The Financial Post reports in its Wednesday edition that the so-called Trump rally has lost steam. The Post's Jonathan Ratner writes that many of the stocks that benefited from Donald Trump's election win in November have pulled back. EdgeHill Partners stockpicker Jason Mann continues to anticipate earnings growth and rising interest rates, and is favouring cyclical stocks over defensives. If the North American free-trade agreement is torn up, there is a risk to Magna International, Linamar and Martinrea International. However, even with a "Buy America" policy, auto manufacturers cannot just make the switch overnight. Mr. Mann says, "Ultimately, the best product at the right price wins, and Canadian auto parts have integrated themselves well into the manufacturing cycle." He singled out Martinrea as being particularly attractive given its very cheap valuation and somewhat stretched balance sheet, which means the company has more torque to any improved business. He says: "That's essentially what's been happening recently. It's kind of been in turnaround mode for a while, but now their margins are starting to improve, and there is a real opportunity to improve cash flow from their current asset base."