Paul Harris, partner and portfolio manager at Harris Douglas Asset Management
Focus: North American and global stocks
MARKET OUTLOOK
First, I would like to say that nobody knows what is going to happen, but afterwards everyone will be able to explain it. My big fear is that governments, medical experts and the media were supposed to scare people but they have instead terrified them, which means that the road to normality is going to take longer than we think. COVID-19 has changed businesses and they can never go back to the way things were. It has turbocharged the growth of the internet and catapulted us into the future. We have become a mobile society with mobile workers.This theme will play out in investing: areas such as technology and communications will continue to do well, along with healthcare and healthcare technology, consumer staples and discretionary, including Amazon, Costco and Walmart. Retail, oil and gas and resources will perform poorly. Although, the market has had a strong bounce from the March low, I worry that valuation is stretched, and would like to see a pullback to be a buyer.
TOP PICKS
ZEBRA TECHNOLOGY CORP (ZBRA NASD)
MICROSOFT (MSFT NASD)
JOHNSON & JOHNSON (JNJ NYSE)
| DISCLOSURE | PERSONAL | FAMILY | PORTFOLIO/FUND |
|---|---|---|---|
| ZBRA | Y | Y | Y |
| MSFT | Y | Y | Y |
| JNJ | Y | Y | Y |
PAST PICKS: MAY 21, 2019
ZOETIS (ZTS NYSE)
- Then: $102.38
- Now: $126.37
- Return: 23%
- Total return: 24%
STRYKER (SYK NYSE)
- Then: $185.45
- Now: $190.76
- Return: 3%
- Total return: 4%
BANK OF AMERICA (BAC NYSE)
- Then: $28.69
- Now: $22.70
- Return: -21%
- Total return: -19%
Total return average: 3%
| DISCLOSURE | PERSONAL | FAMILY | PORTFOLIO/FUND |
|---|---|---|---|
| ZTS | Y | Y | Y |
| SYK | Y | Y | Y |
| BAC | Y | Y | Y |
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