Today, John Zechner commented about whether META-Q, PFE-N, ATRL-T, BNS-T, CVS-N, LLY-N, MU-Q, MRVL-Q, CNQ-T, INTC-Q, VRN-T, NOA-T, ARE-T, MRE-T, PPL-T, PYPL-Q, NPI-T, GDXJ-N, BTO-T, AGI-T, TXG-T, AEM-T, ABX-T, NGT-T, SMH-Q, AVGO-Q, NVDA-Q, GOOG-Q, AAPL-Q, TRP-T, SOBO-N, MDA-T, RY-T, CM-T, BMO-T, SHOP-T are stocks to buy or sell.
He's been lightening up on gold. With a strong USD, and interest rates possibly being higher, gold may take a few steps back. The two biggest names, NGT and ABX, have really shown miserable production growth. Underperformed the group for a number of years now. They don't have the growth assets and their size means they can't accelerate as much.
Uncertainty of China next door is probably the most important issue, potential hotspot. He's been adding recently. Likes the dividend yield. Valuations in the sector have come down a long way, won't get US government support. Has a lot of international growth assets. Really good operators.
Nice thing about the sector is that once you get the capital costs out of the way, the operating costs aren't that significant. Input costs of wind and sun are nothing. There are, of course, maintenance costs. They become very strong cashflow generators, which will come back to shareholders.
Steady eddy. Lots of downside protection, which is what he's looking for right now. He even added some recently. Defensive, low valuation, growth potential. More east to west, rather than north to south (which may see some volatility with the new US administration).
Likes the pipeline names, and this is at the top of his list.
He'd go with that strategy. He's been lightening up on gold. With a strong USD, and interest rates possibly being higher, gold may take a few steps back.
The two biggest names, NGT and ABX, have really shown miserable production growth. Underperformed the group for a number of years now. They don't have the growth assets and their size means they can't accelerate as much. AEM is the new top senior.