Market Call Jesse Gamble: Jan. 28, 2025
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Jan 28, 2025 Jesse Gamble, Senior VP and portfolio manager at Donville Kent Asset Management, shares his insights on Canadian growth stocks. He evaluates their valuations against U.S. counterparts, discusses selection criteria, and highlights companies like Light Speed and NEAT.com for their promising growth prospects. The conversation also touches on acquisitions by Propel Holdings and Gray Wolf, while diving into market risks concerning debts and tariffs. Jesse emphasizes the importance of understanding a company's balance sheet and analyzes stocks like TerraVest and Reitman's recovery journey.
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Canadian Stock Discount
- Canadian stocks trade at a significant discount to their U.S. peers, especially those with U.S.-based operations.
- This discount presents an opportunity, particularly given concerns about tariffs and political actions.
Knowledge-Based Industries in Canada
- Canada's strong education system and tech hubs foster knowledge-based industries.
- These industries offer advantages like scalability, high margins, and resilience against tariffs and inflation.
Small-Cap Stock Cycle
- Small-cap stocks experienced a significant sell-off in 2022-2023, leading to cheap valuations.
- This, combined with reversing interest rates, creates a potentially extended positive cycle for these stocks.