Episode Details
Back to EpisodesTop Stocks to Buy in a Sluggish U.S. Market
Description
In this episode of In the Money with Amber Kanwar we sit down with veteran investor Gordon Reid of Goodreid Investment Counsel who is actively searching for value beyond the usual Magnificent 7 names. Reid explains how he’s managed to outperform by picking strong performers across the other 493 names in the S&P 500—and where he’s finding the most overlooked opportunities today.
Although he does hold some of the usual big tech stocks, he shares 7 stock ideas outside of the Mag 7 that he believes are positioned to outperform, spanning financials, healthcare, and industrials.
Reid offers his long-term perspective on tech concentration, American exceptionalism, and why the AI revolution is still in its early innings. In the mailbag, he weighs in on Novo Nordisk (NVO), Eli Lilly (LLY), Merck (MRK), Elevance Health (ELV), UnitedHealth (UNH), Visa (V), Uber (UBER), and RTX (RTX) — revealing which ones he’s buying, avoiding, or watching closely.
Plus: Reid’s Pro Picks are all about U.S. financials. Find out why he likes Goldman Sachs (GS), Morgan Stanley (MS), and under-the-radar Jackson Financial (JXN) — and what he sees as the next big catalyst for the sector.
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Timestamps
00:00 Show intro with Executive Producer Jillian
03:20 Amber welcomes Gordon Reid
04:30 Gord thinks U.S. exceptionalism is evolving, but there’s a big opportunity in the U.S.
05:30 Thoughts on the AI revolution
08:00 How to balance tech exposure with everything else
11:30 What about tariffs?
14:00 ITM Mailbag: U.S. pharma and Novo Nordisk stock (NVO)
20:00 Elevance Health stock (ELV)
24:40 Visa stock (V)
28:40 RTX stock (RTX)
32:45 Gordon’s thoughts on using CDRs
35:25 Uber stock (UBER)
44:30 Gordon’s Pro Picks: U.S. Banks
Sponsors
This episode is sponsored by BMO InvestorLine. Learn more at https://wealth.bmo.com/wealth/onboard/onlineinvesting/#/set-expectation?lang=en&ecid=pr-2886232INV1-JNBMO20
For over 25 years, Raymond James has been helping Canadians achieve their financial goals. Visit raymondjames.ca today to discover how you can live a life well planned.
Pro Picks is brought to you by ATB Financial. Visit ATB.com/inthemoney for more information.
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DISCLAIMERS
The information provided in this podcast is for informational purposes only and does not constitute financial, investment, or professional advice.The views expressed by the host and guests are their own and do not necessarily reflect the opinions of any organization or company. The host and guests may maintain positions in any securities discussed on the podcast. Always consult with a qualified financial advisor or professional before making any investment decisions.
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