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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Hi - are you current fans of the US homebuilding stocks (and their macro environment) for next 12-18 months? If so, what stocks do you prefer to buy at current prices (and a brief "why")? Many thanks as always!
Read Answer Asked by Doug on March 27, 2024
Q: Hi 5i, I have US$ cash which I would like to use for my 2024 TFSA contribution.

How do I ensure that I do not over-contribute ?

I was thinking of making the contribution after the markets close on a day,
and using the closing US$ exchange rate that BMO Investorline
posts for that day, and calculating what US$ amount equates to the
2024 contribution amount of $7,000CA.

Do you think this would pass muster with CRA ?

Thanks for your help,

Terry
Read Answer Asked by Terrance on March 27, 2024
Q: I have held Magna for multiple years, and with the execption of a surge in value three years ago (which it eventually surrendered), it is at pretty much my original purchase price. I have been considering a switch to Amazon, as I cannot think of a more dominant player in the consumer cyclical space. I had also considered starting a position in Aritzia, but I am not as confident in its profile as I am with Amazon. The position of this investment is 4% of portfolio, if the exposure level has any influence at all on the analysis. One potential tailwind for Magna could be manufacture of parts for battery electric vehicles, which should increase in demand over the next five years: my understanding is that MG provides many such parts to multiple companies that make these particular automobiles.

Would a switch from MG to AMZN be prudent, or is there a stronger case to be made for staying put? As always, thanks so much for your insights, and I look forward to your response.
Read Answer Asked by Domenic on March 27, 2024
Q: I’ve seen a few questions about which stocks to sell for a RRIF withdrawal.
Doesn’t a simple transfer to a regular account also an option? I did it with units of a mutual fund. Of course, some calculations are needed to transfer the right number of shares, or a mix of cash and shares.
Happy Easter.
Read Answer Asked by Denise on March 27, 2024
Q: Hi, Not a great day for ATS stock, Today, on the top of several weeks of declining share price, following the last quarterly results. Pressure on company's backlog was already noted by analysts' community, for last two quarters. However, except a couple, most Canadian brokerages stuck to their BUY ratings and price targets in the range of $61-$73. So, once again, there seems to be a noticeable divergence, when US based analysts cover Canadian Mid/Small Cap companies ( ATS: JPM - Hold $58 and GS: Sell $47 ). What is that they know and we don't ?

Goldman Sachs pointed to slowdown in Transportation, EV spending running in late stage of the cycle and company's lack of exposure to semiconductor capital expenditure. If, in your view, these headwinds are already reflected in the current share price, what catalysts do you see for share price appreciation, in the near term and going forward ? ( Besides expected growth in Life Sciences area, but whether, that will be enough to offset weakness in other sectors )

We own a 3% position ( with 20% loss, now ) and are contemplating, if a wait till next earnings release is worth it or this capital could be allocated to more efficient and attractive opportunities in the sector.

Thank You

Thank You


Read Answer Asked by rajeev on March 27, 2024
Q: Peter and His Wonder Team
I have been a loyal share holder for years and am down of course. These results look good...However...please tell me... if they should help the stock price knowing of course there is not guarantee only favourable odds. In other words does it have any kind of future progress or is my loyalty really unwarranted. Your opinion is always of great help...thank you immensely.
Read Answer Asked by Ernest on March 27, 2024
Q: I'm curious as to the lack of a high dividend paying etf in your Income portfolio? Also curious as to your thoughts on the partial use for these in a RRIF or PLIf account ( I am in MB and we have PLIF's). I'm setting up a PLIF and considering having more than a full position of HDIV, along with big stable dividend growers I'd pick from your favorites. I have a RRSP of the same value of the PLIF and investments in TFSA. I've been 100% equities all my life, eat volitility for breakfast. If you were setting up your own PRIF, looking to make significant income, what would it look like?
Read Answer Asked by Charles on March 26, 2024
Q: Good Morning,

I hold KXS in my TFSA. My goal is to maximize growth in the account. Would you endorse a switch to one of the above names. Which would be your current two favourites in the group?

Thanks,
Janet
Read Answer Asked by Janet on March 26, 2024
Q: I’ve held this name for 6 years and haven’t made a cent. Global warming may ultimately be the demise of this business. Looking to replace with a high growth U.S. name. What other businesses with a market cap less than 20 Billion would you put on the same growth trajectory as CELH?
Thanks
Read Answer Asked by Curtis on March 26, 2024
Q: Hi Everyone,

I am very interested in FINALLY purchasing an actively managed Global/International ETF or Mutual Fund. I have had zero such exposure in my portfolio for many years and am also currently sitting with USD in my accounts.
I have been following Mr. Hodson for many years and even though based on my personal metrics/age I still cannot contain my high risk individual stock picking tendencies.
My Investment Advisor has loaded up for decades on 'SGA Global Equity Growth Fund' and some Lazard Freres managed fund but I am not tempted to do so.

I would greatly appreciate some of your favourite recommendations in this space.

Thank you,

Dean

Read Answer Asked by Dean on March 26, 2024
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