N/A
The stock market is going up, with the S&P up 8% ytd. It's a fallacy that the stock market and the economy moves hand in hand. The market is significantly undervalued taking into consideration the interest rates going to zero. Earnings for tech companies are growing, and he is bullish on good quality companies.
N/A
There is uncertainty with COVID, but there will always be cause of worries regardless. Looking at earnings being reported by companies like Apple, he thinks it is still undervalued. Chose good quality companies, and it should be alright.
BUY

A data centre REIT. It facilitates companies like Facebook and Amazon to connect to each other. They own data centres across the globe. They recently bought assets from BCE. Niche REITs like this are good. With growing data demands, it should be a good investment.

BUY ON WEAKNESS
It's been a rough ride this year. The bank has taken loan loss provisions of 18B dollars over the full cycle. Maybe this was over protective and we could see some flow back into earnings over the next few years. If you believe the economy will continue to recover and improve, it should recover. He is adding to his position right now.
DON'T BUY

He doesn't hold any chip makers, and he feels he has missed out. He would stay away from Intel and it has gone nowhere recently. He prefers NVIDIA or AMD.

HOLD
He still owns it in his income fund. It has been stuck for years, with many headwinds. The company needs interest rates to rise. For keen, patient investors, there are opportunities.
DON'T BUY
The company is burning through cash and he would not buy any aerospace company right now. They will need a vaccine before a return to normal. Business travel is huge for them and he does not expect it to return as before. Leisure travel should recover fine, but right now is not the time to buy.
BUY
It is their largest position and have held it for a long time. He would continue to buy it. The trend are favourable for this business. The best company in terms of market capitalization and cashflow. He feels it is still undervalued.
DON'T BUY
These companies are un-investable. The winds have changed in term of environment and it will be difficult to grow value. Ethically, there are many people who are abandoning energy by principle.
DON'T BUY
A company that he is not enthusiastic about. They have a lot of debt, poor performance in assets, and cashflow hasn't changed in the past few years. There is good dividend growth. It would probably do better than cash or bonds. He would look elsewhere for better balance sheets, cashflow and less debt.
COMMENT
He used to own it, but sold it. There were worries about theme parks, cruise ships and movies. These worries have not passed. The Disney+ is doing well and they have good licenses. If the theme park business was spun out and covid disappears, it could be a good pick.
COMMENT
It has won the battle with e-commerce and management has done a terrific job. They are at capacity and they are doing great. Things will probably cool down at one point, but it should continue to do well.
BUY
He just bought a huge chunk this morning. A company that makes medical devices and is the leader in hips, knees and shoulder replacement. The sales force is their moat. It is able to pivot really quickly. They produce the best products, makes good acquisitions and deploys cash well.
BUY
There was lots of volatility with issued shares, but the management team is great. There is inflation protection and growing cashflow. They are having issues with commercial real-estate but the infrastructure fund has no exposure to it. It has a nice growing dividend.
DON'T BUY
It was doing everything well and they were going to sell the business before the pandemic. Now, the business is ruined. With social distancing and lack of good movies, it is un-investable.