rates, you need a rising stream of dividends. A great place to be.
Unknown
PAST TOP PICK
(A Top Pick Jul 27/20, Up 13%) Keep an eye on to buy again in the future. Fires have held up shipping. Numbers likely to come down. Relative price performance has been weak. Cyclicals need to be traded, not held forever. He's waiting for the next quarter, and more water under the bridge for the KSU deal. Great operator. Cautious short-term.
Transportation
PAST TOP PICK
(A Top Pick Jul 27/20, Up 29%) He'd buy it today. Grows dividend quickly, over 20% a year over the last 5 years. Likes the housing sector and home improvement.
specialty stores
PAST TOP PICK
(A Top Pick Jul 27/20, Up 26%) Had a good run. Iron ore prices have corrected. Interesting area around this price. He'd want to see it turn higher over the next 2-3 weeks before he added new positions. If we're in a commodity cycle, this could be a leading stock for a very long time.
other mines
BUY
Rising relative strength. Strong performance. Generating a ton of free cash. Gas production is rising. Completely unhedged. Likes the group. Gas prices likely going up into the winter.
oil / gas