Top investing ideas from Dan Rohinton, iA Global Asset Management
Pro Picks: 3 Generational Buying Opportunities
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Dan Rohinton of iA Global Asset Management gave his best investment ideas and he admits he isn’t getting creative with them. He argues that while these names may seem obvious, timing is everything — and right now, they’re priced for opportunity, not perfection. Here’s the breakdown:
1. Microsoft (MSFT)
Microsoft may not be a flashy pick, but Dan sees it as a “generational opportunity” right now.
• Under pressure, but fundamentally strong: The stock has recently dropped to a more-than-one-year low, creating attractive entry points.
• Strategic position in AI: Microsoft benefits from the commoditization of large language models (LLMs). If OpenAI becomes just another tool, Microsoft wins as the distribution powerhouse.
• Free cash flow upside: If AI capex slows, Microsoft is positioned to unlock significant free cash flow, pushing conversion rates back toward 100%.
2. Amazon (AMZN)
Amazon is trading at one of its lowest valuations ever — and Dan believes the market is mispricing its next phase.
• Retail finally delivering profit: Amazon’s retail margins are rising after years of heavy investment, offering a new layer of earnings growth.
• Cloud still dominates: AWS continues to grow at 19%, and like Microsoft, Amazon benefits from the commoditization of AI models via its relationship with Anthropic.
• Valuation disconnect: Despite being the #1 player in e-commerce, Amazon trades cheaper than Costco and Walmart, which Dan calls “a generational buying opportunity.”
3. Alphabet (GOOGL)
Alphabet is the riskiest of the three, but it’s priced like a value stock, not a tech giant.
• Trading at just 15x earnings: With no net debt and an 80%+ EBITDA margin business in Search, Alphabet is massively undervalued.
• AI concerns are overstated: Gemini (Google’s LLM) is competitive with OpenAI, and its massive distribution (Search, Maps, Android) is a long-term moat.
• Room for margin expansion: Alphabet is one of the most bloated organizations, and cost discipline could drive major operating leverage even without top-line growth.
Bonus Mention: Nvidia (NVDA)
Not an official top pick, but Dan is still buying — just sizing carefully.
• Margins remain elite despite pressure.
• Trades at 18x earnings, but the “E” is uncertain.
• Still best-in-class in a tech barbell portfolio balanced with defensives.
