Investment Q&A

• Watsco Inc. (WSO $381.56)
  • $381.56 P/E (TTM): 29.72X Cap: $15.47B
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Q: Any thoughts on Watsco? Do you think this past year's drawdown is a good opportunity to initiate a new long-term position?

Upvote 1

Read Answer Asked by Patrick on January 05, 2026

Q: Could you tell me what the 2025 total returns were for the TSX, NASDAQ and S&P 550? Thank you and Happy New Year.

Upvote 7

Read Answer Asked by jacques on January 05, 2026

• Surge Energy Inc. (SGY $6.75)
  • $6.75 P/E (TTM): 17.31X Cap: $668M
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Q: Your opinion of Surge Energy? Thanks

Upvote 3

Read Answer Asked by steve on January 05, 2026

• Gold Reserve Ltd. (GRZ $5.55)
  • $5.55 Cap: $660M
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• ConocoPhillips (COP $98.19)
  • $98.19 P/E (TTM): 13.85X Cap: $121.33B
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• Chevron Corporation (CVX $166.26)
  • $166.26 P/E (TTM): 23.38X Cap: $334.76B
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• Marathon Petroleum Corporation (MPC $175.63)
  • $175.63 P/E (TTM): 18.43X Cap: $52.79B
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• SLB Limited (SLB $46.73)
  • $46.73 P/E (TTM): 18.04X Cap: $69.81B
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• Valero Energy Corporation (VLO $183.46)
  • $183.46 P/E (TTM): 37.52X Cap: $55.95B
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• Exxon Mobil Corporation (XOM $129.89)
  • $129.89 P/E (TTM): 18.88X Cap: $547.76B
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• Smurfit WestRock plc (SW $42.71)
  • $42.71 P/E (TTM): 29.95X Cap: $22.30B
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Q: With the United States interim (??) takeover of Venezuela, what US publicly listed interests do you see as benefitting. Initial thoughts are the obvious oil and related infrastructure companies, shipping co's etc. Additionally, what companies have the capacity to handle extraction, refining etc the heavy grade that Venezuela pumps (if refined elsewhere)? Please offer brief thoughts and a short list of US blue chip dividend payers that will benefit. Also state if there are US companies that have outstanding arbitration awards.

Upvote 3

Read Answer Asked by Harry on January 05, 2026

• Enbridge Inc. (ENB $66.17)
  • $66.17 P/E (TTM): 25.3X Cap: $144.33B
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• Canadian Natural Resources Limited (CNQ $47.79)
  • $47.79 P/E (TTM): 15.08X Cap: $99.55B
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• Tourmaline Oil Corp. (TOU $59.04)
  • $59.04 P/E (TTM): 16.92X Cap: $22.84B
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• BMO Equal Weight Oil & Gas Index ETF (ZEO $82.15)
  • $82.15 P/E (TTM): 14.39X Cap: $242M
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Q: I own the BMO Equal Weight Canadian Oil and Gas Index ETF (ZEO) as well as some Canadian Natural Resources (CNQ), Tourmaline Oil (TOU), and Enbridge (ENB). All have done well. But oil prices are expected to fall in 2026 due to excess supply. Plus, with the US takeover of Venezuela, my understanding is that demand for Canadian oil could drop. Could you please rate each as a sell or hold? I hold ZEO in my TFSA if that make a difference. Would you swap any for a US oil company and/or a US Oil and Gas ETF? Thank you.

Upvote 5

Read Answer Asked by Kim on January 05, 2026

• Booking Holdings Inc. (BKNG $5,115.91)
  • $5,115.91 P/E (TTM): 33.33X Cap: $164.90B
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• MakeMyTrip Limited (MMYT $73.90)
  • $73.90 Cap: $8.22B
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• Trip.com Group Limited (TCOM $61.77)
  • $61.77 P/E (TTM): 17.39X Cap: $51.58B
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Q: Not urgent. Are there companies outside of the US that are 'travel' stocks that you would recommend? If not, where would you lean into in the US travel stock list?

Upvote 2

Read Answer Asked by Gregory on January 05, 2026

Q: I realize that CAD/USD exchange rate is historically very hard to predict, but most pundits are calling for US dollar weakness in 2026. About 60% of my portfolio is in US dollar denominated assets. Should I reduce that exposure?

