RE:RE:Summary of Stephenson shorting PRE at BNN Market CallNot sure what some of you are trying to pull but PRE is a top pick. Go ahead and short it all the way to 5.00 if you want. It will come back and you will be able to cover but why miss the ride?
John Stephenson, president and CEO, Stephenson & Company
FOCUS: North American Large Caps and Resource Stocks
Market outlook:
Investing in Europe has been all the rage lately, but once currency impacts have been factored in the results are decidedly less impressive. For most Canadian investors, the U.S. is still best. The U.S. markets have the highest exposures to fast growing sectors such as healthcare and technology and have a better track record of meeting analysts’ forecasts. Historically, this has led to a higher multiple for U.S. markets which seems justified in light of its superior consistency and growth.
Top Picks
Pacific Rubiales (PRE.TO)
Salesforce.com (CRM.N)
Spirit Airlines (SAVE.O)