BUY on WEAKNESS
In this environment, the Canadian banks will probably come down a bit. We have a monopoly structure here in Canada. Be opportunistic when you deploy capital. This one's fine. Buy on the next weakness, and you should be fine. But beware that there could be more downside.
banks
BUY on WEAKNESS
Canadian banks. In this environment, the Canadian banks will probably come down a bit. In 2008, the banks were down by 50%. Be opportunistic when you deploy capital. TD has some hair on it. Pick one of the big 5, buy on the next weakness, and you should be fine. We have a monopoly structure here in Canada. But beware that there could be more downside.
Unknown
WAIT
Post-Covid activity of going out and being social is somewhat negative for online shopping. Great company, valuation still too rich. Don't look at China for the proxy trade, as the political risk is high. Higher interest rates are negative for tech.
specialty stores
WAIT
Time to jump into tech? FAANGs have come under pressure. Post-Covid activity of going out and being social is somewhat negative for online shopping. Don't look at China for the proxy trade, as the political risk is high. Higher interest rates are negative for tech. You just want to wait a bit.
Unknown
WAIT
Ad-driven. If companies have to lay off people due to higher interest rates, they'll be much more strategic in how they advertise. Great company. Be careful at these levels. Wait to see if there are higher unemployment levels and how these impact the business. Ton of cash.
Business Services
COMMENT
Defense portion is about 48% of the business. In the space, NOC and LMT tend to be cheaper. European peers have had huge runs.
Defense
COMMENT
Commodities trading. If you hold them, you can trim them at the top, and add to them at the bottom. This strategy can be a good source of cash.
Unknown