Viewing Expert Greg Newman | StockChase
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Compiling comments that experts make about stocks while on public TV.

Viewing Expert

Greg Newman , Director & Portfolio Manager

Scotia Wealth Management


Date Signal Chart Symbol Company Opinion Price
2017-09-28 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market.Everybody is concerned. High valuations, the US is at record highs, lots of barometers are saying that investors are very complacent, Yellin is a little more inflation concerned, there is a Trump agenda that is uncertain, North Korean fears. Because of all these reasons, people are calling for caution, but there is something much stronger going on. There is a global reflation trade happening. You’re getting improved economic data in all key regions. There are improved top line earnings, bottom-line earnings in the US, the emerging world and in Europe. We are still in an era of low interest rates. In this environment, stocks might be expensive and might be counterintuitive, but they are still a lot cheaper than bonds. This is a market we are going to have for some time. You still want to be picking away at good stocks. There are a lot of really good overlooked names on the TSX, that are starting to look really nice right now. Canadian financials and Canadian lifecos are cheap. The dividends are great. US financials are very cheap. Technology continues to be good. A lot of these areas are going to pay you 3%-4% just to wait.


Price:
$0.020
Subject:
CANADIAN DIVIDEND
Bias:
BULLISH
Owned:
_N/A
2017-09-28 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Gold?Technically, this looks really good. You throw in inflationary pressures with wage inflation, gold sells off a little, but not that much. Thinks it is basing. It has the capacity to surprise to the upside.


Price:
$0.020
Subject:
CANADIAN DIVIDEND
Bias:
BULLISH
Owned:
_N/A
2017-09-28 BUY Must be logged in to use chart ALA-T Altagas Ltd

Energy infrastructures are going to start to come alive with a better energy trade. They did an acquisition and are pinched a little by the rising Cdn$, but all in all thinks it is going to work out for them. 3% dividend yield.


Price:
$28.860
Subject:
CANADIAN DIVIDEND
Bias:
BULLISH
Owned:
Unknown
2017-09-28 BUY on WEAKNESS Must be logged in to use chart AQN-T Algonquin Power & Utilities Corp

The only bad thing is that most earnings are from the US, and the rising Cdn$ is hurting them a little. It has an excellent growth rate. He is looking at 16% EPS over the next couple of years. Trades at the same multiple as its peers, 17X. Has a 61% payout ratio. The Empire acquisition is proceeding very well. If you can get this in the $12 range, you should buy it.


Price:
$13.110
Subject:
CANADIAN DIVIDEND
Bias:
BULLISH
Owned:
Unknown
2017-09-28 PAST TOP PICK Must be logged in to use chart ARE-T Aecon Group Inc

(A Top Pick Sept 23/16. Up 1%.) Had thought at the time that 2017 was going to be an off year, but anticipates very good growth for infrastructure beyond this year. They just put themselves up for sale. Trading at around 6.4, and he thinks it should fetch a multiple of around 8.5 if it gets sold. Very good balance sheet.


Price:
$17.680
Subject:
CANADIAN DIVIDEND
Bias:
BULLISH
Owned:
Yes
2017-09-28 BUY on WEAKNESS Must be logged in to use chart BAM.A-T Brookfield Asset Management (A)

Just had their Investor Day in New York, and they said “more of the same”. Thinks they are modelling 9% AFFO growth compounded annually over the next couple of years. They are comfortable with US bond yields, even between 3.5% and 4% in the US, and are still going to be a while to grow their business. A name that never seems to get cheap. You can still buy this, but wait for a bit of a pullback.


Price:
$50.630
Subject:
CANADIAN DIVIDEND
Bias:
BULLISH
Owned:
Unknown
2017-09-28 BUY Must be logged in to use chart BMO-T Bank of Montreal

He likes all the banks. However, in Q3 this bank had negative operating leverage, a -2.2%. Their US operations at flat earnings which were kind of disappointing. There is uncertainty on the street as to whether they can maintain their efficiency ratios. The weaker US$ hurts them a little. They have a very favourable Cdn/US business mix. This is one you can buy at around these levels.


