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Today, Andrew Pyle commented about whether L-T, BMO-T, BIP.UN-T, BPY.UN-T, ICLN-Q, ZQQ-T, CTC-T, T-T, TECK.B-T, BAM.A-T, BPY.UN-T, UPS-N, FDX-N, DOL-T, XHC-T, TSGI-T, OTEX-T, REI.UN-T, MFC-T, CAR.UN-T, SIA-T, SRU.UN-T, MX-T, ATRL-T are stocks to buy or sell.

N/A
A Comment -- General Comments From an Expert
Market. We went through a number of phases since we went to market lows at the beginning of the pandemic. The market has looked at support from governments and so on and now we are in a re-opening phase. We need to see how that goes into June. Markets are a little bit too optimistic about a 'V' shaped recovery and he is encouraging clients to take a bit of money off the table. The market could continue going higher through June if COVID numbers don't overwhelm the healthcare system. At some point if the market is not getting guidance from companies on earnings then it could take money off the table by the fall. Investors are gun shy about putting money to work in the banks. The banks are providing some value right now.
Unknown
WAIT
One of the largest infrastructure companies, world-wide. The next round of support programs for the economy is really going to come back infrastructure. There is still some overhang from previous court battles.
contractors
BUY
Methanex Corp
We have seen some constructive signs coming out of it recently. It is a company hit by the demand-shock like so many during COVID. He is looking at putting it back into his portfolio.
chemicals
WEAK BUY
Smart REIT
A lot of investors were agnostic about what area of real estate to get into before the pandemic but now they are getting more selective. Even within retail they are picky. He would prefer this one to other retail REITs. They can capture some of the upside. It is necessary that we can maintain these re-openings for this to work.
investment companies / funds
HOLD
The retirement living space has been going through massive challenges in terms of COVID. You would have wanted to be in this sector before COVID due to demographics. It is safe to say that regulations will tighten in the space and it may be hard to maintain capital to fund them to meet the regulations. You will have to be careful.
other services
BUY ON WEAKNESS
It depends on what the government does in terms of support for landlords. The question is whether government support will continue. He feels we will see it continue. This one has seen some consolidation. Long term these are not bad levels to get into it.
investment companies / funds
HOLD
Manulife Financial
It has been a frustrating stock going back to '08/'09. He feels it is undervalued. It's like the banks where investors have concerns about the financial sector. Some of the concerns are real and MFC-T just gets lumped into it. This is a stock you would buy and hold for a long term, so at current levels it is not a bad opportunity.
insurance
DON'T BUY

It is not one of his favourites. SRU.UN-T would be a preference.

property mngmnt / investment
WAIT
Open Text
Tech is looking a little overvalued at presence and he has started trimming back. Look for a pullback before buying. This one would be a buy then.
computer software / processing
PAST TOP PICK
(A Top Pick May 29/19, Up 66%) He sold out previously. He liked the 5 year forecast. As we came into late last year some of the volatility in the stock was not what he was interested in so he exited. He believes they will be stronger going forward.
Business Services
PAST TOP PICK
(A Top Pick May 29/19, Up 18%) He got back into healthcare late last year because of speculation about a Bernie Sanders victory. He continues to like it long term. The current price is a bit elevated so if buying it, wait a bit. The US election could changes things for healthcare.
0
PAST TOP PICK
Dollarama Inc.
(A Top Pick May 29/19, Up 5%) He still likes it. It has done a great job of defending market share in Canada. If you think the economy is not going to come out of this to the same extent it was a year ago, then you will see a cascading of retail dollars down to DOL-T.
Consumer Products
COMMENT
FedEx

FDX-N vs. UPS-N. There was a split between FDX-N and AMZN-Q so now investors are favouring UPS-N. Now the US postal service is looking to increase its service to Sunday deliveries. He would still prefer UPS-N over FDX-N.

Transportation
COMMENT

FDX-N vs. UPS-N. There was a split between FDX-N and AMZN-Q so now investors are favouring UPS-N. Now the US postal service is looking to increase its service to Sunday deliveries. He would still prefer UPS-N over FDX-N.

Transportation
COMMENT

BAM.A-T is a backstop for BPY.UN-T. None knows how safe the dividends are because no one knows what our COVID recovery looks like. He is concerned that when we get out of this, he thinks many people will work at home so he believes the demand projections from before the pandemic will not be the case afterwards. He prefers the infrastructure space with Brookfield.

REAL ESTATE