Alex Letko Predictions
Portfolio Manager, LetkoBrosseau
Track Alex Letko's public market predictions and forecast accuracy. Each prediction is recorded from the date it was published to its estimated deadline, then graded correct or wrong based on the outcome.
6 forecasts 6 pending
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6 forecasts
Person Subject Forecast* Source Date Deadline** Outcome
Alex Letko S&P 500 The S&P 500 faces meaningful downside risk due to overvaluation, with over 80% of market cap trading above 20x earnings — a level last seen during the dotcom boom In the Money 2026-06-04 2027-06-04 pending
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[6:24] if you look at the proportion of the S&P 500 that is trading above 20 times earnings is over 80% over 80% of all the market cap in the S&P 500 has a more than 20 times earnings price tag on it. the last time that happened uh briefly in the zero interest rate environment during the pandemic but before that all the way back to the dotcom boom and so um we are at a period right now uh widespread uh you know broadly in the market where you have overvaluation risk
Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.
Alex Letko Canadian Banks Canadian bank stocks will be supported at current valuations by incoming pension fund allocations into Canadian financials In the Money 2026-06-04 2027-06-04 pending
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[11:09] I think that um when you think about the pension landscape in Canada and some of the things that the pensions might start to do in terms of maybe look at the Canadian market uh a little bit differently than what they have over the last decade or so and maybe increase some of their allocations to Canada. Some of them have said publicly they're looking at uh this is no secret. Um the first stop might be Canadian financials where the liquidity is there and they have enough uh sort of large scale targets to kind of pad their portfolios. Uh and so um I think that should be a bit of a valuation kind of buffer for the sector as a whole.
Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.
Alex Letko Bce BCE's dividend at 5% is sustainable and the stock is undervalued with limited optimism priced in, implying upside from current levels In the Money 2026-06-04 2026-12-31 pending
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[27:11] we think the valuation is is pretty compelling. I think they're trading at around 13 times earnings or so. The dividend at 5% looks very sustainable to us. Um, and we don't think that there's a lot of optimism priced into the stock at that at that range.
Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.
Alex Letko Canadian Telcos Canadian telcos as a group will see improving financials, including better free cash flow and more sustainable dividends, as the capex cycle ebbs In the Money 2026-06-04 2027-06-04 pending
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[29:16] as a group as a whole, we see that capex uh sort of ebbing uh towards the lower end uh going forward and that should help their free cash flow generation, should help the sustainability of their dividends, ability to pay down their debt and so we see their financials as a group improving overall here.
Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.
Alex Letko Linamar Linamar's earnings will continue to grow over the next several years, and the stock remains attractively valued at less than 10x earnings In the Money 2026-06-04 2029-06-04 pending
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[33:35] the stock still trades at less than 10 times earnings. And so valuation here given the fact that they've been able to grow the business over the last year amazingly um and given the fact that their earnings we believe will continue to grow over the next several years uh valuation is not particularly stretched.
Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.
Alex Letko Oil Oil prices have more upside than downside over the short to medium term due to supply constraints and inventory drawdowns In the Money 2026-06-04 2026-12-31 pending
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[36:07] over the short to medium term, I think there's probably upside to oil prices and simply by virtue of the fact that if you got a resolution and you opened up the straight of Hormuz tomorrow. Well, the Kuwaitis and the Iraqis have said that it's going to take them a little bit longer to ramp up production. The Saudis won't even be able to do it right away. And so you're not going to see this 10 to 15 million barrels per day of supply that's been shut in. You're not going to see it snap back overnight... in the meantime, while all that is happening, you'll continue to run down inventories a little bit... certainly we see a little bit more upside rather than downside.
Extracted by AI from a YouTube transcript. May be inaccurate or missing context. Verify via source. Send a correction.