Greg Newman
Director & Portfolio Manager at Scotia Wealth Management
Member since: Sep '11 · 1932 Opinions
Rating Card
| All | 
Rating
| 
Big Win
| 
Win
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Neutral
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Loss
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Big Loss
|  |
|---|---|---|---|---|---|---|---|
| 4.64 | 195 22.81% | 237 27.72% | 148 17.31% | 177 20.70% | 98 11.46% | ||
| 1 Month | 4.58 | 3 1.42% | 70 33.18% | 84 39.81% | 49 23.22% | 5 2.37% | |
| 6 Months | 4.82 | 35 17.16% | 76 37.25% | 31 15.20% | 38 18.63% | 24 11.76% | |
| 12 Months | 4.8 | 48 25.40% | 54 28.57% | 21 11.11% | 42 22.22% | 24 12.70% | |
| 2 Years | 4.76 | 61 36.97% | 33 20.00% | 12 7.27% | 32 19.39% | 27 16.36% | |
| 5 Years | 4.26 | 48 55.81% | 4 4.65% | 0 0.00% | 16 18.60% | 18 20.93% |
Stock Opinions by Greg Newman
The US markets are fully valued, though there are pockets to pick away at. You can buy growth stocks when they dip. However, year-end S&P estimates aren't much more than current levels. The real action remains in the TSX and outside the US which are pretty cheap. He's commodities-based--metals, meterials, and banks all look good. These are still exciting times. If markets sell off on China or lower bond yields, then these are buying opportunities. In the TSX, industrials and commodities (oil and gas) are very cheap and look good. Financials are okay. The CAD is a reflationary trade and has backed off; but maybe late in the year the CAD will come back and encourage foreign investment in Canadian stocks for the first time in a long time. Big tech like Apple and Microsoft report and you have to own them, though Apple is pretty rich. You still need to buy Amazon based on price-to-growth. It's summer, so there are correction fears, but there was one sell-off day last week, followed by four days of rallies. A correction? No. He doesn't see one. Maybe the market won't go up a whole lot, but it won't fall apart.
$0.000
Unknown
CN vs. CP Easy. Go with CN. Latest news is a letter saying that the merger with KSU is not in the public interest. If the merger happens, it will be accretive long-term. If not, CN remains attractive, trading at 18x 2023 earnings while growing at 11%. At times, he's a CP guy, but here he'd pick CNR. [Note: some audio problems]
(A Top Pick Aug 17/20, Up 62%) It remains a compelling name. He models 14% EPS growth. Their underlying subsidiaries are performing well, including Great-west Life which is doing acqutisiions. Also are doing private equity plays like Wealthsimple. Pays a nice dividend.
A must-own. Their infrastructure, renewable power and BBU stocks and divisions are all great and you can own any of them. Their private equity division is on fire and is the real kicker in owning BAM. It'll grow and can own it long term. Of course, buying on dips like 5% is good.
