2020 will be a year where looking for value will be harder and harder as P/Es approach a whopping 30-50 on average for many companies, and P/Bs surge into double digits.
Some of my top value stocks include CWB , CU , Canadian Energy (SU, CNQ , ENB , TOU ) and US Energy (FANG) and many precious metals stocks (or etfs, or the physical).
With low interest rates here to stay, I am not big on the financial sector, however, I believe investors will slowly realize soaring government debt will remain a disaster and never be paid back - as such, yields will rise, DXY will fall, precious metals and will rise, and treasury influxes will decline. This should keep financials relatively stable in 2020 with perhaps a 5% gain (after we get out of the 2020 early short). This will also be the catalyst to let precious metals soar from 2020 and onwards, and allow energy stocks as a whole to rebound quite heavily in 2020/2021.
Happy New Year Everyone! Invest smart and look for value.