Cole Kachur, vice president and portfolio manager at Wellington-Altus Private Wealth Inc.
Focus: North American stocks and ETFs
MARKET OUTLOOK:
I think that markets are going to continue to be fuelled by stimulus, low interest rates and an economic recovery/expansion. With rates so low, there should be more money continuing to move into equity markets and believe that stocks should be the top performing asset class through the end of the year. I prefer U.S. equities of Canada but think that there is upside in Canadian, American and emerging markets. I would treat any equity market pullback as a buying opportunity.
TOP PICKS:
Advanced Micro Devices (AMD NASD)
| DISCLOSURE | PERSONAL | FAMILY | PORTFOLIO/FUND |
|---|---|---|---|
| CRM NYSE | Y | Y | N |
| AMD NASD | Y | Y | N |
| NCNO NASD | Y | Y | N |
PAST PICKS: September 2, 2020
Brookfield Asset Management (BAM/A TSX) should be a holding in almost all Canadians portfolios. You get a large multi-faceted company, which should benefit from stimulus spending and infrastructure development throughout North America.
- Then: $45.26
- Now: $54.79
- Return: 21%
- Total Return: 21%
Ulta Beauty (ULTA NASD) Barbell strategy where this pick was based upon the economy reopening. Its strategic partnership with Target and continued move to ecommerce should allow for it to outperform the general market.
- Then: $237.66
- Now: $320.29
- Return: 35%
- Total Return: 35%
Ericsson (ERIC NASD) I continue to like it as a way to play the 5G space. It has performed very well but should continue to move upwards as 5G is still in its infancy.
- Then: $11.68
- Now: $13.38
- Return: 15%
- Total Return: 15%
Total Return Average: 24%
| DISCLOSURE | PERSONAL | FAMILY | PORTFOLIO/FUND |
|---|---|---|---|
| BAM/A TSX | Y | Y | N |
| ULTA NASD | N | N | N |
| ERIC NASD | Y | Y | N |
WEBSITE: www.kachurwealth.ca
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