Investment Q&A

• Alcoa Corporation (AA $61.82)
  • $61.82 P/E (TTM): 12.45X Cap: $16.14B
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• Caterpillar Inc. (CAT $740.29)
  • $740.29 P/E (TTM): 37.32X Cap: $347.29B
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• Eaton Corporation PLC (ETN $379.76)
  • $379.76 P/E (TTM): 37.38X Cap: $146.44B
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• Lockheed Martin Corporation (LMT $635.13)
  • $635.13 P/E (TTM): 34.72X Cap: $146.85B
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• Parker-Hannifin Corporation (PH $988.49)
  • $988.49 P/E (TTM): 34.79X Cap: $123.54B
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• Eagle Materials Inc (EXP $229.70)
  • $229.70 P/E (TTM): 16.67X Cap: $7.13B
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• Trane Technologies plc (TT $463.63)
  • $463.63 P/E (TTM): 35.04X Cap: $101.76B
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• RTX Corporation (RTX $195.28)
  • $195.28 P/E (TTM): 40.79X Cap: $263.34B
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Q: Hypothetically, if a gradual increase in US manufacturing does occur, are there any names poised to outperform?

Upvote 3

Read Answer Asked by Andrew on April 08, 2025

Q: Which would you prefer HPS.A, TVK or VHI from a growth perspective?

Thanks for your service?

Upvote 10

Read Answer Asked by Ozzie on April 08, 2025

• Thermo Fisher Scientific Inc (TMO $543.45)
  • $543.45 P/E (TTM): 31.36X Cap: $205.42B
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• Waters Corporation (WAT $325.98)
  • $325.98 P/E (TTM): 35.05X Cap: $19.53B
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• IDEXX Laboratories Inc. (IDXX $643.06)
  • $643.06 P/E (TTM): 51.12X Cap: $51.08B
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Q: Good Morning Peter, Ryan, and Team.
I would like your opinion of TMO at today's price ??
Thank you for your expert analysis. DL

Upvote 4

Read Answer Asked by Dennis on April 08, 2025

• GFL Environmental Inc. subordinate voting shares (GFL $58.78)
  • $58.78 P/E (TTM): 6.34X Cap: $20.97B
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Q: Could you please provide a more detailed rationale for your latest addition to the Balanced Portfolio. GFL.

How is the current valuation and debt, compared to its competitors ?

Could you also explain the recent secondary offering by some of its institutional share holders and the shares buyback by the Co.

Although, stock dropped on Friday, alongside the market, but do you consider the Co to be a decent hedge during uncertain tariff times ?

What will 5i rating for the Co, if you were to provide one ?

Thank You

Upvote 2

Read Answer Asked by rajeev on April 08, 2025

• BMO S&P 500 Index ETF (ZSP $103.21)
  • $103.21 P/E (TTM): 25.89X Cap: $21.46B
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• BMO Equal Weight Banks Index ETF (ZEB $60.86)
  • $60.86 P/E (TTM): 15.25X Cap: $5.32B
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• iShares Core S&P/TSX Capped Composite Index ETF (XIC $52.99)
  • $52.99 P/E (TTM): 14.32X Cap: $24.30B
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• iShares S&P/TSX Capped Information Technology Index ETF (XIT $65.60)
  • $65.60 P/E (TTM): 57.34X Cap: $667M
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• iShares S&P/TSX Canadian Dividend Aristocrats Index ETF (CDZ $42.78)
  • $42.78 P/E (TTM): 15.96X Cap: $1.12B
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• Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY $65.43)
  • $65.43 P/E (TTM): 13.44X Cap: $6.21B
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• iShares Core MSCI Canadian Quality Dividend Index ETF (XDIV $37.76)
  • $37.76 P/E (TTM): 12.05X Cap: $4.03B
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• BMO Nasdaq 100 Equity Index ETF (ZNQ $110.28)
  • $110.28 P/E (TTM): 29.51X Cap: $1.92B
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Q: Could you please provide your top 5 Canadian ETFS and top 3 dividend Canadian ETFs.  Rank the ETFs as well

Upvote 7

Read Answer Asked by Don on April 08, 2025

Q: Following up to Bens question on market multiples - does 5i have a website recommendation to reference current and archived multiples for respective NA Market index s ?

