PAST TOP PICK
(A Top Pick Aug 04/22, Down 7%)

Was trading at 8x and their beat earnings, but shares still went down. The market feels that GM won't transition to EVs without big sacrifices. But GM has a lot of cash flow and is a dominant brand name. They will transition to EVs. Now, there's a car glut, even in EVs. Still owns it, but has disappointed.

PAST TOP PICK
(A Top Pick Aug 04/22, Up 16%)

Disappointing that the USD has weakened, but gold stocks have not risen. Doesn't know when. Gold is out of favour. Cryptos has stolen some of its power. He got out of AEM and owns B2Gold now.

HOLD

Is really cheap at 8s forward PE and 3x operating cash flow. They delivered this year. Their operating margins are rising. He took some shares off the table at $15, worried about consumer spending and growth. Union impact? Doesn't know about direct impact by unions, but watch for impact of unions on the bigger players, like Ford.

DON'T BUY

A good mix of consumer goods and healthcare, but the PE is extended. Prefers to buy Pfizer for its growth and lower PE. He might even roll the dice with Moderna. Or buy the IBB, biotech ETF.

BUY
JNJ question

A good mix of consumer goods and healthcare, but the PE is extended. Prefers to buy Pfizer for its growth and lower PE. He might even roll the dice with Moderna. Or buy the IBB, biotech ETF.

RISKY
JNJ question

A good mix of consumer goods and healthcare, but the PE is extended. Prefers to buy Pfizer for its growth and lower PE. He might even roll the dice with Moderna. Or buy the IBB, biotech ETF.

BUY

He bought then sold it (though missed the peak). Wants to rebuy it. They like their latest acquisition, and they grow by buying, not organically. They migrated well from licensing to cloud services, which will raise their PE over time. Trades at a great 12x PE.

WEAK BUY

There have been a lot of natural disasters this year, but IFC has still absorbed those, because they have strong capital and operating ratios. Still growth and trades at a high PE, though. How will self-driving cars impact insurance. That said, IFC has been a winner, a great growth stock.

BUY

Volatile. Any tech stock with a high PE is. They've been eating Intel's lunch on the desktop and laptop markets. Amazing CEO. A good second place to Nvidia in AI. Data centres hurt their last quarter. He's lightened his position, but likes it long-term. He wants to buy more.

BUY

He's ready to return to this. It's one of the great long-term growth stocks, and it's been punished enough. The only thing investors are looking at is their streaming business. A family would keep Disney+, if they had to cut. They have the content and no one cross-sells better than them. Have done very well with Marvel assets. They also have ESPN. The valuation has fallen a lot. Everyone hates Disney now, but buy it now and you will be pleased down the road.

TOP PICK

He likes telcos, and Rogers offer the most upside in coming years. With the Shaw deal done, Rogers will start paying down debt and strengthen their balance sheet, increase cash flow and raise their dividend eventually. Likes their valuation and growth. The sector is out of favour, so shares are cheap.

(Analysts’ price target is $76.22)
TOP PICK

Pays a 6.5% dividend, 10-11x operating cash flow, decent growth potential. Canadian energy infrastructure offers growth--they have to ship LNG and oil to the US. Environmental issues to contend with are important and will cost a little. 

(Analysts’ price target is $50.03)
TOP PICK

Trades at 8x PE vs. peers at 12x. They mostly beat their last quarter, generate free cash, take more market share and enjoy robust demand for snowmobiles. A caveat is that in a downturn, discretionary costs like this will be cut.

(Analysts’ price target is $138.93)