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


MARKET OUTLOOK:
A more hawkish U.S. Fed has created a lot of volatility. Odds of a correction this year are high. But as long as earnings continue higher, one should stay invested and use weakness to add.

We have been leaning quite heavily into value, financials, industrials, materials and energy. While these areas have further to go, some opportunities in high long-term growth technology are already starting to appear. 


TOP PICKS:

Greg Newman's Top Picks

Greg Newman, senior wealth advisor and portfolio manager at Scotia Wealth Management, discusses his top picks: TFI International Inc., Bank of Montreal, and Finning International Inc.

TFI International (TFII TSX)
TFII offers investors brisk EPS growth at a very reasonable multiple. 

Bank of Montreal (BMO TSX)
BMO offers investors a compelling valuation, a reasonable growth rate and a solid dividend.

Finning International (FTT TSX)
FTT offers investors a nice growth rate at a reasonable valuation. 

 

DISCLOSURE PERSONAL FAMILY PORTFOLIO/FUND
 TFII TSX Y Y Y
BMO TSX Y Y Y
FTT TSX Y Y Y

 

PAST PICKS: January 29, 2021

Greg Newman's Past Picks

Greg Newman, senior wealth advisor and portfolio manager at Scotia Wealth Management, discusses his past picks: Starbucks, Premium Brands Holdings Corp, and Intact Financial Corporation.

Starbucks (SBUX NASD) 

  • Then: $96.81
  • Now: $104.01
  • Return: 7%
  • Total Return: 9%

Premium Brands Holdings (PBH TSX) 

  • Then: $104.51
  • Now: $123.23
  • Return: 18%
  • Total Return: 20%

Intact Financial Corporation (IFC TSX) 

  • Then: $141.00
  • Now: $164.14
  • Return: 16%
  • Total Return: 19%

Total Return Average: 16%

 

DISCLOSURE PERSONAL FAMILY PORTFOLIO/FUND
 SBUX NASD Y Y Y
PBH TSX Y Y Y
IFC TSX Y Y Y