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Pro Picks: 3 Value Stocks for a Shifting Market

NEW EPISODE: Gold and silver have been rocked in recent weeks, so what should investors do now? According to Jonathan Wellum gold isn’t just a trade — it’s insurance. The President & CEO of ROCKLINC Investment Partners and former money manager to Canadian billionaire Michael Lee-Chin, joins In the Money with Amber Kanwar to lay out why he says gold’s rally is only in the 3rd or 4th inning. Jonathan explains why this cycle still feels early despite the recent sell-off and why sharp volatility hasn’t shaken his long-term thesis.

This segment is brought to you by ATB Financial. With over $100 billion in assets, ATB Financial is powering possibilities for more than 843,000 financial services clients.  ATB Cormark Capital Markets is a leading North American investment firm providing holistic corporate and capital markets advice and full-service financial solutions. Visit www.ATB.com/inthemoney for more information.

Carlisle Companies (CSL)
A leading U.S. provider of roofing, siding, and cladding solutions, seen as a stable, profitable business with growth tailwinds.

  • Exceptional profitability with 30% return on equity and mid-20s returns on invested capital, driven by annuity-like revenue from periodic roof repairs and consolidations via acquisitions in a fragmented market.
  • Currently overlooked and undervalued due to pessimism around the construction sector and rising interest rates, despite ongoing growth and resilience.
  • Undergoing a business shift to higher-value products, benefiting from U.S. reshoring trends, data center builds, and R&D in advanced materials that strengthen its moat in an oligopoly structure.

Mercado Libre (MELI)

The dominant e-commerce and fintech player in South America, operating across 18 countries and positioned for explosive growth in emerging markets.

  • Market leader in e-commerce, three times larger than Amazon in the region, with massive upside in an underpenetrated market where only 5-6% of commerce is online, plus strong advertiser and customer networks.
  • Integrated fintech arm (Mercado Pago) handling over $250 billion in annual financing, adding diversification and high-margin revenue streams.
  • Attractive valuation at an 8% free cash flow yield—cheaper than Amazon on this metric—while benefiting from improving South American economies, conservative governments, and ability to coexist with competitors like Amazon.

Sprott Inc. (SII)

A commodity-focused asset manager with ETFs for gold, uranium, and other resources, offering leveraged play on the ongoing super cycle.

  • Provides broad exposure to rising commodity prices through management of diverse ETFs (gold, silver, uranium, copper, nickel), with assets under management approaching $60 billion and significant operating leverage.
  • Established brand synonymous with physical commodity investing, built on a long-term commitment to the sector even during unpopular times, ensuring sticky assets and competitive edge.
  • Viewed as an appealing acquisition target for larger asset managers at its $3 billion market cap, with potential for premiums, while offering protection against fiat currency devaluation through diversified commodity holdings.

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DISCLAIMERS: This text AI generated and should be checked against actual delivery. The content provided in this podcast is for informational purposes only and does not constitute financial, investment, or professional advice. The views expressed by the host and guests are their own and do not necessarily reflect the opinions of any organization or company. The host and guests may maintain positions in any securities discussed on the podcast. Always consult with a qualified financial advisor or professional before making any investment decisions.

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