Latest Stock Buy or Sell?
Make More Informed Decisions!

Today, Bryden Teich commented about whether NFI-T, ABX-T, CI-N, BNS-T, PM-N, BMY-N, DRG.UN-T, ENB-T, CCO-T, AWK-N, PYPL-Q, KEY-T, AC-T, WIR.UN-T, ATD.B-T, BB-T, GMP-T, MSCI-N, SU-T, MFC-T, ABBV-N, INTC-Q are stocks to buy or sell.

COMMENT
Mixed data on the markets. Last week, Fed didn't pull back on expectations it was going to cut. But now PMI is pretty strong. Strong bounce today. Fed's highlighting that US manufacturing was weak. If you look through the data, they've guided that they're going to cut at least 25 basis points at the end of this month. Comes down to inflation expectations. They're afraid of the market having lower inflation expectations for longer.
Unknown
COMMENT
US durable good orders vs. inflation. Fed's backed themselves into a corner. The trade war now has run longer than anyone expected. Trade war is hurting manufacturing but the domestic economy is pretty strong, and the consumer's in good shape. Trade policy has moved inflation expectations lower, and that's where they're going to try to cut that decline.
Unknown
COMMENT
Hedge fund manager Ray Dalio's concerns about the economy and a depression. He's a thoughtful intellectual, but with decades of experience. Level of money printing in the next recession is underappreciated by people. How do you stimulate your economy when rates are already low?
Unknown
WAIT
Intel

Chip space volatile, but has done well in last years. Chip cycle is tied to the economic cycle. The IBM of the chip space. Now is not the time to own the chips. Nice yield of about 2.5%.

computer parts mnfctr
COMMENT
AbbVie Inc.

Issue is that longer run pipeline is coming to an end. The quest is always for the next big drug out there. Trying to buy Allergan, whose big thing is botox. Political pressure on lower drug prices. Monster yield of over 6.5%.

0
DON'T BUY
Manulife Financial
Has recovered this year. Issue is that it's hard in a low interest world. Most attractive things are Asian businesses and wealth management. His preference is to go with a pure play investment manager. Stock is cheap. Good yield of about 4-5%. But there isn't enough growth for him.
insurance
HOLD
Suncor Energy Inc

Great company. Owns CNQ instead. Incredible assets. Very defensive. More dividends and buybacks, incredible free cash flow. If you own it, consider it a long-term hold. Perfectly fine to own in the current environment.

integrated oils
PARTIAL SELL
MSCI Inc.

On the list of great companies to own when they get beaten up. Problem now is it's run a lot, expensive multiple. Great data service provider. Sector's done well. If you own it, trim a bit and take some profits. He owns Blackrock (BLK) in the sector, which has long-term growth and a lower multiple.

Financial Services
COMMENT
Differential between WCS and WTI. Volatile for last 12 months, and will remain so. Problem is there isn't enough egress to get oil out of Alberta. As long as you have oversupply and problems with infrastructure, WCS will trade lower than WTI. Texas, for example, has built 3 pipelines in the last 2 years.
Unknown
SELL
In the process of being acquired. This space has been a difficult environment for years, especially because of a tough resource environment. If the shares are trading close to what the offer is, just sell and find something else to do with your cash.
investment companies / funds
WATCH
BlackBerry
What they're doing is very impressive, selling into cars. It's a nice story, but it's not reflected in the numbers. Shares are volatile, and not cheap. It's a name he would watch. They will be a key player in cars.
electrical / electronic
PAST TOP PICK
(A Top Pick Jul 27/18, Up 34%) Most recent quarter a bit soft. But focus on the same store sales number, that's the important one. In a decade, they haven't issues shares once. They'll be able to grow through acquisitions and by selling more products. Could still put new money to work here today.
food stores
PAST TOP PICK
(A Top Pick Jul 27/18, Up 5%) Great job at creating industrial warehouse space in the US. High quality, institutional style portfolio in the US. Good way for Canadians to get exposure to e-commerce and the US economy. Not too late to put new money to work. Yield about 5.5%.
0
PAST TOP PICK
Air Canada

(A Top Pick Jul 27/18, Up 89%) Great job of investing in their business, expanded internationally, grown loyalty plans, new AmEx platform. Great modern fleet. Acquiring Transat. Too late to get in now, based on the economic cycle.

Transportation
BUY
Keyera Corp
Likes it. Part of his core infrastructure portfolio. Has performed well YTD, but still well off the highs. Nice thing is they have a really stable business and some growth initiatives. Waiting for a better environment for the stock to move higher. Great for an RRSP, and everyone should be looking at it. Yield is 5.2%.
oil / gas