Greg Newman, Senior Wealth Advisor & Portfolio Manager, Newman Group, ScotiaMcLeod
Focus: North American Equities
Top Picks: Nvidia, Colliers, Microsoft
MARKET OUTLOOK:
With indexes at these levels markets are priced for good outcomes. Rate cuts, earnings growth, and inflation must continue to cooperate.
As well, the impacts from AI disruption on many industries and those that loan to them remain a mystery.
Yet when you step back there are many positives. The U.S. economy remains resilient. Earnings growth has been very strong and breadth continues to widen for the S&P, Russell 2000, and the Toronto Stock Exchange.
Highs in the stock market are typically followed by new highs.
There are plenty of nice places to put capital to work.
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TOP PICKS:
Nvidia (NVDA NASD)
Offers investors brisk growth at a reasonable price
Colliers (CIGI NASD)
Offers investors value and growth at a reasonable price
Microsoft (MSFT NASD)
Offers investors quality and growth at a compelling
| DISCLOSURE | PERSONAL | FAMILY | PORTFOLIO/FUND |
|---|---|---|---|
| NVDA NASD | Y | Y | Y |
| CIGI NASD | Y | Y | Y |
| MSFT NASD | Y | Y | Y |
PAST PICKS: JAN. 23, 2025
Citigroup (C NYSE)
Then: US$81.98
Now: US$114.31
Return: 39%
Total Return: 43%
Power Corp (POW TSX)
Then: $42.89
Now: $65.47
Return: 53%
Total Return: 58%
Intact Financial (IFC TSX)
Then: $259.84
Now: $264.24
Return: 2%
Total Return: 4%
Total Return Average: 35%
| DISCLOSURE | PERSONAL | FAMILY | PORTFOLIO/FUND |
|---|---|---|---|
| C NYSE | Y | Y | Y |
| POW TSX | Y | Y | Y |
| IFC TSX | Y | Y | Y |
