BUY

Golden crosses and death crosses sound good, but he doesn't use them; they're lagging indicators. Next target close to $100, so 20-25% upside. Has price momentum behind it. Recommending to clients.

HOLD

"The longer the base, the bigger the time in space." Investors were patiently clipping coupons, and now there's been an upside breakout. Anyone who bought recently is in the green, and that's really positive. 

His contrarian view is that rates are actually going higher; pause for 6-9 months, but then inflation's coming back. If not interest rate increases, it will at least mean no more cutting. Higher rates are pretty positive tailwinds for insurance companies. So even if you've got a gain, keep holding.

WEAK BUY

Fundamental things precipitated recent downdraft. Yesterday's chart showed fair bit of institutional selling. When you see that, typically more downside. Wouldn't be surprised to see $37. 

Chart shows a longer-term uptrend, so he doesn't mind accumulating. However, context is 4-year cycle will peak in first half of 2025. There will be a better chance to invest once we're through that.

DON'T BUY

Sideways range for a while, but improving technically. Issue is that given we're late cycle, there will be headwinds next year. He'd stay on the sidelines. Better places to put $$ to work.

PAST TOP PICK
(A Top Pick Jul 19/23, Up 51.83%)

Still likes it, given where we are in the cycle. Copper still has some room to run. Consolidating here, but expects it to break out to new highs either this year or early next. Same applies to TECK.B.

PAST TOP PICK
(A Top Pick Jul 19/23, Up 37.63%)

Don't fight the trend. Has been the leader, continues to work. The winners continue to win, so the valuation doesn't really bother him.

PAST TOP PICK
(A Top Pick Jul 19/23, Down 9.3%)

Better stocks in the space such as OR, WPM, or AGI. FNV is catching up, and in the long, long run it will perform well. But right now, it's lagging, so he'd rotate out.

BUY

Still likes it, given where we are in the cycle. Copper still has some room to run. Look at this one or IVN.

BUY
Short interest was 2%, but has come down.

Continues to slowly grind higher. Likes the technicals, especially if it breaks above the highs of 2023. 

DON'T BUY

Sideways trading range, as have US auto parts. Nothing too exciting, unless perhaps as a value play. On the sidelines.

DON'T BUY

A definite series of lower highs and lower lows. Continues to languish, downtrend remains in place. Value trap. Unless something changes, just avoid. So many other good places to put your $$ to work.

TRADE

This is how he'd play the renewable energy trade. Thinks rates will go higher next year, which makes him cautious. If that's the case for rates, a lot of the bond proxies like utilities and REITs are going to come under pressure. A bit more upside potential, but for a trade.

TRADE

This is how he'd play the renewable energy trade. Thinks rates will go higher next year, which makes him cautious. If that's the case for rates, a lot of the bond proxies like utilities and REITs are going to come under pressure. A bit more upside potential, but for a trade.

TRADE

This is how he'd play the renewable energy trade. Thinks rates will go higher next year, which makes him cautious. If that's the case for rates, a lot of the bond proxies like utilities and REITs are going to come under pressure. A bit more upside potential, but for a trade.

TRADE

Doesn't mind nibbling here if we do have some upside until the end of the year. Just as long as you have the discipline to limit your risk near recent lows. If it moves below those lows, take off the position. A trade, since we're late cycle and we're rotating away from info tech. This could be a source of funds for investors, and so head lower.