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Today, Gordon Reid commented about whether FDX-N, META-Q, ABBV-N, SQ-N, CSCO-Q, VZ-N, V-N, T-N, ABT-N, SHW-N, CVS-N, CIEN-N, URI-N, HD-N, CCL-N, DY-N, UAL-Q, BRK.A-N, NFLX-Q, GE-N are stocks to buy or sell.

COMMENT

A Comment -- General Comments From an Expert(A Commentary)

12/05/2020
A Comment -- General Comments From an Expert
Investors are surprised with the bounce since the March bottom. We're heading into a recession, but multiples are high, which is a strange situation, because typically multiples fall as stocks sell-off. Also, investors are looking past the recession and directly at the recovery before entering the recession itself--this is very optimistic. He is defensive. Restaurants are a question mark--how will they be profitable with social distancing? Airlines will be down for a while. He looks at companies based on the density of the consumers/audience of their business. Government stimulus and other measures: this aid is needed, but down the road the piper must be paid.
Unknown
Gordon Reid
N/A
Unknown
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DON'T BUY

General Electric(GE-N)

12/05/2020
General Electric
In the past, this was a blue chip stock, but now is hitting hard times. Forget the past. It remains highly speculative, with high debt as they sell quality businesses, deal with a pension liability and many other problems. Avoid.
electrical / electronic
Gordon Reid
$6.065
No
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DON'T BUY

Netflix Inc.(NFLX-Q)

12/05/2020
Netflix Inc.

Short-term growth? He's a long-term trader, but can't comment on the short term. This is the ultimate stay-home stock, but faces increasing competition from Apple, Disney, etc. Also beware of how much cash they burn as they produce lots of shows and movies. A big caveat. That's why he's not buying it.

Technology
Gordon Reid
$441.675
No
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DON'T BUY

Berkshire Hathaway Inc. (A)(BRK.A-N)

12/05/2020
Berkshire Hathaway Inc. (A)
They have such a storied history in the market and have done very well long term. Short-term they haven't performed as well though. They've gotten so large that they can invest in only the biggest stocks. Recently, they dumped all their airline shares. The bloom is off the rose. He'd avoid them for the next while, though he admires them.
insurance
Gordon Reid
$261841.990
No
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DON'T BUY

United Airlines Holdings(UAL-Q)

12/05/2020
United Airlines Holdings
He bought it a year ago when the fundamentals for airlines were very positive. But he sold this in March during the volatility. There may be a long impact against airlines going forward. You must have a sell discipline divorced from emotion--important.
Transportation
Gordon Reid
$22.950
No
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COMMENT

Dycom Industries(DY-N)

12/05/2020
Dycom Industries
They lay the cable for 5G technology. The trend for home offices and socializing through tech has accelerated during the lockdown, though it was already happening before the virus. This trend benefits Dycom. Short term, this will be a lumpy stock, because the big telecoms may but back their capital spending, but DY will do well over time.
REAL ESTATE
Gordon Reid
$30.010
Owned
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DON'T BUY

Carnival Corp.(CCL-N)

12/05/2020
Carnival Corp.
Life is too short to catch a toxic trend like the cruiselines. Maybe you can make a trade of this, but he's a long-term trader. He fears waking up and seeing news of a virus hitting a cruise ship.
Transportation
Gordon Reid
$13.295
No
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BUY

Home Depot(HD-N)

12/05/2020
Home Depot
People, if they stay home, will renovate. Or if the home-buying market improves (which he expects sooner than later), HD will also benefit. He's a long time holder of HD and happy.
specialty stores
Gordon Reid
$237.100
Owned
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BUY

United Rentals(URI-N)

12/05/2020
United Rentals
They rent equipment to large companies. If the issue of virus transmission in this equipment arose, he's confident URI would take safety steps, like sanitizing their machines regularly. It's a very good company. Infrastructure will rise as a priority for governments who will want to get people back to work, so this is a benefit for URI. They have great free cash flow, another plus.
Financial Services
Gordon Reid
$114.130
Unknown
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PAST TOP PICK

Ciena(CIEN-N)

12/05/2020
Ciena
(A Top Pick Apr 22/19, Up 26%) Still likes this optical networking company (i.e. streaming broadband) very much. They're competing with Huawei, so CIEN will benefit as western companies and governments fear industrial espionage of the former.
misc industrial products
Gordon Reid
$49.150
Owned
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PAST TOP PICK

CVS Health Corp(CVS-N)

12/05/2020
CVS Health Corp

(A Top Pick Apr 22/19, Up 25%) Undervalued at 9x PE, still likes it. This is the future of US healthcare where costs are 50% more than other western countries. A way to reduce this cost is through CVS, such as using their health hub technology instead of walking into emergency. CVS has been smart developing this business. CVS also gets a cheaper line of drugs and they recently bought Aetna. Altogether, CVS is vertically integrated. A great company.

specialty stores
Gordon Reid
$63.535
Owned
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PAST TOP PICK

Sherwin-Williams Co.(SHW-N)

12/05/2020
Sherwin-Williams Co.

(A Top Pick Apr 22/19, Up 25%) Like Home Depot, this is a win-win, whether people stay hope and renovate, or if they move houses (which he predicts). SHW will benefit from either trend.

misc consumer products
Gordon Reid
$561.640
Owned
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BUY

Abbott Labs(ABT-N)

12/05/2020
Abbott Labs
It was a pharma, but spun that operation off. What's left is a company in medical diagnostics. ABT bought two medical companies to build on that. A very good company with a long string of growing dividend payments, like 35 years. His only knock is that its PE has run, so watch that.
biotechnology / pharmaceutical
Gordon Reid
$95.190
Unknown
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COMMENT

A T & T US(T-N)

12/05/2020
A T & T US

The dividend jumps out, currently 7%, which is attractive, though keep in mind this is a US stock, so Canadians will be taxed on part of this. ATT will protect that dividend. ATT is known as a consistent cash generator. He's less thrilled with the business though--the competition from streamers from Netflix et al is extreme and they're losing. So, the stock could deteriorate while the dividend stays at 7%. He's neutral about ATT.

Telecommunications
Gordon Reid
$29.035
No
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COMMENT

Visa Inc.(V-N)

12/05/2020
Visa Inc.
A great company. Their business has waned a little as people stay home, but this is a temporary setback. Fintech is here to stay. The PE is too high now. He sold it last November for this reason. People will use plastic and avoid dirty cash, so this is a tailwind.
other services
Gordon Reid
$181.620
No
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