Latest Expert Opinions

Signal
Opinion
Expert
HOLD
HOLD
October 6, 2016

A very controversial part of the US market right now. The dividend market, which has been a darling for a very, very long time, may start encountering a little bit of stumbling when rates start moving back up. This is generally an excellent investment, but it is going to cause you a bit of grief in the short term. When you add on the covered call side of it, that is fine in a very volatile kind of sideways moving market. It will probably hold its own for a little while, but you are going to have a lot of people telling you that you shouldn’t own it. He would keep your weighting at about 4% of your portfolio.

A very controversial part of the US market right now. The dividend market, which has been a darling for a very, very long time, may start encountering a little bit of stumbling when rates start moving back up. This is generally an excellent investment, but it is going to cause you a bit of grief in the short term. When you add on the covered call side of it, that is fine in a very volatile kind of sideways moving market. It will probably hold its own for a little while, but you are going to have a lot of people telling you that you shouldn’t own it. He would keep your weighting at about 4% of your portfolio.

Mike S. Newton, CIM FCSI
Director & Portfolio Manager, Scotia Wealth Management
Price
$19.500
Owned
Unknown
HOLD
HOLD
October 6, 2016

This whole new mortgage rules coming down has obviously caused a lot of consternation, and there has already been a bit of follow up from it. No matter what happens with all these mortgage rules, we know that Canadian banks are probably going to have a slowing mortgage business. They are also going to be seeing more intense capital requirements to back up some of the mortgages. Also, if interest rates start to rise that will become a good thing.

This whole new mortgage rules coming down has obviously caused a lot of consternation, and there has already been a bit of follow up from it. No matter what happens with all these mortgage rules, we know that Canadian banks are probably going to have a slowing mortgage business. They are also going to be seeing more intense capital requirements to back up some of the mortgages. Also, if interest rates start to rise that will become a good thing.

Mike S. Newton, CIM FCSI
Director & Portfolio Manager, Scotia Wealth Management
Price
$23.920
Owned
Unknown
WEAK BUY
WEAK BUY
October 6, 2016

The insurance sector is another one of these situations where they want a rising interest rate. This is the only insurance company that he would be interested in. The good thing is that most of the bad news and sentiment in this sector is really all priced in. You are really, truly buying it at a very, very fair democratic price, and you are just going to need the environment around it to get it going.

The insurance sector is another one of these situations where they want a rising interest rate. This is the only insurance company that he would be interested in. The good thing is that most of the bad news and sentiment in this sector is really all priced in. You are really, truly buying it at a very, very fair democratic price, and you are just going to need the environment around it to get it going.

Mike S. Newton, CIM FCSI
Director & Portfolio Manager, Scotia Wealth Management
Price
$43.440
Owned
No
BUY
BUY
October 6, 2016

They suddenly have come back into major league favour after being in the penalty shed for 18 months. At the beginning of this year, things started to look a little better for them. This has always been a well-managed company and is finally bearing the fruits of their labour.

Enbridge (ENB-T)
October 6, 2016

They suddenly have come back into major league favour after being in the penalty shed for 18 months. At the beginning of this year, things started to look a little better for them. This has always been a well-managed company and is finally bearing the fruits of their labour.

Mike S. Newton, CIM FCSI
Director & Portfolio Manager, Scotia Wealth Management
Price
$56.790
Owned
Yes
COMMENT
COMMENT
October 6, 2016

The grocery business is tough. Razor thin margins and very competitive. Food inflation is starting to fall back a little. This started to decline 5 months ago when there was changed guidance on the name, expecting things to fall off a little. This is also showing up in Canada. Also, he understands that Walmart had taken a lot of market share from them, not only in a general basis, but in very specific regional markets.

Kroger Co. (KR-N)
October 6, 2016

The grocery business is tough. Razor thin margins and very competitive. Food inflation is starting to fall back a little. This started to decline 5 months ago when there was changed guidance on the name, expecting things to fall off a little. This is also showing up in Canada. Also, he understands that Walmart had taken a lot of market share from them, not only in a general basis, but in very specific regional markets.

Mike S. Newton, CIM FCSI
Director & Portfolio Manager, Scotia Wealth Management
Price
$29.370
Owned
No
COMMENT
COMMENT
October 6, 2016

Conditions are ripe for the US banks. His 1st attraction to the banking sector was when he started noticing that on conference calls, the CEO’s on some of the big names weren’t having conversations about litigations anymore and the ghosts of 2008. A steeper yield curve is going to help the situation. Be patient on this.

Conditions are ripe for the US banks. His 1st attraction to the banking sector was when he started noticing that on conference calls, the CEO’s on some of the big names weren’t having conversations about litigations anymore and the ghosts of 2008. A steeper yield curve is going to help the situation. Be patient on this.

Mike S. Newton, CIM FCSI
Director & Portfolio Manager, Scotia Wealth Management
Price
$19.610
Owned
Unknown
COMMENT
COMMENT
October 6, 2016

The positive effect is when Trudeau announced he was going to legalize marijuana. However, we all know that when government gets involved, prices, supply, profits get controlled, and the opportunity suddenly shrinks down less than what you initially thought. He thinks it is going to be a collision case in what happens.

The positive effect is when Trudeau announced he was going to legalize marijuana. However, we all know that when government gets involved, prices, supply, profits get controlled, and the opportunity suddenly shrinks down less than what you initially thought. He thinks it is going to be a collision case in what happens.

Mike S. Newton, CIM FCSI
Director & Portfolio Manager, Scotia Wealth Management
Price
$4.890
Owned
No