Today, David Burrows commented about whether ATRL-T, MSI-N, MTB-N, SU-T, ENB-T, V-N, NVDA-Q, BTE-T, TRP-T, ASTL-T, SU-T, IMO-T, CVE-T, ADBE-Q, EWJ-N, TECK.B-T, CNQ-T, GM-N, XLV-N, LLY-N, BCE-T, MS-N, PGR-N, CB-N, NA-T, CM-T, RY-T, JPM-N, TD-T, FFH-T are stocks to buy or sell.
(2 for 1 stock split on 11 June 2024)
Commodity bull markets last a long time once they get going. Pullback gives you an opportunity, he'd buy today. Especially given short life of US shale assets, companies like this should command a premium over the cycle. Plans to own for a long time.
QB2 will be a very valuable asset. Always bumps getting a new mine underway, but outlook for copper long term is very positive. Biggest risk to portfolios is that inflation eats your money, so you need to own things that can put up prices tomorrow if inflation goes up today.
Lots of questions on that. Likely to be more willingness to open pipeline capacity to the US. Regulatory environment might be more friendly. Particularly good for long-life assets. Nice pickup in volume as pipeline capacity to US has gotten better. Price differential has been coming down. Weak CAD has also helped these companies, though you have to separate natural gas from oil.
We'll have to see what policies come forward. He's sticking with the very long-life assets paying great dividends.
Got stopped out around $110 in July as the semis rolled over. If he loves a company, and the technical picture gets repaired, he doesn't mind paying a higher price to re-enter. He got back in at $114. Undisputed leader in the sector. Technical setup is pretty good. Earnings are due in 14 days; he's holding till then, and hopes it doesn't disappoint. Seems that demand is exceedingly strong, pricing looks good. Blackwell problems seem to have faded.
Worries a bit about the sector; if you take AVGO and NVDA out, it's been one of the worst-performing sectors since July.
Making RSI new lows versus the market. Avoid this whole neighbourhood for a while.