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.
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%.
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%.
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.
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.