Today, Stan Wong commented about whether NVDA-Q, LULU-Q, GOOG-Q, KR-N, DG-N, DLTR-Q, SHOP-T, XGD-T, IAU-N, ZWE-T, FSLY-N, AC-T, QSR-T, MRK-N, USMV-N, IPAY-N, SQ-N, MFC-T, KO-N, LYV-N, ZTS-N, T-N, TSLA-Q are stocks to buy or sell.
Telco sector has lagged from the March lows. More of a value and dividend play. Yield now is 7.8%, and is that sustainable? He owns Verizon.
He owns Sun Life and Great West Life instead. Insurers have suffered. Growthier companies are getting the attention, especially in a low interest rate environment. Good value over time, but that's not in favour right now. Has recovered from the March lows. Nothing against it.
Include Square, PayPal, Visa, Mastercard. Secular move from cash to electronic payment. Makes sense to own. Only detraction would be a complete global slowdown on spending, but we're not seeing that.