Opinions by Mike S. Newton, CIM FCSI | StockChase
1247
Mike S. Newton, CIM FCSI

Director & Portfolio Manager

ON STOCKCHASE SINCE Jun 2009

Scotia Wealth Management
40 King Street West, 49th Floor Toronto, ONM5H 3Y2
T: 416-350-1192 mike.newton@scotiamcleod.com
http://www.newtongroupwealth.com/


Opinions by Mike S. Newton, CIM FCSI


Signal Opinion Expert Chart
TOP PICK
SoftBank Corp(9984-JP) 

July 11, 2018

It owns positions in Alibaba and Sprint. They have a $100 billion VC fund, the most powerful anywhere apparently. World-class assets.  (Analysts' price target: Yen 12568 ) 

Telecommunications

It owns positions in Alibaba and Sprint. They have a $100 billion VC fund, the most powerful anywhere apparently. World-class assets.  (Analysts' price target: Yen 12568 ) 

Telecommunications
Mike S. Newton,

Director &, Scotia Wealth Manage...

Price Price
$0.000
Owned Owned
Yes

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COMMENT
General Market Comment 

July 11, 2018

Ontario Premier Ford fulfilled a campaign promise to get rid of Hydro One's CEO and did so today by getting rid of the board--then the CEO retired. He doesn't know how this will effect tomorrow's stock price or on markets in general, but points out that the Ontario government owns 50% of Hydro One. Good revenues and yield, but the question is what wil the severence packages be? It could cost $10 million. He thinks this is a good step in the right direction to bring down executive compensation. Ontario must reduce its debt. US-China trade tensions today: the surprise are tariffs will hit consumers in their bedrooms and bathrooms, but also China doesn't have enough imports to retaliate against the U.S. What may happen is it will make it really hard for American companies to do business in China.

Ontario Premier Ford fulfilled a campaign promise to get rid of Hydro One's CEO and did so today by getting rid of the board--then the CEO retired. He doesn't know how this will effect tomorrow's stock price or on markets in general, but points out that the Ontario government owns 50% of Hydro One. Good revenues and yield, but the question is what wil the severence packages be? It could cost $10 million. He thinks this is a good step in the right direction to bring down executive compensation. Ontario must reduce its debt. US-China trade tensions today: the surprise are tariffs will hit consumers in their bedrooms and bathrooms, but also China doesn't have enough imports to retaliate against the U.S. What may happen is it will make it really hard for American companies to do business in China.

Unknown
Mike S. Newton,

Director &, Scotia Wealth Manage...

Price Price
$0.020
Owned Owned
Unknown

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COMMENT
General Market Comment 

July 11, 2018

Do you prefer Canadian or American banks, and which Canadian bank? Disclosure: he works for Scotiabank. Banks on both sides of the border are a little undervalued. Canadian banks aren't benefitting from rising interest rates over concerns over the flat yield curve. He thinks it's more complex. There used to be a negative on Canadian banks because of housing fears. Now, he prefers American banks. Regulations and tax cuts give them more of a tailwind. He likes BNS and RY here.

Do you prefer Canadian or American banks, and which Canadian bank? Disclosure: he works for Scotiabank. Banks on both sides of the border are a little undervalued. Canadian banks aren't benefitting from rising interest rates over concerns over the flat yield curve. He thinks it's more complex. There used to be a negative on Canadian banks because of housing fears. Now, he prefers American banks. Regulations and tax cuts give them more of a tailwind. He likes BNS and RY here.

Unknown
Mike S. Newton,

Director &, Scotia Wealth Manage...

Price Price
$0.020
Owned Owned
Unknown

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COMMENT
General Market Comment 

July 11, 2018

As a Canadian investor, stayed hedged to the Canadian dollar so you're not unpleasantly surprised. He would buy unhedged when the CAD rises above 78 cents, and buys hedged below 78.

