COMMENT
Where's gold going? He's as shocked as anyone that gold's not doing well in an inflationary environment. Shows how hard it is to predict which sectors will do well. He'd be interested in some of the royalty streamers like FNV, as there's less risk. He has no views on the direction of gold.
WATCH
He's as shocked as anyone that gold's not doing well in an inflationary environment. Shows how hard it is to predict which sectors will do well. He'd be interested in some of the royalty streamers like FNV, as there's less risk.
COMMENT
If stagflation, own high tech growth vs. value? His comfort level is to own companies that generate profits, deliver cashflows. He can't predict which will be the next AMZN or SHOP. And when the bloom comes off, you see how badly they do. He focuses on companies and businesses, not labels. His job is to buy profitable companies that will generate the most money for his clients over the long run. He doesn't know what's going to happen in the next month or beyond, so he doesn't sell in a panic. What goes down could easily pop right back up, if it's a strong business.
BUY
Look at the newsletters of retired fund manager Nick Sleep. These guys know what they're doing. Unlimited amounts of growth. He'd break the 7-8% portfolio rule for this one. More acquisitions, more spinoffs, incredible business model.
COMMENT
Averaging down. He's happy to buy businesses on sale. When good companies pull back, put your money to work.
DON'T BUY
Restrictions on nitrogen in Europe would be good for NTR's business. Necessary. Potash seems to be the least of all environmental evils. He can't predict how the price of fertilizer will move. Doesn't fit his mandate.
TOP PICK
Same price as during Covid, which makes no sense. Should report strong results. Upcoming pass sales seem strong. All systems go. Acquires any mountains for sale. Strong management. Lots of free cash. High-end clientele insulated from inflation. Yield is 3.47%. (Analysts’ price target is $294.30)
TOP PICK
Long-life, predictable assets. Some contracts are fixed, but some change with inflation. Nice stream of rising revenues, high margin business. Data usage is increasing, 5G is a benefit. Has raised dividend every quarter for many years. Yield is 2.24%. (Analysts’ price target is $287.89)
TOP PICK
Valuation 24-25x next year's earnings. One of the top businesses in the world. Ad provider for NFLX. You can't run your life without its products. It's only going to grow from here. Brilliant CEO. Yield is 0.95%. (Analysts’ price target is $347.87)
DON'T BUY
It reported after the bell today. Not a good report and shares got hammered after hours. The lesson: wait until a company reports, or else you're rolling the dice.
BUY
Reported a surprisingly strong quarter by beating revenues and all divisions are doing well, especially trading. Is a cheap stock and pays a great yield. (He used to work here.)
COMMENT
Reported a very good quarter today, but the market yawned. The stock deserved more love.
BUY
It reports Tuesday a transitional quarter. JNJ is breaking into a slower-growth consumer products business, and a higher-growth pharma and medical device division. He expects good numbers even in the interim now.
BUY
It reports Tuesday. The stock is getting crushed, even though earnings are oil are soaring. It's time to reassess this. A fine stock to hold for years.
COMMENT
It reports Tuesday. It should be peaking, because the west is re-arming, but these shares peaked 70 points while ago. Maybe it can rebound.