Today, Lorne Steinberg commented about whether JNJ-N, JPM-N, GOOG-Q, CLS-T, AMZN-Q, SHOP-T, RY-T, TSM-N, NVDA-Q, BONDS-T, T-T, BCE-T, MG-T, LNR-T, LVMUY-OTC, AAPL-Q, BYDDY-OTC, TPZ-T, SAP-N, OTEX-T, SBUX-Q, NKE-N, CPG-LON, CNQ-T, CAR.UN-T, LYV-N, CVE-T, BRK.B-N, FFH-T, NVO-N, TSLA-Q, TD-T, PHG-N, PRL-T are stocks to buy or sell.
Good news is it's the largest in athletic wear and shoes. No debt, tons of firepower. Industry leader. Slow fixes from horrendous mistakes. Looking for earnings improvement in 2026. Worst is over. To bring manufacturing back to the US would be way too expensive for this type of company.
Avoid Chinese stocks, they're buyer beware. They don't have the rule of law there, and the Chinese government gets involved and upends things at will. Better places to look.
As a car company, changing the auto industry. Makes a very cheap electric car that's taken China by storm and will compete here. Not sure it'll be sold in NA anytime soon.
He actually likes both. Looking at price action over the last few days, these names have held up rather well. Sector's bottomed out. Both names have high dividend yields, tremendous FCF, lots of opportunity going forward to buy back stock. Worst is over for the sector, phenomenal opportunity.
With BCE, you should anticipate a dividend cut; this would be fine with him, as it will free up $$ to reduce debt and possibly buy back stock. If that happens, it would be a positive rather than causing the bottom to fall out of the stock. Investment community wants it to cut the dividend, reduce debt, and undertake a better allocation strategy. Still throwing off significant cashflow. Too early to say if it overpaid for the Ziply acquisition.
Telus has done better, with better growth. Invested in other things to diversify its business.
He actually likes both. Looking at price action over the last few days, these names have held up rather well. Sector's bottomed out. Both names have high dividend yields, tremendous FCF, lots of opportunity going forward to buy back stock. Worst is over for the sector, phenomenal opportunity.
With BCE, you should anticipate a dividend cut; this would be fine with him, as it will free up $$ to reduce debt and possibly buy back stock. If that happens, it would be a positive rather than causing the bottom to fall out of the stock. Investment community wants it to cut the dividend, reduce debt, and undertake a better allocation strategy. Still throwing off significant cashflow. Too early to say if it overpaid for the Ziply acquisition.
Telus has done better, with better growth. Invested in other things to diversify its business.
Phenomenal, long-term track record of owning great buildings, managing them well, and increasing rents over time. The only REIT he owns, so that's his pick in the sector.