BUY

Doing well with their Asian (Hong Kong) operations. Results have been positive recently while improving bond yields helps them. Short-term prospects are good.

DON'T BUY

Is still dealing with class-action lawsuits. Doesn't see the end of the tunnel. Is a complex problem involving many US states.

BUY ON WEAKNESS

It's been a painful year, but it's a long-term hold. Infrastructure trends will remain positive. Has solid fundamentals globally and is starting to see a little pick-up in investor tone. He's been adding to this in the last 4 months. Is a positive story 5-10 years.

COMMENT
healthcare outlook

You need exposure to this defensive sector if the economy weakens, which seems to be happening. But pick your stocks wisely. He prefers AI over obesity stocks, and own a diversity, not one.

COMMENT
bonds if you have medium risk tolerance

The 60/40 portfolio never died, and those with conservative risk tolerance should embrace bonds. Pick the sectors in line with your tolerance.

PAST TOP PICK
(A Top Pick Dec 06/22, Up 46%)

OTEX were embracing AI before the AI explosion in Q2 this year. This was trading at great valuations in 2022, a rough year for tech. Will continue to lead in Canada in 2024.

PAST TOP PICK

(A Top Pick Dec 06/22, Up 42%)

He knew going into 2023 that there would be an explosion boom given more immigration and the housing shortage. He owns CAP REIT too. This trend continues into 2024 unless supply-demand change, which will be slow to happen.

PAST TOP PICK
(A Top Pick Dec 06/22, Down 37%)

NPI has great fundamentals and projects, but has disappointed. Interest rates weighed on these stocks, but there were concerns of developing wind projects off Taiwan given threats from China. These projects take a long time and money to build, so it's for the long haul. Should do better in 2024 as rates will decline. Will hold on.

BUY ON WEAKNESS

Has gone sideways as it consolidates. Been challenged in western Canada because oil prices are down, but will rise in 2024. MTL still has great funda mentals.

BUY

The outlook for utilities will improve as interest rates decline. They continue to raise their dividend, and they have a good track record.

BUY

It's had a challenging year, but offers solid fundamentals and free cash flow. Pays a high dividend above 7%. ENB will pick up pace in 2024.

BUY

A solid name. Well-run company and position properly for growth in copper prices that he expects next year.

BUY

It's getting into battery production itself, not just supplying the rare earths for it. They're positioned well. They plan to boost capacity by 50% over 4 years. A good alternative to Chinese suppliers.

BUY ON WEAKNESS

He took profits earlier this year when shares got frothy, but still likes it. He expects higher copper prices. Is looking for a better entry point.

DON'T BUY

It's been flat even as the market has rallied. Is pent-up travel over? The economy is slowing down faster in Canada than the US, so it will impact travel. The only positive are lower fuel prices. The travel boom is not over, but a lot of it has.