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COMMENT
Russia-Ukraine volatility added to rate uncertainty. Just when it looks like things are getting back to normal, it gets weirder. There will be a peaceful settlement. If the situation escalates, then we all have bigger issues. Tech and pandemic stocks that did well through 2020-21 have recently had a big correction, and now we're seeing a bounce back. He's had a lot in cash. The market is taking Russia-Ukraine and rising interest rates more or less in stride. If that continues, we're looking at higher markets by the end of the year, so he's looking to deploy some cash.
COMMENT
How long will supply chain issues and commodity prices disrupt the market?(A Commentary)
Mar 30, 2022How long will supply chain issues and commodity prices disrupt the market? We must accept that the world is never going back to what it was. We saw peak globalization, for the foreseeable future and possibly for this generation, in 2019. Globalization has lifted millions out of poverty. Now we're going to see a return to nationalization and perhaps mercantilism, where more gets produced domestically within trading blocs. It will mean higher commodity prices and inflation. More domestic production, and less on just in time, and there are companies that can benefit from that.
WATCH
NVDA vs. AMD He doesn't know which will be the winner. Both will continue to be strong, as there's lots of retooling and restructuring to come in IT. The sector has been very strong, but is under pressure. Taiwan is a big producer of chips, and he's concerned about China invading, though not soon. Both companies are in quite secular businesses.
computer softwareprocessing
WATCH
AMD vs. NVDA He doesn't know which will be the winner. Both will continue to be strong, as there's lots of retooling and restructuring to come in IT. The sector has been very strong, but is under pressure. Taiwan is a big producer of chips, and he's concerned about China invading, though not soon. Both companies are in quite secular businesses.
electricalelectronic
BUY
TRP vs. ENB TRP has been under pressure about the dividend. If energy prices remain this high, then it's probably sustainable. Both are a good play right now. He prefers companies with ability to grow dividends. Energy level will continue to be high, as long as sanctions are in place and that will be for a while. TFSA is a good place to own this. Federal budget next week will probably affect the investment sector, but he can't predict how.
oilgas pipelines
BUY
ENB vs. TRP TRP has been under pressure about the dividend. If energy prices remain this high, then it's probably sustainable. Both are a good play right now. He prefers companies with ability to grow dividends. Energy level will continue to be high, as long as sanctions are in place and that will be for a while. TFSA is a good place to own this. Federal budget next week will probably affect the investment sector, but he can't predict how.
oilgas pipelines
BUY
Looking better than most of the rest. Coming off a bounce. Banking sector should, after a blip, benefit from rising rates. Investor were worried about banks' exposure to energy, but now with higher prices, of course, they're fine with it.
Brendan CaldwellOwned
banks
BUY
V vs. MA In the short term, both will benefit from world travelling. A big portion of their money comes from foreign exchange. Post-Covid stocks. Long term, there's room for both plus newer technologies like PYPL. Newer tech has a tendency to replace the old. A generation from now, there may be secular change from blockchain, but that's not for a while.
other services
BUY
MA vs. V In the short term, both will benefit from world travelling. A big portion of their money comes from foreign exchange. Post-Covid stocks. Long term, there's room for both plus newer technologies like PYPL. Newer tech has a tendency to replace the old. A generation from now, there may be secular change from blockchain, but that's not for a while.
other services
PAST TOP PICK
(A Top Pick Dec 21/21, Down 8.25%) Still really likes it. Military, police, first responders. They make the communications equipment you need when things get serious and have to work. Infrastructure spending should benefit them. Room for volume growth and margin expansion.
Brendan CaldwellOwned
communicationsmedia
PAST TOP PICK
(A Top Pick Dec 21/21, Up 0.66%) Hasn't dipped as much as the US market this year. Consumer products are going to be a great place to be in. Inflationary environment will continue, giving them pricing power. Margin expansion on the pricing side, rather than just the cost-cutting side.
Brendan CaldwellOwned
0
HOLD
The sector is doing very well. Short term, it will react to news good and bad. Going forward, demand should increase. Sector will continue to grow. Lid on pricing has come off. Will see continued strength.
Brendan CaldwellOwned
agriculture
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