Keith G. Richards’ Top Picks for June 16, 2026

Keith G. Richards, President, Chief Portfolio Manager, ValueTrend Wealth Management

Focus: Technical analysis

Top Picks: Berkshire Hathaway, CP Kansas City Rail, Peyto Exploration

MARKET OUTLOOK:

The U.S. market is seeing some chop, mostly based on profit-taking on the overbought tech, artificial intelligence (AI) and semiconductor play.

On my BNN appearance last month, I noted we were holding near 25 per cent cash in our equity platforms due to a “high risk” indication on our quantitative risk/reward “Bear-O-Meter” model.

We currently are focused on energy, value, and hard assets. Regarding energy - despite its recent weakness, we feel that energy shortages by AI-related power demand, along with the longer termed effects of the Iran war.

The rebuilding of infrastructure, the backlog even if the Strait re-opens soon, the refilling of SPR’s, and the future risk premiums of transporting through the Strait all suggest that a floor for WTIC should be US$80 even in selloffs.

As such, we see good profitability in the sector including Canadian names.

Overall, the month of June can be a bit choppy, and we anticipate deploying cash as this chop offers opportunities.

Market-moving news, fast: Get the BNN Bloomberg App now
Sign up for the Market Call Top Picks newsletter at bnnbloomberg.ca/subscribe

TOP PICKS:

Keith Richards's Top Picks: Berkshire Hathaway, CP Kansas City Rail & Peyto Exploration Keith Richards, president and chief portfolio manager at ValueTrend Wealth Management, shares his top stock picks to watch in the market.

Berkshire Hathaway (BRK.B NYSE)

U.S.: A value play. We feel that the market has already started rotating into value, overlooked, defensive names. Berkshire Hathaway is coming off of the bottom of a trading range.

CP Kansas City Rail (CP TSX)

Value name, breaking out technically.

Peyto Exploration (PEY TSX)

We have owned this one for quite a while (two years). Any time it pulls back to its very strong trendline tends to be opportunistic, now is one of those times. Canadian oil and gas producer.

DISCLOSURE	PERSONAL	FAMILY	PORTFOLIO/FUND
BRK.B NYSE	Y	Y	Y
CP TSX	Y	Y	Y
PEY TSX	Y	Y	Y

PAST PICKS: MARCH 3, 2026

Keith Richards's Past Picks: Brookfield Infrastructure, AtkinsRéalis & Archer Daniels Midland Keith Richards, president and chief portfolio manager at ValueTrend Wealth Management, discusses his past stock picks and how they're doing in the market today.

Brookfield Infrastructure (BIP.UN TSX)

Then: $53.71

Now: $53.61

Return: -0.19%

Total Return: 1%

AtkinsRéalis (ATRL TSX)

Then: $96.91

Now: $83.11

Return: -14%

Total Return: -14%

Archer-Daniels-Midland (ADM NYSE)

Then: US$67.99