Today, Jeff Parent B. Eng. FCSI CIM commented about whether MWA-N, MSFT-Q, ALA-T, CFP-T, RBA-N, FCX-N, BHP-N, NVDA-Q, ENB-T, AC-T, DIS-N, GEI-T, CCL-N, TMF-N, T-T, BMO-T, BBD.B-T, TRMB-Q, CNQ-T, AP.UN-T, NVDA-Q, MU-Q, BCE-T, INTC-Q are stocks to buy or sell.
He has a personal position but not a client one. It follows the bond price movement. Interest rates are expected to go down and therefore bond prices to go up. Bonds can't go bankrupt but their upside is limited. They are tied to interest rates and can be used as a hedge.
He bought this at $10 so has made good money. Expects it to go to $20. It has taken on a lot of debt so managing it is important. The chart shows a bottom and now turning up although it is volatile. The 5 year chart shows the price still hasn't recovered from pre-Covid. No dividend.
It has shown a reversal pattern after multi-year declines. It has pulled back from its recent high and is beginning a new upward trend with a lot of buying coming in, so is a buying opportunity.