Latest Expert Opinions

Signal
Opinion
Expert
BUY WEAKNESS
BUY WEAKNESS
November 21, 2018
Average down? It depends on your risk tolerance and how much you already own. BABA wins over time. It's still now that expensive vs. its growth rate. Q2 was in line as revenues grew 25% YOY. Commercial revenue was up 31%. They did offer a slowdown in their guidance due to overall China slowdown--and that's why the stock has dipped. He expects a strong growth rate in 2019. Be patient. Good fundamentals.
Average down? It depends on your risk tolerance and how much you already own. BABA wins over time. It's still now that expensive vs. its growth rate. Q2 was in line as revenues grew 25% YOY. Commercial revenue was up 31%. They did offer a slowdown in their guidance due to overall China slowdown--and that's why the stock has dipped. He expects a strong growth rate in 2019. Be patient. Good fundamentals.
Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$149.410
Owned
Unknown
COMMENT
COMMENT
November 21, 2018
Since 2015, their management has delivered on promises, though last quarter BBD's cash flow had a bad hiccup. Investors punished them. Also the US trade issue hurt them. BBD should be a screaming buy as long as the global economy remains fine and BBD executes. Beware: BBD carries a lot of debt and we're seeing rising interest rates. He still believes in it.
Since 2015, their management has delivered on promises, though last quarter BBD's cash flow had a bad hiccup. Investors punished them. Also the US trade issue hurt them. BBD should be a screaming buy as long as the global economy remains fine and BBD executes. Beware: BBD carries a lot of debt and we're seeing rising interest rates. He still believes in it.
Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$2.260
Owned
Yes
BUY WEAKNESS
BUY WEAKNESS
November 21, 2018
Their Q3 earnings beat. They made only minor revisions to guidance. They trade at only 7x 2019, lower than peers. Good balance sheet. But their growth is slowing down. He wouldn't buy it now, but it's okay to hold. It'll be higher 3-5 years from now.
Magna Int'l. (A) (MG-T)
November 21, 2018
Their Q3 earnings beat. They made only minor revisions to guidance. They trade at only 7x 2019, lower than peers. Good balance sheet. But their growth is slowing down. He wouldn't buy it now, but it's okay to hold. It'll be higher 3-5 years from now.
Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$66.620
Owned
Unknown
BUY
BUY
November 21, 2018
They benefit from the wide WCS differential. They just beat their earnings 7%. Excellent balance sheet. 0.3x net debt-to-EBITDA. 79% payout ratio supports their dividend, and trade cheaper than peers. Only caveat is he doesn't so as much growth in 2019. If you need to own oil, this is very defensive.
Husky Energy (HSE-T)
November 21, 2018
They benefit from the wide WCS differential. They just beat their earnings 7%. Excellent balance sheet. 0.3x net debt-to-EBITDA. 79% payout ratio supports their dividend, and trade cheaper than peers. Only caveat is he doesn't so as much growth in 2019. If you need to own oil, this is very defensive.
Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$16.350
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
November 21, 2018
(A Top Pick Dec 15/17, Down 6%) They paid off debt and simplified their structure. Trades at a good valuation with a sold balance sheet. Good dividend and he sees 6% EPS growth. It'll go higher.
Enbridge (ENB-T)
November 21, 2018
(A Top Pick Dec 15/17, Down 6%) They paid off debt and simplified their structure. Trades at a good valuation with a sold balance sheet. Good dividend and he sees 6% EPS growth. It'll go higher.
Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$44.320
Owned
Yes
PAST TOP PICK
PAST TOP PICK
November 21, 2018
(A Top Pick Dec 15/17, Up 4%) Sees 17% share growth. Still solid. They don't have headline risk like TransMountain. They're involved in smaller projects. Good dividend at 54% payout ratio. They have pricing power. A good place to hide and get paid a decent dividend in a rocky market.
(A Top Pick Dec 15/17, Up 4%) Sees 17% share growth. Still solid. They don't have headline risk like TransMountain. They're involved in smaller projects. Good dividend at 54% payout ratio. They have pricing power. A good place to hide and get paid a decent dividend in a rocky market.
Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$44.220
Owned
No
PAST TOP PICK
PAST TOP PICK
November 21, 2018
(A Top Pick Dec 15/17, Up 2%) Emerging markets now are woefully cheap. A catalyst would be a deal with Trump and China or ZID hits a low-enough level which we're close to. ZID is still cheap to its growth rate at 16x earnings. 15.5% growth forecast. A good place to park money and you will win long-term.
(A Top Pick Dec 15/17, Up 2%) Emerging markets now are woefully cheap. A catalyst would be a deal with Trump and China or ZID hits a low-enough level which we're close to. ZID is still cheap to its growth rate at 16x earnings. 15.5% growth forecast. A good place to park money and you will win long-term.
Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$25.000
Owned
Yes