BUY ON WEAKNESS

They've bought back 16% of shares so far this year. Surprising. Other streamers have broken the bank to produce content, but not Fox which has one of the best balance sheets in this sector. It helps that they sold the bulk of the business to Disney (and many feel DIS paid too much). Are currently weighed down by a defamation lawsuit, but management is using this share weakness to buyback shares. Has this strategy worked? Well, shares are 4.7% this year, but it still lags Warner Bros and Comcast. It lacks growth, but shares are cheap. Not his favourite in this space.

BUY

Shares outpace peers Valero and Phillips 66 because they have bought back more shares this year, at 14.7%. If the price of oil declines, refiners like MRO will do well, because the gas price never falls as fast as oil, and so the wider the spread the more money the refiners make.

DON'T BUY

They bought back 13.2% of shares this year. That's good, but STT lost market share to Blackrock in ETFs and that's not good. The lesson: big share buybacks doesn't alone mean a stock is a buy. The underlying business has to be sound too.

DON'T BUY

They reported great numbers, but a lot of their business is tired to the industrial sector which many predict will weaken if the economy weakens.

BUY ON WEAKNESS

Shares pulled back hard last week after a mixed quarter, which he felt was okay. Earnings beat, but revenues were light. Also they bought back 1.3 million shares last quarter.

DON'T BUY

The dollar stores have reported disappointing numbers recently, triggering a long sell-off.

DON'T BUY

Fintechs are out of fashion, especially those involved in employment. These stocks aren't working now.

DON'T BUY

Too speculative and it's losing money.

HOLD

Overall, a good company and it pays a 5% yield.

COMMENT

Oil's steady move up could affect the Fed's decision on rates this Wednesday. Diesel prices have gone way up and refineries may move more into diesel production and away from gasoline production. This will drive gasoline prices up even more, so therefore more inflation. This then leads to less disposable income for discretionary spending and creates a more dismal view for investors looking ahead to 2024.

BUY

He has added more with the pullback. It has exposure to other fertilizers besides potash. Headwinds from the springtime are lessening and fertilizer demand is good for the long term.

BUY

There has been a big pullback. It has great offshore properties as well as onshore. Headwinds caused by high interest rates should lessen.

WAIT

There has been some cooling off in the tech sector and maybe more to come. However there is long term growth which comes from the semi-conductor sector. Since the sector is overheated wait for a better opportunity before buying.

Unspecified

It's a bit pricey but he likes it. Online shopping will continue to grow and SHOP is a mainstay for Canada.

Unspecified

It leases tower space to cell phone providers. It has had good results and is well positioned and cheap. It does have exposure to dish and the dish network has been in decline.