Investment Q&A

Q: Hello 5i
Earlier you answered a question regarding the space sector giving the following names. My question is which one you would buy right now?

We think FLY, RKLB, VOYG and MDA are the ways to play this sector. ASTS is also interesting. MAXQ is


Thanks

Q: NVDA position has reached 12% of my portfolio thanks to it being at all time high.
Google position has become 17% also to it being at ATH.
Together they compose of 29% of my portfolio!!.

I think I have to sell a bit to manage risk. Of course the playbook is to sell a portion of these guys to buy something under valued that has more upside. But what looks better than NVDA and GOOGLE at the moment?

Q: I own Wallmart Costco and Dollarama in the Consumer defensive sector. They each comprise about 2% of my portfolio holdings for a total of 6%. Would it make sense to just own the big two compounders Wallmart and Costco and sell Dollarama?

Q: Hello 5iTeam,
I sold the only energy stock (ARX) that I had in my
portfolio after it was announced that it has been acquired by Shell. Would you please recommend a Cdn stock (or stocks) to replace ARX.
Cheers,
H

Q: I know you had recently highlighted RKLB as a company to invest in ...wondered what you thought of IRDM?
Thank you

Q: What is your assessment of this small cap company pals. Is there much upside for a company like this?

Q: I have full positions in NVDA, NBIS and GOOG and do not need to add. For additional money directed at the AI theme, please suggest 4 US companies and 4 CDN companies to buy today and hold for 3-5 years. A one sentence explanation for each choice would be appreciated. Thanks

Q: Hi, I'm wondering your thoughts on this company since the last question (September, 2025). And if you think the sector it's in will grow (satellite + earth/weather monitoring)

Q: Can I gift ETF shares to my spouse without incurring capital gains or a sale? If possible, how would I do this?

Q: One of Peter's top picks reported this morning: CECO. Your thoughts on its most recent quarter. Thanks.
Robert

Q: TFII reported earnings that beat estimates but were down from the previous period. What lies ahead for TFII? Will the recent momentum be maintained? Was there anything in the call that surprised you, either positive or negative? Is this a time to increase a position?

Q: Can you please comment on reclassification news and what these means to the sector. Would you step in, do you see a bright future, what would your top 3 choices be ranked in order.

Q: I have had a good run with NVDA, TER and NBIS. I would like to rebalance with some of those gains to bring my percentage position more in line. What other non tech US names would you recommend for a TFSA?
Thank you

Q: This is a follow up to Dennis‘s question on the number of stocks to hold in a portfolio. You have suggested that about 20 (15-25) is all that you need. This may be correct for a conservative investor, but I feel your client base is a little bit more aggressive. Hence 20 conservative stocks, and a dozen more aggressive ones. I have used your advice to help me invest in a dozen smaller or unknown companies of which some have done great, some have done well, some are treading water and some have done poorly. I have started all these at a quarter position, which has worked well over the years. My biggest problem is knowing when to trim the great stocks as a fourfold increase only brings them to a full position. A great problem to have. Thanks for your advice over the years.

Q: Hi 5i Team,
Pls comment on Celestica 1st qtr earning result.
Thanks.

Q: Hello 5i Team
What are your thoughts on Stack Capital valuation?

Thanks
Brent

Q: Hi 5i team,

I’m reading about a thesis and would love your view on it.

The idea is that today’s AI compute scarcity is temporary, kind of like the telecom/bandwidth bubble in the late 1990s. As inference costs keep falling over the next few years, I think the real value will shift from the infrastructure layer (GPUs, hyperscalers, data centers) to the application layer.

However, not every application-layer company will benefit. The ones whose moat is the AI itself could actually get hurt as models become cheap and everywhere. The real winners should be companies with moats that don’t depend on model quality — things like regulated workflows, payment rails, proprietary data, deep system integrations, or network effects. For these companies, cheaper compute should expand margins instead of creating new competition.

Two questions:
1. Does this thesis make sense to you, or do you see any flaws in the logic?
2. In your coverage universe, which names best fit the idea of “moat is the workflow / data / distribution, not the AI itself” and which names’ AI itself ‘might get hurt?

Thanks,
Matt

Q: Sorry for the " subquestions" but all are related to the same stock + the same % of energy investments..What is the best option in my RRSP ? 1) sell now 2) wait for the Shell acquisition and then : a) keep the cash + Shell stocks or b) Sell Shell stocks in order to buy an equivalent US large oil Cie for nontaxable dividends ( XOM ? etc..).

Q: What is the difference between an income security and a dividend payer? I'm asking because that's the "general suggestion" you have for putting securities in certain accounts. Thanks in advance!

Q: Would selling LMN at a loss and buying CSU right away be ok to avoid triggering superficial loss?