Paul Harris of Harris Douglas: Three stocks to buy on the tariff sell-off
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Pro Picks from Paul Harris of Harris Douglas Asset Management
1. Alphabet (GOOGL) – The Most Undervalued Tech Stock?
What it is:
• Parent company of Google, YouTube, and various AI and cloud services.
• A dominant force in digital advertising with over 30% market share.
• A leader in AI development, despite some recent stumbles.
Catalysts for growth:
• YouTube & Cloud Growth: Video streaming and cloud computing are major revenue drivers.
• Waymo: Its self-driving division has more data than Tesla but remains undervalued.
• AI Integration: Despite concerns, Alphabet remains a major AI player, refining its search and ad business.
How high could it go?
• Trades at just 20x earnings, below the market multiple.
• Strong fundamentals suggest continued growth, especially as AI and cloud expand.
• A long-term compounder that could see a re-rating if AI execution improves.
2. Stryker (SYK) – A Medical Device Powerhouse
What it is:
• A leader in medical devices, specializing in orthopedic implants like hips, knees, and spines.
• Recent acquisition of Wright Medical expands its reach into hands and ankles.
• 70% of its revenue comes from the U.S., with strong international growth potential.
Catalysts for growth:
• Aging Population: More demand for joint replacements as people live longer.
• Surgeon Loyalty: Doctors tend to stick with the same products once trained.
• M&A Strategy: Constantly acquiring smaller firms to expand its product line.
How high could it go?
• The stock is near all-time highs, but its steady growth suggests an 8–10% annual return.
• A strong compounder with potential for higher upside as demand for medical devices increases.
3. Canadian Natural Resources (CNQ) – A Top-Tier Canadian Oil Play
What it is:
• One of Canada’s largest and best-run oil producers.
• Known for efficient project execution and smart acquisitions.
Catalysts for growth:
• Disciplined Capital Allocation: Buying back shares, reducing debt, and reinvesting efficiently.
• Oil Price Stability: Harris believes oil should trade between $80–$90 per barrel, supporting profitability.
• Undervalued Stock: Trading near 52-week lows despite strong fundamentals.
How high could it go?
• Offers a solid dividend while waiting for oil prices to stabilize.
• A well-run business with long-term upside as energy markets normalize.
What do you think of these picks? Let us know!
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