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The oil and natural gas products that move through pipelines are an integral part of our modern way of life. From the clothes you wear and the food you eat to the transportation you use, oil and natural gas touch your life in thousands of ways you have never imagined. Social media mentions are up 400% in the past 24h.

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Walmart today is a people-led, tech-powered omnichannel retailer dedicated to helping people save money and live better. Since Sam Walton opened the first Walmart, we have opened thousands of stores across the U.S. and internationally. Around the world, customers want the same things: value, a broad assortment of quality items and services, a convenient and enjoyable shopping experience, and to do business with a company they trust. We are on a mission to meet our customers and members wherever they are, with the things they want, where and how they want them. And although the ways we deliver these experiences is changing, and changing fast, our promise to improve the customer and associate experience is constant. Social media mentions are up 188% in the past 24h.

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🔒 Premium Content Alert – This buzzing stock opinion is accessible only to Premium members

Discover an exclusive list and analysis of the stocks that are trending on social medias—accessible only to our Premium subscribers. With a keen focus on the stocks that are setting social media ablaze, this weekly feature offers an invaluable lens through which to evaluate market movers. Say goodbye to the endless scroll through social media timelines; we curate the buzz so you can invest your time as wisely as your money. Unlock Premium Now.

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We expand economic opportunity and growth for all. Economic growth and opportunity must reach every person, organization, community, and country. This starts with ensuring everyone has the skills to thrive in a digital, AI-enabled economy, and extends to empowering nonprofits, entrepreneurs, and other organizations to digitally transform and address society’s biggest challenges. Social media mentions are up 467% in the past 24h.

COMMENT
Markets today -- streak of red, deep dive.

Last time we saw this was in March 2020, when everybody thought we were all going to die. Markets came back fairly quickly from that. This has a bit of a different feel to it.

We haven't had a proper bear market in NA since 2009. We've had 16 years of a bull market punctuated by some minimal corrections. So it could be that we're seeing the market turn over here, possibly heading for a bear market.

COMMENT
Sector performance today.

The Mag 7 have really been the ones leading the market downward. Those were the ones with the highest multiples and that have been lagging the market at least since the inauguration.

Other sectors are doing relatively well. With all the tariffs on retail products that are generally made in developing countries, it's surprising that dollar stores and COST are actually up today.

COMMENT
What's an investor to do?

There are some good and proper times to panic, and he's not sure that today is one of them. If the tariffs had been less robust than feared, the markets would be on a tear the other way. Right now, he has a reasonable amount of cash (between 20-40%) in portfolios.

If you're adding to your portfolio on a regular basis, either by investing cash that's stored up or by regular contributions, these correction days are actually really helpful. These days provide excellent buying opportunities, even if markets go down further tomorrow. 

For stocks that you'd always wanted to get in on, today's not a half bad day to start. If you have $10k to invest, invest $2k today. It'll be easier to make the next decision tomorrow if you started with a smaller one today. If the market goes down, at least you have $8k left; if the market goes up, thank goodness you started to buy.

HOLD

Down because everything's down. Concern that in an economic slowdown people will be slower to pay off credit cards, and there will be less travel. Doesn't have the credit risks that banks do. 

HOLD

Down because everything's down. Concern that in an economic slowdown people will be slower to pay off credit cards, and there will be less travel. Doesn't have the credit risks that banks do. 

PARTIAL BUY

Funny that people who bought a year ago have to attach explanatory bumper stickers. If it's going to be a good buy at $200-225, it's a good buy at $265; you're buying it for the longer term. He can't come to terms with the valuation.

If you decide you want to buy, put in 10% today, and you'll feel better. If you've wanted it for a long time, and you don't pull the trigger today, you'll forever hesitate. It's just psychology. 

His father has a wonderful expression, "It's the second mouse that gets the cheese." Not sure tariffs are enough to provide continuing support for an EV car maker when the Chinese are doing it so much cheaper.

HOLD

You'd think it had nothing to do with tariffs, and he's a bit pressed to explain why it's down today. It has the feel of a capitulation moment, where people are using tariffs as an excuse to sell. Baby out with bathwater.

HOLD

You'd have thought they'd be hit more by tariffs, as Trump hammers on that many drug components are made overseas. So the market must be thinking tariffs will benefit pharma, to explain why this name is up on such a tremendously down day. Keeping people guessing and on a knife's edge isn't a bug of the current US administration, it's a feature.

His healthcare investments focus on health management like UNH and medical devices.

COMMENT
Will big 6 Canadian banks keep paying dividends?

Yes. They didn't stop paying dividends even during the 2008 financial crisis. Except for MFC, all financial services companies also kept their dividends. At the best of times, it's a severe, career-interrupting move to cancel a dividend. For a Canadian bank, it would be catastrophic. 

Some are stronger than others. RY is the 800-pound gorilla that all the others are chasing. TD has had its issues in the US; but you'll notice it's up from the time US sanctions were imposed. All are resilient, a fiercely protected species.

PARTIAL BUY

If you really want to buy this name because you believe in its approach to AI, or that concerns are overblown on advertisers not being as robust, or that Mag 7 concerns are over done, then he'd suggest (not recommend) you buy some today. Though you may be early.

Tomorrow may be a tremendous up day, or another down day. He doesn't know. Start with 10%. You don't have to be 100% right. If it's worth buying here, it'll be worth buying 20% higher or lower, assuming the Western world continues. And despite the best efforts of the US administration, it will.

PAST TOP PICK
(A Top Pick May 06/24, Up 2%)

Exited at beginning of March, with lots of pressure on the tech sector.