N/A
Market. There are several things that are worrying the market today. People want to see a US fiscal package and the COVID problem is a long term problem now. Seeing numbers for COVID going up in the US is adding stress to the markets. People are worried about the US polls. They are not sure who is going to win or what the consequences are. You want to stay away from cyclical stocks. You want those that have driven the economy recently. You will have better revenue growth and margins.
BUY

Healthcare gets knocked down before an election so there is a constant battle at this time of year and then it disappears after the election. This is a great company and continues to do well and you should own it or SYK-N, which he owns.

BUY
A lot more people have either bought or adopted pets. The cost of keeping an animal has gotten more expensive. You should buy on a pull back. It is a great demographic story.
BUY
It is not an expensive stock. It has almost a 6% dividend. Low interest rates put pressure on these companies. Being a global wealth manager has helped offset the insurance business with low interests. This is a nice stock to buy.
BUY
It has done very well and trades at 24 time earnings. The US housing market has helped it a lot. They did a good job of growing their renovation business and they are shareholder friendly. They have improved a lot and gained market share. They should continue to do well.
BUY

He owns CNQ-T instead. It has been a very difficult period for all oil companies. You are seeing bigger and bigger acquisitions happening in the sector. They have done well in buying up businesses that will do well within their company. Their oil sands productions are near normal global emission standards. There is a perception that Canadian oil is really very dirty.

BUY
It is an incredibly well run company. It is hard to duplicate the business so they have pretty good pricing power, at least over the last little while. It is more environmentally friendly than trucking. It is a good buying opportunity for the future, He thinks they will continue to grow.
PAST TOP PICK
(A Top Pick Nov 05/19, Up 46%) It is a great Canadian Company. He likes that it. It is asset light and has little fixed costs. They grew the business through organic growth and tuck-in acquisitions. Buy it now on weakness. They continue to execute incredibly well.
PAST TOP PICK
(A Top Pick Nov 05/19, Down 3%) It has bounced back. The cruise and park businesses are a chunky part of their overall revenue. A lot of their movies have not been able to come out into theatres. They bought FOX but the sweet spot was Disney plus, their streaming product. They need to have more content on a regular basis. You will do well with it over the next couple of years and this is a good chance to buy it.
PAST TOP PICK
(A Top Pick Nov 05/19, Up 26%) It is not an expensive stock. There is still secular growth. They have a strong franchise in search. He thinks their CAP-X spending will continue to drive them. Yahoo is bigger than Google, but Google just has a better product so he thinks antitrust is not an issue. He likes it here and would buy it here.
BUY
They had good numbers in the quarter. Their digital business grew in the quarter. In the next couple of years you will see good pricing increases on their platform. It is hard, as a customer, to come back after moving further into the digital platform. It is not just a COVID stock.
BUY
It trades at one times book. The issue is that they are transitioning their investment banking business to a more stable wealth management business. It is becoming a bigger and bigger part of their mix. It is a more stable part of their business.
BUY

It is a great sweet spot. Gaming and graphic chips have done well for them as well as cloud. In AI they have a big push. It has taken away the glow that INTC-Q used to have. It is not a cheap stock but NVDA-Q is in the right area of the chip industry to be able to grow. The chip business will become more politically motivated over the next couple of years. These guys will play a big part of how the industry is moving.

BUY
He continues to like it here. Digital advertising continues to grow. They are doing a bunch of the right things. Digital animadverting will continue to grow.
BUY
They are an interesting company because they are not a market place. You have this huge user base in China that has a lot more wealth. You have to understand that it is an emerging market and there will be volatility.