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COMMENT
Market concerns. Investors are nervous. Possibility that the Fed will increase rates as the economy slows. We've seen short-term rallies, but no follow-through. If you look back a year ago, we saw strong increases. It will be difficult to show Y/Y increases. If we see declines, plus moderation in inflation, the market might have to look through that and then start to recover. Expects choppiness through the next quarter. Then, it will depend on geopolitical events, economic numbers, and where rate increases are going.
Unknown
COMMENT
Portfolio positioning. Opportunities in select sectors like energy, add on dips. Risk in price of oil due to geopolitical tensions, but even if the price does pull back, these oil companies are generating a lot of cashflow. Selectively in financials. Banks are expected to have slower growth, but will have higher earnings with higher rates. Consumer staples. Gold really starting to increase, and this should mean positive things for producers.
Unknown
BUY
US multi-state operator (MSO). Most stocks peaked a year ago, and have been in decline since. Continues to grow. Regulatory and structural issues have caused selling pressure. At some point, valuations will catch up. Leader, biggest MSO. The Cadillac.
agriculture
WATCH
Renewable nat gas is a trend that will continue to develop. Push to increase percentage of renewable power from 0.5% to 5-10% over the next decade. Tremendous opportunity. Owns 3 technologies. Pressure on small caps, Covid delayed projects. His eye is on it.
Financial Services
BUY
AI software to help drug companies to purpose different compounds to tell what's effective and what's not. Part of the small cap selloff. Continues to reach significant milestones and sign contracts. Revenue and cashflow should improve over next year. A takeout possibility.
Healthcare
BUY
Non-hospital surgical and rehab equipment. Will grow both organically and by acquisition. Acquisitions have been delayed. Hit estimated revenue number, and this should continue. Obtained financing. Pipeline of deals. Earnings will be lumpy. Likes management. If it weren't too small, he'd make it a Top Pick.
Healthcare
HOLD
Loves the management team. Chocolates, gummies are top sellers. 45% market share of all edibles in Canada. Adjusted-EBITDA positive. Seasonal slowdown. Executed well, top brands. Stock needs a catalyst.
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