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December Stock Update: USA makes China Trade Deal, Restaurant Brands, Nestle

Trade Deal reached in principal

  • USA and China have reached a trade deal in principal, still need final signatures from China ambassador and Trump
  • Cramer says to buy USA financials if the deal goes through: JPM, CITI, BAC, VISA, Mastercard, Goldman Sachs
  • S&P 500 and Nasdaq close at record highs because of the news

Stephen Takacsy, president, CEO and chief investment officer at Lester Asset Management, discusses Restaurant Brands Intl.

  • Looking at carefully, food is competitive industry
  • Burger King, Popeyes, Tim Hortons
  • Company has debt but can handle it, going for worldwide growth
  • Thinks it’s rich/expensive on the valuation side
  • Could potentially grow in Asia
  • Takacsy was down about 15% on his BNN Past Picks
  • Greg Newman was up 45% on his BNN Past Picks

Nestle Stock Review:

  • Darren Sissons, vice president and partner at Campbell, Lee & Ross says that Nestle says he likes it, great company
  • New CEO has done well
  • Global consumer, chocolate, water, coffee
  • Owns L’Oreal, drugs and skincare
  • Up 42% since last year

Other Notes:

  • Goldman Sachs says to buy some food stocks, Outbacks Steakhouse, Brinker International, Bloomin Brands
  • Canadian pot sales in first year of legalization well short of estimates

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