Brett Girard, CFO and portfolio manager at Liberty International Investment Management, shared his market outlook and top stock picks on November 13, 2024. He highlighted Great-West Life (GWO TSX), Steris PLC (STE NYSE), and Kelly Partners (KPG ASX) as his top picks for the month. Girard noted a general decline in interest rates, which he believes acts as a stimulus for investment in Canada and beyond, while the U.S. economy continues to show strength despite challenges faced by lower-income households. He emphasized the significance of free cash flow and shareholder yield as critical components for achieving long-term returns. In reflecting on his past recommendations, Girard mentioned Fairfax (FFH TSX) with a remarkable 52% return, TC Energy (TRP TSX) at 50%, and Danaher (DHR NYSE) with a 23% return, showcasing his ability to identify profitable investment opportunities. This analysis comes amidst insights from various Canadian fund managers and experts from La Presse, who have been providing their top picks and portfolio advice for 2024. The managers have been focusing on diversifying across sectors and maintaining a balanced portfolio, with notable recommendations including Jacobs Engineering Group Inc. by Denis Taillefer and Trisura Group Ltd. by Craig Jerusalim. Overall, the investment landscape appears optimistic as experts adjust their asset allocations, anticipating continued strength in the stock markets and a favorable economic environment [bcdab7fc].