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Today, Ian Fung commented about whether MCD-N, DOL-T, SSNC-Q, SNPS-Q, ACN-N, BYND-Q, DWDP-N, AMZN-Q, AMD-Q, GS-N, ROL-N, TOY-T, UBER-N, LVMUY-OTC, GOOG-Q, CLX-N, ROP-N, FDX-N, BAC-N, NVDA-Q, V-N, BCE-T, AMZN-Q, SHOP-T are stocks to buy or sell.

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A Comment -- General Comments From an Expert
Market. Portfolio management changes every day. There is always risk but that is where discipline comes in. Regarding talks with Mexico, there is no direction and people are looking for any headline to drive the market. There has been no deal all year and we have been just treading water on a deal all year. If we look at the global PMI index we are seeing weakness. We have seen the global economy slow down but it is not at recession levels. He is not avoiding economically sensitive stocks but is going a little more defensive as of late. We will see the bottom this summer in industrials. Resolving of the tariffs into the election should let us see rebounding in the fall. The US dollar has stayed strong all of this year but he does not see it as a huge headwind.
Unknown
STRONG BUY
Shopify Inc.
It has been going up non-stop. It has never pulled back to buy-in levels. It is a great company and has a lot of tailwinds. If you are really into it, then pick away at it. He likes the company. It is a great play on ecommerce that is growing at triple digits still and there are a lot of positives for it. The number of large companies coming on board is growing also.
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BUY
Amazon.com, Inc.
He likes it and has done so for a long time. He used to not be comfortable with the valuation but has not wrapped his head around it. The cloud business has been the leader in cloud and is almost utility-like in nature. Growth is slowing due to the law of large numbers. You can have a lot of confidence in management.
specialty stores
WATCH
BCE Inc.
He would not get out before the next dividend. It is a great Canadian company with a great dividend. Wait and hold it for the dividend and then see where it goes.
telephone utilities
BUY
Visa Inc.

It is hard to distinguish between itself and MA-N. It is one of the two largest in the world with great tailwinds. The US is still moving to payment cards.

other services
BUY ON WEAKNESS
NVIDIA Corporation
It has had a bit of a run and then came down. It is a bit more compelling than it was earlier. You are seeing strength come back with new gaming cards.
computer software / processing
BUY
Bank of America
He still believes in US banks even if the FED has hinted at a rate cut in the future. BAC-N has increased capital ratios and is in a good position to re-distribute earnings in terms of dividends and share buybacks.
banks
BUY
FedEx

The lower price is not due to competition from AMZN-N. AMZN-N is 1 to 2 percent of revenues for FDX-N. Most of the headwinds have been trade related which are unwarranted because the US revenue from Chin is only 2%. They are having issues integrating their TNT express acquisition in Europe. If you ignore Ecommerce, and just consider business to business deliveries, it is very meaningful for companies. If anyone can use drones to make household deliveries, AMZN-Q can do it but it is very early days.

Transportation
BUY
An industrial conglomerate. They had been big on traditional industrial plays but now are pivoting to software as-a-service revenues. They are well run and spin off a lot of cash. They have a great track record for acquisitions.
electrical / electronic
DON'T BUY
Clorox Company
He is not a huge fan. It has always been an expensive place to park money. You pay a high premium for low growth. There is not a lot of room to grow in traditional product lines. Growth will be challenged for a year or so.
misc consumer products
HOLD
Alphabet Inc
You need to be in it for the long term. He would be holding it right now. You see all the advertisements on Google. Their cloud platform is not as strong as the other two, however. They have exposure to self driving cars and some healthcare exposure.
Technology
BUY
It is an interesting company and a great way to play the luxury space. Buying power in China is growing where they have a large exposure. It is a huge portfolio of luxury brands. They have a lot of digital ecommerce strategies that they are working on. Sophora, which they own, has a great digital platform. China is so important to their growth but it is a world-wide brand.
clothing
COMMENT
Uber
If you want to take a flier on it, it is an interesting way to do it. The competition is pretty fierce. They have a lot of the same drivers. This is one way to play it and you get the ancillary businesses like Uber-Eats.
Technology
WEAK BUY
Spin Master Corp
He followed it for a while here. It is a tightly held company. They have a good record of turning intellectual property into successful brands.
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BUY ON WEAKNESS
Rollins Inc
It screens very, very well. It has everything you want to see, except for the valuation. It is a hard company to buy. It is a pest control company. It is never going to go anywhere.
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