Today, Tony Ciero, CFA and CFP commented about whether AMZN-Q, RY-T, BRK.B-N, RCI.B-T, TD-T, ADBE-Q, CM-T, TOU-T, FM-T, TECK.B-T, ARX-T, AVGO-Q, NVDA-Q, FTS-T, NPI-T, BBU.UN-T, BN-T, AAPL-Q, IBM-N, SU-T, V-N, MA-N, JPM-N, COF-N, GOOG-Q, MSFT-Q, ENB-T are stocks to buy or sell.
He is a bit surprised by the rates of 15% on average across the board, as they're a lot lower than what first came out on "liberation day" April 2. And the markets are acting accordingly. Markets have done quite well over the last couple of weeks, but tariffs have brought it back down a bit. Could be a buying opportunity.
For those more sanctioned nations, they're seeing 35-40%. Canada is a big surprise with the rate going higher. Surprised we haven't been able to hash out a deal. We should really get rid of the slogan "Elbows up" and just get back to the negotiating table. It's worked well for the EU, Japan, and the UK, and we can live with 10-15%.
The rise to 35% isn't going to bode too well for Canadian equities. Trump continues to say that the issue is fentanyl at the border, but there's also the matter of Canada recognizing the Palestinian state. No tariffs were announced on China or Mexico because they're still negotiating. How could we not have achieved the same level of consideration? Suspects there are more issues underlying the US-Canada relationship than we're aware of.
Talking to colleagues around the office, it's a buying opportunity. The market's done so well since we got over the hump of "liberation day". Now you're seeing it pull back 1-2%.
Tariffs are being announced across the globe, and it's good to get a settlement and finalization of the numbers. As long as you have a number, then you can work around that.
Stock's done well since May, as it completed its main Oneida battery plant in the Niagara region -- ahead of schedule and under budget. Cashflow can be used to make the balance sheet more attractive. Stock will be rewarded. Looks very stable going forward.
Likes it quite a bit for its 2 other projects on the go, which are expected to be completed in next couple of years. One in Poland, one in Thailand. Companies with a niche will do well, so he's not too worried about the non-green rhetoric coming from the US.