Jul 18, 2019
Greg Newman's Top Picks: July 18, 2019
BNN Bloomberg
Full episode: Market Call Tonight for Thursday, July 18, 2019
Greg Newman, director and portfolio manager at Scotia Wealth Management
Focus: North American dividend stocks and protection strategies
MARKET OUTLOOK
The cycle has gone on for a long time. Warning signs are gathering, from an inverted yield curve to world PMIs below 50 to lacklustre earnings.
Will the Fed respond in time and do enough? Will the U.S. and China progress sufficiently? These two factors will likely decide the near-term fate of the market.
At record highs, both the bulls and the bears are nervous. Should one remain long? If you don’t have one already, now is the time to have an asset allocation that’s proper for your financial considerations and temperament. Select stocks that are capable of playing both offense and defence in this environment.
TOP PICKS
RESTAURANT BRANDS INTERNATIONAL (QSR.TO)
INTACT FINANCIAL (IFC.TO)
CITIGROUP (C.N)
All three of these stocks offer investors an attractive growth profile at a reasonable prices while earning dividends.
DISCLOSURE | PERSONAL | FAMILY | PORTFOLIO/FUND |
---|---|---|---|
QSR | Y | Y | Y |
IFC | Y | Y | Y |
C | Y | Y | Y |
PAST PICKS: JULY 26, 2018
BANK OF MONTREAL (BMO.TO)
- Then: $103.90
- Now: $99.10
- Return: -5%
- Total return: -1%
MANULIFE FINANCIAL (MFC.TO)
- Then: $24.10
- Now: $24.14
- Return: 0.2%
- Total return: 4%
FINNING INTERNATIONAL (FTT.TO)
- Then: $33.29
- Now: $22.99
- Return: -31%
- Total return: -29%
Total return average: -9%
DISCLOSURE | PERSONAL | FAMILY | PORTFOLIO/FUND |
---|---|---|---|
BMO | Y | Y | Y |
MFC | Y | Y | Y |
FTT | Y | Y | Y |
WEBSITE: newmangroup.ca