Advertising
COMMENT
People who have had good profits with concerns about inflation and interest rate concerns did not cause a huge sell off. This has now realized and markets are de-risking.
Unknown
COMMENT
Energy stocks, forestry, and resources companies are cash flowing. The pull back is not the end of the energy run.
Unknown
BUY
A small long position. Has come off on price momentum on a longer term time frame. Valuation is solid. Balance sheet is good, beat on earnings and is growing. Reasonable return on equity. Worth adding to this.
Technology
WATCH
They have had some issues with their supply chain. Price momentum has been okay, but valuation is not great at 78x price to earnings. It did beat earnings. Balance sheet is good and return on equity is good. Would not add here.
food services
BUY
Does not view it as a growth stock. Apple is reasonably valued compared to other tech valuations that are more extreme. 28x price to earnings. Does have some value characteristics due to cash generation. Too expensive relative to other cyclical parts fo the markets.
electrical / electronic
STRONG BUY
Really likes it and is a long position. Has multiple characteristics he likes. Strong price momentum, valuation is standout. Cheapest stocks on the TSX with high return on equity. trades at 6x cashflow. 3x price to earnings. Very low multiples.
steel
WEAK BUY
Generally likes insurers. Benefits from a rise in interest rates. Scores okay on price momentum. Not too expensive at 16x. Small yield, good balance sheet. Not a stand out, prefers Manulife.
insurance