Keith Richards. Who did you just think of? I know. It’s unavoidable to think, “The Rolling Stone?” This is where I usually say, “Nope, not that one.” This Keith Richards has been in the investment business for more than 30 years and has developed a unique technically and fundamentally-driven, active and contrarian investment style. We interviewed the President, Chief Portfolio Manager & Technical Analyst of Value Trend Wealth Management to learn more about his market-beating process, get some top ideas, and investment principles to live by. Here’s part one with Richards providing three top investment ideas.
Commodities in general were on fire for several months and they’re currently taking a breather. But make no mistake this move in everything from grains to oil is real. It’s just phase one of a multi-year bull market, according to long-time energy investor Josef Schachter, Author of the Schachter Energy Report. Schachter’s process gave him a buy signal in March of 2020 and he loaded up on stocks such as Whitecap Resources. He’s since taken some profit and is sitting in a fair amount of cash waiting for another nice entry point. Get Schachter’s informed take on oil and natural gas, and how to find profitable opportunities.
Keith Richards (not that one) deploys an equal measure of fundamental and technical analysis to gauge buy and sell possibilities for his clients’ portfolios at Value Trend Wealth Management. The President, Chief Portfolio Manager & Technical Analyst at the firm, Richards considers himself an independent and contrarian investor who believes buy and hold can be costly for investors. Instead, he deploys an active management style to manage risk, protect capital, and optimize returns. Find out why Richards’ Bear-o-meter, which monitors 11 market metrics, is flashing red and what that means for investors.
Who says millennials don’t pull their weight? The demographic generally between the ages of 25 and 40 may not have the impact the Baby Boomers had and continue to have on the economy but millennials could help to drive the S&P 500 more than 360% higher by 2038. That’s as they enter their peak earnings years, buy houses and vehicles, and start families just like previous generations did before them. This according to Thomas Lee, Managing Partner & Head of Research at Fundstrat Global Advisors. Keep reading for excerpts from this Business Insider article, and an informative chart showing how stock market peaks follow generational demographics.
The price of oil and energy stocks in general have had an impressive recovery since that one crude futures contract went negative one day last year, which clearly indicated capitulation in the oil market, putting an emphatic punctuation mark on a steady decline in the price that started in 2014. Josef Schachter witnessed that event and has seen it all over his many years investing in energy stocks. He provided research to Maisons Placement Canada for 15 years, ran Schachter Asset Management for more than 20 years, and was the Market Strategist for Richardson Greenshields. Since 2017, Schachter has been the author of the Schachter Energy Report, a subscription service providing research, company profiles, buy and sell alerts, webinars, and more. We caught up with Schachter to get three top stock ideas.
Public capital – stocks, bonds, preferred shares – get the headlines, but the private capital market is larger, employs more people, helps to drive the economy, and arguably provides investors with safer, less volatile returns from “real” assets such as real estate, infrastructure, renewables, private equity and venture capital. But isn’t that the exclusive domain of pension funds, endowments, and high-net worth individuals? Incorrect. Increasingly, retail investors can get access to private capital investments. For insight on private capital we turn to a real pro in real assets. Martha Tredgett has more than 25 years experience in the investment business including time with JP Morgan, and at UBS, and Credit Suisse First Boston, in London, Paris, and New York. She’s Managing Partner, Private Capital Advisory at Brookfield-owned Sera Global.
Get deeper insight on the “massive, exponential growth phase” technology stocks are in the midst of. According to pretty well every technology CEO Jesse Gamble talks to says the same thing.
Their businesses are accelerating…and fast. They’re not talking about a one-time lift from COVID-related behavioural shifts. They’re talking about an acceleration that could last years. Hear Gamble, Senior VP & Portfolio Manager at Donville Kent Asset Management, explain why speed, access, cost, and adoption are behind these global technological changes, discuss the 10 sectors to focus on, and the factors that make the SaaS model so “phenomenal” for high-growth and high-margin companies.
The stocks an investor owns are not just islands unto themselves within a portfolio. Often times they are intertwined in ways we don’t usually consider. Almost like a hockey team – some playing offence, some playing defence, and some paying dividends with intangible contributions beyond the scoresheet. It’s a good exercise for investors to think of the companies they own as closely related cogs powering the global economy. John O’Connell, Chairman & CEO of Davis Rea Investment Counsel, gives some good examples in his monthly letter to the firm’s clients.
Ask Jesse Gamble what his favourite stock is right now and he won’t miss a beat. The Senior VP & Portfolio Manager at Donville Kent Asset Management is pumped about this software company that checks all his growth boxes. But, like Rodney Dangerfield, its gets no respect, in its case, by investors who undervalue the shares. Gamble also provides two other top stock ideas – one could follow in the footsteps of its parent company, which has returned 4,500%+ since 2010. The other has cornered the market on digital lotteries and is growing quickly.
This interview with iconic and highly successful investor Stanley Druckenmiller needs to be seen by as many investors as possible. To that end, we’re repurposing this conversation by The Hustle with the man who has never had a down year in more than 40 years of investing. And during one span, Druckenmiller returned 30%+ annually for 30 straight years. Enjoy.
BCA Research is recommending a tactical trade it plans to close in three-to-six months. The idea is based on China government policy, and the movement of cyclical stocks. Another sector is less affected and could be a profitable offset to the other side of this trade. Here are some excerpts from BCA’s report.