Upvote 8

Read Answer Asked by ROB on January 05, 2026

• Canadian Natural Resources Limited (CNQ $47.79)
  • $47.79 P/E (TTM): 15.08X Cap: $99.55B
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• Whitecap Resources Inc. (WCP $11.60)
  • $11.60 P/E (TTM): 9.91X Cap: $14.08B
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Q: Worried about U.S. seizure of Venezuelan oil.
What price would Wti have to decline before Cnq & Wcp reduce their dividends?

Upvote 6

Read Answer Asked by Terry on January 05, 2026

• Costco Wholesale Corporation (COST $963.61)
  • $963.61 P/E (TTM): 69.18X Cap: $427.71B
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• JD.com Inc. (JD $28.90)
  • $28.90 P/E (TTM): 7.51X Cap: $42B
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• Uber Technologies Inc. (UBER $84.85)
  • $84.85 P/E (TTM): 10.91X Cap: $176.30B
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Q: hi,
I am down ( with percentage in brackets) on the following US equities:
COST(9), JD(29), UBER(11).
which stocks if any would you buy at current levels and please rank best to worst.
cheers, Chris

Upvote 2

Read Answer Asked by chris on January 05, 2026

• Amazon.com Inc. (AMZN $239.12)
  • $239.12 P/E (TTM): 33.77X Cap: $2.55T
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• Broadcom Inc. (AVGO $351.71)
  • $351.71 P/E (TTM): 74.04X Cap: $1.66T
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• Alphabet Inc. (GOOG $330.34)
  • $330.34 P/E (TTM): 32.61X Cap: $3.98T
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• Micron Technology Inc. (MU $362.75)
  • $362.75 P/E (TTM): 47.79X Cap: $408.27B
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• NVIDIA Corporation (NVDA $186.23)
  • $186.23 P/E (TTM): 46.21X Cap: $4.52T
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• QUALCOMM Incorporated (QCOM $159.42)
  • $159.42 P/E (TTM): 31.82X Cap: $170.73B
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• Salesforce Inc. (CRM $227.11)
  • $227.11 P/E (TTM): 30.32X Cap: $212.80B
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• Uber Technologies Inc. (UBER $84.85)
  • $84.85 P/E (TTM): 10.91X Cap: $176.30B
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• RTX Corporation (RTX $201.92)
  • $201.92 P/E (TTM): 41.46X Cap: $270.72B
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Q: I'm looking to start experimenting in 2026 with selling covered calls and cash secured puts (using a smaller % of my overall portfolio). Does 5i have any favourite tickers for this type of activity?

Thanks!

Upvote 6

Read Answer Asked by dan on January 05, 2026

• iShares S&P/TSX Global Gold Index ETF (XGD $58.81)
  • $58.81 P/E (TTM): 8.99X Cap: $4.58B
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Q: Morning
XGD has done well in 2025
Please comment on possible return for 2026
Thank you

Upvote 3

Read Answer Asked by Michael on January 05, 2026

Q: Happy New Year!

What would be your top 3 stocks from each of your Growth, Balanced, and Income portfolios if one was starting out now?

Upvote 23

Read Answer Asked by Stephen on January 05, 2026

• Northrop Grumman Corporation (NOC $666.90)
  • $666.90 P/E (TTM): 23.99X Cap: $95.18B
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• AeroVironment Inc. (AVAV $392.86)
  • $392.86 Cap: $19.61B
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• Kratos Defense & Security Solutions Inc. (KTOS $130.72)
  • $130.72 P/E (TTM): 1005.54X Cap: $22.07B
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• L3Harris Technologies Inc. (LHX $346.46)
  • $346.46 P/E (TTM): 37.21X Cap: $64.80B
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• RTX Corporation (RTX $201.92)
  • $201.92 P/E (TTM): 41.46X Cap: $270.72B
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Q: Hi Peter
As the volatility increases in our world what are your top Us defence companies you would invest at this time .

Upvote 6

Read Answer Asked by Candi on January 05, 2026

• AT&T Inc. (T $23.49)
  • $23.49 P/E (TTM): 7.63X Cap: $166.53B
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Q: Considering the next 3 years: BUY? SELL? or HOLD?

Upvote 2

Read Answer Asked by Ray on January 05, 2026

• Chevron Corporation (CVX $166.26)
  • $166.26 P/E (TTM): 23.38X Cap: $334.76B
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• Exxon Mobil Corporation (XOM $129.89)
  • $129.89 P/E (TTM): 18.88X Cap: $547.76B
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• Canadian Natural Resources Limited (CNQ $47.79)
  • $47.79 P/E (TTM): 15.08X Cap: $99.55B
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• Suncor Energy Inc. (SU $49.74)
  • $49.74 P/E (TTM): 16.15X Cap: $59.61B
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Q: What impact do you think there will be to Canadian oil companies when the US starts to control Venezuelan oil and what timeline. What companies would benefit?

