Greg Newman, Senior Wealth Advisor, Newman Group Scotia Wealth
Focus: North American Equities and Option protection strategies
Top picks: iShares U.S. Aerospace & Defense ETF, iShares Russell 2000 ETF, NVIDIA Corporation
MARKET OUTLOOK:
With valuations at these levels markets are priced for good outcomes. Rate cuts, earnings growth and inflation must continue to cooperate. The US economy remains resilient.
The ultimate impact on margins from tariffs is a concern. But the tailwinds from AI spending, the Big Beautiful Bill and National projects in countries like Canada and Germany combined with $21 trillion of investment in the USA are stimulative.
Highs in the stock market are typically followed by new highs. There is a good chance we will see a performance chase to year end. Regardless, there are plenty of nice places to put capital to work.
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TOP PICKS:
iShares U.S. Aerospace & Defense ETF (ITA NASD)
iShares U.S. Aerospace & Defense offers investors attractive growth at a reasonable price.
iShares Russell 2000 ETF (IWM NYSE)
iShares Russell offers investors attractive growth at a discounted price.
NVIDIA Corporation (NVDA NASD)
NVIDIA offers investors attractive growth at a fair price.
| Disclosure: | Personal | Family | Portfolio/Fund |
|---|---|---|---|
| ITA (NASD) | Y | Y | Y |
| IWM (NYSE) | Y | Y | Y |
| NVDA (NASD) | Y | Y | Y |
PAST PICKS: Dec. 19, 2025
Propel Holdings (PRL TSX)
Then: $35.90
Now: $26.18
Return: -27.2%
Total Return: -25.1%
Kyndryl Holdings (KD NYSE)
Then: $34.18
Now: $26.40
Return: -22.3%
Total Return: -22.3%
Citigroup (C NYSE)
Then: $68.42
Now: $108.61
Return: 59.1%
Total Return: 62.5%
Total Return Average: 5%
| Disclosure: | Personal | Family | Portfolio/Fund |
|---|---|---|---|
| PRL TSX | Y | Y | Y |
| KD NYSE | Y | Y | Y |
| C NYSE | Y | Y | Y |
