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

FOCUS: North American stocks


MARKET OUTLOOK:

This is a difficult time for the world, let alone investors. 

War, rising rates, a pandemic, supply chain issues, inflation and the U.S. Fed about to shrink its balance sheet is all a recipe for continued market volatility. 

While well intended and just, the U.S. freezing Russia’s risk free balances will add to long term ramifications of USD hegemony.   

What do I recommend during these uncertain times? Own a higher percentage than usual of cash, dividend stocks, blue chips and stocks that can benefit from inflation like energy and materials. Be opportunistic for oversold technology and be prepared to be a little nimble.

 

TOP PICKS:

Greg Newman's Top Picks

Greg Newman, senior wealth advisor and portfolio manager at Scotia Wealth Management, discusses his top picks: Exchange Income Corporation, Gibson Energy, and Chorus Aviation.

Exchange Income (EIF TSX)

EIF offers investors an attractive growth profile at a reasonable price with a nice dividend

Gibson Energy (GEI TSX)

GEI offers investors an attractive growth profile at a reasonable price with an appealing dividend

Chorus Aviation (CHR TSX)

CHR offers investors an exciting growth profile at a very reasonable price

 

DISCLOSURE PERSONAL FAMILY PORTFOLIO/FUND
EIF TSX   Y Y Y
GEI TSX   Y Y Y
CHR TSX   Y  Y Y

 

 

PAST PICKS: April 16, 2021

Greg Newman's Past Picks

Greg Newman, senior wealth advisor and portfolio manager at Scotia Wealth Management, discusses his past picks: BCE Inc., Bank of Montreal, and Enbridge.

BCE Inc (BCE TSX)

  • Then: $58.11
  • Now: $67.89
  • Return: 17%
  • Total Return: 23%

 

Bank of Montreal (BMO TSX)

  • Then: $114.82
  • Now: $149.19
  • Return: 30%
  • Total Return: 34%

 

Enbridge (ENB TSX)

  • Then: $46.68
  • Now: $56.97
  • Return: 22%
  • Total Return: 29%

Total Return Average: 29% 

  

 

DISCLOSURE PERSONAL FAMILY PORTFOLIO/FUND
BCE TSX Y  Y Y
BMO TSX Y Y Y
ENB TSX Y  Y Y