Mike S. Newton, CIM FCSI
Member since: Jun '09
Director & Portfolio Manager at
Scotia Wealth Management
Scotia Wealth Management
1532 Opinions
Latest Top Picks
(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.
(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.
(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.
They make speakers for the home connected to the internet. Their marketing has brought new buyers in sound bars and smart speakers. He thinks it is a great opportunity. Their revenues have jumped 400%. There were rumours they might be a take out target in the next year. Yield 0% (Analysts’ price target is $11.93)
He has owned this for some time now. They are in cleaning, sanitizing and waste management. Bill Gates owns a big chunk of their shares. Yield 0.94% (Analysts’ price target is $187.86)
Signal
Opinion
Expert
Chart
COMMENT
COMMENT
May 22, 2020
Nasdaq? He owned a short Nasdaq ETF as a hedge for a while. Now that there is blue sky for the technology names, he covered that. He is expecting a pull back soon, so be cautious and patient.
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Nasdaq? He owned a short Nasdaq ETF as a hedge for a while. Now that there is blue sky for the technology names, he covered that. He is expecting a pull back soon, so be cautious and patient.
E.T.F.'s
COMMENT
COMMENT
May 22, 2020
CAD $ ETFs in other countries? It depends on your view of the Canadian dollar. He is not bullish on the CAD. He would not be afraid to buy the US dollar equivalent for other country ETFs. He would caution about being too clever about moving away from the US markets, which have a good thing going.
Show full opinionHide full opinionCAD $ ETFs in other countries? It depends on your view of the Canadian dollar. He is not bullish on the CAD. He would not be afraid to buy the US dollar equivalent for other country ETFs. He would caution about being too clever about moving away from the US markets, which have a good thing going.
SPECULATIVE BUY
SPECULATIVE BUY
May 22, 2020
He bought AC in late-March. He thinks that was a mistake as he got his head handed to him. If you are in the camp that things will get better for travel in general (including hotels, ride-sharing, airlines, etc.) this will be a great investment. He would not go in guns a blazing -- take a small position and average in. All bets are off if the cases of COVID continue unabated.
Show full opinionHide full opinionHe bought AC in late-March. He thinks that was a mistake as he got his head handed to him. If you are in the camp that things will get better for travel in general (including hotels, ride-sharing, airlines, etc.) this will be a great investment. He would not go in guns a blazing -- take a small position and average in. All bets are off if the cases of COVID continue unabated.
Transportation
BUY WEAKNESS
BUY WEAKNESS
May 22, 2020
A great success story out of Montreal. They specialize in hospitality point of sale and their earnings report was very positive. They are doing something right and the adoption of their technology is growing -- over 600,000 merchants use their product. Maybe a little rich today.
Show full opinionHide full opinionA great success story out of Montreal. They specialize in hospitality point of sale and their earnings report was very positive. They are doing something right and the adoption of their technology is growing -- over 600,000 merchants use their product. Maybe a little rich today.
COMMENT
COMMENT
E.T.F.'s
COMMENT
COMMENT
E.T.F.'s
COMMENT
COMMENT
E.T.F.'s
HOLD
HOLD
May 22, 2020
You will own Canadian utility companies, while they right covered calls. If you think the market is going sideways, it would be a good play. He likes the dividends utilities spit out. Yield 7.8%
Show full opinionHide full opinionYou will own Canadian utility companies, while they right covered calls. If you think the market is going sideways, it would be a good play. He likes the dividends utilities spit out. Yield 7.8%
E.T.F.'s
WAIT
WAIT
May 22, 2020
The uncertainty around bank stocks are only up about half of the general market from the March lows. There are credit concerns and fears of write-downs. He would advise to wait to see how earnings shake out. The dividend is pretty safe as the group payout ratio is only about 71%. The banks will have to prove to stakeholders they have compassion on loan forgiveness. Starting March 26 the banks will begin to show earnings.
