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Today, Robert Lauzon commented about whether ENB-T, PFE-N, PEP-Q, NTR-T, GDXJ-N, TM-N, MX-T, VET-T, WIR.UN-T, AMZN-Q, WTE-T, RIO-N, BA-N, AQN-T, NEE-N, ING-N, CSU-T, DOW-N are stocks to buy or sell.

N/A
A Comment -- General Comments From an Expert
Market. He is cautious because market valuations have increased since the lows but earnings expectations have not kept pace. He is encouraged to see the stimulus from governments and central banks around the world. The markets are reacting positively to therapeutics, vaccines and they are making investors feel comfortable that we will get through the next couple of quarters. Also, there are reopenings over the last couple of weeks and that is encouraging people and keeping them hopeful. At these levels the market is really putting a bridge across Q2 and Q3 of this year and is looking into 2021 and putting a multiple of 18.5 on forecasted earnings which are from 2019. The market is saying 2021 will look a lot like 2019. Investors should be cautious over the summer. He is worried about the situation between China and the US, a cold war, and also the US election that is coming up.
Unknown
PARTIAL BUY
One of the world's largest chemical producers. It is very highly cyclical. He thinks we will get through this. It had a nice bounce. Management has said they don't intend to trim that nice dividend. You need a year and a half to two years as an investment horizon. It could go down in the short term. It is a great way to play a cyclical recovery.
chemicals
BUY ON WEAKNESS
He has added to his portfolios over the last 6 months. It is an interesting software company. They sell niche products. It grows by acquisition. They are a cash cow and could pay a dividend but they are rolling up the industry successfully. Don’t chase it here. Buy a quarter of your position and then the rest on a check back in the markets.
computer software / processing
DON'T BUY
ING Groep NV
He has paired back European banks. He likes ING in isolation. He moved to North American banks. ING-N's problems stem from EU problems in the countries not getting along. Look at other banks that have a sustainable dividend that can grow. You need to get yield if you are in banks.
investment companies / funds
BUY
NextEra Energy

NEE-N vs. AQN-T. He would choose NEE-N. Part of the appeal of renewable energy is that they have one of the best R&D teams internally in the company, to ensure all projects they do come on stream as planned and to be more innovative in other green solutions including battery storage. It is the old "Florida Light and Power". It is growing at double digits of 10 or 12% per year and usually these companies are at 5-7%.

electrical utilities
BUY

NEE-N vs. AQN-T. He would choose NEE-N. Part of the appeal of renewable energy is that they have one of the best R&D teams internally in the company, to ensure all projects they do come on stream as planned and to be more innovative in other green solutions including battery storage. It is the old "Florida Light and Power". It is growing at double digits of 10 or 12% per year and usually these companies are at 5-7%.

electrical utilities
DON'T BUY
Boeing
There are multiple risks and there is not a lot of clarity as to when we will all get back flying and when there will be demand for planes.
Transportation
BUY
Rio Tinto
If you are in a 'V' shaped recovery you should own some material stocks. Demand and supply always corrects itself. They've all had a nice little bounce. Look at it with a twelve month view.
other mines
BUY
A Comment -- General Comments From an Expert
Gold. We have a nice base building in gold and it will then make its way to $1950-2000 over the next year to a year and a half. It could drop into the $1600s as well. It is the stimulus that will put a floor in gold. It is a great play, though.
Unknown
PAST TOP PICK

(A Top Pick Aug 21/19, Down 27%) He still owns it and still likes it down here for the same reasons. The negative performance is mostly because the market still wants to see a deal between them and TECK.B-T, which seems to be playing a bit of hardball. He would expect that they come back to the table some time this year and formalize an agreement for some tonnage.

INDUSTRIAL PRODUCTS
PAST TOP PICK
Amazon.com, Inc.
(A Top Pick Aug 21/19, Up 32%) Half of what it returned is from it being a terrific company. The other half is the pandemic. It is still a great company. They have hired a lot of employees and are looking to keep 70% of them long term. It is a big player in providing cloud services. He continues to like it.
specialty stores
PAST TOP PICK
(A Top Pick Aug 21/19, Down 10%) The REITs have been hit pretty hard through the pandemic. It is an industrial REIT and is only down 10% because they are insulated from the affects of the pandemic to some extent. He continues to really like it and it is one of his top holdings.
0
DON'T BUY

The only change you will see from the company is less dividends with debt pay down being the focus. Everything else is really the commodity price. Energy is generally out of favour. It has typically been a good quality dividend payer. He got out before the major downdraft. They will focus on paying down debt before re-instating the dividend. If you are looking for an energy stock, then why not get one paying a dividend like CNQ-T.

oil / gas
WEAK BUY
Methanex Corp
It is taking a lot more risk but could end up being a great trade. It is a cyclical company. If you have a very favourable view of the economy you can own it.
chemicals
HOLD
Toyota
We are seeing some green shoots in auto dealers over the last few weeks. TM-N offers both Gas and Electric vehicles. For auto sales you have to understand 2021 – how many layoffs are permanent. He thinks auto sales will continue to decrease over the next two to three years. More auto companies may be more open to mergers in the next 5 years. TM-N is in the top half of auto names. He has owned it before in his dividend portfolio.
Automotive