Greg Newman, vice president, senior wealth advisor, portfolio manager at Scotia Wealth Management
FOCUS: North American stocks

MARKET OUTLOOK:

Rates are rising and the drum beats of war may be unfortunately sounding. Companies will need stronger EPS growth and more durable and sustainable margins to attract investors. The good news is that many corporations have termed out their debt obligations and have strong balance sheets. Stock buy backs will be supportive, as will a lot of cash on the sidelines.

Dividends, value, financials, industrials, metals and energy continue to be in the sweet spot. That said, many attractive names on the growth and technology side have already surfaced.

As long as a war does not get out of hand, the ground still remains somewhat fertile for investors.


TOP PICKS:

Greg Newman's Top Picks

Greg Newman, senior wealth advisor and portfolio manager at Scotia Wealth Management, discusses his top picks: Chartwell Retirement Residences, Wells Fargo, and Brookfield Asset Management.

Chartwell Retirement Residences (CSH.UN TSX)
Offers investors a generous yield with nice growth at a reasonable price

Wells Fargo & Co (WFC NYSE)
WFC offers investors a brisk growth rate over the couple of years at a reasonable multiple.

Brookfield Asset Management (BAM.A TSX)
Offers investors a high growth rate at a reasonable price

 

DISCLOSURE PERSONAL FAMILY PORTFOLIO/FUND
CSH.UN TSX Y Y Y
WFC NYSE Y Y Y
BAM/A TSX Y Y Y

 


PAST PICKS: March 12, 2021

Greg Newman's Past Picks

Greg Newman, senior wealth advisor and portfolio manager at Scotia Wealth Management, discusses his past picks: Bank of Montreal, Citigroup Inc, ATS Automation Tooling Systems.

Bank of Montreal (BMO TSX)

  • Then: $109.73
  • Now: $150.74
  • Return: 37%
  • Total Return: 41%

Citigroup Inc (C NYSE)

  • Then: $73.31
  • Now: $66.73
  • Return: -9%
  • Total Return: -6%

ATS Automation (ATA TSX)

  • Then: $28.00
  • Now: $48.99
  • Return: 75%
  • Total Return: 75%

Total Return Average: 37%

 

DISCLOSURE PERSONAL FAMILY PORTFOLIO/FUND
BMO TSX Y Y Y
C NYSE Y Y Y
ATA TSX Y Y Y