Upvote 3

Read Answer Asked by Brant on April 08, 2025

• Duke Energy Corporation (Holding Company) (DUK $123.29)
  • $123.29 P/E (TTM): 19.24X Cap: $94.65B
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• NextEra Energy Inc. (NEE $91.71)
  • $91.71 P/E (TTM): 28.49X Cap: $186.35B
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• American Water Works Company Inc. (AWK $124.89)
  • $124.89 P/E (TTM): 21.85X Cap: $23.99B
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• State Street Utilities Select Sector SPDR ETF (XLU $44.29)
  • $44.29 P/E (TTM): 23.28X Cap: $22.15B
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• Invesco Water Resources ETF (PHO $73.93)
  • $73.93 P/E (TTM): 28.32X Cap: $2.19B
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• Atmos Energy Corporation (ATO $172.66)
  • $172.66 P/E (TTM): 22.97X Cap: $28.42B
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Q: Please suggest some US utilities, either individual companies or ETF that make sense these days. Thanks

Upvote 3

Read Answer Asked by alex on April 08, 2025

• North West Company Inc. (The) (NWC $52.95)
  • $52.95 P/E (TTM): 17.95X Cap: $2.51B
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Q: North West has bucked the market trend rising 13% in the last two weeks on good volume. Is it that increased spending in the Northern stores is expected due to settlements or is there some other factor at play? They report Q4 April 9.

Upvote 4

Read Answer Asked by Jeff on April 07, 2025

• Dow Inc. (DOW $33.73)
  • $33.73 Cap: $23.01B
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Q: Hello your thoughts on DOW please

Upvote 1

Read Answer Asked by George on April 07, 2025

Q: If you own (cost basis) over $100,000 (I believe) of foreign stock, you need to fill out a T1135 form. My question is, if you owned EFTs for foreign companies, and purchased those EFTs on a Canadian market, will those EFTs need to be included on the T1135?

I know this is a tax question, but I hope it has an easy answer. Thanks.

Upvote 3

Read Answer Asked by Brad on April 07, 2025

• Hammond Power Solutions Inc. Class A Subordinate Voting Shares (HPS.A $196.98)
  • $196.98 P/E (TTM): 29.23X Cap: $2.37B
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• GFL Environmental Inc. subordinate voting shares (GFL $58.78)
  • $58.78 P/E (TTM): 6.34X Cap: $20.97B
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Q: Which would you prefer HPS.A or GFL from a growth perspective?

Thanks for your service?

Upvote 5

Read Answer Asked by Ozzie on April 07, 2025

• Vanguard S&P 500 ETF (VOO $637.59)
  • $637.59 P/E (TTM): 25.69X Cap: $842.63B
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• INVESCO QQQ Trust (QQQ $613.06)
  • $613.06 P/E (TTM): 30.22X Cap: $405.05B
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• Schwab US Dividend Equity ETF (SCHD $31.37)
  • $31.37 P/E (TTM): 16.79X Cap: $82.98B
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Q: A large portion of my portfolio is VOO, QQQM and SCHD. Would you recommend buying QQQ, VOO or SCHD when they are currently available for less from their highs?

Upvote 2

Read Answer Asked by Don on April 07, 2025

• Apple Inc. (AAPL $274.01)
  • $274.01 P/E (TTM): 37.28X Cap: $4.03T
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• NVIDIA Corporation (NVDA $189.16)
  • $189.16 P/E (TTM): 46.01X Cap: $4.61T
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• Aritzia Inc. Subordinate Voting Shares (ATZ $115.49)
  • $115.49 P/E (TTM): 47.1X Cap: $13.13B
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• Canada Goose Holdings Inc. Subordinate Voting Shares (GOOS $16.36)
  • $16.36 P/E (TTM): 64.12X Cap: $1.56B
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• RH (RH $212.90)
  • $212.90 P/E (TTM): 38.6X Cap: $3.96B
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Q: Hi,

Assuming that this trade war comes to a quick end…… what would be the best picks at this time ?

