Skip to main content

The Globe and Mail

3 top stock picks from Goodreid‘s Gordon Reid

Gordon Reid is president and CEO of Goodreid Investment Counsel. His focus is on U.S. equities.

Top picks:

Halliburton Co.

Story continues below advertisement

Strong international operations are driving profitability at this services and equipment oil concern. North American rig counts have been depressed but should rebound as the drive toward domestic energy self-sufficiency strengthens.

Hornbeck Offshore Services

Hornbeck is an offshore oil service transportation company, providing vessels to move equipment and supplies and to reposition drilling rigs. The industry is showing clear signs of having troughed as day rates and utilization rates are on the rise.

Walt Disney Co.

In addition to its parks and resorts business (30 per cent of revenue) Disney is perfectly positioned to capitalize on the growing value of content (via its film studios and television networks) in a world that covets flexibility in the form of streaming and mobility.

Past picks: March 14, 2012

Visa Inc.

Story continues below advertisement

Then: $116.75 Now: $159.57 TR: +37.78 per cent

Caterpillar Inc.

Then: $112.27 Now: $89.30 TR: –18.66 per cent

Air Methods Corp. (3-for-1 split, Dec. 14, 2012)

Then: 89.16 Now: 49.11 TR: +76.09 per cent

Total return average: +31.74 per cent

Story continues below advertisement

Market outlook:

While U.S. equity markets have recently eclipsed their 2007 levels, investors should note that corporate earnings are 20 per cent greater than they were in 2007, resulting in a more reasonably valued market with room to grow.

Report an error Editorial code of conduct
As of December 20, 2017, we have temporarily removed commenting from our articles as we switch to a new provider. We are behind schedule, but we are still working hard to bring you a new commenting system as soon as possible. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.