OGC-T 0.53 MFI-T 0.1 ATRL-T -1.25 MI.UN-T -0.18 DRVN-Q -0.31 SWIM-Q -0.41 TOL-N -1.48
Mike S. Newton, CIM FCSI

Mike S. Newton, CIM FCSI

Director & Portfolio Manager at Scotia Wealth Management

Member since: Jun '09 · 1532 Opinions

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Stock Opinions by Mike S. Newton, CIM FCSI

COMMENT

Market Outlook(A Commentary)

May 22, 2020
Market Outlook He thinks there are two classes of stock out there -- the strong and the weak. He is confounded about how this market continues to rally back. Those strong companies continue to thrive, the weak are struggling. Companies are re-tooling and this may make some companies stronger. Although there may be fewer companies at the end of this and this may not be the best scenario for consumers. He is also hearing that some companies are looking to expand their scope of business, so it will be very dynamic. Earnings are being priced out beyond 2021 and almost zero interest rates are making stocks look attractive. He thinks gold's recent rise is on the back of higher debt levels globally, which are highly correlated together. He prefers to own physical gold.
Mike S. Newton, CIM FCSIMike S. Newton, CIM FCSI
Unknown
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HOLD

AT&T(T-N)

May 22, 2020
It is heavily indebted following a couple of huge acquisitions. They really need their streaming business to catch fire. The dividend is approaching 7%, but he is starting to question its longevity. He would continue to hold it here.
Mike S. Newton, CIM FCSIMike S. Newton, CIM FCSI
Unknown
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$29.840

Stock price when the opinion was issued

Telecommunications
WATCH

Stanley Works, The(SWK-N)

May 22, 2020
This company has paid a dividend for 144 consecutive years. Primarily a tool and storage business and they own a 20% interest in a lawn and garden business, which they hope will grow to account for 20% of annual revenues. The tariff situation did not help them. It should do well when the economy picks up. Yield 2.5%
Mike S. Newton, CIM FCSIMike S. Newton, CIM FCSI
No
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$121.960

Stock price when the opinion was issued

misc industrial products
BUY

Enbridge(ENB-T)

May 22, 2020
He took a position in ENB back in late-March around its lows. The dividend is attractive. There is some negative news regarding their Line 3 project as it may be coming under renewed review by the US state regulatory body. It looks good here he thinks. He would be a buyer here.
Mike S. Newton, CIM FCSIMike S. Newton, CIM FCSI
Owned
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$43.890

Stock price when the opinion was issued

oil gas pipelines
WAIT

Industrial Select Sector SPDR Fund(XLI-N)

May 22, 2020

Industrial US ETF? In the US industrial sector he sees it as being a tough place to be lately. He would look at some of the BMO family of ETFs. You have to be careful that you are not too concentrated (ie. Boeing). He has owned XLI. He has a neutral view on the space and would probably wait.

Mike S. Newton, CIM FCSIMike S. Newton, CIM FCSI
Unknown
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$63.495

Stock price when the opinion was issued

E.T.F.'s
BUY ON WEAKNESS

Zoom Video Communications Inc.(ZM-Q)

May 22, 2020
He owns this name. If he is using it along with family and friends, then he is interested. He wonders about its sustainability. He is trading this with a tight stop in case their momentum reverses. He thinks it will be a habit that will be hard to break for people. Tread carefully at this valuation level.
Mike S. Newton, CIM FCSIMike S. Newton, CIM FCSI
Owned
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$173.150

Stock price when the opinion was issued

Technology
BUY

Brookfield Asset Management Inc (A)(BAM.A-T)

May 22, 2020
Work from home? Scotiabank released a report saying it is trading at a discount and is good value. Retail holdings is only about 6% of their revenues. He thinks the market is overly punishing them. Another issue is that they may be a little too exposed to Brazil. A good opportunity to buy a Canadian company with a global franchise. He owns it and would accumulate here.
Mike S. Newton, CIM FCSIMike S. Newton, CIM FCSI
Owned
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$41.860

Stock price when the opinion was issued

management diversified
COMMENT

Royal Canadian Mint(MNT-T)

May 22, 2020

Gold producers? He prefers to own the Royal Canadian Mint (MNT) and Sprot (PHY.US) and Franco-Nevada (FNV). He likes the physical element. He would also consider the Junior Miners ETF (GDXJ). At some point, there will be a role for gold to help the economy recover.

Mike S. Newton, CIM FCSIMike S. Newton, CIM FCSI
Unknown
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$27.150

Stock price when the opinion was issued

INDUSTRIAL PRODUCTS
COMMENT

Sprott Physical Gold(PHYS-T)

May 22, 2020

Gold producers? He prefers to own the Royal Canadian Mint (MNT) and Sprot (PHY.US) and Franco-Nevada (FNV). He likes the physical element. He would also consider the Junior Miners ETF (GDXJ). At some point, there will be a role for gold to help the economy recover.

Mike S. Newton, CIM FCSIMike S. Newton, CIM FCSI
Unknown
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N/A

Stock price when the opinion was issued

E.T.F.'s
COMMENT

Franco-Nevada Corp.(FNV-T)

May 22, 2020

Gold producers? He prefers to own the Royal Canadian Mint (MNT) and Sprot (PHY.US) and Franco-Nevada (FNV). He likes the physical element. He would also consider the Junior Miners ETF (GDXJ). At some point, there will be a role for gold to help the economy recover.

Mike S. Newton, CIM FCSIMike S. Newton, CIM FCSI
Unknown
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$201.350

Stock price when the opinion was issued

precious metals
COMMENT

Market Vectors Jr Gold Miners ETF(GDXJ-N)

May 22, 2020

Gold producers? He prefers to own the Royal Canadian Mint (MNT) and Sprot (PHY.US) and Franco-Nevada (FNV). He likes the physical element. He would also consider the Junior Miners ETF (GDXJ). At some point, there will be a role for gold to help the economy recover.

Mike S. Newton, CIM FCSIMike S. Newton, CIM FCSI
Unknown
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$46.590

Stock price when the opinion was issued

E.T.F.'s
PAST TOP PICK

Comcast Corp(CMCSA-Q)

May 22, 2020
(A Top Pick May 14/19, Down 8%) A tough road ahead for them, he thinks. Universal Studios is looking to re-open in Florida in early June. He continues to own it.
Mike S. Newton, CIM FCSIMike S. Newton, CIM FCSI
Owned
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$38.920

Stock price when the opinion was issued

Cable
PAST TOP PICK

Alibaba Group Holding(BABA-N)

May 22, 2020
(A Top Pick May 14/19, Up 16%) They recorded a new milestone, top $1 trillion in merchandise volume. China-US trade concerns are creating headwinds. He would be buying on this pullback.
Mike S. Newton, CIM FCSIMike S. Newton, CIM FCSI
Owned
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$200.040

Stock price when the opinion was issued

0
PAST TOP PICK

Franco-Nevada Corp.(FNV-T)

May 22, 2020
(A Top Pick May 14/19, Up 108%) He suffered a little pullback when some of their mines were forced to close briefly. He likes their royalty business strategy. He continues to like it. Be careful with today's valuation. His go-to gold name.
Mike S. Newton, CIM FCSIMike S. Newton, CIM FCSI
Owned
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$201.350

Stock price when the opinion was issued

precious metals
BUY

Apple Inc(AAPL-Q)

May 22, 2020
He was gun shy about them about three years ago, but is very happy with their offerings now. He bought again in late-March. He believes Siri needs to be fixed.
Mike S. Newton, CIM FCSIMike S. Newton, CIM FCSI
Owned
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$318.060

Stock price when the opinion was issued

electrical electronic
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