Inside Dan Rohinton’s September 2024 Picks: A Look at LVMH, Visa, and TransDigm

Discover Dan Rohinton’s latest top picks and his insights on navigating the complex market conditions of 2024.

Editorial Team (ET)May 9, 2025

Dan Rohinton, a seasoned portfolio manager at iA Global Asset Management, has a clear outlook on the market dynamics for 2024. His focus on Canadian and global large caps reflects a strategic approach to navigating the shifting tides of global economics, central bank policies, and sectoral opportunities. In this article, we dive into Rohinton's top stock picks for September 30, 2024, which include LVMH Louis Vuitton, Visa, and TransDigm Group. But first, let’s explore his market outlook and the global factors shaping his investment decisions.

Market Outlook

Rohinton sees a robust U.S. and global economic backdrop, despite the ongoing complexities across international markets. With central banks around the world now leaning towards an easier monetary policy, albeit at different paces, this shift is expected to support markets in the absence of significant economic shocks. In his view, these monetary policy adjustments will pave the way for renewed investor confidence.

One critical element Rohinton emphasizes is China's efforts to revitalize its economy. He acknowledges that these initiatives are crucial for maintaining a stable global economic backdrop, particularly for commodities markets that are heavily reliant on Chinese demand. Given Canada’s strong position in the global commodities market, the success of China’s fiscal and monetary measures could have far-reaching impacts on Canadian companies.

According to Rohinton, we are witnessing a notable rise in valuations across yield-oriented sectors. As interest rates show signs of tapering off, investors are pivoting away from guaranteed products like high-interest savings accounts (HISAs) and guaranteed investment certificates (GICs) toward quality dividend-paying equities. This trend of capital flow into equity markets, particularly those with strong yield prospects, is likely to continue in the foreseeable future.

Rohinton is also keeping a close eye on the Artificial Intelligence (AI) theme, which continues to dominate conversations in the corporate world. However, he stresses that while AI has immense potential, investors should remain cautious and focused on fundamentals. “We are still waiting for that killer product that will drive full-scale monetization of AI,” he notes. His balanced investment strategy aims to capture opportunities in the AI sector while maintaining a diversified portfolio across industries.

In today’s complex market environment, Rohinton underscores the importance of focusing on individual company fundamentals. He advises investors to keep an eye on balance sheets, profitability, and long-term growth prospects, particularly in an era marked by shifting macroeconomic currents. His top stock picks reflect this principle of sound fundamentals, combined with strategic positioning for long-term growth.

Top Picks for September 30, 2024

Dan Rohinton’s investment choices for September focus on three industry-leading companies that offer robust growth prospects and solid fundamentals: LVMH Louis Vuitton, Visa, and TransDigm Group. Each of these stocks is poised to benefit from favorable market trends and offers unique opportunities for different investor profiles.

LVMH Louis Vuitton (MC EPA)

LVMH is a world-renowned luxury goods conglomerate, home to iconic brands like Louis Vuitton, Moët & Chandon, and Bulgari. The company has a diversified portfolio that spans high-end fashion, leather goods, jewelry, and premium alcoholic beverages. Rohinton views LVMH as a key player in the global luxury sector, particularly as consumer demand for luxury products rebounds post-pandemic.

One of the primary factors driving LVMH’s performance is its significant exposure to the Chinese market. Recent moves by the Chinese government to stabilize its economy have been well-received, sparking a recovery in LVMH’s stock price. As Chinese consumers continue to fuel demand for luxury goods, LVMH is well-positioned to capitalize on this trend. According to Rohinton, LVMH is a great option for higher-risk investors seeking exposure to the luxury sector.

LVMH has consistently demonstrated strong financial performance, with impressive revenue growth and solid profit margins. Its ability to innovate while maintaining brand exclusivity has made it a standout in the luxury space. Rohinton believes LVMH’s financial resilience makes it a top pick for investors looking for long-term growth in the luxury market.

Visa (V NYSE)

Visa is a household name in the global payments industry, playing a dominant role alongside its peer Mastercard. Rohinton views Visa as a long-term beneficiary of the ongoing shift from cash to digital payments. As more consumers and businesses move toward cashless transactions, Visa’s extensive payment network is set to expand even further.

Visa is currently facing an antitrust lawsuit concerning monopolistic behavior in its debit card business. However, Rohinton sees this as an opportunity for savvy investors to dollar-cost average their positions. Visa’s solid fundamentals, market dominance, and resilience in the face of legal challenges make it a high-quality stock that remains attractive even during periods of uncertainty.

The global trend toward cashless transactions is a long-term secular shift that shows no signs of slowing down. Visa is positioned to benefit significantly from this transition, particularly in emerging markets where digital payments are rapidly gaining ground. Rohinton remains confident that Visa will continue to deliver strong returns for investors seeking exposure to the fintech sector.

TransDigm Group (TDG NYSE)

TransDigm Group is a specialized player in the aerospace sector, providing aftermarket parts and services for commercial and military aircraft. What sets TransDigm apart is its unique position within the aerospace supply chain. The company focuses on non-mission-critical parts that are essential to aircraft maintenance but not subject to the same cyclical pressures as new aircraft manufacturing.

Rohinton highlights TransDigm’s strong management team and history of successful acquisitions as key drivers of the company’s long-term growth. TransDigm has consistently generated value through its strategic acquisitions and capital returns to shareholders. Its sole-source supply agreements and focus on niche markets make it an attractive option for investors seeking stability in the aerospace sector.

With a solid foothold in the aftermarket segment, TransDigm enjoys stable, recurring revenue streams. Rohinton believes that the company’s unique business model, combined with its strong financials, positions it for continued success in both the commercial and military aerospace markets.

Conclusion

Dan Rohinton’s top picks for September 30, 2024, reflect his commitment to selecting high-quality companies with strong fundamentals and long-term growth potential. Whether it’s LVMH’s luxury dominance, Visa’s leadership in the payments industry, or TransDigm’s niche position in aerospace, these stocks offer unique opportunities for investors across various sectors. By staying focused on company fundamentals and navigating global economic trends, Rohinton provides a balanced approach that can help investors make informed decisions in today’s complex market.

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