Today, Christine Poole commented about whether WSP-T, CB-N, GOOG-Q, WMT-N, CRWD-Q, GRT.UN-T, CNR-T, RCI.B-T, CNQ-T, BCE-T, TSLA-Q, RY-T, OTIS-N, L-T, MDT-N, TMO-N, TD-T, UBER-N, UBER-N, PPL-T, MFC-T, NVA-T, SHOP-T, MRNA-Q are stocks to buy or sell.
She sold this a year ago. She expected after their spin-off to improve margins and product line, but the dental industry is cyclical and tied to the job market. As interest rates rose, many patients deferred treatment. Also, it's in a competitive market and growth was soft in some geographies. Wait and see how the new CEO executes.
It's profitable now. But shares are slumping because of Waymo--their robo-taxis now operate in four cities and will add Miami in 2026. What is the future of ride-shares? Will we need drivers? Also, Uber drivers are contractors, but we keep hearing about how little they earn, which means their could a change in regulations about treating these drivers.
It's profitable now. But shares are slumping because of Waymo--their robo-taxis now operate in four cities and will add Miami in 2026. What is the future of ride-shares? Will we need drivers? Also, Uber drivers are contractors, but we keep hearing about how little they earn, which means their could a change in regulations about treating these drivers.
You need to own Canadian banks for their increasing dividends. They've been building provisions in the event of credit losses--a headwind--but these are starting to peak. The banks recently said that that the positive impact of falling interest rates will be felt in latter 2025 (mortgage renewals). RY is her top pick.
She sold some shares after the penalty was announced, because the measures would cap their US growth, an attractive area for growth. Their discounted valuation reflected concerns. They can still grow in Canada. It trades under 10x PE and the dividend is over 5%. If TD can get their act together and grow earnings, she PE could rise.
The merger doesn't take effect until Jan. 1; she see few changes after the merger. Price has disappointed post-Covid, given inventory and interest rate hurdles. With rates falling, she expected health care to resume, but she thinks that spend is delayed. The stimulus in China will help. With the new US president, we also don't know what will happen to this sector. But she likes TMO's fundamentals, and would buy at these levels.
Wait for a pullback, given current highs. As Canada's economy softens, more shoppers spend at their discount banners. Shoppers are doing very well in beauty goods as they get out of the low-margin electronics; many provinces are allowing pharmacists to expand their role, which is another tailwind for Shoppers Drug Mart (that Loblaw owns). They are expanding their margins and guiding higher.
Has undeperformed the market because new sales in China have been weak. However, Otis is in an oligopoly with a leading share of 19%. Also, service contracts are very profitable with 65% of global customers opting into a service contract when they buy their elevator, and 50% in China, but that number is climbing. She expects earnings growth around 9%. Also, elevators are aging and need repair/replacement.
Post-Covid, they have a pipeline of drugs under development, related to vaccines and cancer. This is higher-risk in health care. They have $3 billion in revenues, but are spending a lot in R&D, more than their revenues, so they're not profitable.