As a Canadian investor, stayed hedged to the Canadian dollar so you're not unpleasantly surprised. He would buy unhedged when the CAD rises above 78 cents, and buys hedged below 78.

Unknown
Mike S. Newton,

Director &, Scotia Wealth Manage...

Price Price
$0.020
Owned Owned
Unknown

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BUY

He loves this stock and was happy to see it rise today. Great management. They fell into tough times the past 18 months and that's when he pulled out. Today's move encourages him to re-buy it. A Canadian success story in Europe and the U.S. Growth through M&A, but they needed a break from this, which is why the stock went sideways. He think they will resume buying.

food stores

He loves this stock and was happy to see it rise today. Great management. They fell into tough times the past 18 months and that's when he pulled out. Today's move encourages him to re-buy it. A Canadian success story in Europe and the U.S. Growth through M&A, but they needed a break from this, which is why the stock went sideways. He think they will resume buying.

food stores
Mike S. Newton,

Director &, Scotia Wealth Manage...

Price Price
$60.300
Owned Owned
No

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BUY

A core holding. In 5-7 years he wants to double his holding. He believes in it that much. It's in an amazing position in China, a tech giant over there. North American investors have slightly dismissed Alibaba which is unfair. 

A core holding. In 5-7 years he wants to double his holding. He believes in it that much. It's in an amazing position in China, a tech giant over there. North American investors have slightly dismissed Alibaba which is unfair. 

0
Mike S. Newton,

Director &, Scotia Wealth Manage...

Price Price
$187.420
Owned Owned
Yes

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HOLD
BCE Inc.(BCE-T) 

July 11, 2018

He likes the company, but Canadian telecoms have struggled. Broadcast revenues are in weak and global smartphone sales are hitting saturation. Also, bond yields are hitting defensive stocks like these. He's holding. No major alarm bells. Yield makes him comfortable. Don't add to your position, but look at U.S. telecoms or their ETFs.

telephone utilities

He likes the company, but Canadian telecoms have struggled. Broadcast revenues are in weak and global smartphone sales are hitting saturation. Also, bond yields are hitting defensive stocks like these. He's holding. No major alarm bells. Yield makes him comfortable. Don't add to your position, but look at U.S. telecoms or their ETFs.

telephone utilities
Mike S. Newton,

Director &, Scotia Wealth Manage...

Price Price
$55.200
Owned Owned
Yes

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COMMENT
CitiGroup(C-N) 

July 11, 2018

It's trading 5% below book value. Its international component concerns investors. It has universal buy signals on Wall St., but his concern is that it hasn't corrected enough for him to get stopped out of it.

insurance

It's trading 5% below book value. Its international component concerns investors. It has universal buy signals on Wall St., but his concern is that it hasn't corrected enough for him to get stopped out of it.

insurance
Mike S. Newton,

Director &, Scotia Wealth Manage...

Price Price
$67.910
Owned Owned
Yes

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PAST TOP PICK

(Past Top Pick on August 30, 2017, Up 12%) It's a great proxy on the Canadian economy with access to all the major shores. It quiet sneaked up to new highs after languishing a bit. Still the premier rail operator. Good management.

Transportation

(Past Top Pick on August 30, 2017, Up 12%) It's a great proxy on the Canadian economy with access to all the major shores. It quiet sneaked up to new highs after languishing a bit. Still the premier rail operator. Good management.

Transportation
Mike S. Newton,

Director &, Scotia Wealth Manage...

Price Price
$110.900
Owned Owned
Yes

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BUY

What will be the impact of the trade war and tariffs on Canadian rails? He doesn't know, but wouldn't worry too much. Note that in the past month CNR has gone up while CP has gone down. CP may be more impacted, but it's also dealt with a strike. He prefers CNR and still likes it. They have the Chicago Advantage with their line running through Chicago without getting stuck in that huge hub. CNR is a great proxy on the Canadian economy.

