Greg Newman, senior wealth advisor and portfolio manager, Newman Group, ScotiaWealth
FOCUS: North American dividend stocks and protection strategies
MARKET OUTLOOK:
The bulls argue that a U.S. Federal Reserve pivot is starting to appear in sight and that asset prices have already adjusted adequately.
The bears argue that earnings are about to erode further and that another leg down is imminent.
Regardless, we already see value in some areas of fixed income, preferred shares, high yield bonds and equities.
A 60/40 portfolio sets up nicely here for a three to five year horizon.
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Top Picks:
Brookfield Infrastructure Partners (BIP.UN TSX)
| DISCLOSURE | PERSONAL | FAMILY | PORTFOLIO/FUND |
|---|---|---|---|
| KEY TSX | Y | Y | Y |
| BIP.UN TSX | Y | Y | Y |
| MFC TSX | Y | Y | Y |
Past Picks: July 27, 2021
Telus International (TIXT TSX)
- Then: $38.77
- Now: $35.35
- Return: -9%
- Total Return: -9%
Intact Financial (IFC TSX)
- Then: $169.57
- Now: $182.82
- Return: 8%
- Total Return: 10%
Intertape Polymer Group (ITP TSX)
- Then: $27.11
- When acquired: $40.50
- Return: 49%
- Total Return: 53%
Total Return Average: 18%
| DISCLOSURE | PERSONAL | FAMILY | PORTFOLIO/FUND |
|---|---|---|---|
| TIXT TSX | Y | Y | Y |
| IFC TSX | Y | Y | Y |
| ITP TSX | N | N | N |
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