Greg Newman, senior wealth advisor and portfolio manager at Scotia Wealth Management

Focus: North American stocks

MARKET OUTLOOK:

Lower bond yields and the Delta variant are concerning investors that a well needed correction is nearing.

That said, credit spreads are acting just fine suggesting yields are falling for other reasons.

In the meantime, some of the market leaders that help determine the direction of the over all market seem to be breaking out.

Those positioned for a correction might miss some good market lift.

TOP PICKS:

Greg Newman's Top Picks

Greg Newman, senior wealth advisor and portfolio manager at Scotia Wealth Management, discusses his top picks: Telus International, Intact Financial, and Intertape Polymer.

Telus International (TIXT TSX)

Intact Financial (IFC TSX)

Intertape Polymer Group (ITP TSX)

 

DISCLOSURE PERSONAL FAMILY PORTFOLIO/FUND
TIXT TSX   Y Y Y
 IFC TSX  Y  Y  Y
 ITP TSX  Y  Y  Y

 

PAST PICKS: Aug. 17, 2020

Greg Newman's Past Picks

Greg Newman, senior wealth advisor and portfolio manager at Scotia Wealth Management, discusses his past picks: Quebecor, Power Corporation of Canada, and Brookfield Infrastructure Partners.

Quebecor (QBR/B TSX)

  • Then: $33.72
  • Now: $32.93
  • Return: -2%
  • Total Return: +1%

Power Corp. (POW TSX)

  • Then: $25.73
  • Now: $39.40
  • Return: 53%
  • Total Return: 62%

Brookfield Infrastructure Partners (BIP-U TSX)

  • Then: $58.29
  • Now: $68.70
  • Return: 18%
  • Total Return: 23%

Total Return Average: 29%

 

DISCLOSURE PERSONAL FAMILY PORTFOLIO/FUND
QBR/B TSX   Y  Y  Y
 POW TSX  Y  Y  Y
 BIP-U TSX  Y  Y  Y