DON'T BUY
Alaris Royalty Corp
It's like a holding company that makes investments in a number of companies. Over the year they have improved somewhat the disclosure on some of their holdings. 15 to 17 different investments in a wide range of companies. He does not know how it will do in the future. He is not keen on the name right now because he is not keen on conglomerates. (Analysts’ price target is $21.00)
Financial Services
COMMENT
Best North American Pipelines. ENB-T and Pembina are the best. You want to see dividend growth. PPL-T is good also.
Unknown
DON'T BUY
Newell Brands Inc

They did a merger with Rubber Maid a couple of years ago. Part of the issue was the amount of debt levels. There has been more competition from Amazon. The acquisition did not go as planned. He is not interested right now.

misc consumer products
DON'T BUY
They consolidate various software companies. They have no debt so a pretty good balance sheet. He finds it is too rich at 20 times cash flow. Also there is no centralization of services among companies acquired.
computer software / processing
BUY
Altagas Canada

It is a spin off from ALA-T. It is a pure play Canadian asset utility play. It has average debt for a utility. Over time as long as they perform well you should be able to get modest dividend increases. The parent may still sell the remainder of their stake in this company.

Utilities
COMMENT
Canadian Utilities
They sold off all generation assets in Canada. He is not sure what they are using the proceeds for. The stock will be affected by whether bond yields continue to drop.
electrical / electronic
BUY
Manulife Financial

They are growing the global operations nicely. He added to it recently. He also owns SLF-T. They are both great companies but he is adding more to MFC-T right now.

insurance
TOP PICK

It has great assets in BC. It has no debt and a famous investor owns 30 percent of it. TECK.B-T may move their volumes to a terminal that they co-own next March. He thinks they can't move all of their volume. They have the ability to increase their dividend and they have no debt. (Analysts’ price target is $25.38)

INDUSTRIAL PRODUCTS
TOP PICK
The US is talking about having Medicare for all. This company does a good job of eliminating cost for all involved. They raised the dividend over the last few years. He sees it as a good solid company. (Analysts’ price target is $287.80)
medical services
TOP PICK
This little company has growth around the world. The next leg of growth may be in Europe. 70 percent of revenue comes from food. Now they are focusing more on purchasing and making acquisitions. The next leg of growth could be Asia. They get good margins on their car washes. It should continue to grow. They want to double in 5 years. (Analysts’ price target is $85.13)
food stores
COMMENT
US stocks hitting record highs. Pushing to new record highs. Weaker economic data fuelling investor optimism because of more dovish Fed rates. From technical perspective, it's a bit frothy. US economic expansion is the longest ever, and will continue. No signs of recession in next 12 months. But good idea to push toward more defensive stocks.
Unknown
COMMENT
A trader's market? Yes, but potential downside risks. Still have US-China trade issue. It will be resolved before US elections next year. Market doesn't want new tariffs. Also have to watch for slowing, aging global economy. Markets continue to push higher, but have to be cautious. Approach equities more selectively going forward.
Unknown
COMMENT
For Fed QE, 25 or 50 basis points? Thinks consensus is 25 points later this month. Look at the FANG index, compared to the S&P which has outperformed by 20%. Don't have too much in tech.
Unknown
DON'T BUY
Walmart Inc

Doing very, very well. Pushing into new highs this week. Consumer staples tend to do well in latter part of economic cycle. It's somewhat expensive, growth rate is low for him. Decent dividend. Low beta. Owns Dollar General instead. Prefers defensives with growth behind them. How well can it fight long-term against Amazon?

department stores
DON'T BUY
Prefers to own gold rather than the miners. He owns XAU instead. Miners have management and mining risk. If you think US dollar's going to weaken, and an economic issue, you'll want to own the bullion itself.
E.T.F.'s