Latest Stock Buy or Sell? Make More Informed Decisions!

ARE provides construction and infrastructure development services to private and public sector. Nuclear power certainly does seem like it is a growing part of the business, now at 19% of construction revenues over the last twelve months. Recent second quarter financials were not good, however, the stock jumped as ARE announced a 5% buyback and numerous analysts upgraded their ratings on the expectations that the "worst is likely behind." ARE does have a large backlog at $6.19 billion, and its balance sheet is net cash positive. It is still quite cheap at 15x forward earnings despite being up 89% over the last year and paying a 3.7% yield. If revenue and earnings growth begin to recover in the second half of 2024, the stock could be interesting at this valuation and yield. 
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ARG is a small company with extreme leverage to copper. The stock is up big over the last year by nearly 53% and it pays a high yield at 6.7%. Recent quarterly results were very strong driven by copper price strength and cost management. The balance sheet is net cash positive which we like. There is some volatility around earnings and we will note that the dividend was stopped for eight years (2013 to 21). We consider it OK for copper exposure due to the sector and small cap risks. 
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Investing in Dollar Stores

While dollar stores are not the most exciting equity investment, in both the Canadian and US markets, they have a strong history of generating returns. They operate as consumer staples businesses typically seen as ‘defensive’ investments. A defensive investment is one that should have consistent earnings and revenue growth irrespective of the market conditions. During times of recessions and high inflationary periods, these investments tend to perform well compared to higher growth stocks. Given the economic landscape in both US and Canadian markets, investing in dollar stores has made plenty of sense recently. Recessionary fears and inflation have both been high, prompting greater attention to dollar stores. Investors have been hoping for increased growth amidst potential economic uncertainty from these discount retailers.

Outlook on Dollarama (DOL)

The weakness in two comparable companies may sound some alarm bells for DOL, but we would not be so worried. While DOL, DG, and DLTR are all discount retailers, competitive positioning is the key factor here. DOL is almost a monopoly in the Canadian market for discount retailers while DG and DLTR’s primary market in the United States is much more saturated. DOL has not reported any significant consumer slowdown affecting them and same-store sales-growth was 4.5% in recent quarterly results. DOL is also expanding into Mexico which is further aiding its growth.
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He wouldn't be surprised if this pulled back after rallying 13% in the quarter. There's some excess. But this company is proving itself; its revenue growth is exceeding peers, namely Alphabet at 15% vs. Meta's 27%. This justifies Meta's richer valuation. Lean into any price correction.

You can't judge Apple on how many iPhone 16s they sell. Rather, look at the evolution of Apple Intelligence as a software product that will be delivered on their phones over time. They will succeed. But you have to wait. Meanwhile, Apple is aggressively buying back shares, something they always do as you wait.

They recently made an all-time high and the CEO is doing a fantastic job. Apollo snagged $5 billion from BNP to expand a private credit facility. The CEO targets $250-300 billion in volume packaging his loans in mortgages and cars into this facility. 

It's missed earnings 3 times this year, but the shares have recovered each time. They can't establish any fundamental or technical momentum, and difficult comps lie ahead. 

Strong organic growth and operating margins, and exceeded high expectations. They did a 4-for-1 split a few weeks ago that will attract new investors.

She trimmed Abobe, because her position was large. The stock came down then up. There are questions about whether AI will disrupt it.

She just bought it. The stock has had a nice move, just starting to recover, and falling interest rates will help construction companies.

Utilities have been doing great, and people need more cell towers.

They can beat earnings when they report tomorrow. The industry has been hurt because the price of used cars was getting so high, but has been coming down the last two quarters. The industry will start to accelerate in volumes.

They did a small tuck-in acquisition. The stock is trending higher, now at its 200-day moving average, a good sign. If it breaks that, it sells at 20x PE, a discount to the market. Revenues will pick up.

His largest holding. It will take years before anything comes out of this anti-trust suit, so he's not worried. The feds won't force the company to break up. He's comfortable holding it. They own internet search and have a solid balance sheet. A great performer over time with predictable earnings growth. There are high barriers to compete in search. He's used Perplexity and finds it okay, but their market share in search is small.

Google is growing 15% quarter-to-quarter vs. Apple not growing, and a 20x PE vs. 30X. Apple is overpriced.