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Michael Giordano.
Michael Giordano.

BNN Market Call

3 top picks from Stone Asset Management’s Michael Giordano Add to ...

Michael Giordano is a portfolio manager at Stone Asset Management. His focus is on resource stocks.

Top picks:

Crescent Point Energy Corp.

First Quantum Minerals Ltd.

Vermillion Energy Inc.

Past picks: May 17, 2012

Suncor Energy Inc.
Then: $27.54
Now: $32.24
Total return: +19.07 per cent

Teck Resources Ltd.
Then: $30.05
Now: $28.20
Total return: –3.77 per cent

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Inter Pipeline Fund
Then: $20.05
Now: $24.17
Total return: +27.03 per cent

Total return average: +14.11 per cent

Market outlook:

The U.S. and global stock markets continue to hit new highs but are vulnerable to a short-term pullback. Excellent profit growth plus economic stimulus measures are fuelling the fire. The U.S. economic recovery is continuing (as housing and auto sales continue to be strong and jobs slowly starting to be created, consumer confidence is boosted) and a soft landing in China is adding to global growth. The commodity sector is under pressure as it continues to face mixed data as the market struggles with slowing Chinese growth.

 
  • CPG-T
  • FM-T
  • VET-T
  • SU-T
  • TCK.B-T
  • IPL.UN-T
Live Discussion of CPG on StockTwits
More Discussion on CPG-T
Live Discussion of FM on StockTwits
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Live Discussion of VET on StockTwits
More Discussion on VET-T
Live Discussion of SU on StockTwits
More Discussion on SU-T
Live Discussion of TCK.B on StockTwits
More Discussion on TCK.B-T
Live Discussion of IPL.UN on StockTwits
More Discussion on IPL.UN-T

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