Today, Lorne Steinberg commented about whether NSRGY-OTC, CVS-N, ALL-N, ADBE-Q, TSM-N, TRP-T, RY-T, SNN-N, V-N, AC-T, JPM-N, VTRS-Q, PPRUY-OTC, KVUE-N, CM-T, SNE-N, PFE-N, BCE-T, BN-T, NVO-N, MFC-T, BDX-N, UBER-N, MDT-N, MRK-N are stocks to buy or sell.
Not recommended. Preferreds don't do well during rising or even declining rates. In Canada now, rates are low around 3% for a 10-year bond. He suggests instead a simple laddered portfolio of bonds, 1-5 years, plus a couple government bonds and some high-quality corporates. Hold and don't trade. It will buffer volatility.
One of the cheapest tech stocks, which sagged when they tried to buy Figma a few years ago, and still hasn't fully recovered. Shares remain very cheap and have rallied recently. He values this at $750-800, huge upside ahead. They are the best. Are absolutely an AI play, though in early days. Every business wants to use AI in coming years.
Despite buying a bunch of mega-companies, it remains cheaper than 30 years ago. But it has totally failed to deliver shareholder value. The dividend is safe.