COMMENT
It's strange times. Big question: What will the US Congress do with stimulus that's keeping the economy afloat? Will Republicans support working poor people? Many big tech names report on Thursday; it's like the Superbowl. These tech giants have reasonable valuations rooted in reality, so he has no problem with the price run-up of Amazon, Apple, Google, etc. However, Tesla and Shopify share prices are entirely speculative; maybe he'd buy Shopify at a third of the current price.
BUY

Canadian rails enjoy a duopoly, but we know that grains and other resources will get shipped. CP is more efficient than CN, and is very well-run. He owns CNR. Investors should own either.

DON'T BUY
They've been raising a lot of money, even under distress. He hears they were burning $20 million per day until they did layoffs. Problem with airlines is that they don't know when operations will return to normal, while customers are staying away. Airlines must keep paying staff and storing planes. Buying any airline now is an act of courage and tremendous optimism. He hopes things get better, but he won't bet on them now.
COMMENT
He doesn't know the details of BAC's business. But the US banks have been aggressive in setting aside capital for loan losses. {audio issues during his comment}
DON'T BUY

Seeking dividends Caveat: You don't get the dividend tax credit as a Canadian investor. For good dividends in Canada: telcos, pipelines, utilities (i.e. Emera, Fortis) and the better investment trusts. He buys a bundle of such dividend payers, but these stocks are still below their February highs, as low as 25%.

BUY

Telcos & utilities' outlook in the work-from-home era Rogers got hit when sports were cancelled/postponed and their broadcasting business may be impacted if MLB baseball is cancelled. Who knows? With Telus, you're taking less media-related risk. Telus is down 20% from its peak and pays a dividend over 5% that should rise. He sees no problems with telcos and utilities going forward, because the work-from-home trend will support them. But with both classes, some investors consider them boring (flat share price despite high dividend) and moved into growth/tech stocks. The dividend payers are now unloved, but history teaches us that that is precisely when to buy them.

BUY

Canadian tech stocks (DOKS - Descartes, Open Text, Kinaxis, Shopify) as a buy-and-hold strategy? His favourite among this narrow class of stocks is CSU. They make good acquisitions shrewdly, which made them grow into the dominant Canadian name. It's a better bet until Shopify starts being consistently profitable.

BUY
RY vs. a US bank Banks are grappling with how bad mortgage defaults will be, and how much longer will Ottawa support the economy? All the banks have aggressively built their reserves against bad loans. Traditionally, Canada has more safeguards in place before than America to prevent mortgage defaults. But many are unemployed in Canada now. When wage support stops here, homeowners will have trouble paying their loans. But most Canadian banks are insured by CMHC (that's one safeguard). which will cover such defaults. Given all this, he doesn't feel that Canadian banks are overly exposed to mortgage defaults and doesn't feel the banks are dangerous to own now.
PAST TOP PICK
(A Top Pick Jul 30/19, Up 7%) It's a steady eddy that's increased its dividend about 49 years in a row. It's in an unloved sector, but he still owns this. He's sticking with it.
PAST TOP PICK
(A Top Pick Jul 30/19, Down 21%) They had to close early because of the pandemic. Will there be a ski season for 2021? Vail says yes, and it's open for hiking now. But people may not want to stay at hotels and eat at restaurants there. No surprise that leisure stocks like this are taking a hit and will benefit greatly from a vaccine.
PAST TOP PICK

(A Top Pick Jul 30/19, Up 12%) Death, taxes and garbage are life's certainties. He's long owned this. WCN continues to do well, though there will be softness from commercial activity, though consider all the cardboard boxes from Amazon deliveries. Still a good company. Well-managed.

DON'T BUY
Long-term and stable? No. He once owned this and made a pile of money. HLF had made some good acquisitions, but made a disastrous purchase of a shrimp company in southeast Asia. This triggered a long slide in the stock. Now, HLF is marginally profitable, but suffers stagnant or falling sales. A pity. Doesn't see growth.
DON'T BUY
Sell half a position? Intel shocked the tech world when it said it was seeking a producer for its products. Intel used to be a top brand. Inevitably, competition appeared and pressured the stock. Maybe INTC is now oversold, but you need faith to buy this stock. Don't sell, but wait.
WAIT
He's waiting until there's clarity on air travel. Nobody is hiring new pilots now.
BUY
For many years this stock did nothing but pay a nice dividend. Finally, it took off. He uses a TRI database product. As the digital economy has grown, TRI has grown more valuable. Still pays a solid dividend. This is a safe addition to a senior's portfolio.