In this episode of In the Money with Amber Kanwar we sit down with veteran investor Gordon Reid of Goodreid Investment Counsel who is actively searching for value beyond the usual Magnificent 7 names. Reid explains how he’s managed to outperform by picking strong performers across the other 493 names in the S&P 500—and where he’s finding the most overlooked opportunities today. 

Although he does hold some of the usual big tech stocks, he shares 7 stock ideas outside of the Mag 7 that he believes are positioned to outperform, spanning financials, healthcare, and industrials.

Reid offers his long-term perspective on tech concentration, American exceptionalism, and why the AI revolution is still in its early innings. In the mailbag, he weighs in on Novo Nordisk (NVO), Eli Lilly (LLY), Merck (MRK), Elevance Health (ELV), UnitedHealth (UNH), Visa (V), Uber (UBER), and RTX (RTX) — revealing which ones he’s buying, avoiding, or watching closely.

Plus: Reid’s Pro Picks are all about U.S. financials. Find out why he likes Goldman Sachs (GS), Morgan Stanley (MS), and under-the-radar Jackson Financial (JXN) — and what he sees as the next big catalyst for the sector.

💬 Got questions? Drop them in the comments or email us at [email protected]
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Timestamps

00:00 Show intro with Executive Producer Jillian
03:20 Amber welcomes Gordon Reid
04:30 Gord thinks U.S. exceptionalism is evolving, but there’s a big opportunity in the U.S.
05:30 Thoughts on the AI revolution
08:00 How to balance tech exposure with everything else
11:30 What about tariffs?
14:00 ITM Mailbag: U.S. pharma and Novo Nordisk stock (NVO)
20:00 Elevance Health stock (ELV)
24:40 Visa stock (V)

28:40 RTX stock (RTX)
32:45 Gordon’s thoughts on using CDRs
35:25 Uber stock (UBER)
44:30 Gordon’s Pro Picks: U.S. Banks 

Sponsors

This episode is sponsored by BMO InvestorLine. Learn more at https://wealth.bmo.com/wealth/onboard/onlineinvesting/#/set-expectation?lang=en&ecid=pr-2886232INV1-JNBMO20

For over 25 years, Raymond James has been helping Canadians achieve their financial goals. Visit raymondjames.ca today to discover how you can live a life well planned.

Pro Picks is brought to you by ATB Financial. Visit ATB.com/inthemoney for more information. 

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The information 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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The opinions and views expressed in this presentation are those of the presenter and not necessarily BMO InvestorLine Inc. This presentation is prepared as a general source of information and is not intended to provide legal, investment, accounting or tax advice, and should not be relied upon in that regard. If legal or investment advice or other professional assistance is needed, the services of a competent professional should be obtained. Any information contained in this presentation does not constitute and shall not be deemed to constitute advice, an offer to sell/purchase or as an invitation or solicitation to do so for any entity. The content of this presentation is based on sources believed to be reliable, but its accuracy cannot be guaranteed. BMO InvestorLine Inc. and its affiliates, sponsors and employees do not accept responsibility for the content and makes no representation as to the accuracy, completeness or reliability of the content and hereby disclaims any liability with regards to the same.

In the Money delivers expert stock picks, market analysis, and timely investing insights. Hosted by business journalist Amber Kanwar, each episode features interviews with top portfolio managers and financial experts. Covering everything from ETFs and Canadian stocks to global investing trends, dividend strategies, and risk management, this show is made for DIY investors, stock market enthusiasts, and anyone looking to sharpen their financial strategy.

Contact: [email protected]

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