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:
EIF offers investors an attractive growth profile at a reasonable price with a nice dividend
GEI offers investors an attractive growth profile at a reasonable price with an appealing dividend
CHR offers investors an exciting growth profile at a very reasonable price
PAST PICKS: April 16, 2021
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 |
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