HOLD
Doing something that many companies are not able to do, which is to pass on higher costs. Still have to be careful where the economy is going, possible deceleration, and how much you want to have in the industrial/transport space. Company is predicting profit will rise 15-20% this year, but in the current climate, hard to see if they'll meet those expectations.
Transportation
COMMENT
Market environment. Interest rates are rising and inflation still running hot. Central banks are looking to rein inflation in at almost any cost, almost trading away growth to do it. A challenging environment for many companies.
Unknown
COMMENT
Market strategy. Nice relief rally of the S&P 500, up about 9% from the mid-June lows. He gets asked every day if we've hit a bottom. Difficult to ascertain the bottom during a bear market or correction. Possible we've already marked the bottom, or we could be closer to the bottom than many expect. This bear market is 7 months old, getting long in the tooth. The last 8 bear markets have ended within 6 months. Seeing a bit of an inflection point on inflation. Gas, commodity, and lumber prices are falling. Housing is already cooling in Canada, expected to cool in the US with fewer starts and lower sales. Central banks are making a tradeoff between growth and inflation. By next year, we'll see a deceleration in the economy, and the central banks will start to lower rates at that point.
Unknown
BUY
Nice dividends, decent growth. Top holdings include ENB, RY, TRP, BCE, TD, PPL. Yields about 5.2%.
E.T.F.'s
COMMENT
ETFs with good dividend and some growth? XEI in Canada. Nice dividends, decent growth. Top holdings include ENB, RY, TRP, BCE, TD, PPL. Yields about 5.2%. In the US, VYM, whose top holdings include JNJ, XOM, JPM, PFE, HD. High quality names, good growth, nice dividend. Yields about 3.3%.
Unknown
BUY
Top holdings include JNJ, XOM, JPM, PFE, HD. High quality names, good growth, nice dividend. Yields about 3.3%.
E.T.F.'s
DON'T BUY
Longer trend has been up and down, more or less flat. 200-day MA has remained pretty steady. Price is below that now. Short-term, hard to stay. Outperforming the S&P 500 over the last year, though it's been underperforming during this latest technical relief rally, probably because it's a value name. Yields about 3%. He owns AIG and a couple of Canadian insurers.
insurance