PARTIAL SELL
Sell this to buy Microsoft?

No, don't, though MSFT has had a very good run. In general, if feel that a stock has run too far, taking some money off the table is never a bad idea. You will pay some tax, though, but will de-risk your portfolio. Trim, don't sell.

PARTIAL BUY

He's done very well with him. There's more obesity after Covid, and NVO is the leader in these weight-loss drugs. You want to be exposed to this space, but occasionally drug stocks suffer a big correction on news. But the stock is very expensive. Likes it. 

BUY ON WEAKNESS

Very good company. He likes this space which is on a cyclical upswing. A concern is the US chips act against China. Likes ASML, but on a pullback.

PAST TOP PICK
(A Top Pick Apr 28/23, Up 9%)

Gives exposure to AI. You get dividend increases and share buybacks. The current sell-off is due to the global outlook of corporate IT spend. Buy on dips, like now. He likes it long term.

PAST TOP PICK
(A Top Pick Apr 28/23, Up 16%)

They just reported a monster return. It's an AI play in that they produce phones and other electronics that need AI. They lag TSCM, though. Shares are on sale now and worth a look. Will benefit from the general uplift in semis sales.

PAST TOP PICK

(A Top Pick Apr 28/23, Up 4%)

The Canadian banks reflect the growing weakness of the Canadian consumer. Also, TD has issues with US regulators about money-laundering allegations. Eventually, TD will pay a fine and move on. TD is one of the top Canadian banks. Buy on weakness, but shares could be flat for 12-18 months. He likes it though.

DON'T BUY

All these utilities thrive when interest rates are low, but suffer when rates rise, and now rates are high. Eventually, these stocks will rise when rates come down, but he wouldn't touch this sector. Their business model is not sustainable and needs adjustment.

DON'T BUY

he avoids all Chinese stocks because of regulatory risk, interference from Beijing who could change the rules anytime. Policy flip-flops. Even buying a Chinese stock on an American exchange risks that stock being delisted,.

BUY

He likes European and US financials. SAN is solid and well-run, managing risks well.

BUY ON WEAKNESS

A long-term winner. They dominate the luxury space. Will their growth slow, is the only caveat.

WEAK BUY

Tesla's success has drawn all the money out of this space. He expects high-density countries to adopt EVs more than North America which has more geography and space, so Ford will continue to do well. Has reasonable value here, but beware of a value trap.

COMMENT

It did very well during Covid, but post-Covid logistics companies are giving back ground. It will be bumpy, but you will be fine with this long term.

BUY

They report after the bell. He doesn't trade into the call. It's a good company with a good offering. Worth owning.

DON'T BUY

Their airline business is doing well. All capital goods companies fall into periods where they stagnate and need to buy a company and/or make new products.

TOP PICK

This business is very out of favour, despite transitioning to vapes. It pays a sustainable 10% dividend and are buying back shares. Even if shares don't move over 10 years, you will get 100% of your money back.

(Analysts’ price target is $41.33)