Stock Opinions by Greg Newman - Stockchase Experts

Signal	Opinion	Expert	Chart
COMMENT	General Market Comment January 18, 2019 People were overly negative last quarter and it didn't make sense stocks sold-off that hard. We're not having a rally off the Fed being more dovish. He predicts 2019 will be a good year. Now, we see a fear of the market moving higher as investors jump back in. The pain trade is to the upside. FOMO. Earnings are 15% YOY growth in the U.S. There's some great news out there. The TSX is off to a strong start in 2019; global growth will only help Canada, where we got so crushed to the downside. 0 0 0 0 0 0 comments	People were overly negative last quarter and it didn't make sense stocks sold-off that hard. We're not having a rally off the Fed being more dovish. He predicts 2019 will be a good year. Now, we see a fear of the market moving higher as investors jump back in. The pain trade is to the upside. FOMO. Earnings are 15% YOY growth in the U.S. There's some great news out there. The TSX is off to a strong start in 2019; global growth will only help Canada, where we got so crushed to the downside. Unknown 0 0 0 0 0 0 comments Greg Newman Director &, Scotia Wealth Manage... Price $0.000 Owned Unknown	Sign up or Log in to enjoy full view of charts.

BUY	Restaurant Brands International(QSR-T) January 18, 2019 Last quarter revenues were a slight miss. Burger King and Popeye's did perform well. He sees 18% EPS growth and it trades at a reasonable 19X. Good growth of stores and they're turning around Horton's. A good grower. It may be close to breaking out. food services 0 0 0 0 0 0 comments	Last quarter revenues were a slight miss. Burger King and Popeye's did perform well. He sees 18% EPS growth and it trades at a reasonable 19X. Good growth of stores and they're turning around Horton's. A good grower. It may be close to breaking out. food services 0 0 0 0 0 0 comments Greg Newman Director &, Scotia Wealth Manage... Price $76.210 Owned Unknown	Sign up or Log in to enjoy full view of charts.
BUY	Vermilion Energy Inc(VET-T) January 18, 2019 He sees 11% production growth, 8% cash flow per share growth which is not as good as it was, because oil prices have fallen. Good news: trading at 7.4x vs. 9.7x 5-year average. Okay balance sheet, but needs to see a better balance sheet in case the oil price falls. 116% payout ratio for 2020. The dividend is safe-ish. This one of the few dividend oil names you can own. oil/gas 0 0 0 0 0 0 comments	He sees 11% production growth, 8% cash flow per share growth which is not as good as it was, because oil prices have fallen. Good news: trading at 7.4x vs. 9.7x 5-year average. Okay balance sheet, but needs to see a better balance sheet in case the oil price falls. 116% payout ratio for 2020. The dividend is safe-ish. This one of the few dividend oil names you can own. oil/gas 0 0 0 0 0 0 comments Greg Newman Director &, Scotia Wealth Manage... Price $32.670 Owned Unknown	Sign up or Log in to enjoy full view of charts.
SPECULATIVE BUY	Arc Resources Ltd(ARX-T) January 18, 2019 A great company, but the oil price is hurting them. 143% 2020 payout ratio, so the dividend is not safe. 6.5x earnings, cheaper than the past 5 years, but that's high compared to their peers. That said, it's a quality name. You can own this if you expect oil prices to rise. oil/gas 0 0 0 0 0 0 comments	A great company, but the oil price is hurting them. 143% 2020 payout ratio, so the dividend is not safe. 6.5x earnings, cheaper than the past 5 years, but that's high compared to their peers. That said, it's a quality name. You can own this if you expect oil prices to rise. oil/gas 0 0 0 0 0 0 comments Greg Newman Director &, Scotia Wealth Manage... Price $9.900 Owned Unknown	Sign up or Log in to enjoy full view of charts.
