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  5. BNS: Good day, I did some rebalancing based on your response to my Feb question. [Bank of Nova Scotia (The)]
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Q: Good day,

I did some rebalancing based on your response to my Feb question. I bought GOOG which paid off, GXE which sort of didn't (yet), and held the rest, and definitely should have listened on LLY and TFII... Wow.

My NVDA took off, and I believe ZWT mostly gained from it and the mega caps as well. NWH.un continues to wallow.

I'm looking to diversify, as I'm heavily concentrated in tech and Energy. Are there any materials that you expect to have a high demand on the horizon? Similar to Uranium/Lithium

Would you take some NVDA gains, and sell ZWT (I hold AMZN, GOOG, NVDA, TSLA separately), Sell NWH, in the current market, and then where in the above sections would would distribute it? Did I miss the boat on TFII and LLY?

I've also held BNS on and off the last 5 years, would you exit that in the current interest market?

Please recommend a couple options in each of a few sectors that you find most compelling right now, thanks.

[Apologies for the disjointed question, the text box on mobile is pretty small]
Asked by James on August 14, 2023
5i Research Answer:

Keep in mind we can't give personal guidance. For investors looking to diversify into materials, we can suggest CCO, TECK.B, CS, NTR. We have some comments on NWH.UN today in the archives. We still like NVDA a lot, but we would keep weightings at a comfortable level. No doubt it will be extra volatile when it releases earnings on Aug 23. Expectations are very high after its big run. We would be prepared for a 10% move (either way). ZWT we think is fine, but in a rally in could go up 'less' than a straight tech ETF. Still, it is up 45% this year and we are comfortable with the sector. We would not forget diversification. Some other stocks we like in other sectors include: TRI, BN, WSP, ATS, FTS, BEPC, L, AEM, DOO. 

Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in NVDA.

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