Greg Newman, Senior Wealth Advisor & Portfolio Manager, Newman Group, ScotiaMcLeod
Focus: North American equities
Top Picks: South Bow, Meta, AtkinsRéalis
MARKET OUTLOOK:
Stocks are largely driven by three factors - expected earnings, expected interest rates and valuations.
While the earnings picture looks very bright, valuations are not cheap and the outlook for interest rates is uncertain largely due to oil prices.
How long oil stays high and where it goes from here will be key for the future direction of this market.
As such having an asset allocation and being diversified is even more important than usual.
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TOP PICKS:
South Bow (SOBO TSX)
South Bow offers investors a great dividend with a reasonable growth profile.
Meta (META NASD)
Meta offers investors nice growth at a reasonable multiple.
AtkinsRéalis (ATRL TSX)
AtkinsRéalis offers investors nice growth at a reasonable multiple.
| DISCLOSURE | PERSONAL | FAMILY | PORTFOLIO/FUND |
|---|---|---|---|
| SOBO TSX | Y | Y | Y |
| META NASD | Y | Y | Y |
| ATRL TSX | Y | Y | Y |
PAST PICKS:
Power Corp (POW TSX)
Then: $50.80
Now: $72.78
Return: 43%
Total Return: 48%
Brookfield Infrastructure (BIP-UN TSX)
Then: $39.97
Now: $49.11
Return: 23%
Total Return: 29%
Keyera (KEY TSX)
Then: $42.62
Now: $50.10
Return: 18%
Total Return: 23%
Total Return Average: 33%
| DISCLOSURE | PERSONAL | FAMILY | PORTFOLIO/FUND |
|---|---|---|---|
| POW TSX | Y | Y | Y |
| BIP-UN TSX | Y | Y | Y |
| KEY TSX | Y | Y | Y |
