Jason Del Vicario and Growth Stocks

One of my favourite guests on BNN is growth stock investor JDV. He just recently made an appearance on the 20th of January. He has not been a guest since September 23 2019.

This is for the sexy part of your portfolio where you need some growth assets for your future. Places like your TFSA. 

Jason has recently de-risked his portfolios as he anticipates a coming recession. He actioned this strategy last year. He claims he will always hold positions in growth companies he likes and is also holding long treasuries through TLT.

I don't buy bonds long or short, then again I'm not a paid portfolio manager getting paid bonuses for performance. As a retail investor I'm only interested in what the pros are picking at the moment and why.

With the Dow futures off almost 400 points now is the time to start planning when to buy some of the stocks you've always wanted to own. With this virus outbreak the excuse has been made that the bull run in stocks is over. Is it? Remember December 2018 when the S&P sold off 11%? It then gained it all back in a month. This could be another one of these buying opportunities. Will you act like a contrarian or become a victim?

Jason's Stocks to Buy

ULTA, GIB.A, LSPD (spec buy), SHOP (spec buy), SQ (spec buy), GC, WFC, (weak buy)

PYPL, TOY, and MSFT.

The only stock I hold from this list is MSFT and I'm looking to add more if markets pullback from this latest virus scare. In the payment space JDV likes and holds Mastercard. I own Visa as it's cheaper on a p/e multiple. I have always liked SQ. My barber uses it when I go to pay. Maybe it's here to stay for small business people. More research on my part is needed. I used to hold TOY but sold it last year. Two years ago it was a $58 stock It now trades at $38.

I hear lots of pros recommend Ulta Cosmetics and Fragrance. More DD on my part is due. There must be something proprietary for all these guests to recommend it. Don Lato also top picked it back in October at $238. It now trades at $273. Great ROE at over 37%. Stock has a $368 high in the last 52 weeks. 

Past Picks

DOL Dollarama - up 29% since he picked them a year ago

KL Kirkland Lake Gold - up 61% still holding

TLT - 20 yr. treasury bonds - up 18% in the last year

I used to own KL and DOL but no longer. I am looking for more juice from the gold space and I think holding a major or mid-tier is for PF managers. I own some juniors but I also think there is a ton of time to hop on the gold train. Stocks are lagging behind the commodity price with no sign that institutions are interested in gold stocks. You aren't going to miss anything with loads of time to load up if you want. However right now gold is catching a bid with recent world events and today will tell us a lot about what fund managers are going to do about it.

Don't Buy

MAXR- Maxar Technologies

GE General Electric

DGC Detour Gold

AMD Advanced Micro Devices (partial sell)

Don't own any and have never owned these stocks. 

Watching

LLL Lululemon
GOOS Canada Goose

I don't like retail stocks. I would rather own a DOL or a ATD.B. People always shop for deals,  cheap food and smokes. These high end stores usually become Coach. Remember them? I also don't like the whole goose down industry. I find it cruel when they pluck live animals for feathers just to put in a jacket. This is just more animal abuse. To each his own but not for me regardless of investment potential.

Top Picks

CSU Constellation Software
PXT Parex Resources
TLT 20 yr U.S. Treasury Bonds

I do own CSU. Jason calls it his forever hold stock. It's a great Canadian success story. It trades at $1395 bucks so it's not cheap on a nominal basis. I'm looking to add on weakness. One day it might get to $1500. Can you imagine owning something priced that high?.

I own other names in the oil patch but I'll look into PXT as it's in Colombia without all the warts we have here in Canada. Sounds like a great diversifier. This is the only oil name Jason owns.

My Growth Stocks

AAPL, AMZN, BRK.B, COST, CSU, FB, GOOGL, MSFT and Visa.

Jason was not asked about NFLX. Not one BNN expert has ever picked NFLX. They are all scared of Disney and the fact cash flow doesn't keep up with spending on content. It is and has always been expensive.

No doubt the streaming wars are in full swing. I gotta tell you though, we have Prime Video and Disney at home and the new content just plain sucks.

After you watch Mandalorian there is nothing else worth watching on Disney. Amazon Prime has nothing for me. Maybe I just get sick of B grade TV series. Every once in awhile a great series like Jack Ryan comes along but it's slow in coming.

I like Netflix. I just do. Whether it's going to be a great investment I don't know. But please don't tell me Disney is the bomb. It's just not.

Most kids own an iphone, check their FB every minute, watch youtube videos, post pictures to instagram and watch Netflix. What am I missing on where I should spend some investment dollars?

I might own NFLX soon. I like to own what others hate or are selling. The kids use it and like it and I'm also a  subscriber.

The kids are telling me to own AAPL, FB, GOOGL and NFLX for now. These are the pipelines of the future. They're all getting cheaper during this crisis

Finally

This was just a short post and my thoughts on what a great growth stock investor like JDV is recommending and holding for his clients. Of course this is not a complete picture of his investment thesis or what he buys for everybody.

I don't watch BNN Bloomberg every day (life is too short) but I do get alerts and when Jason is on I set a reminder. You would be well served to do the same.

Great show and thanks for the tips JDV!

Do you buy Growth Stocks? If so, which ones?

Related Posts:

Growth Stocks Part II

North American Growth Stocks