Paul Harris' Top Picks: November 2, 2021
BNN Bloomberg
Top picks from Paul Harris, partner and portfolio manager, Harris Douglas Asset Management
MARKET OUTLOOK:
Slower economic growth - What happened to the roaring twenties?
Global inflation-stagflation - We believe it is temporary one-off factors, such as supply bottlenecks, semiconductor shortages, and commodity prices - normal coming out of a period of week growth. As the economy normalizes, we see slower growth, lower inflation and higher savings rates - not unlike the GFC.
We continue to believe that technology, healthcare and healthcare technology, financials, consumer staples and discretionary - Amazon and Costco will continue to do well.
TOP PICKS:
Stryker (SYK NYSE) Stryker is one of the world’s leading medical technology companies. The company offers innovative products and services in orthopedics, medical and surgical, neuroethology and spine, and with the acquisition of Wright Medical, will have products for hands and ankles. These products help improve patient and hospital outcomes. The company has 73 per cent of its business in the U.S., 21 per cent is international (developed markets) and 6 per cent in emerging markets.
