Latest Stock Buy or Sell? Make More Informed Decisions!

It's been underway since late August, but more evident in the TSX than in the S&P 500 (which is being narrowly held up by a narrow group of names).

The TSX is actually down roughly 5% off its late-August peak. Difficult to pinpoint any one reason. It's a broad-based selloff, a stealthy bear market.

Number one would be high oil prices, more problematic in the US than in Canada (given our heavier weighting in energy names). Inflation. Interest rates. Bond yields at 20-year highs.

Another shoe dropped this morning with the Canadian jobs report, massive job losses in September.

We're seeing anxiety around tech, and we're certainly not in the early innings of the AI story. Seeing more and more concerns about AI. 

Will the colossal spending generate returns commensurate with their cost? The other things people are getting increasingly anxious about are guardrails, governance, and potential regulation around AI. It cries out for a globally coordinated approach. With globalization fracturing by the day, that's not happening.

All that angst is hitting the market.

As for earnings, tech earnings are going like gangbusters in the States. Yet there are jitters. Yesterday saw an erroneous news release about OpenAI's revenue being overestimated, and then retracted. That caused a big selloff in the tech complex yesterday.

A good way to summarize it is that there are a lot of "nervous hands" on these tech stocks.

Secular winner. Omnichannel merchandising in a box, with an actively growing POS business. Merchant solutions (~80% of sales) include add-ons to monthly subscriptions. Great second quarter, sales up in 30% range and earnings ~20%. Guidance calls for more of the same.

Increasingly demonstrating that AI is not a disruptor, but a tool. Lots of FCF, buying back lots of shares. In middle innings of the global e-commerce story. Expensive (as always), ~70x PE. Use the charts to buy in.

Bought shortly after the IPO. First-mover advantage in generic GLP-1s in Canada -- a multi-billion-dollar opportunity (with a capture rate likely north of 20%). Quality control issues and recalls. Competitors moving into the space. Chart behaviour is totally consistent with an IPO. 

Pullback is a buying opportunity. Though new to public markets, multi-decade history of operations. Likes growth prospects.

Valuations are at unprecedented highs of ~15x PE. Next year will have difficult earnings comparisons. Likes the blend of growth and dividend income. Trimmed.

Chart's been chopping around in a range for the last year. Massive grower and compounder. Patience is warranted; when it moves, it can move in big bursts. Market leader in Canadian P&C. Caters to needs, not wants. Softening in P&C pricing power generally (which happens when the bond portfolio is earning great returns). A few big, catastrophe losses.

Best-of-breed. Not just big in Canada -- recently, scale player in UK and Ireland. Small, but growing, specialty business in US. High ROIC. Steady cadence of dividend growth.

Doesn't own, but no quarrels buying here. A bond proxy, and bonds are selling off right now -- that's when you want to buy. 

He prefers TRP (nat gas and nuclear), while ENB has more of an oil pipeline weighting.

Exposure to natural gas and nuclear, which have brighter futures than oil.

Not that well known north of the border. Comparable to ATD, though not as geographically diverse. Probably good pullback to buy. Exceptional food service offering, gaining lots of traction in this K-shaped economy. Ubiquitous in the Midwest, in lightly contested locales. Pullback probably due, in part, to high gas prices.

No problems buying, though he prefers ATD.

Volatile, newsy. Still owns and likes. Low-orbit satellites a growth segment for some time to come. Sees rapid pace of earnings growth compounding.

Trades a bit like a bond proxy because it's a stable, non-cyclical dividend payer and grower. When will it shine? When growth and earnings comparisons get tougher for the broader market. That's coming, and coming soon -- mark his words. We'll see it in 2027. Likely to regain some lustre in the year ahead.

Eventually got stopped out. They don't usually buy deep value, and this one's a good reminder of why they don't do it often. Cut dividend, issued shares. You can learn good lessons while licking your wounds.

Deep dividend cut, and investors in it for the income really didn't like that. Thinks that one dividend cut was sufficient. Doesn't see any catalysts for shares to turn around anytime soon. Starlink threat probably not as dire as thought.

Don't step in front of this moving train as tax-loss selling season gets going. Won't go to zero. There will be a time to step in, but not in the next 2 months. He urges caution.