Show full opinionHide full opinionThe uncertainty around bank stocks are only up about half of the general market from the March lows. There are credit concerns and fears of write-downs. He would advise to wait to see how earnings shake out. The dividend is pretty safe as the group payout ratio is only about 71%. The banks will have to prove to stakeholders they have compassion on loan forgiveness. Starting March 26 the banks will begin to show earnings.
banks
TOP PICK
TOP PICK
May 22, 2020
They make speakers for the home connected to the internet. Their marketing has brought new buyers in sound bars and smart speakers. He thinks it is a great opportunity. Their revenues have jumped 400%. There were rumours they might be a take out target in the next year. Yield 0% (Analysts’ price target is $11.93)
Show full opinionHide full opinionThey make speakers for the home connected to the internet. Their marketing has brought new buyers in sound bars and smart speakers. He thinks it is a great opportunity. Their revenues have jumped 400%. There were rumours they might be a take out target in the next year. Yield 0% (Analysts’ price target is $11.93)
communications/media
TOP PICK
TOP PICK
May 22, 2020
He has owned this for some time now. They are in cleaning, sanitizing and waste management. Bill Gates owns a big chunk of their shares. Yield 0.94% (Analysts’ price target is $187.86)
Show full opinionHide full opinionHe has owned this for some time now. They are in cleaning, sanitizing and waste management. Bill Gates owns a big chunk of their shares. Yield 0.94% (Analysts’ price target is $187.86)
contractors
TOP PICK
TOP PICK
May 22, 2020
It has already rising over 160% this year. Its time is now. He likes how analysts see this on an Amazon type of trajectory, with revenues about to soar. They are partnering with Facebook. It is exploring entering into commercial payments beyond the mom and pop type entities he thinks. Yield 0% (Analysts’ price target is $715.11)
It has already rising over 160% this year. Its time is now. He likes how analysts see this on an Amazon type of trajectory, with revenues about to soar. They are partnering with Facebook. It is exploring entering into commercial payments beyond the mom and pop type entities he thinks. Yield 0% (Analysts’ price target is $715.11)
COMMENT
COMMENT
February 5, 2020
Out of nowhere came the coronavirus which hit the energy stocks of the TSX (and the U.S.). A rebound had to come. Surprisingly, investors are brushing off this scare, though he hopes the virus doesn't spread. Canada will do very well with this rebound, because China is a big user of our products. The TSX hit a new high today, but over 10 years it still badly lags American indices like the Dow. The Dow is way up today because of health stock soaring....He always believed in Tesla and still recommends it. Sometimes it's not bad to pile onto a bubble--but you don't lose money taking profits too early, either. Tesla could show big growth this decade.
Show full opinionHide full opinionOut of nowhere came the coronavirus which hit the energy stocks of the TSX (and the U.S.). A rebound had to come. Surprisingly, investors are brushing off this scare, though he hopes the virus doesn't spread. Canada will do very well with this rebound, because China is a big user of our products. The TSX hit a new high today, but over 10 years it still badly lags American indices like the Dow. The Dow is way up today because of health stock soaring....He always believed in Tesla and still recommends it. Sometimes it's not bad to pile onto a bubble--but you don't lose money taking profits too early, either. Tesla could show big growth this decade.
BUY
BUY
February 5, 2020
A Canadian healthcare ETF Charges an MER of 0.35%. Healthcare in US election years is vulnerable as candidates target health costs. But industry fundamentals are improving. ZHU consists of 28% healthcare equipment and 22% biotech. To compare, XLV is 35% is pharma and only 13% in biotech.
E.T.F.'s
BUY
BUY
February 5, 2020
He likes the chart. Most investors were disappointed in this in the last 5 years, but it rebounded in mid-2018. He now likes it. Stick with it.
Show full opinionHide full opinionHe likes the chart. Most investors were disappointed in this in the last 5 years, but it rebounded in mid-2018. He now likes it. Stick with it.
oil/gas pipelines
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