It leads the Mag 7 this week. The quarter was fine. In response to tariffs, they are moving some supply chains to Indonesia and Indian, away from China. Chinese phones are taking market share, but we've gotten past this news. Apple services were +14% this quarter and beat the top and bottom with an 8% growth rate. He will ride it up.
Believes lower interest rates will help prospects of Canadian REIT sector. Falling rates will mean less interest expenses for real estate companies. Seeing lots off opportunity in office space market. Expecting market trend to reverse as more people return to working at the office. Doesn't see a sharp recovery, but will see a gradual recovery. Good time to buy cheap REIT stocks. Even with a hybrid working model - demand will continue for "in person" meetings.
Canada's largest industrial REIT with properties in Canada, Europe and Asia. Increasing rents has helped the business, however, rents have appeared to plateaued lately. Concerns that large revenue stream from Magna will be at risk from tariffs. Would buy more shares upon stock price weakness. Strong business overall.
A slow mover, but is in the process of breaking out, though not like a tech stock. Their last report showed operating EBITDA margin +280 basis points, free cash flow +40%, and announced a $1 billion share buyback for this year. RSI is 58, so not overbought. Likes their golden cross.