A: HubSpot Inc., $632.60, symbol HUBS on New York (Shares outstanding: 51.0 million; Market cap: $30.1 billion; www.hubspot.com), provides a cloud-based marketing and sales software platform....

A: Primo Water Corp., $30.83, symbol PRMW on Toronto (Shares outstanding: 160.0 million; Market cap: $5.0 billion; www.primowatercorp.com), is a North America-focused water provider that operates in the large-format category, which is defined as three gallons or greater.

The company compares its business to selling razors and razorblades....

Averaging down is the antiquated investment practice of buying more shares of a stock you own as the price falls. The goal is to cut your average cost per share. That way, you make more money (more per share, at least) when the stock turns around and goes up.

Another way of looking at averaging down is that you’re betting you were right when you bought the stock in the first place....

EDGEWELL PERSONAL CARE CO., $38.95, symbol EPC on New York, is a leading consumer products company whose brands include Schick, Wilkinson Sword, Edge, Playtex, Wet Ones, Banana Boat, and Hawaiian Tropic. It generates 59% of its revenue in the U.S. and 41% internationally.

Energizer Holdings Inc....

DRAFTKINGS INC., $40.81, is still a buy. The digital sports entertainment and gaming company (symbol DKNG on Nasdaq) currently provides sports betting in several U.S. states: Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Louisiana, Michigan, Mississippi, New Hampshire, New Jersey, New York, Oregon, Pennsylvania, Tennessee, Virginia, West Virginia, Wyoming, Ohio, Kentucky and Massachusetts....

EMERA INC., $48.87, Toronto symbol EMA, is a buy.

The company owns 100% of Nova Scotia Power, that province’s main electricity supplier. It also owns 100% of Teco Energy, which supplies electricity and natural gas to 1.3 million customers in Tampa Bay, Florida....

NVIDIA CORP., $1,064.69, Nasdaq symbol NVDA, remains a buy, but only for highly aggressive investors.

The company is a leading designer of 3D-capable video chips; they make video games run more smoothly and appear more lifelike. Nvidia has also adapted its chips for other applications, including artificial intelligence (AI), datacentres and self-driving cars.

The stock rose 13% this week due to increasingly strong demand from datacentre operators for chips that power AI applications such as the popular ChatGPT online chatbot/search engine.

In its fiscal 2025 first quarter, ended April 28, 2024, Nvidia’s revenue soared 262.1%, to $26.04 billion from $7.19 billion a year earlier....

TORONTO-DOMINION BANK, $77.28, Toronto symbol TD, is still a buy.

The lender recently set aside $615 million (or $450 million U.S.) for fines it expects to pay due to lapses in its anti-money laundering processes at its U.S. retail banking operations....

Here’s the text of the most-recent letter I sent to our Portfolio Management clients in March:

“Guesswork plays a role in a lot of human decision-making, including decisions on investments.

For a while after the October 7 Hamas attack on Israel last year, the stock market reaction didn’t seem to make sense....

AXON ENTERPRISE INC., $288.79, symbol AXON on Nasdaq, is best known for its Taser line of non-lethal weapons for law enforcement and consumers. The law enforcement technology company also sells body cameras, in-car cameras, software and drones.

The company has two operating segments: Taser (39% of revenue) and Software & Sensors (61%).

The software unit includes a cloud-based digital evidence management platform—for assets including video from Axon body cameras.

Axon’s customers include first responders at the international, federal, state and local law enforcement level, fire departments, correctional facilities and the justice sector, in addition to commercial clients.

On May 6, 2024, Axon announced that it would acquire Dedrone, a provider of airspace security technology....