WAIT
Last couple of years, has suffered because of the pandemic. Travel in US has gone up, but not so much in Canada. Future's a bit fuzzy with fintech. We might see more decentralization, though MA is trying to be part of that digital currency process. As transactions pick up next year, it should do well. In January, transactions tend to slow down. Hold off until at least February.
STRONG BUY
Raised dividend by 18%. Growing business in NA and China. 80% of business is based on fixed income. If we see rising rates, will definitely benefit. Attractive proposition right now. Seasonally also tends to do well at this time. Yield is over 5%.
BUY
Energy sector has pulled back in the last couple of months, which is the seasonal norm. Producers tend to do well from February into May. But pipes and midstream players are a good way to transition into the energy sector. A good choice in the space.
HOLD
Paying down debt, because otherwise it makes it hard to get financing. Sold off part of assets, a smart move. Likes what they're doing. If oil stays around $75, they will benefit over time. They're being cautious. They've agreed to buy back shares, but this can change.
TOP PICK
Strategic positioning, rather than buying individual names, since he might be in the sector for only 3 months or so. Seasonality from October to end of December, and also from mid-January to April. He's overweight Canadian banks at this time. They've been performing well, as they do when markets are volatile. Will do well if rates go up. Sweet spot. Yield as a group is about 4%.
TOP PICK
Representative, cap-weighted. Gold performs well coming into the new year. That, plus rising stock market and rising gold prices, and you could see gold miners do quite well. The run could extend into March and April.
TOP PICK
Fantastic company. Produces the most silver of companies with a market cap of over 1B. 56% of revenues come from silver, really high. Well situated in US and Mexico. Longer term, there will be a huge deficit due to demand from EVs, solar panels, infrastructure build out. Beaten up, but tends to be strong from now till February and can run to March/April. Yield is 0.17%. (Analysts’ price target is $20.72)
WAIT
Hard to predict when bottlenecks will resolve. Everyone's pointing fingers. If he had to guess, earlier in 2022. Right now, it's still a mess. MG hasn't been performing well. He'd hold off. We're in the seasonally strong period until February, and we might actually skip that this year. Wait to see more progress.
COMMENT
Thinks "Santa Claus" rally will occur next week because of momentum and quantitative traders who believe in growth stocks. Biggest lesson investors can learn is "don't fight the Fed". If Fed tightens rates, equities will go down. Higher interest rates will lower earnings and increase market volatility. Diversified portfolio can protect from rising interest rates. Generation of investors who haven't experienced major crashes (1999), who he expects to keep buying dips.
BUY
One of the larger banks and has highest credit rating in India. Weakness in stock (12x P/E ) compared to European peers (20x P/E). Not as much access to vaccines, so business in India muted. Good opportunity to buy as business is growing. India has population under 35 which provides good opportunity.
DON'T BUY
No growth in this company and does not own anymore. If rate base doesn't grow, profitability and dividend won't grow. Growth rate not offsetting inflation. Not a good company to own.
COMMENT
Starting to grow business from military and healthcare side. Healthcare side has long runway for growth. Must be patient with this stock and will see better share price.
DON'T BUY
Not interested in the stock and is looking for bigger and better companies in the industry. However, the company has had a good growth rate and has been in business a long time. Company has survived through Covid-19. Compared to other competition in industry, the company is doing well.
BUY
Long term investment and owned since 1998. Up 28% YTD, 23% for 5 Years and 16% the last 15 years. Above average growth rates because is oligopoly. Covers most of Eastern Canada. Current assets greater than current liabilities. Great management team and returns continue to grow. Dividend has averaged around 14% growth per year.
BUY ON WEAKNESS
Very good stock, however, being treated like a tech stock instead of a utility. Most of the business is in Florida and consists of solar, wind, natural gas and battery storage. 35x P/E Ratio. Growth rate around 11%. Buy a little now and buy more if/when there is a correction.