BUY	Wajax Corp(WJX-T) January 18, 2019 It'll be flat this year. It's very illiquid, so likely way cheaper than it ought to be. Good balance sheet. Cheap at 8x earnings. The payout ratio is safe. You can buy and win with this. merchandising/lodging 0 0 0 0 0 0 comments	It'll be flat this year. It's very illiquid, so likely way cheaper than it ought to be. Good balance sheet. Cheap at 8x earnings. The payout ratio is safe. You can buy and win with this. merchandising/lodging 0 0 0 0 0 0 comments Greg Newman Director &, Scotia Wealth Manage... Price $19.340 Owned Unknown	Sign up or Log in to enjoy full view of charts.
COMMENT	Cominar Real Estate Inv Tr(CUF.UN-T) January 18, 2019 They've disappointed for a long, long time. Won't see growth until 2020. He sees 1.8% AFFO growth. The balance sheet still carries a little more debt than it should. There are better opportunities out there. If they continue to execute, this should be better in coming years. investment companies/funds 0 0 0 0 0 0 comments	They've disappointed for a long, long time. Won't see growth until 2020. He sees 1.8% AFFO growth. The balance sheet still carries a little more debt than it should. There are better opportunities out there. If they continue to execute, this should be better in coming years. investment companies/funds 0 0 0 0 0 0 comments Greg Newman Director &, Scotia Wealth Manage... Price $11.890 Owned Unknown	Sign up or Log in to enjoy full view of charts.
HOLD	Crescent Point Energy Corp(CPG-T) January 18, 2019 What must the price of oil be for this to see a meaningful upside? $60-65 oil. But Alberta has curtailed production. CPG is more sustainable since cutting their dividend to near-zero. Their debt-to-cash is 1.6x, which is better. Remarkably cheapo at 3.2x earnings. But they don't have good cash flow per share growth nor production growth. We've probably seen the worst. The big difference will be the TransMountain pipeline happening. Hold if you already own, but don't enter this. oil/gas 0 0 0 0 0 0 comments	What must the price of oil be for this to see a meaningful upside? $60-65 oil. But Alberta has curtailed production. CPG is more sustainable since cutting their dividend to near-zero. Their debt-to-cash is 1.6x, which is better. Remarkably cheapo at 3.2x earnings. But they don't have good cash flow per share growth nor production growth. We've probably seen the worst. The big difference will be the TransMountain pipeline happening. Hold if you already own, but don't enter this. oil/gas 0 0 0 0 0 0 comments Greg Newman Director &, Scotia Wealth Manage... Price $4.660 Owned Unknown	Sign up or Log in to enjoy full view of charts.
COMMENT	Surge Energy Inc(SGY-T) January 18, 2019 Cash flow per share is flat. Balance sheet is imperfect. 114% payout ratio (not bad), and there is 10% production growth. It ticks some boxes. A lower-quality oil name, but has higher torque to improving oil prices. oil/gas 0 0 0 0 0 0 comments	Cash flow per share is flat. Balance sheet is imperfect. 114% payout ratio (not bad), and there is 10% production growth. It ticks some boxes. A lower-quality oil name, but has higher torque to improving oil prices. oil/gas 0 0 0 0 0 0 comments Greg Newman Director &, Scotia Wealth Manage... Price $1.350 Owned Unknown	Sign up or Log in to enjoy full view of charts.
BUY	BMO Equal Weight US Banks Hedged to CAD ETF(ZUB-T) January 18, 2019 U.S. banks are much cheaper than ours and boast 10% growth rates. Trading at only 10x PE. They have loan growth. They all had a tough Q4 and, except for fixed income, the banks are operating well. So ZUB is a buy. E.T.F.'s 0 0 0 0 0 0 comments	U.S. banks are much cheaper than ours and boast 10% growth rates. Trading at only 10x PE. They have loan growth. They all had a tough Q4 and, except for fixed income, the banks are operating well. So ZUB is a buy. E.T.F.'s 0 0 0 0 0 0 comments Greg Newman Director &, Scotia Wealth Manage... Price $26.720 Owned Unknown	Sign up or Log in to enjoy full view of charts.
