Today, Tim Regan and Tyler Mordy commented about whether LEMB-N, ASHR-N, SCZ-Q, EUFN-Q, VBAL-T, HMMJ-T, QQQC-O, MTUM-N, ZWE-T, FXI-US, SCZ-Q, EWJ-N, VEE-T, XHY-T, XLK-N, NWL-N, BX-N, NWH.UN-T, H-T, ONEX-T, MRC-T, TFII-T, PPL-T, BAM.A-T, VET-T, MS-N, V-N, TD-T, NWH.UN-T, BBD.B-T, AAPL-Q, BCE-T, LB-T, BNS-T, MFC-T, CJR.B-T, QSR-N, AGF.B-T are stocks to buy or sell.
It is an alternative asset manager. He has three others. He prefers Blackstone.
He has no pipelines. Cash flows are pushed out to the future. Every time there is a court ruling against a pipeline, it does not help. It is looking a little cheaper and these are getting interesting.
He looked at it quite a while ago and missed it. It is a good company in trucking but it is getting a little rich with the valuation. Once the economy takes a fall, this one will follow.
They built a lot in the GTA. Rents have gone up.
He has done well over the last 5-6 years. It is well run. They have a lot of equity in their own products. They are well run and stay within their core competency. It should be a good bet.
Don't touch it with a ten foot pole. It is a mix of public and private ownership. There is a lot of debt. Revenue is controlled by the government. This one is too political for him to get into.
It is a Canadian firm, owning medical buildings. That was their original business and they are redeploying some of their capital internationally. They have had some fantastic capital deployment. They are now going to run one of the biggest Australian healthcare real estate funds. You get about a 7% yield. (Analysts’ target: $11.85).
They have done a great job. They are raising a lot of money. It is still a limited partnership. When KKR converted to a company, you saw the stock price jump up on conversion because people then buy it because it is part of the index. (Analysts’ target: $41.08).
This is a turn-around play. They ran into a few problems including the threat from AMZN-Q. Their brands are iconic. They are divesting some of their brands and re-allocating capital. They are in 200 countries. (Analysts’ target: $27.09).
Market Outlook. Emerging Markets are an area of the world where there is a lot of macro misinformation. Now it is oversold, and he is positive on emerging markets contrary to what many people feel. He is not in Turkey and Argentina. He would focus on countries that have taken structural reform seriously and have a growing middle class. He thinks that the biggest story of our time is the rising middle class in Asia. N develop countries we have aging demographics, high debt levels, large mortgages. It is very uncommon to find that in emerging countries.
Technology this year has outperformed everything. He thinks that Technology is facing headwinds going forward in the way of more regulation as they are seen as monopolistic giants abusing their power. He thinks this ETF is going to do OK but there is more value in other sectors. The GICS classification is changing a little and telecommunications is moving to the communications sector, so this ETF will be affected. High liquid, low cost highly efficient way to get exposure to the sector.
Given that Mexico had progress on NAFTA negotiations, what is the effect on Mexican Stocks? They bought iShares MSCI Mexico ETF (EWW-N) last quarter in advance of the macro misinformation was there before the election. He thinks it is a little overbought now and wouldn’t buy it now.
Is there a good ETF for the electric car sector? Difficult to get a pure play. There is an automobile innovation First Trust Global Auto index ETF (CARZ-O). There is an upside potential. ETF are double edge sword in some regards because they offer the diversification but for sectors like this it is better to be a stock picker.
He would look rather at emerging market bonds for income. The credit quality is higher as the US economy is late stage with higher probability of defaults.
It has a lot of its oil and gas play in Europe to get international prices. It is not the same as a typical Canadian oil and gas play. He likes it right here. It has a decent yield.