COMMENT
There will be a pretty bad quarter in their investment banking businesses among the US banks. Rough. Who is buying SPACs anymore and where are the IPOs? He likes the managers of both banks and these shares will be higher in a year.
COMMENT
Believes TSX will continue to outperform market with large weighting in energy & materials. Is tilting portfolio towards value sectors such as financials, energy, materials & healthcare. Doesn't believe a large downturn is in the future for the price of oil. US oil reserve increase won't affect price too much. Would advise investors to stay away from the tech & communication sectors. Thinks further outperform of tech sector is unlikely.
TOP PICK
Continues to think energy space will outperform. 50% of IXC allocated to USA market, with remainder in international/Canada markets. Geopolitical issues will not affect price of oil/natural gas in the long term. Believes capital allocation in energy has improved. Share prices not reflecting value of companies. Rising interest rates are a good thing for energy.
TOP PICK
Global instability with materials (potash, fertilizer etc.) positively affecting business. Largest fertilizer producer in the world. Long term, business is well positioned to supply world with fertilizer and materials. Potash demand will continue to grow in Asian markets. Financials metrics very strong. Recently announced stock buyback. Management instability will not affect business.
TOP PICK
Thinks financial sector is well positioned with rising interest rates. Current share price is presenting buying opportunity. One of the largest banks in the USA. 100% of revenues are derived from USA New leadership that is preforming well. As economy recovers from Covid-19, business will increase. Expects dividend yield to increase along with share buybacks.
PAST TOP PICK
(A Top Pick Apr 07/21, Down 1.69%) Company did not preform well during pandemic with decreased travel. Geopolitical risk (Ukraine) also affecting consumer spending. Revenue is recovering with increased travel after the pandemic. Customers moving away from cash is good for business. Good long term business to own. Will continue to hold.
PAST TOP PICK
(A Top Pick Apr 07/21, Up 23.8%) Company preforming well with rising interest rates. European financial companies presenting value compared to USA/Canadian names. Strong financial metrics. Undervalued share price presenting buying opportunity. Will continue to hold stock and believes stock is good long term hold.
PAST TOP PICK
(A Top Pick Apr 07/21, Down 21.94%) Pandemic and reduced travel very hard on business. Rising fuel costs also affecting business negatively. Believes increasing travel will positively affect business. Travel business will be strong going forward. Continues to hold.
BUY
Pandemic, rising inflation and fuel costs have been hard on business. Travel increasing which is good future revenue. Stock price presenting good buying opportunity. Will continue to hold.
BUY
Believes a good opportunity to buy with share price undervalued. Recent legal problems with resolve themselves. Double digit EPS growth expected. Strong dividend that will rise in the future.
BUY ON WEAKNESS
Does not own stock, but low price on stock could present buying opportunity. Thinks there are other companies in the sector that might be better investment. Growth rate not as strong as competitors.
BUY ON WEAKNESS
As economy recovers from pandemic, demand for travel will increase. Believes company to preform well. Rising oil price a concern for the business. Prefers other companies in the sector (Expedia) that do not have capital costs. Current share price is not a good price to buy at.
COMMENT
Would recommend stock as interest rates increase. Currently trading a good price to buy (geopolitical fear). As economy improves, will be good for business. Good dividend that should increase along with stock buy backs. Good stock to own.
DON'T BUY
Broadly speaking, USA companies not as good investment as Canadian competitors. Divided strong that should increase. Does not see growth in USA telecom space. Rising interest rates will be hard for dividend stocks.
DON'T BUY
Has sold stock out of portfolio. Recently stock has been challenged with poor earnings and financial reports. Large competition in the sector (Apple Pay etc.) High growth/tech stocks are not a good place to be right now.