Today, Colin Stewart and Stephen Weiss, Founder, Short Hills Capital Partners commented about whether IBIT-Q, GXO-N, GOOG-Q, BBU.UN-T, ISC-T, PBL-T, AC-T, CTC.A-T, INTC-Q, AP.UN-T, TD-T, ETN-N, MDA-T, PD-T, SMCI-Q, LAS.A-T, SYZ-T, LGT.B-T, V-N, SLF-T, ENGH-T, PRL-T, DNTL-T, CCO-T, GSY-T, UBER-N are stocks to buy or sell.
Global tri-opoloy. High barriers to entry. Stable industry that's grown ~6% a year for 30 years, never a down year. New growth avenue of iLottery, which is very high margin with a different demographic base. Well managed, insider ownership strong, margins improving. Low valuation for high-quality company. Yield is 0.8%.
(Analysts’ price target is $40.33)A way to participate in Brookfield's excellent track record of private-equity investments. Owns companies like the largest residential mortgage insurer in Canada, and one producing low-voltage automotive batteries globally. Big discount of ~30% to NAV. Yield is 1%.
(Analysts’ price target is $45.46)The S&P is hitting a new high today, but it's on low volumes on a vacation week. Point is, money is not coming in off the sidelines and won't sell either. Rather it will wait and see. Meanwhile, we will see atrophy. This isn't about left or right politics. He needs to see a clear path forward--stability--so he knows where the economy is going. He's spoken to private equity, CEOs and bankers and they're all flummoxed--where is this economy going?
He trimmed 20%. Bitcoin's momentum reversed after peaking at $105,000 at Trump's election, but is now going down. Expectations have changed from a golden age in the markets and business when Trump was elected, but none of those expectations has proven true. For example, we keep saying that 25% tariffs are a negotiating tool, but will we come out of it with 10%? We used to look at Putin as a dictator and now it's Ukraine's Zelensky. The point is, there's great instability. Sure, government agencies are bloated, but CEOs would feel better if there was a communicated strategy about why and how Trump will make these cuts. All this adds up to instability--and CEOs don't like instability, so they don't want to make investments. Overall, he's not a seller, but a trimmer, but he's not investing not capital either. Regulations won't change; Vance has doubled-down by saying big-cap tech is too big.
Many oil and gas services companies under pressure, both here and in US. Concern that energy prices will be lower under Trump. This name might have tariff concerns as well. Good investment long-term.