Price:
$93.970
Subject:
CANADIAN DIVIDEND
Bias:
BULLISH
Owned:
Unknown
2017-09-28 BUY Must be logged in to use chart CIX-T CI Financial Corp

Just bought Sentry, which looks accretive to him, in the upper single digits. Bought First Asset about a year ago, as well as an Australian asset manager. He is modelling 9% earnings per share growth with about a 3% annual dividend growth. Trades at around 12X, versus its five-year average of 16X. Even though their MER’s are coming down, the margins still are at 42%. 71% payout ratio on its 5%+ dividend.


Price:
$27.220
Subject:
CANADIAN DIVIDEND
Bias:
BULLISH
Owned:
Unknown
2017-09-28 COMMENT Must be logged in to use chart CM-T Canadian Imperial Bank of Commerce

This continues to be a good time to own Canadian financials. Unfortunately, this is one of the weakest right now given their capital ratios and unproven results with their new private bank corp. They have to prove themselves somewhat. Trades at about a 15% discount to its peers, which is reflected in the price. All the Canadian banks are going to go higher. 3.8% dividend yield.


Price:
$109.110
Subject:
CANADIAN DIVIDEND
Bias:
BULLISH
Owned:
Unknown
2017-09-28 COMMENT Must be logged in to use chart ECA-T Encana Corp

They’ve done a really good job to improve themselves. Their debt to cash flow is 2.3% for 2018, which is not bad compared to where they where. The valuation is really improving at 6.9% for 2018 versus 7.1% for its peers. The energy space continues to be very challenged. He only sees 2% production growth. This would not be his favourite name in energy.


Price:
$14.610
Subject:
CANADIAN DIVIDEND
Bias:
BULLISH
Owned:
Unknown
2017-09-28 COMMENT Must be logged in to use chart EIF-T Exchange Income

A kind of illiquid stock that moves around a lot. There is a Short Seller piece out there that says they are not going to have enough free cash to meet their dividend. CapX has been elevated. Thinks the Short Sellers are wrong and that they are going to grow their earnings by 12% over the next couple of years compounded annually. He models a payout ratio of 96% for 2017 next year. Thinks you will get a good combination of dividend and upside from here. Dividend yield of 6%+.


Price:
$34.750
Subject:
CANADIAN DIVIDEND
Bias:
BULLISH
Owned:
Yes
2017-09-28 TOP PICK Must be logged in to use chart ENB-T Enbridge

In Q2 they missed, due to an outage at Syncrude. Line 3 is being delayed. What is good is that they got permitting for Line 3 in many other jurisdictions, and thinks it goes in on budget and on time in the 1st half of 2019. Trading at a very compelling valuation, 9% 2018 estimated free cash yield, versus 7.7% for its peers. He models 10% annual dividend growth. Dividend yield of 4.7%. (Analysts’ price target is $62.)


Price:
$51.680
Subject:
CANADIAN DIVIDEND
Bias:
BULLISH
Owned:
Yes
2017-09-28 BUY on WEAKNESS Must be logged in to use chart FCR-T First Capital Realty

This is an urban everyday needs portfolio. Very resilient. He models 3.8% growth from 2016 to 2018. This is not cheap, trading at around 19X, it is still trading slightly below its five-year average. 81% payout ratio, so you are going to get paid the 4.3% distribution. Its balance sheet is very good. Thinks you could buy this closer to $18.50 or $19 if you get an opportunity.


Price:
$19.520
Subject:
CANADIAN DIVIDEND
Bias:
BULLISH
Owned:
Unknown
2017-09-28 COMMENT Must be logged in to use chart FTS-T Fortis Inc.

This has done well. People tend to pile into these things after they’ve done really well. After having a really good run and making some really good acquisitions, it is still not a bad multiple to its peers, at 17X, but he is only modelling 3.5% EPS over the next couple of years. There are better names out there.


Price:
$44.630
Subject:
CANADIAN DIVIDEND
Bias:
BULLISH
Owned:
Unknown
2017-09-28 BUY Must be logged in to use chart GIB.A-T CGI Group (A)

He likes this at these levels. He models an 8% EPS growth. Thinks you will get share buybacks and margin expansion. There is capital employment opportunity and tuck-in acquisitions. It is a pretty fragmented sector. The only bad thing is its price. It is trading at around 17X versus 15X its 5-year average. There are also the rising Cdn$ headwinds.


Price:
$64.250
Subject:
CANADIAN DIVIDEND
Bias:
BULLISH
Owned:
Unknown
Showing 1 to 15 of 1,033 entries
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