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Cole Kachur’s Top Picks for October 3, 2024

Cole Kachur, senior investment advisor and portfolio manager at Wellington-Altus Private Wealth discusses his outlook for the markets.

Cole Kachur, senior investment advisor, Wellington-Altus Private Wealth

FOCUS: North American stocks, ETFs

Top Picks: Ulta Beauty, Draft Kings, Air Canada

MARKET OUTLOOK:

Markets strength has continued as we pass the three-quarter mark of the year. Our recommendation has been to use any substantial dips as an opportunity to high-grade portfolios and buy back market leaders at a discounted price.

This philosophy has worked very well throughout the year and we expect it to continue to yield results over the next nine months. Markets may come back a bit in October but it’s our belief that this will be temporary and that the bull run will continue for the first quarter of 2025. In a declining interest rate, declining inflation environment, we are recommending clients gain exposure to growth stocks and have a preference of U.S. over Canada. We have a year-end target of 6,000 on the S&P 500 Index and expect that momentum to continue into 2025.

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TOP PICKS:

Cole Kachur's Top Picks: Ulta Beauty, Draft Kings, and Air Canada Cole Kachur, senior investment advisor and portfolio manager at Wellington-Altus Private Wealth discusses his top picks: Ulta Beauty, Draft Kings, and Air Canada.

Ulta Beauty – (ULTA NASD)

Draft Kings – (DKNG NASD)

Air Canada – (AC TSX)

DISCLOSUREPERSONALFAMILYPORTFOLIO/FUND
ULTA NASDYNN
DKNG NASDNYN
AC TSXNYN

PAST PICKS: JULY 21, 2023

Cole Kachur's Past Picks: Advanced Micro Devices, Amazon.com, and iShares Russell 2000 ETF Cole Kachur, senior investment advisor and portfolio manager at Wellington-Altus Private Wealth, discusses his past picks: Advanced Micro Devices, Amazon.com, and iShares Russell 2000 ETF.

Advanced Micro Devices (AMD NASD)

  • Then: US$110.95
  • Now: US$165.27
  • Return:49%
  • Total Return: 49%

Amazon.com (AMZN NASD)

  • Then: US$130.00
  • Now: US$181.55
  • Return:40%
  • Total Return: 40%

iShares Russell 2000 ETF (IWM NYSEARCA)

  • Then: US$194.46
  • Now: US$216.21
  • Return:11%
  • Total Return: 13%

Total Return Average: 34%

DISCLOSUREPERSONALFAMILYPORTFOLIO/FUND
AMD NASDNNN
AMZN NASDNNN
IWM NYSEARCANNN