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TOP PICK
Has owned this for a long time. US bank stocks have been hit. They are the largest wealth manager in the US, a stable business, and less focused on banking now. It trades at only 10x PE and pays a 3.8% dividend yield with growth. Expect more share buybacks. They will benefit from the yield curve. (Analysts’ price target is $103.90)
investment companies / funds
TOP PICK
Folks like Bill Ackman dumped their Berkshire shares, because they felt that Warren Buffett should've bought Amazon and was holding too much cash. However, 20% of their holdings is Apple. They have $100 billion in cash. This is Berkshire's moment--an opportunity to finally deploy a chunk of that cash. This is a value play. Buffet and Munger have a succession plan in place. This offers a lot of wealth creation in coming years at low risk. (Analysts’ price target is $369.00)
insurance
COMMENT
Buy preferred shares? Many investors don't understand preferreds, because the dividend rate is reset every 5 years or called away by the issuer. When interest rates declined, preferreds trading down sharply. If you buy one, you risk the rate being cut. If we have a recession, rates certainly will. Instead, buy 5-year corporate bonds yielding over 4%, which he recommends for someone like a senior who seeks income, rather than preferreds. Safer.
Unknown
COMMENT
Apple vs. BCE for income Certainly, BCE generates income (he owns it), despite minimal revenue growth, though it's well-run. 5G may give it a bump. Pays a super yield. You don't buy Apple for income (the yield is low), but rather it's a growth company. The two stocks are yin-and-yang, but offer good diversity in a portfolio.
electrical / electronic
BUY
Apple vs. BCE for income Certainly, BCE generates income (he owns it), despite minimal revenue growth, though it's well-run. 5G may give it a bump. Pays a super yield. You don't buy Apple for income (the yield is low), but rather it's a growth company. The two stocks are yin-and-yang, but offer good diversity in a portfolio.
telephone utilities
DON'T BUY
Las Vegas Syndrome happens when you hold onto a stock that's fallen, but would rather hold onto it, hoping for a rebound, instead of selling it. Will you be better off holding this or selling it in 10 years' time? GE remains a mess of low-growth, cyclical businesses. There are many other better businesses.
electrical / electronic
DON'T BUY
The entire drug sector hasn't been investable since the 1990s, because governments control drug prices and patent expiries. Pfizer is struggling to replace drugs coming off patent, like their cholesterol drug. It's really tough. It's a defensive sector, so the drug companies will hold up better and offer dividend growth.
biotechnology / pharmaceutical