Barry Schwartz, President & CIO, Baskin Wealth Management
Focus: North American large cap stocks
Top Picks: Meta, National Bank, Constellation Software
MARKET OUTLOOK:
Stocks are up for a good reason, the earnings growth is the fastest since 2021. At some point this artificial intelligence (AI) bonanza will cool and investors should be diligent in their research and not pay up for hype.
We are finding the best opportunities in high quality North American businesses that haven’t participated in the rally.
Companies involved in software, information technology, healthcare, media and insurance offer good values here.
We are overweight U.S. given the breadth of opportunities.
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TOP PICKS:
Meta (META NASDAQ)
National Bank (NA TSX)
Constellation Software (CSU TSX)
| DISCLOSURE | PERSONAL | FAMILY | PORTFOLIO/FUND |
|---|---|---|---|
| META NASD | Y | Y | Y |
| NA TSX | Y | Y | Y |
| CSU TSX | Y | Y | Y |
PAST PICKS: SEPT. 2, 2025
Taiwan Semi (TSM NYSE)
Then: US$228.39
Now: US$432.75
Return: 89%
Total Return: 91%
TFI International (TFII TSX)
Then: $130.46
Now: $230.72
Return: 77%
Total Return: 78%
Costco (COST NASDAQ)
Then: US$938.82
Now: US$969.04
Return: 3%
Total Return: 4%
Total Return Average: 58%
| DISCLOSURE | PERSONAL | FAMILY | PORTFOLIO/FUND |
|---|---|---|---|
| TSM NYSE | Y | N | Y |
| TFII TSX | Y | N | Y |
| COST NASDAQ | Y | N | Y |
