ADVERTISEMENT

Markets

Keith Richards’ Top Picks for May 22, 2025

Updated

Published

Keith Richards, president and chief portfolio manager at ValueTrend Wealth Management, shares his outlook on technical analysis.

Keith Richards, president and chief portfolio manager, ValueTrend Wealth Management

FOCUS: technical analysis

Top Picks: BMO India Equity Index ETF, Nutrien, Aecon

MARKET OUTLOOK:

Markets gapped up on the Tariff meeting in China news. Widespread risk-on sentiment has returned, but for how long? I recommend investors remain a bit skeptical that the underlying policy disagreements will really get resolved. Also, recall that gaps represent knee-jerk market reactions to news. Sometimes they represent a new uptrend. More often, they see a retreat and “fill the gap.” A measured approach is best. We’ve been holding lots of cash, although have been slowly reducing that cash by focusing on buying positions that are less correlated to markets.

TOP PICKS:

Keith Richards' Top Picks: BMO India Equity Index ETF, Nutrien & Aecon Keith Richards, president and chief portfolio manager at ValueTrend Wealth Management, shares his top stock picks to watch in the market.

BMO INDIA EQUITY INDEX ETF (ZID TSX)

NUTRIEN (NTR TSX)

AECON (ARE TSX)

DISCLOSUREPERSONALFAMILYPORTFOLIO/FUND
ZID TSXYNY
NTR TSXYNY
ARE TSXYNY

PAST PICKS: March 12, 2025

Keith Richards' Top Picks: BMO India Equity Index ETF, Nutrien & Aecon Keith Richards, president and chief portfolio manager at ValueTrend Wealth Management, shares his top stock picks to watch in the market.

ISHARES 20 YEAR T-BOND ETF (TLT NASD)

  • Then: US$89.86
  • Now: US$83.52
  • Return: -7%Total Return: -6%

IMPERIAL OIL (IMO TSX)

  • Then: $96.38
  • Now: $98.49
  • Return: 2%
  • Total Return: 2%

CASH- we are about 28% cash

Total Return Average: -2%

DISCLOSUREPERSONALFAMILYPORTFOLIO/FUND
TLT NASDYYY
IMO TSX YYY