TopPicks from Barry Schwartz, chief investment officer and portfolio manager, Baskin Wealth Management
Barry Schwartz, chief investment officer and portfolio manager at Baskin Wealth Management, discusses his top picks: Adobe, Netflix, and Canadian Natural Resources.Adobe’s Creative software business is one of the best businesses in the world as a high-margin, sticky, recurring revenue business that benefits from the secular tailwind of growth in digital consumption and creative jobs.
Its competitors are all losing money hand over fist, meanwhile, Netflix should have its most profitable year in 2023. The company is generating strong free cash flow which we think it will use for buybacks as well as acquisitions. We like Netflix’s stock for the long run given the high incremental margins, long runway of opportunity and strong quality of the management. Canadian Natural Resources offers investors a unique opportunity given the recent pullback in energy prices.
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