Wong's Top Picks: TransDigm, Visa, and Ferrari Lead Baskin Wealth Management Recommendations

On September 22, 2026, Ernest Wong, head of research at Baskin Wealth Management, shared his outlook on North American oil, gas, and utility stocks. According to Wong, the U.S. stock market remains largely driven by artificial intelligence (AI), with 40 per cent of the S&P 500 related to AI, semiconductors, or data centre spending.

The Canadian economy has remained resilient despite tariff uncertainty with the U.S., and Prime Minister Mark Carney has made economic growth and productivity a key priority. The tax incentives for investment, streamlined regulatory approvals, and new trade agreements with other countries will provide stimulus to the economy.

In this market environment, Wong finds attractive value in high-quality businesses that don't participate in AI but continue to generate strong free cash flows and gain market share.