{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"In the Money with Amber Kanwar","title":"Beating the Market with Small-Caps: Cheap Stocks with Big Upside","html":"","width":"100%","height":180,"duration":3634,"description":"Small-cap stocks have significantly outperformed their large-cap peers so far this year but valuations remain at a massive discount, so what names should be on your radar?On this episode of In the Money with Amber Kanwar, Aubrey Hearn, Senior Vice-President, Portfolio Manager & Lead – U.S. & Small Cap Equities at CI Global Asset Management, makes the case that the small-cap opportunity is far from over. He explains why this is more than just a catch-up trade, pointing to a massive valuation gap where small caps are trading at a 30% discount to large caps despite typically commanding a premium. Hearn also breaks down why fundamentals have quietly remained strong beneath the surface, with many high-quality small caps delivering consistent earnings growth even as multiples compressed. He shares why a stronger U.S. economy, fiscal stimulus, and broader earnings growth beyond the “Magnificent 7” are now creating a much wider opportunity set for investors willing to look beyond mega-cap tech.In the Mailbag, Hearn tackles a range of investor questions across cyclicals, private equity, and AI exposure. He explains why he would buy TFI International (TFII) on a cyclical recovery in transport, outlines the hidden value inside Brookfield Business Corp. (BBUC), and makes the case for KKR (KKR) despite concerns around private credit. He also weighs in on the AI trade, warning that “you have way too much software if you own any,” while selectively adding exposure. On Canadian names, he discusses Celestica (CLS) as a picks-and-shovels AI play, breaks down the controversy around GFL Environmental (GFL), and calls Cargojet (CJT.TO) “stupid cheap” despite years of underperformance—highlighting its dominant market share and strong pricing power.In Pro Picks, Hearn leans into battleground stocks with asymmetric upside. He highlights Live Nation (LYV) as a long-term compounder driven by the global growth of live events, despite regulatory overhangs. He also makes a contrarian case...","thumbnail_url":"https://img.transistorcdn.com/er9NR63MREFV6i2rlZX8f-yMY6gNSK83fNUOzBPoSt8/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS8zZmQy/OWMwNmEzY2Y0YTg1/NjM4MjQ3Y2NjMWYy/Zjk1My5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}