Globe Advisor spoke with three top advisors about how they’re positioning client portfolios for the new year
Railroad companies are also on his radar because they’re steady performers. He favours Canadian National Railway Co.He’s avoiding small-cap stocks right now except for Exchange Income Corp.“It’s a really profitable company with a nice dividend that grows every year, and [the stock] has a yield of almost 5 per cent,” he says.“It had a terrible 2022, but has been revamping for the past six months,” he says. “It’s a good business, and they’ll get it right.
North America stock markets are poised to recover this year amid signs that inflation and interest rates have peaked, Mr. Linton says.“Our view is that inflation probably hit its high point in the summer when commodity prices started softening.” He says the rebound will likely be more U-shaped versus the V-shaped recoveries following the 2020 and 2008 market collapses that got help from the U.S. central bank easing monetary policy.
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