Acquire. Integrate. Operate. Repeat. That’s the mantra at Dye & Durham, the high-growth, high-margin and highly acquisitive company currently integrating nearly $1 billion in deals struck since going public last July. The company provides legal and business technology solutions and saw revenue surge 300 per cent year-over-year in its latest quarter. Dye & Durham’s stock is higher by more than 470 per cent since hitting the TSX last July. The company’s CEO Matthew Proud likes to keep a low profile so this is a rare chance for investors to learn more about the company’s growth strategy and how it plans to utilize its $1 billion in dry powder.
The inevitable crash in cryptocurrencies has happened after a stratospheric run for the sector. This after a confluence of events – from China telling its financial institutions they can’t be involved with crypto to Elon Musk’s latest musings to plain old price falling while volume and volatility increased. Crypto is not going away but governments and regulators appear to be getting closer to clampdowns on the digital currency space. What’s next and where should investors look for opportunities in the burgeoning world of cryptocurrencies?
Disruptor is an overused word but Peloton, Airbnb and Zillow fit the bill. These three are shaking up the health and fitness, travel, and real estate sectors. They all have impressive growth and they all have questions surrounding them, which makes it tricky to decide whether any or all of them are solid long-term investments at this point. John O’Connell breaks down the pros and cons for each company.
We’ve heard for years Amazon is an expensive stock. But that’s no longer true. Yes, if you just look at its price-to-earnings ratio, it seems high. But if you use a different metric that measures growth longer-term, Amazon is actually cheap compared to peers. Check out this commentary and these charts that reveal the story.
Much has been made of the lofty valuations of the so-called MAGA stocks (no, not that MAGA) Microsoft, Apple, Alphabet’s Google, and Amazon, and whether their stock prices justify their future growth prospects. A global macro strategist at StoneX doesn’t believe those big tech stocks and other large-cap growth firms will be able to grow into their current price multiples. Here are excerpts from a column by Mark Hulbert at MarketWatch.
The good people at Visual Capitalist make their fascinating, dazzling, and colourful charts available for free to share across the web. This chart of the week nicely lays out Bitcoin’s multiple crashes over the years including this week’s plunge of 51 per cent from its recent peak. Bitcoin always bounces back eventually to hit new highs. What will happen this time with governments and regulators breathing down the cryptocurrency’s neck? And what should we make of the fact Bitcoin’s dominance among cryptocurrencies is waning?
Whitney Tilson likes to toot his horn sometimes in his daily Empire Financial Research email. But that’s fine because he has a track record of recommending a lot of big winners. Plus, he’s got a wealth of investment experience and knowledge that’s of value to investors. Here are two tried and true lessons that were reinforced this week by the latest crash in cryptocurrencies.
We heard from one investor recently who is still kicking himself for not buying more of the stocks that he had on his watchlist during the crash of 2020. Not so for Lorne Steinberg, who told his clients in an email, the day of what turned out to be the market bottom, he was putting the firm’s 30% cash position to work buying the “best of the best” of the stocks on his radar trading at screamingly cheap valuations. That worked out well for the President & Portfolio Manager of Lorne Steinberg Wealth Management, and his clients, who’ve been well rewarded. In this conversation, Steinberg details the stocks he bought and the ones already in the portfolio that propelled his Global Value Fund to double digit gains over the last year.
Some investors believe the technology sector is still overvalued and is due for a lengthy correction. But Jason Donville and Jesse Gamble make a convincing case investing in technology stocks is like holding a beach ball tightly under water, and that the sector is “on the cusp of an exponential ascent and that beachball definitely will not be held down for very long.” In these excerpts from their latest ROE Reporter, Donville and Gamble run down the 10 sectors to watch, and we’ve selected five stocks from their portfolio that can benefit from this paradigm shift.
Lorne Steinberg and his team say they’re “stubbornly focused on only buying quality businesses whose prices are compellingly cheap.” Capital preservation, downside protection, and a lower risk framework are also important in Lorne Steinberg Wealth Management’s investment approach for clients. This value-based style sure worked in the last year with Steinberg’s Global Value Fund up a sturdy 28 per cent, as of the end of April. Here, Steinberg, President & Portfolio Manager at the firm, provides investors with a global and eclectic list of his top stock ideas.
One would think with a market value of nearly $1.9 trillion that it would be difficult for Microsoft to meaningfully move the needle on growth. After all, aren’t we told there’s a law of diminishing returns the bigger a company gets? But the massive software company appears immune to that kind of rule as the sheer global reach and heft provided by its powerful suite of products could see the stock improve by as much as 50 per cent over the next five years, not including the nearly 1 per cent dividend yield. That’s steady, predictable growth not to be sneezed at. Here are excerpts from a Barron’s article quoting an analyst who calls Microsoft, “The most import software company on the planet.”
The sharp downturn for stocks recently has been uncomfortable for a lot of investors. But is it the beginning of the end or a short-term capitulation and reset in the ongoing bull market? Thomas Lee believes it’s the latter. The Founder of Fundstrat Global Advisors has identified a couple of “panic events” that on the surface appear negative but are actually positive and could mean stocks in general will be higher six months from now. Here are excerpts from a recent piece by MarketWatch about Lee’s views.