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Today, David Burrows commented about whether NVDA-Q, NEM-N, AMZN-Q, BIP.UN-T, IRTC-O, MFC-T, KXS-T, BAM.A-T, SU-T, CSH.UN-T, HON-N, CP-T, AC-T, IYH-N, WFC-N, PPL-T, AAPL-Q, MCO-N, META-Q are stocks to buy or sell.
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He has SPGI right now from this industry. There will be a ton of debt issued in the near term so he likes this industry and feels it is going to benefit from the process we are going through.
The very big picture is that we are around generational lows in interest rates. Coming out of this you may see the long end of the bond market selloff and this is good for banks. In terms of solvency issues coming out of COVID that would be a real risk. He bought two others as the market made a turn. In the last two weeks the banks gave up their gains. He is personally short WFC-N. It is now well below the lows. He believes the markets will correct but be careful of buying the weakest bank in the sector. JPM-N or C-N would be preferred to watch.
CSH.UN-T vs. SU-T. They seem to have nothing relating to one another. Both have had a difficult time. There is a logical answer to this. Falling interest rates are the single biggest supporter of real estate values. We are at or near generational lows in interest rates. If you saw reflation then commodity assets would start to participate. He would own SU-T or CNQ-T if he were to own something in energy. He owns SU-T. He would sell CHR.UN-T in order to buy SU-T.
CSH.UN-T vs. SU-T. They seem to have nothing relating to one another. Both have had a difficult time. There is a logical answer to this. Falling interest rates are the single biggest supporter of real estate values. We are at or near generational lows in interest rates. If you saw reflation then commodity assets would start to participate. He would own SU-T or CNQ-T if he were to own something in energy. He owns SU-T. He would sell CHR.UN-T in order to buy SU-T.