PARTIAL BUY	Alibaba Group Holding(BABA-N) January 18, 2019 He sees for 2019 only 8% growth, which is low for BABA, but he foresees it rising to 25% beyond. This is growth at a reasonable price. A quality name to buy bit by bit after this pullback. 0 0 0 0 0 0 comments	He sees for 2019 only 8% growth, which is low for BABA, but he foresees it rising to 25% beyond. This is growth at a reasonable price. A quality name to buy bit by bit after this pullback. 0 0 0 0 0 0 0 comments Greg Newman Director &, Scotia Wealth Manage... Price $157.020 Owned Unknown	Sign up or Log in to enjoy full view of charts.
PAST TOP PICK	National Bank of Canada(NA-T) January 18, 2019 (A Top Pick Jan 26/18, Down 2%) Q4 was strong, capping off a great year. They had sector-leading ROE at 18.5%. Still trades at a discount to peers. Earnings will grow 7%, but Canadian debt is a worry. You can buy it now. banks 0 0 0 0 0 0 comments	(A Top Pick Jan 26/18, Down 2%) Q4 was strong, capping off a great year. They had sector-leading ROE at 18.5%. Still trades at a discount to peers. Earnings will grow 7%, but Canadian debt is a worry. You can buy it now. banks 0 0 0 0 0 0 comments Greg Newman Director &, Scotia Wealth Manage... Price $60.740 Owned Yes	Sign up or Log in to enjoy full view of charts.
PAST TOP PICK	Stantec Inc(STN-T) January 18, 2019 (A Top Pick Jan 26/18, Down 9%) Just exited construction business, pulling down this stock. Trading at 14x, still cheap vs. peers, and expects strong growth this year. Be patient. It'll work out. consulting 0 0 0 0 0 0 comments	(A Top Pick Jan 26/18, Down 9%) Just exited construction business, pulling down this stock. Trading at 14x, still cheap vs. peers, and expects strong growth this year. Be patient. It'll work out. consulting 0 0 0 0 0 0 comments Greg Newman Director &, Scotia Wealth Manage... Price $31.160 Owned Yes	Sign up or Log in to enjoy full view of charts.
PAST TOP PICK	Shopify Inc.(SHOP-T) January 18, 2019 (A Top Pick Jan 26/18, Up 33%) Their Q3 was a good beat, up 58% YOY. He expects even more this year. He see 230% EPS growth this year. But it trades at 160x 2020 earnings. 0 0 0 0 0 0 comments	(A Top Pick Jan 26/18, Up 33%) Their Q3 was a good beat, up 58% YOY. He expects even more this year. He see 230% EPS growth this year. But it trades at 160x 2020 earnings. 0 0 0 0 0 0 0 comments Greg Newman Director &, Scotia Wealth Manage... Price $210.550 Owned Yes	Sign up or Log in to enjoy full view of charts.
BUY	Brookfield Renewable Energy(BEP.UN-T) January 18, 2019 High quality. Decent payout ratio. Earnings to grow 18%. Quality assets. Lots of liquidity through asset sales and will deploy capital. It ticks all boxes except it's pricey vs. peers. Utilities 0 0 0 0 0 0 comments	High quality. Decent payout ratio. Earnings to grow 18%. Quality assets. Lots of liquidity through asset sales and will deploy capital. It ticks all boxes except it's pricey vs. peers. Utilities 0 0 0 0 0 0 comments Greg Newman Director &, Scotia Wealth Manage... Price $37.780 Owned Unknown	Sign up or Log in to enjoy full view of charts.
BUY	Brookfield Property Partners(BPY.UN-T) January 18, 2019 Growing dividend 5% annually, with 9% AFFO growth. 14.6x valuation. High-quality REIT, a play on U.S. office. They break old malls and re-package them. This is defence as well as offence. REAL ESTATE 0 0 0 0 0 0 comments	Growing dividend 5% annually, with 9% AFFO growth. 14.6x valuation. High-quality REIT, a play on U.S. office. They break old malls and re-package them. This is defence as well as offence. REAL ESTATE 0 0 0 0 0 0 comments Greg Newman Director &, Scotia Wealth Manage... Price $23.140 Owned Unknown	Sign up or Log in to enjoy full view of charts.

Greg Newman Latest Top Picks...

Stock Opinions by Greg Newman - Stockchase Experts