Too early to tell if the AI search engine will be accretive. But shares have risen above the 200-day moving average, but is expensive at 9x forward sales (tech is 5.5x). MSFT is one of the few tech stocks he owns. A leader in cloud. Careful adding to this and tech as a whole.
Still likes this value play. Outperforming the TSX since last May. Higher rates is a tailwind for insurers. Is reducing exposure to riskier long-term care insurance and variable annuities while and increasing exposure to Asia (55% of their revenues). China is exiting Covid and its middle class is growing. Pays a 5% dividend and trading at a cheap 1x price to book.
Just reported their highest-ever profit of under $40 billion. Pays a 3.5% dividend that should grow 8-10% annually in share buybacks. Shares have been outperforming the MSCI world since late 2020. Oil demand continues to outstrip supply. Announced share buybacks and a dividend hike.
An offshoot of VIG (US dollar version). Holds a basket of rising dividends over the past 10 years, like JNJ and Visa. Important to invest in rising, not static dividends as interest rates rise. Pays a 2.2% dividend yield. This remains good. For more growth though lower dividends, look at VVL. Consider taxation in a non-registered account.
He took profits. They report on Feb. 22. Good that this stock rose above its 200-day moving average. It's getting caught up in the current AI crazy. Long-term this is good, but is trading at a high PE both current and forward at 20x-22x. Their chips are in gaming and data centres, which are good. Prefers other sectors from semis.
He likes XHU-T, VDY-T and XEI-T, which he owns. All include financials and pipelines.