Upvote 11

Read Answer Asked by George on January 05, 2026

• Toronto-Dominion Bank (The) (TD $130.55)
  • $130.55 P/E (TTM): 11.16X Cap: $222.87B
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Q: What is your favourite Canadian big bank in 2026?

Upvote 7

Read Answer Asked by Eric on January 05, 2026

• Costco Wholesale Corporation (COST $963.61)
  • $963.61 P/E (TTM): 69.18X Cap: $427.71B
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• Canadian National Railway Company (CNR $139.28)
  • $139.28 P/E (TTM): 18.9X Cap: $85.72B
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• Constellation Software Inc. (CSU $2,844.99)
  • $2,844.99 P/E (TTM): 65.08X Cap: $60.28B
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• TMX Group Limited (X $51.59)
  • $51.59 P/E (TTM): 31.27X Cap: $14.35B
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• Alimentation Couche-Tard Inc. (ATD $73.80)
  • $73.80 P/E (TTM): 19.29X Cap: $68.32B
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• MercadoLibre Inc. (MELI $2,075.01)
  • $2,075.01 P/E (TTM): 50.65X Cap: $105.19B
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• ASML Holding N.V. (ASML $1,358.57)
  • $1,358.57 P/E (TTM): 60.75X Cap: $534.30B
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• Watsco Inc. (WSO $381.56)
  • $381.56 P/E (TTM): 29.72X Cap: $15.47B
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• Brookfield Corporation Class A Limited Voting Shares (BN $65.91)
  • $65.91 P/E (TTM): 94.74X Cap: $147.99B
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Q: Out of the following 10 stocks - what would be your top 5 right now for future growth.

ASML, COST, MELI, MKL, WSO, ATD, BN, CNR, CSU, X

Upvote 18

Read Answer Asked by Stephen on January 05, 2026

• Pan American Silver Corp. (PAAS $76.80)
  • $76.80 P/E (TTM): 31.91X Cap: $32.41B
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• Discovery Silver Corp. (DSV $9.73)
  • $9.73 Cap: $7.85B
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• First Majestic Silver Corp. (AG $29.90)
  • $29.90 Cap: $14.68B
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Q: We are looking to find a medium to large cap company in the silver sector. What would be your recommendation?

Upvote 6

Read Answer Asked by Joanne on January 05, 2026

• Alphabet Inc. (GOOG $330.34)
  • $330.34 P/E (TTM): 32.61X Cap: $3.98T
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• Intel Corporation (INTC $46.96)
  • $46.96 P/E (TTM): 4696.0X Cap: $205.54B
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• NVIDIA Corporation (NVDA $186.23)
  • $186.23 P/E (TTM): 46.21X Cap: $4.52T
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• Texas Instruments Incorporated (TXN $191.58)
  • $191.58 P/E (TTM): 34.96X Cap: $174.07B
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• Amkor Technology Inc. (AMKR $48.00)
  • $48.00 P/E (TTM): 38.4X Cap: $12.03B
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Q: I want to examine a severe geopolitical scenario and identify potential economic beneficiaries. If heightened geopolitical tensions—say, related to Venezuela—were perceived as creating conditions where China might move against Taiwan, this could disrupt the semiconductor supply chain, particularly affecting TSMC's advanced chip production. I'm anticipating major impacts: NVIDIA's valuation would likely plummet, AI development would face significant setbacks, and chip manufacturing might shift toward Samsung or Intel. AI data center construction and operations would be severely disrupted, hurting related infrastructure companies. In such a scenario, are there any sectors or companies that might actually benefit?"

Upvote 7

Read Answer Asked by Neil on January 05, 2026

• FirstService Corporation (FSV $225.55)
  • $225.55 P/E (TTM): 53.68X Cap: $10.31B
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• Alphabet CDR (CAD Hedged) (GOOG $53.51)
  • $53.51 P/E (TTM): 41.09X Cap: $5.54T
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Q: Which stock FSV or GOOG will have more growth going forward? I understand they are in different sectors.

Thanks for your service!

Upvote 5

Read Answer Asked by Ozzie on January 05, 2026