BNN - Wednesday, May 22, 2024 - 06:00 p.m. (ET) - Segment #3

But on the Meta it's, it's all about generating. So they don't have the search side but they have the generation side. And so, they do have different advertisers out there. So currently trading, what, around 471. We have a 12 month price target of 526. So I think you could, you could pick it up here but remember down at levels, like, around 445 and certainly around 420 is a good place to buy. >> Okay. Those are Kim Bolton's past picks and how they returned over the period from July 11th last year today. Marvell Technology, Microsoft, and Meta Platforms. We want to take a moment to say thanks and happy birthday to a long time viewer of Market Call. Dominic Trotti has been watching this show for years and uses the insights of our guests as one of his inputs into the portfolio decisions he makes as he manages his family's investments. Dominic works as a dentist in Woodbridge, Ontario. His wife Amanda, also a dentist, brought Dominic to downtown Toronto today and as a complete surprise to Dominic into our newsroom where the couple met some of the BNN Bloomberg team. And Dominic's daughter Serena had this cake made to celebrate the big day. That's got to be a first, a BNN Bloomberg birthday cake! We like it! Dominic, from all of us at BNN Bloomberg, happy birthday. We'll be back with Kim Bolton right after this. He's president and portfolio manager at Black Swan Dexteritas. At Pet Valu, we treat your pet like our pet. Well, Georgie, it's time for adult food. And there's a lot of great options to choo... too choose from. They grow up so fast. I know... I do this like ten times a day. Did you know most dish soaps don't remove all the grease, even with scrubbing? Not mine. These are clean. How 'bout we take a closer look... Whaaat? I just cleaned those! Switch to Dawn Platinum. It powers through and removes 99% of grease and food residue. Including stubborn, invisible grease other dish soaps can leave behind. Now, that's... clean! That's why only Dawn is trusted to save wildlife affected by oil. Dawn Platinum cleans to the squeak. - [Narrator] The Ninepoint Web3 Innovators Fund. Get exposure to digital assets and to innovative companies leveraging Web3 technologies today. The Ninepoint Web3 Innovators Fund. Available on the TSX, ticker TKN. Ninepoint. (Dynamic music)If you've recently bought a homein Canada, there are changes to the taxrules you should be aware of. Generally speaking, theprincipal residence exemption allows Canadians to not pay anytax on the capital gains they receivewhen selling their home. The CRA doesn't actually specifyhow long an individual must live in the house toqualify, just that it's what it calls, ordinarily inhabitedwithin a calendar year. However, under new anti-flippingrules, the CRA says that if you own the home for lessthan 365 days, and are selling itto realize a profit, gains from the sale will betreated as business income and will be 100% taxable. Keep in mind there are specialcircumstances and exceptions the CRA considers aroundprincipal residence exemptions, so it's always best to check orspeak with a trusted advisor. I'm Kim Parlee, and that's yourMoney Talk Minute. . IT'S SPRING TIME IN PARIS AND THE KINGS AND QUEENS OF CLAY HAVE COME OUT TO PLAY Tennis played on another planet That is a piece of art right there Ooo lala! ROLAND GARROS ON TSN AND TSN+ >> Welcome back. Let's resume with your questions to Kim Bolton. Carl is in Toronto and he's our next caller. Carl, thanks a lot for calling. >> Caller: (On phone)Hi, Paul. Thank you for taking my call. Kim, about 18 months ago you spoke about Converge Technology Solutions and you were pretty favourably disposed to the company and I think you had a target of mid-8s at that time. And then a year progressed and when you were on September you were a little less enthused because you thought it was a very competitive industry and you were worried that they weren't making any profits. Well, I think the company listened to you. They hired a, pretty much of a cracker jack CFO and they seemed to be much more focused on the bottom line now. And as a result, they're integrating their acquisitions instead of just continuing to acquire more companies. And they've had good share buybacks, their lowering their float and as result the stock price has almost doubled since you spoke about

it last September. So with that in mind, I'm wondering whether you're now more favourably disposed of CTS and if so, how do you see the company going forward from here? >> Kim: Thanks, Carl. Wow, I should hire you. (Laughing) Um, so yeah, we've been following it and with the, with the new expertise that they brought into the company. It's really sort of come up on the radar. We have-- we have a 12-month price target of right up at the peak there around the 6.25 level which isn't that-- it's a dollar away. I think if you actually can sort of break that top, Karl, I think that will be an opportunity to actually get back in and you can see it sort of roared back up toward-- you know if it goes through that 6.25 it has that sort of 6.75 and then there is nothing between there and like $10. Karl, we don't tone right now. We are watching it very, very carefully. Thanks for dogging your homework with on that. And yeah, if it goes over 6.25 we will be back in. >> Okay. Thanks for the call, Karl. Let's get to Brad now. Brad is in Markham, Ontario. Hi, Brad. >> Caller: (On phone)Good afternoon. I am calling today about Arista Networks. Kim, can you explain what they do and whether you own it or would recommend it. Thanks. >> Thanks, Brad. We don't own it. We follow it very, very closely. You can see it just sort of turned over recently and really very much because of Cisco that came out and gave their earnings I think it was just last week, and they seemed to be getting some market share. So currently trading right around that 319. A lot of the analysts including ourselves out there are sort of around anywhere from sort of 305 to 325 so it's sort of fully priced right now. Actually, Karl-- or Brad, I'd actually recommend if you own Arista I would hold on to it and if you have some money that you were going to invest in Arista I would actually put some into their competitor Cisco. By the way, the management team-- or the very senior management team of Arista actually came from Cisco. That was many moons ago. >> Okay, thanks, Brad, for your call on Arista. Let's go to Vancouver. Katie is on the line. Hi, Katie. >> Caller: (On phone)Thank you for taking my call. I just wanted to find out, you know, Taiwan Semiconductor was always around 100 or lower and then now it's starting to move up quite a bit. So is it still a good time to buy and what is the future prospect? >> Thanks, Katie. Currently trading right around that 154. Sorry, 156. The average analyst out there, Katie, has a 156 price target right where it is right now. So it's pretty-- but you know they are running at a hundred per cent plus some. It will be interesting to see how it actually pans out tonight with Nvidia because Nvidia is one of the biggest Taiwan Semiconductor's biggest clients. So, Katie, I wouldn't sell it. But with it trading up at this level I would actually write some calls. The volatility on Taiwan Semiconductor means you can probably get some pretty good premium out of writing calls up around a that sort of 159 to 160 level. And keep new it as long as you just track it and you just don't get traded out of it and get taken out of your position. That's what I would recommend. >> Okay. Thank you, Katie. Let's go to Frank. Frank is calling from Mississauga. Hi, Frank. >> Caller: (On phone)Hi, thank you for taking my call, Kim. You definitely need to be on BNN more often. My question is for ALAB but I think you touched on it when you spoke about Micron. So I don't know if you want to expand on that. I was listening to Nvidia's CEOs announcement yesterday I think with what they did with Dell and they were taking to Service Now CEO as well and specifically Service Now's CEO

Copyright protected and owned by broadcaster. Your licence is limited to private, internal, non-commercial use. All reproduction, broadcast, transmission or other use of this work is strictly prohibited.

Transcripts