BUY
Outlook for uranium is positive. He'd look at the Sprott U.UN, which is a direct play on uranium prices, rather than the producers.
BUY
Caveat is we're getting late in the cycle. He's buying these names for the next year, not 5-10 years. Great cashflow. Accretive acquisition. Strong name, strong management.
HOLD
Great operator. Spinning off a lot of cash. Always a good balance sheet. Levered to nat gas. Most Canadian companies can't benefit from the price increase in Europe, as we can't get to market. No long-term fundamental shortage of gas in Canada, and this is problematic.
HOLD
Underwater. Hold or sell? Hold on. Market's worried about the major expansion just as costs are rising and the economy is slowing. Growth looks intact. Ongoing trend to deliver packages. Major DHL contract.
HOLD
Hard to argue with the valuation. Disappointing stock. There are worries about growth in Asia and impact of Hong Kong. Core earnings are growing. Capital ratios are in good shape. Higher rates will help investments. Cheap stock, decent yield, outlook is fine. Hang on.
COMMENT
Lifecos vs. banks. Different businesses. Lifecos are better insulated and more defensive in a downturn. Loan losses are less of an issue. Light on financials in general. He's comfortable with the valuation of lifecos.
HOLD
Dividend secure? Likes the pipelines. He'd rank them: ENB, TRP, PPL, and then KEY. Dividend yields are all attractive, and he wouldn't worry about any cuts in the current environment. Good valuation. Still has core growth. Safe place.
COMMENT
Pipelines. Likes them. He'd rank them: ENB, TRP, PPL, and then KEY. Dividend yields are all attractive, and he wouldn't worry about any cuts in the current environment. Good valuations. Safe place.
BUY
Revenues are growing. Last week's numbers show people are coming back to travel. Demand is surging. Airport infrastructure is the issue short-term. Terrific job in the downturn of solidifying the balance sheet. Down 75% from its peak, valuation well positioned.
DON'T BUY
Very volatile. History has shown that once a Canadian stock gets ahead of RY in terms of market cap, best to sell, as it's going to nosedive. Costs have risen, sales growth slowing, not that cheap, earnings have come down. Other tech names are more attractive. Not sure if you want to get back into pandemic winner stocks. Play the valuation story instead.
TOP PICK
You don't want to be without tech stocks, despite risks. Trading at less than market multiple, huge cash on balance sheet, dominant position. The one to own. Online advertising not impacted as much as feared. #3 player in cloud. Owns Android OS. Well diversified. Great story, decent valuation, a legacy long-term stock. No dividend. (Analysts’ price target is $143.00)
TOP PICK
Low valuation at 7x this year's earnings, so the risk isn't there. Will do a great job of migrating to EVs. Customer recognition of big brands. No dividend. (Analysts’ price target is $51.41)
TOP PICK
Headwinds of rising interest rates and strong USD this past year. Compressed valuation. Go-to name in the sector. No geopolitical risk. Merger added value. Decent profile going forward. USD should come off its peaks, and this should be good for gold and commodities. Yield is 3.68%. (Analysts’ price target is $83.73)
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TOP PICK
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