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
PARTIAL BUY
PARTIAL BUY
November 26, 2019
A stop loss is a great backstop, so you can cut your losses and let your winners run. Looks overbought right now. Start with a 2% position today, and add another 2% if there's a pullback. Large reach in emerging markets, and best way to access infrastructure all over the world. (Analysts’ price target is $85.00)
Show full opinionHide full opinion
A stop loss is a great backstop, so you can cut your losses and let your winners run. Looks overbought right now. Start with a 2% position today, and add another 2% if there's a pullback. Large reach in emerging markets, and best way to access infrastructure all over the world. (Analysts’ price target is $85.00)
management/diversified
BUY WEAKNESS
BUY WEAKNESS
November 26, 2019
Derivative play on e-commerce. Managing themselves extremely well. Continue to add flights and routes. Good entry point. Things are moving in the economy and about to get really good, and this is a great buy.
Show full opinionHide full opinionDerivative play on e-commerce. Managing themselves extremely well. Continue to add flights and routes. Good entry point. Things are moving in the economy and about to get really good, and this is a great buy.
Transportation & Environmental Services
BUY
BUY
November 26, 2019
Got stopped out. Still a big fan. On demand, system maintenance and monitoring. Great business model. He would be looking to get back in. A buy at these levels.
Show full opinionHide full opinionGot stopped out. Still a big fan. On demand, system maintenance and monitoring. Great business model. He would be looking to get back in. A buy at these levels.
Technology
COMMENT
COMMENT
November 26, 2019
Has been marking time for a year. People often forget about Instagram. He's not sure that he's all that interested in it.
Show full opinionHide full opinionHas been marking time for a year. People often forget about Instagram. He's not sure that he's all that interested in it.
STRONG BUY
STRONG BUY
November 26, 2019
Tim's was to blame for latest disappointing results. Still thinks it's a great space. Rising income, urbanization, growing middle class. Growth model is very attractive. Not often you get to buy a Canadian stock in CAD with strong global assets.
Show full opinionHide full opinionTim's was to blame for latest disappointing results. Still thinks it's a great space. Rising income, urbanization, growing middle class. Growth model is very attractive. Not often you get to buy a Canadian stock in CAD with strong global assets.
food services
SELL
SELL
November 26, 2019
If you're only down 10-15%, that's not so egregious, but there will be some tax loss selling into the end of the year. They'll have difficulty for the next 2 months. He'd probably step aside now, and look again in January.
Show full opinionHide full opinionIf you're only down 10-15%, that's not so egregious, but there will be some tax loss selling into the end of the year. They'll have difficulty for the next 2 months. He'd probably step aside now, and look again in January.
agriculture
TOP PICK
TOP PICK
November 26, 2019
There's been all this negative news, but the price is the same as it was a few years ago. People will be pleasantly surprised when this doubles in the next 5 years. E-commerce is still growing quickly, especially in Asian markets. No dividend. (Analysts’ price target is $225.95)
Show full opinionHide full opinionThere's been all this negative news, but the price is the same as it was a few years ago. People will be pleasantly surprised when this doubles in the next 5 years. E-commerce is still growing quickly, especially in Asian markets. No dividend. (Analysts’ price target is $225.95)
TOP PICK
TOP PICK
November 26, 2019
Has fallen 17% from recent highs due to macro economic issues. The eBay of Latin America. No dividend. (Analysts’ price target is $639.50)
Show full opinionHide full opinionHas fallen 17% from recent highs due to macro economic issues. The eBay of Latin America. No dividend. (Analysts’ price target is $639.50)
merchandising/lodging
TOP PICK
TOP PICK
November 26, 2019
On the west coast. For suppliers who can't get rid of produce, dairy, beauty products, and they sell it to family run stores. Interesting model that's been doing quite well. Like a TJ Max, but for the grocery world. No dividend. (Analysts’ price target is $42.22)
Show full opinionHide full opinionOn the west coast. For suppliers who can't get rid of produce, dairy, beauty products, and they sell it to family run stores. Interesting model that's been doing quite well. Like a TJ Max, but for the grocery world. No dividend. (Analysts’ price target is $42.22)
COMMENT
COMMENT
October 8, 2019
He's not overly concerned with the current sell-off. Sit back and relax a bit. Markets have been sideways for 18 months, actually. It's still a bull market. Underneath this mess, we've had three mini-recessions in the past decade. Unemployment remains at all-time lines and productivity is still good. Investors are scared, not putting money to work. The markets are 2-3% below all-time highs. People are overreacting. He's holding more cash than usual at 15%. He won't turn bearish until American and Chinese consumer numbers turn negative. The big money now is to sit on your hands--be patient, not bearish.
Show full opinionHide full opinionHe's not overly concerned with the current sell-off. Sit back and relax a bit. Markets have been sideways for 18 months, actually. It's still a bull market. Underneath this mess, we've had three mini-recessions in the past decade. Unemployment remains at all-time lines and productivity is still good. Investors are scared, not putting money to work. The markets are 2-3% below all-time highs. People are overreacting. He's holding more cash than usual at 15%. He won't turn bearish until American and Chinese consumer numbers turn negative. The big money now is to sit on your hands--be patient, not bearish.
PARTIAL BUY
PARTIAL BUY
October 8, 2019
Always happens in a US election cycle with candidates threatening to restrict health pricing, but this time investors are overreacting. UNH is a good buy. He'll buy it if there is a positive trend in this. Start building a position now.
Show full opinionHide full opinionAlways happens in a US election cycle with candidates threatening to restrict health pricing, but this time investors are overreacting. UNH is a good buy. He'll buy it if there is a positive trend in this. Start building a position now.
medical services
BUY
BUY
October 8, 2019
Considering the Ameritrade zero commission controversy TD is a buying opportunity and it has been unfairly punished by this issue. He's underweight Canadian banks, so he missed their big move in September. TD is one of his favourites in this sector.
Show full opinionHide full opinionConsidering the Ameritrade zero commission controversy TD is a buying opportunity and it has been unfairly punished by this issue. He's underweight Canadian banks, so he missed their big move in September. TD is one of his favourites in this sector.
banks
BUY
BUY
October 8, 2019
You need to be in this space. He also owns a lot of Visa. But have pulled back recently due to momentum ETFs, and the markets shifted from momentum to value last month. The credit cards are in those ETFs. Visa and Mastercard has done very well for him, so now is a buying opportunity.
You need to be in this space. He also owns a lot of Visa. But have pulled back recently due to momentum ETFs, and the markets shifted from momentum to value last month. The credit cards are in those ETFs. Visa and Mastercard has done very well for him, so now is a buying opportunity.
other services
BUY
BUY
October 8, 2019
He follows the streaming space closely. Roku is unique because it has several thousand apps connected to it--it's a conduit, unlike, say, Netflix. Roku is attractive not for conservative investors.
computer software
COMMENT
COMMENT
October 8, 2019
Where the Dow is going Boeing has issues. Apple is doing well. And so on. There are undercurrents in the big 30 names, price-weighted, held within the Dow. The Dow isn't perfectly constructed, but oddly enough the S&P is very correlated to the Dow. But he'd prefer to look at the S&P which holds a wider breadth of stocks so he sees what is going on in the markets.
Where the Dow is going Boeing has issues. Apple is doing well. And so on. There are undercurrents in the big 30 names, price-weighted, held within the Dow. The Dow isn't perfectly constructed, but oddly enough the S&P is very correlated to the Dow. But he'd prefer to look at the S&P which holds a wider breadth of stocks so he sees what is going on in the markets.
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