DON'T BUY

Tesla was upgraded today with 60% upside based on their new supercomputer, Dojo: Has been very volatile the past year, so manage your risk and position accordingly. Don't get intoxicated by the extreme price moves up. The upgrade is based on the success of self-driving cars and taxis, but we've heard this before and we don't see that trend today.

BUY

Revenue is starting to increase, plus positive momentum.

PARTIAL BUY

They report later this week. Web traffic has been strong. Firefly should be positive. Beware that high hopes are already baked into shares.

COMMENT

He thinks the Fed should hike rates by another 1/2 % so the economy could reach a 2% level of inflation. There is a small window to push inflation down which will help the economy in the long run. Interest rates may stay higher for longer than optimists are thinking.

COMMENT

It is in the field of asset management and manages $164 billion in assets. It has grown by acquisition in the last while but the stock price is too low now for them to use it as currency for more acquisitions. It needs to be bigger in this type of business and there are better places to be.

BUY

Banks are relatively cheap. There are big changes at the executive level and it wants to grow internationally. Very good dividend of 6.6%. It is fine to buy at this level for the longer term.

BUY

It is a consulting firm with great free cash flow. It executes well and has grown rapidly over the last while.

BUY

It is in the insurance business, has made good acquisitions, and executes well.

TRADE

It has executed very well over the long run and works on cost structures. There could be another special dividend. It has lots of real estate and wants spin off a REIT. However a lot of their properties are not in the greatest areas so the REIT may not do as well as others. You could buy on the pullback and wait for a pop when/if the REIT is spun out. 

HOLD

It is a great company and has been very innovative. It sold off many assets during 2008, is well run, and should continue well. It is primarily a retail and commercial bank. There are other opportunities in Europe but don't sell this one.

COMMENT

It has a good presence in Quebec. They are interested in selling but he doesn't see who would buy them.

PAST TOP PICK
(A Top Pick Oct 17/22, Up 36%)

It has a dominant position in the search business. Has a great balance sheet with $50 billion in free cash flow each year. It has 30% of all digital advertising which is a 400 billion dollar business. Trades at 19X earnings with great growth opportunities. There is an anti-trust action against Google but they will learn from Microsoft's experience and not be so aggressive.

PAST TOP PICK
(A Top Pick Oct 17/22, Up 24%)

It is in the animal heath care business with two divisions: livestock and pet care which is the biggest division with lots of growth. Insurance is not very involved in the pet care business, so is not as powerful a component. Also drugs for animals generally get faster approval. Buy now on this pullback.

PAST TOP PICK
(A Top Pick Oct 17/22, Up 24%)

It is involved in property management and franchise divisions. It is one of the largest players in the property management side and is also large in the U.S. It can grow by acquisitions and is good at integrating them.

COMMENT

The question was whether it can replicate Couche-Tard's business. The answer was maybe but it would take a long time. He owns Couche-Tard which is very well run and has made good acquisitions.