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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.
investment companies / funds
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.
banks
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.
Unknown
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.
Oil and Gas (Integrated Oils)
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.
agriculture
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.
banks
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.
other services