Transportation

What will be the impact of the trade war and tariffs on Canadian rails? He doesn't know, but wouldn't worry too much. Note that in the past month CNR has gone up while CP has gone down. CP may be more impacted, but it's also dealt with a strike. He prefers CNR and still likes it. They have the Chicago Advantage with their line running through Chicago without getting stuck in that huge hub. CNR is a great proxy on the Canadian economy.

Transportation
Mike S. Newton,

Director &, Scotia Wealth Manage...

Price Price
$110.900
Owned Owned
Yes

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TOP PICK
Coty Inc.(COTY-N) 

July 11, 2018

The third-biggest player in cosmetics. They bought Cover Girl and Max Factor in 2016. They do the labelling behind fragrance launches. It's at rock-bottom prices now but will rise, perhaps by a sale.  (Analysts' price target: $17.23)

Consumer Products

The third-biggest player in cosmetics. They bought Cover Girl and Max Factor in 2016. They do the labelling behind fragrance launches. It's at rock-bottom prices now but will rise, perhaps by a sale.  (Analysts' price target: $17.23)

Consumer Products
Mike S. Newton,

Director &, Scotia Wealth Manage...

Price Price
$14.050
Owned Owned
Yes

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COMMENT

What will be the impact of the trade war and tariffs on Canadian rails? He doesn't know, but wouldn't worry too much. Note that in the past month CNR has gone up while CP has gone down. CP may be more impacted, but it's also dealt with a strike. He prefers CNR and still likes it. They have the Chicago Advantage with their line running through Chicago without getting stuck in that huge hub. CNR is a great proxy on the Canadian economy.

Transportation

What will be the impact of the trade war and tariffs on Canadian rails? He doesn't know, but wouldn't worry too much. Note that in the past month CNR has gone up while CP has gone down. CP may be more impacted, but it's also dealt with a strike. He prefers CNR and still likes it. They have the Chicago Advantage with their line running through Chicago without getting stuck in that huge hub. CNR is a great proxy on the Canadian economy.

Transportation
Mike S. Newton,

Director &, Scotia Wealth Manage...

Price Price
$241.230
Owned Owned
Unknown

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COMMENT
Enbridge(ENB-T) 

July 11, 2018

They sold a lot of their nat gas assets to reduce their heavy debt. He got stopped out of it. He was happy to see it rebound, but he's not eager to get back into it (he prefers too many other stocks). He's neutral about it.

oil/gas pipelines

They sold a lot of their nat gas assets to reduce their heavy debt. He got stopped out of it. He was happy to see it rebound, but he's not eager to get back into it (he prefers too many other stocks). He's neutral about it.

oil/gas pipelines
Mike S. Newton,

Director &, Scotia Wealth Manage...

Price Price
$46.700
Owned Owned
No

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BUY
FedEx(FDX-N) 

July 11, 2018

It shouldn't fear Amazon and in fact work together. It's down 7% this year. Buy this current dip. Fedex will be a huge beneficiary on blockchain--they are investing in this.

Transportation

It shouldn't fear Amazon and in fact work together. It's down 7% this year. Buy this current dip. Fedex will be a huge beneficiary on blockchain--they are investing in this.

Transportation
Mike S. Newton,

Director &, Scotia Wealth Manage...

Price Price
$230.220
Owned Owned
Yes

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BUY

He really likes the emerging markets. If you missed buying into them earlier, now is a good time given all the tariffs and the strong U.S. dollar. Last year, the MSCI was double the valuation of the U.S. market, and today it is half. You can see a 18% growth rate.

E.T.F.'s

He really likes the emerging markets. If you missed buying into them earlier, now is a good time given all the tariffs and the strong U.S. dollar. Last year, the MSCI was double the valuation of the U.S. market, and today it is half. You can see a 18% growth rate.

E.T.F.'s
Mike S. Newton,

Director &, Scotia Wealth Manage...

Price Price
$33.070
Owned Owned
Unknown

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1 Comment

StockNewbie

March 14th 2015 at 10:19am

I enjoy your views and opinion Mike. Thank you


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