BUY
High-dividend ETF, with a low MER.

Canadian based. Basket of high-dividend-paying names. Lots of banks, SU, ENB, and so on. An ETF like this might actually have more leverage in the falling interest-rate environment that we're in now.

BUY
High-dividend ETF, with a low MER.

For US names. VIG is in USD, VGG uses CAD. Names like AAPL, AVGO, JPM, MSFT and so on. More of a tilt of rising dividends, especially important when interest rates are rising.

BUY
High-dividend ETF, with a low MER.

For US names. VIG is in USD, VGG uses CAD. Names like AAPL, AVGO, JPM, MSFT and so on. More of a tilt of rising dividends, especially important when interest rates are rising.

BUY

Higher-dividend names, but not necessarily dividend-appreciation names. An ETF like this might actually have more leverage in the falling interest-rate environment that we're in now.

WEAK BUY

So far this year, this one has outperformed the ZUT (not covered call). When there's a flat or tepid market, covered call strategy will give you better returns. Yield of ~7.3% remains pretty solid. Combination of dividends and deferred capital gains, so it's quite tax efficient.

Utilities remain kind of boring. Decent strategy if you need the income, but he's looking for more growth and capital appreciation.

WAIT

Growth continues very strong. Great to buy closer to the 200-day MA, which is around $90. Chart is showing a series of lower highs, peaking out in June. Is it just becoming another mainstream name? It's not really a contrarian name at this point.

DON'T BUY

Outlook continues to be negative, underwhelming. On the technicals, stock price is well below the 200-day MA. And 200-day MA is trending lower. He wouldn't buy a name below the 200-day by that margin. Give it some time, look for basing.

Near-term outlook for earnings growth is quite weak, below 5%. Not great for a stock trading at 25-26x earnings.

DON'T BUY

On technicals, 200-day MA continues to trend lower, and the stock price is below that. Airlines in general have high debt levels, economic risk, sensitivity to the consumer, fuel price volatility.

He'd rather own a BKNG or EXPE, where there are no capital costs. Or even a cruise line, which has demographics behind it.

WEAK BUY

Airlines in general have high debt levels, economic risk, sensitivity to the consumer, fuel price volatility. In the travel space, he'd rather own a BKNG or EXPE, where there are no capital costs. Or even a cruise line, which has demographics behind it.

WEAK BUY

Airlines in general have high debt levels, economic risk, sensitivity to the consumer, fuel price volatility. In the travel space, he'd rather own a BKNG or EXPE, where there are no capital costs. Or even a cruise line, which has demographics behind it.

HOLD

Most important thing to know about semiconductor stocks, AI, and technology: it's exciting at the time, but there are going to be cyclical downturns. So there's going to be a pullback in capital expenditures in the space. Hard to tell when that's going to happen.

Pretty strong chart, with stock price well above the 200-day MA. Higher highs and higher lows. Not overly expensive compared to a lot of tech names out there. Trades around 27-28x earnings, 16-17% growth rate. Forward price to sales is up there at 13x. PEG ratio is 2x. 

Need to be very selective in which names you want to own. There are some tech names trading at a PEG of 1x. Starting to see divergence in valuation. We're getting later in the game to be overly exuberant about technology because earnings are now broadening out beyond tech.

DON'T BUY

Never owned. Stock's recently lifted above 200-day MA, but that's been coming down quite dramatically. Negative earnings going forward, until at least 2033. Stay away. Wouldn't even try it as a flyer.

PARTIAL SELL

One of the favourite names in his portfolio, one of his favourite places to go. Fantastic technicals with higher highs and higher lows. Valuation of 53x forward PE is up there, premium for a premium name in its own space. He's trimmed. 10-12% earnings growth rate, which sounds expensive but it has no real competitors, not even WMT.

TOP PICK

Down to 200-day MA, down 15-20% from highs. Still unrivalled global leader in Search and digital advertising, commanding 90% of global market share. Digital ads are 75% of overall revenue, and continues to grow. Its cloud is third after AMZN and MSFT, but it's a growing market. YouTube's doing well. Yield is 0.5%.

Hardware sales diversify the revenue stream. Trades at 1.2x PEG, with 15+% earnings growth projection. Regulatory risk has always been there, hard to tell if it's intensifying. Might be, but it is diversifying and the name is still an opportunity given its valuation and pullback.

(Analysts’ price target is $204.94)
TOP PICK

Always trying to get it cheaper on a selloff day. No major competition to it in Canada. 1500 locations, wants to grow to 2000 by 2031. Very consistent revenue growth, as is profitability. Very resilient business model in any economic environment. Yield is 0.3%.

Uncertain economic environment means more consumers are being more cost-conscious. Foot traffic and sales volumes are strong. He projects 15% earnings growth rate going forward.

(Analysts’ price target is $141.92)