Any thoughts on Apple or nvdea

Upvote 7

Read Answer Asked by HARRY on April 07, 2025

• BetaPro S&P 500 -2x Daily Bear ETF (SPXD $10.86)
  • $10.86 P/E (TTM): 32.08X Cap: $49M
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Q: Hi,

I'm a conservative, almost 60yr old inverter who, last Friday, panicked and shifted about half of my portfolio into ETF bonds as a safer haven for now due to Trump's global tariff mayhem. Now, of course, I'm considering the unthinkable - Canadian inverse bear ETF's to try to get some money back from the crash. I may never have the nerve to do such a thing since I realize there is a high-risk gamble, no dividend and high fees involved. Is there anything else I should be aware of before I dip my toe into such extreme ETF's ?? Is it better to stay in CAD or shift to USD ?

Thanks - Nick

Upvote 1

Read Answer Asked by Nick on April 07, 2025

Q: Would you agree that these unusual times, as 5i describes it, represents an unprecedented period where investors cannot decouple politics and economics?
Thanks in advance for your help during this turbulence.

Upvote 10

Read Answer Asked by Jerry on April 07, 2025

• Parkland Corporation (PKI $39.84)
  • $39.84 P/E (TTM): 21.03X Cap: $6.94B
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Q: Dear 5i team.

Would appreciate your updated views on PKI with the recent news that Simpson is taking steps to field 9 new board members.
What is your educated guess on how this plays out?
I see the chart indicating a bounce opportunity as it's trading back to levels currently that look like triple bottom to my non educated eye.

Appreciate your assesment.

Upvote 2

Read Answer Asked by Arthur on April 07, 2025

• iShares China Index ETF (XCH $25.42)
  • $25.42 P/E (TTM): 48.28X Cap: $210M
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• iShares MSCI Emerging Markets ex China ETF (EMXC $82.70)
  • $82.70 P/E (TTM): 6.45X Cap: $16.38B
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Q: Hi, I would appreciate if you could suggest a best ETF to invest in China. Also, if you can suggest an ETF for Emerging Markets with less focus on China.

Upvote 2

Read Answer Asked by Harpinder on April 07, 2025

• iShares Japan Fundamental Index ETF (CAD-Hedged) Common Class (CJP $14.39)
  • $14.39 P/E (TTM): 32.91X
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• iShares MSCI Japan ETF (EWJ $93.03)
  • $93.03 P/E (TTM): 38.8X Cap: $18.07B
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• BMO Japan Index ETF (ZJPN $48.04)
  • $48.04 P/E (TTM): 38.67X Cap: $539M
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Q: Hi, I would appreciate if you can suggest an ETF for investment in Japan. Both Hedged & Unhedged options.

Upvote 1

Read Answer Asked by Harpinder on April 07, 2025

• Broadcom Inc. (AVGO $341.76)
  • $341.76 P/E (TTM): 70.09X Cap: $1.63T
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• NVIDIA Corporation (NVDA $189.16)
  • $189.16 P/E (TTM): 46.01X Cap: $4.61T
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• Capital Power Corporation (CPX $58.53)
  • $58.53 P/E (TTM): 20.44X Cap: $9.14B
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• Astera Labs Inc. (ALAB $185.40)
  • $185.40 P/E (TTM): 77.2X Cap: $31.69B
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• Nebius Group N.V. (NBIS $93.87)
  • $93.87 Cap: $22.11B
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• Tesla CDR (CAD Hedged) (TSLA $37.22)
  • $37.22 P/E (TTM): 201.52X Cap: $2.11T
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• Microsoft CDR (CAD Hedged) (MSFT $29.54)
  • $29.54 P/E (TTM): 29.41X Cap: $4.19T
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• Amazon.com CDR (CAD Hedged) (AMZN $24.08)
  • $24.08 P/E (TTM): 38.03X Cap: $3.06T
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Q: I have the above stocks all at significant $$ losses in my trading account. I don't need to sell any, but am wondering if I should sell and switch to other similar stocks to lock in capital losses. Do you have an opinion on which you'd sell tomorrow - and a proxy for an equivalent or better replacement. And which ones you would keep due to their unique positioning in the current market? I don't really want to sell and wait 30 days to rebuy the same stock.

Upvote 5

Read Answer Asked by Kel on April 07, 2025

Q: How does RETURN OF CAPITAL affect ones annual Canadian tax return and does one have to keep track of them over longer periods of time? Thanks

Upvote 6

Read Answer Asked by george on April 07, 2025