BUY
Names for industrial exposure? Look to names such as WCN, CP, or CNR. All 3 of these names have good long-term economic moats, generate free cashflow, fairly high quality, can see earnings growth over time, and have sold off with the broader market.
Unknown
WAIT
Signals for re-entry? Tech has been under a great deal of pressure, especially those companies that have negative earnings. Down significantly. Technical signals include whether it's starting to outperform the broader market. Is more money flowing into things like tech and discretionary? Fundamentals and financials are challenged. Longer term, still a great growth stock. Into 2023, starts to look more positive.
0
HOLD
He trimmed a couple of months ago. Amazing business. Great financial profile. Earnings and cashflow will continue to grow significantly. If next quarter's numbers and guidance are still good, it should bottom around here and be a good investment for the second half of 2022.
agriculture
PAST TOP PICK
(A Top Pick Apr 08/22, Up 8%) Best nat gas name in Canada. Production will grow about 10% this year. Net cash on balance sheet. Huge amount of cashflow at these prices. Special dividends, buybacks. Core holding. Run very well. Good medium- to long-term investment.
oil / gas
PAST TOP PICK
(A Top Pick Apr 08/22, Down 4%) Down, but still outperforming the broader TSX. Pressure on growth REITs. Still an excellent business. Couple of acquisitions. Aims to double business by 2025. He'd be a buyer here.
0
PAST TOP PICK
(A Top Pick Apr 08/22, Down 13%) Disappointing. Concerns on slowdown of the economy. 40% of revenue comes from maintenance and support, so it's less cyclical than others. Still likes its fundamentals. Good backlog. Should benefit from government infrastructure spend during a slowdown.
machinery
HOLD
Has done fairly well compared to BCE and Telus. He expects the Shaw deal to go through. Usually there's back and forth between the company and the regulators. He owns Telus instead.
Cable