Latest Stock Buy or Sell? Make More Informed Decisions!
Today, Chris Blumas commented about whether CSH.UN-T, BN-T, GOOG-Q, NVDA-Q, RIO-N, BHP-N, FCX-N, NVDA-Q, TSM-N, INTC-Q, CSU-T, AQN-T, YUMC-N, ATD-T, PTON-Q, CCO-T, ARE-T, BNS-T, WFC-N, BN-T, BAM.A-T, MS-N, TSLA-Q, CTAS-Q are stocks to buy or sell.
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COMMENT
Higher rates and debt. We hear that interest rate hikes are really painful for the consumer. Important not to forget that it's painful for everyone including governments, corporations, and households. US national debt is over 31T, a massive number. Higher rates are so punitive for all parts of society, but it's a short- to medium-term measure designed to tamp down the flames of inflation.
COMMENT
Signs of inflation levelling off? Yes. Challenging part is that the data is month over month. There was a point where inflation really jumped. Yesterday's headline CPI of 7% has come down from 9%. If hikes hold, and the price levels remain stable, you're likely to see monthly headline inflation continue to roll down to 3-4% in the back half of next year. As a consumer you don't really see it, as the prices for everything have jumped significantly. The Fed is trying to halt the price increases so that inflation naturally levels off. That looks to be the case.
DON'T BUY
Good job transitioning since financial crisis to be less cyclical. Strong wealth management platform, traditional capital markets business. Will get hit by economic slowdown. 13x earnings. His preference is in alternative asset management, such as KKR or BAM, as they're in better position to capitalize on market volatility.
investment companies
funds
COMMENT
Banks - US vs. Canadian. His preference now is the Canadian banks. They have better platforms for growth because they can grow into international markets. Valuations are comparable, but Canadian banks pay out more in dividends. Plus, better tax treatment outside an RRSP for the Canadian investor. Look to the US for things you can't get in Canada, and he prefers alternative asset managers over banks for that.
BUY ON WEAKNESS
Dominant player, very well run, phenomenal assets. Good one if you want exposure to the space. Negative reaction to Westinghouse deal, but it gives them another pillar and a stable service side to their business, an operational benefit. Always worried about secondary supply of uranium that keeps a lid on prices. A green energy option. Wait for pullback, prices are very volatile.
integrated mines
