David Baskin's Top Picks: January 25, 2022
BNN Bloomberg
Top picks from David Baskin, president, Baskin Wealth Management
MARKET OUTLOOK:
The correction since the start of the year has been swift and brutal. Starting as a culling of highly-priced speculative stocks, the scope has widened into a wide-spread “risk off” event.
There are certainly lots of things for the market to worry about including inflation, rising interest rates, the situation in Eastern Europe and of course the ongoing pandemic.
Nonetheless, we feel that the selling has become indiscriminate and that a number of stocks are being sold without regard to their value. This of course gives rise to buying opportunities. As always, we do not sell into market corrections.
TOP PICKS:
Netflix (NFLX NASD) Netflix is a growing global company offering superior content. It has good pricing power. Fears of slowing growth have led to an over-aggressive sell-off of the stock, making it very inexpensive.
