Market Call

Alex Ruus' Top Picks: February 13, 2023

Alex Ruus, portfolio manager, Arrow Capital Management

FOCUS: North American stocks 


MARKET OUTLOOK:

Look for 2023 to bring us volatile financial markets as a mix of higher interest rates with a varied economic outlook will give mixed signals to many investors without strong convictions. While we expect stock markets to be generally sideways in 2023, our approach to buying superior companies should once again yield strong returns this year, just as it did in 2022.  

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TOP PICKS:

Alex Ruus' Top Picks

Alex Ruus, portfolio manager at Arrow Capital Management, discusses his top picks: Freehold Royalties, Enbridge, and Element Fleet.

Freehold Royalties (FRU TSX)

Last purchase at $12 in 2022

It is an undervalued oil and gas royalty company with a compelling double-digit free cash flow and a dividend yield of 6.9 per cent.

Enbridge (ENB TSX)

Last purchase at $54 in 2022

It is North America's largest operator of liquid pipelines with assets that are next to impossible to replicate. The company trades at an attractive 16 times earnings and is a dividend aristocrat with a 6.5 per cent yield.

Element Fleet (EFN TSX)

Last purchase at $15 in 2022

North America's leading fleet manager that trades at an attractive 16 times earnings and a dividend yield of 2.1 per cent.

 

DISCLOSURE PERSONAL FAMILY PORTFOLIO/FUND
Freehold Royalties (FRU TSX) Y Y Y
Enbridge (ENB TSX) Y Y Y
Element Fleet (EFN TSX) Y Y Y

 

PAST PICKS: July 29, 2022

Alex Ruus' Past Picks

Alex Ruus, portfolio manager at Arrow Capital Management, discusses his past picks: Polaris Renewable Energy, Tourmalin Oil, and Suncor.

Polaris Renewable ENERGY (PIF TSX)

  • Then: $22.25
  • Now: $14.09
  • Return: -37%
  • Total Return: -34%

Tourmaline Oil (TOU TSX)

  • Then: $80.23
  • Now: $61.52
  • Return: -23%
  • Total Return: -16%

Suncor (SU TSX)

  • Then: $43.46
  • Now: $45.65
  • Return: 5%
  • Total Return: 8%

Total Return Average: -14%

 

DISCLOSURE PERSONAL FAMILY PORTFOLIO/FUND
PIF TSX  Y Y Y
TOU TSX Y Y Y
SU TSX Y Y Y