Andrew Pyle

The pendulum has swung. Now, the street feels that the Fed won't raise, but cut rates, so there's a rally.  But he expects the pendulum to swing the other way in the middle of the month, and we're seeing signs of this today. This means that there will  be pressure on stocks. It's healthy for both the stock and bond markets to give back some, and to avoid violent swings. We won't know until after Q1 2024 what the Fed will do with rates. Also, the Fed doesn't want to make any major policy changes heading into a U.S. election year.

Earnings should pick up given the rise in gold prices in recent weeks. This should continue. Guidance says that production side won't be strong in 2024, though copper will see more opportunities than gold. Overall, he sees a little more upside in 2024.

They signed a deal with Siemens to provide them chips, and they wrapped up legal issues about infringement. He's bullish chips in 2024 among lower interest rates. Intel faces more competition from Nvidia, Apple, even Microsoft and others, but there's still upside.

Despite the popularity of weight-loss drugs, there remains demand for QSR restaurants in the U.S., making this a good long-term hold. The Canadian customer is more challenged, though. QSR has had a good run, so wouldn't buy or sell here.

Doing well with their Asian (Hong Kong) operations. Results have been positive recently while improving bond yields helps them. Short-term prospects are good.

Is still dealing with class-action lawsuits. Doesn't see the end of the tunnel. Is a complex problem involving many US states.

It's been a painful year, but it's a long-term hold. Infrastructure trends will remain positive. Has solid fundamentals globally and is starting to see a little pick-up in investor tone. He's been adding to this in the last 4 months. Is a positive story 5-10 years.

You need exposure to this defensive sector if the economy weakens, which seems to be happening. But pick your stocks wisely. He prefers AI over obesity stocks, and own a diversity, not one.

The 60/40 portfolio never died, and those with conservative risk tolerance should embrace bonds. Pick the sectors in line with your tolerance.

OTEX were embracing AI before the AI explosion in Q2 this year. This was trading at great valuations in 2022, a rough year for tech. Will continue to lead in Canada in 2024.

(A Top Pick Dec 06/22, Up 42%)

He knew going into 2023 that there would be an explosion boom given more immigration and the housing shortage. He owns CAP REIT too. This trend continues into 2024 unless supply-demand change, which will be slow to happen.

NPI has great fundamentals and projects, but has disappointed. Interest rates weighed on these stocks, but there were concerns of developing wind projects off Taiwan given threats from China. These projects take a long time and money to build, so it's for the long haul. Should do better in 2024 as rates will decline. Will hold on.

Has gone sideways as it consolidates. Been challenged in western Canada because oil prices are down, but will rise in 2024. MTL still has great funda mentals.

The outlook for utilities will improve as interest rates decline. They continue to raise their dividend, and they have a good track record.

It's had a challenging year, but offers solid fundamentals and free cash flow. Pays a high dividend above 7%. ENB will pick up pace in 2024.