Bruce Murray

Bullish on outlook for markets in 2024. Lower interest rates, and strengthening economy will support stock markets. Disruptions from Covid-19 (supply chain etc.) beginning to fade. Inflation appears to be falling along with lower energy prices. Expecting P/E ratios to rise across all industries. Favoring high dividend companies like Bell and Enbridge, especially if interest rates drop. Expecting share prices to rise in blue chip dividend companies as well. 

Top pick amongst "Magnificent 7". Every business unit continues to grow. AWS, content and eCommerce business sectors growing steadily. Investment into assets will continue to payoff. Earnings growth expected to triple as investments payoff. Dominant position hard to compete with. 

Covid-19 vaccine business fading, but business strong. Valuation coming back down to reasonable levels. Dividend yield ~6%. Expecting further growth with excellent R&D investment. 

Alternative to Tesla in EV revolution. Has been following since 1986 when company went public. Very strong engineering talent within company. Demand for cars expected to grow generally speaking. Currently trading at 7x earning. Believes shares are very undervalued. 

Excellent business model with very high margins. Search business dominant on the internet. Very profitable advertising business. A.I. business also growing strong due to search data strength. Trading at fair multiple. Recent investment into automated driving might also pay off. 

Excellent management team very strong at capital allocation. Focus on real estate created difficulties during higher interest rates. As rates stabilize, business will perform well. Will continue to own shares. 

Healthcare property business not performing as well as anticipating. Floating rate debt very hard on business with rising interest rates. CEO has since resigned. Would recommend holding going forward. 

Good option for real estate as no rent control in Alberta. Safe dividend. Good option for investors looking to get exposure to real estate in Canada. 

Historically a great Canadian retail business. However, business not performing as well due to eCommerce etc. Unsure on future of business. Better names for retail companies like Aritzia. 

One of key holdings. Very strong company. Recently increased dividend. Decline in stock price due to higher interest rates. If rates fall, expecting stock to appreciate. Will continue to grow through M&A. Also has strong green energy segment within company. 

Stock price has fallen recently with competition. Valuation very high, but very strong tech stack within business. Expecting strength of the business going forward. Excellent company overall. 

Owns shares in company. Debt free now with good dividend. Strong management team. Recent entry into bio fuel has opportunities. Will continue to own shares. 

Best company to own natural gas in Canada. Excellent management team. Very good growth. Excellent marketing team that secures good pricing. Pipeline expansion in Canada will benefit company. Con to the business is that natural gas is commodity under pressure. Overall, a strong business. Would recommend buying. 

Large markets for export of Potash and grain products. Overall, a strong business. Weakness on share price due to high growth expectations not being met after Russia/Ukraine invasion. However, good business to own for the long term. 

Great growth stock the past 15 years. Ownership of cellphone towers very profitable. However, growth slowing down. Higher interest rates also hard on business.