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
2017-06-16 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. Everybody seems to be calling for a correction, but as probable as the reasons are for this, stocks are real cheap relative to bonds. Europe is starting to get better. America has been good for a while. China has found its footing. The only reason you want to get defensive in stocks is 1) because a recession is coming or 2) valuations are crazy. We had some really good top line growth last quarter, and hopefully that continues this quarter. As that continues to happen, markets actually get cheaper.


Price:
$0.020
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
_N/A
2017-06-16 BUY Must be logged in to use chart BIP.UN-T Brookfield Infrastucture Partners

Has a very strong pipeline and sees it growing at 28% over the next couple of years. Trading below its five-year average. Has a 62% PR. They tend to bump their distribution 5%-10% every year. Good balance sheet. The only thing wrong is that it is still pretty expensive. It doesn’t give too much opportunity to Buy, so trying to buy on a pullback is pretty tough. Just hold your nose and buy it.


Price:
$52.530
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2017-06-16 COMMENT Must be logged in to use chart BNP-T Bonavista Energy Corp

71% natural gas. Obviously, there are concerns about energy. They’ve increased their asset concentration, lowered their costs. Q1 was good and their growth rate is pretty good. Very cheap relative to its peers. The only reason he wouldn’t buy this, if he were interested in an energy name, is that the balance sheet, although better than its peers, it is not ironclad or best of breed. Their 2018 production he models as still lower than that which they printed in 2014.


Price:
$2.430
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
No
2017-06-16 COMMENT Must be logged in to use chart CGX-T Cineplex Inc

This had a very solid top line growth in Q1, and he raised his outlook for a better box office in 2017. He sees really nice growth in Digital media and gaming and sees 23% EPS. Trading below its five-year average. However, at 30X earnings, it is still pretty pricey, and vulnerable to a bit of a hiccup. A lot of growth is tied to a successful rollout of their rec room. If they hook up on that, then it is a little pricey, but all in, a name that is probably good here. You could probably sell some Puts, oblige yourself to own it at around $48, get paid a little bit.


Price:
$52.320
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2017-06-16 BUY Must be logged in to use chart CM-T Canadian Imperial Bank of Commerce

Trading at 9.7X while its peers trade at 11.2X, because it has a little lower growth rate, and is very tied to Canada. Just bought Private Bank Corp in the US, and there is some uncertainty as to how that does. Because they are overexposed to Canadian housing, they are trading at a discount. Dividend yield of 4.77%.


Price:
$106.530
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2017-06-16 COMMENT Must be logged in to use chart CNR-T Canadian National R.R.

Just guided 10% EPS over the next 5 years. They claim they have a competitive advantage in technology, that will allow them to stay ahead of the competition. Great balance sheet. Very good growth. He models 12% EPS growth over the next couple of years. The only thing is, it is very expensive.


Price:
$107.570
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2017-06-16 COMMENT Must be logged in to use chart CPG-T Crescent Point Energy Corp

This one really depends on how much exposure you already have to energy. If you are underweight, then you can start sniffing around. Balance sheets really matter if you have a world of $35-$40 oil for a long period of time. He doesn’t think that is going to happen. Expects oil will be for $38-$58, and if he is right, this is probably a really good name.


Price:
$11.240
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2017-06-16 COMMENT Must be logged in to use chart D.UN-T Dream Office REIT

A bit of a work in progress. They are tethered to Alberta to a large extent. Their NAV keeps falling. Thinks they are going to cut their distribution. Expects they are going to turn themselves around to a much more pristine asset. Transitioning into a higher quality, especially in the GTA. 4.75% dividend yield. Feels it is a turn around play and you get paid to wait.


Price:
$19.050
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2017-06-16 HOLD Must be logged in to use chart ECI-T EnerCare Inc

This has done really well, but got a little bit too big over its skis. They’ve had a great growth rate, but missed in the last quarter because of higher costs. Their debt is starting to tick up. The stock is pricey relative to its peers. Not at a level where you want to be buying it.


Price:
$18.950
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2017-06-16 HOLD Must be logged in to use chart EIF-T Exchange Income

Missed on Q1 operational challenges in aerospace. They increased costs on a fleet overhaul, as well as having some bad weather. Even without some of these challenges, they would have missed by 5%. Management is still modelling 12% EPS. The stock is pretty illiquid. Trading below its five-year average.


Price:
$29.250
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2017-06-16 TOP PICK Must be logged in to use chart ENB-T Enbridge

Reduced their 2017 guidance as a result of the Spectra integration. More recently, it fell on an announcement of some line-3 delays. Doesn’t think this is going to affect 2018. Trading at a cheaper multiple than it has for a while. Has 11% EPS growth over the next couple of years. Also, when they announced the delay, the market saw that and took the stock down, but didn’t applaud the fact that they had announced $2 billion in new projects over the next couple of years. A solid dividend payer with dividend growth and a 50% payout ratio. 4.8% dividend yield.


Price:
$51.440
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Yes
2017-06-16 COMMENT Must be logged in to use chart H-T Hydro One

The utility sector is pretty healthy in Canada. This is not his favourite name within the group. Trades at a higher valuation than others. He prefers the growth rate of Algonquin (AQN-T). His #2 choice would be Fortis (FTS-T).


Price:
$23.250
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2017-06-16 COMMENT Must be logged in to use chart HOT.UN-T American Hotel Income Properties

This recently took a hit, because they did an issuance. Issued some shares to repay some debt. They’ve done a pretty good job. Thinks the payout ratio is fine. Hotels are a more cyclical area, so you have to be careful. Trading at a good multiple and has good distribution.


Price:
$10.090
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2017-06-16 TOP PICK Must be logged in to use chart IFC-T Intact Financial

Just acquired OneBeacon, the leading North American specialty provider, which will give them growth opportunities in the US. It is a highly fragmented space, so there are a lot of acquisitions upside. He models 18% EPS, and it is trading below its five-year average. OneBeacon is probably not accretive, but is probably neutral for 2017 earnings, and is really accretive over 24 months. Dividend yield of 2.7%. (Analysts’ price target is $103.)


Price:
$93.820
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Yes
2017-06-16 PAST TOP PICK Must be logged in to use chart KMP.UN-T Killam Properties Inc

(A Top Pick June 17/16. Up 8%.) He could see good growth at a reasonable price and trading at a multiple that was in line with the market, and yet at a higher growth rate. It was levered to Halifax which had turned the corner. There is probably more to go on this one. Leverage on the balance sheet is still a little high.


Price:
$12.880
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Yes
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