PAST TOP PICK
(A Top Pick May 06/24, Up 34%)

In times of volatility, exchanges actually do very well because the trading goes up. Derivatives exchanges tend to be higher margin, as their products are usually proprietary.

PAST TOP PICK
(A Top Pick May 06/24, Up 3%)

With DeepSeek, the whole sector got hit really hard, taking a while to snap back. Metrics in underlying business still strong.

BUY
Will Trump's "drill, baby, drill" keep oil prices low?

Core holding, along with SU and TOU. Of oil & gas, gas is probably the better bet right now with LNG coming onstream. Trump says a lot of things and, on the broken-clock theory, some of it may be accurate. But you can't just turn on the tap.

Considerable underinvestment in oil for a while, particularly in Canada. PM Carney is no particular friend of the sector. If onshoring of all this production comes back to America, they're going to have to power it somehow. And there won't be enough windmills, nuclear plants, or solar panels to do it.

HOLD

Owned in the past, but now he owns BSX. Likes the sector, not getting hit as hard today as many other things. Aging population will propel demand for medical devices.

BUY

Likes the sector, not getting hit as hard today as many other things. Aging population will propel demand for medical devices such as stents, which this company is known for.

SELL

Between hardware and software, higher margins and greater growth still belong to the software side. He's looking more to consulting, with its higher margins.

WATCH

He's looking more to companies that provide consulting. As companies try to figure out the transition to AI, that type of advice should attract higher margins. A name to look at when things settle down in the tech space.

SELL ON STRENGTH

Tariffs are being seen to hit the tech space to a greater degree. He doesn't know why this name in particular is being targeted. Believes all the tech stocks being hit today will bounce from here, though he's skeptical about a long-term trend up.

If you absolutely need the cash tomorrow, sell today. Otherwise, wait a day or two for a bounce.

HOLD

With tariffs, could see the price of clothing go up. As Springsteen sang, textile jobs are not coming back to NA; clothes will still be imported. Impact on the clothing industry remains to be seen. Thinks prices will go higher, but people still need to get dressed. Onshoring will be a multi-year journey.

Correction is probably overdone, will probably bounce.

HOLD

With tariffs, could see the price of clothing go up. As Springsteen sang, textile jobs are not coming back to NA; clothes will still be imported. Impact on the clothing industry remains to be seen. Thinks prices will go higher, but people still need to get dressed. Onshoring will be a multi-year journey.

Correction is probably overdone, will probably bounce.

WATCH

Under pressure for a while. Correction today is just going along with the market. If economic slowdown, base metal and commodity prices will suffer. Not a direct 1:1 tariff impact. 

This is a moment that Canada has, as a country, to really take advantage of our position in the global dynamic. We need to show the world that we're open for business. It's not about just reacting to the president of the US, it's about what we want to be as a country when we grow up. If we're supposed to be united, why do we have all these inter-provincial trade barriers? Why do we make it so difficult to bring a mine into production? Right now, we're not an attractive venue to raise capital or to put $$ into the ground to make our wealth of resources available to the world.

WEAK BUY

No, caller's not crazy to want to buy. There will be a chance to reimagine what the car industry will be. Current US administration will be very partial to US manufacturing. Cross-border tariffs on auto parts won't affect it as much as people feared. Traditional US car companies may be better value than some of the more hyped players.

TOP PICK

Chicago Board Options Exchange. Options give you the right to buy or sell an underlying stock/index/commodity at a certain price for a certain length of time. Higher margins than just trading stocks. Taskmaster of proprietary products. Exclusive license on the VIX as well. Yield is 1.09%.

The business of exchanges is very good, sees growth. On a day like today when the market is down, trading exchanges are up because volumes go through the roof, with profitability right behind. Even talk of trading being allowed 24 hours a day.

(Analysts’ price target is $216.06)
TOP PICK

Benefits from people moving to the cloud and AI. Makes so much $$ doing that already, and the world isn't going to be doing any less in those areas. AMZN will continue to be a dominant player in those areas. No dividend.

(Analysts’ price target is $267.07)
TOP PICK

Managed to combine recurring revenue (membership fees) with traditional retail. Business model is still the best in the retail space. Big push toward lower-cost merchandisers. Second to none in its ability to not only survive, but thrive, in what could be a difficult economic environment. Yield is 0.48%.

(Analysts’ price target is $1063.88)