Latest Expert Opinions

Signal
Opinion
Expert
HOLD
HOLD
December 11, 2018
It's unfortunate that it didn't gain from the USMCA deal. He exited a while ago to avoid dealing with that noise. It's trading at 9x and growing earnings at double digits. Very profitable and re-tooling on the driverless car front. All positive, but it's been tough. If you hold, sit tight. Don't enter it.
Magna Int'l. (A)(MG-T)
December 11, 2018
It's unfortunate that it didn't gain from the USMCA deal. He exited a while ago to avoid dealing with that noise. It's trading at 9x and growing earnings at double digits. Very profitable and re-tooling on the driverless car front. All positive, but it's been tough. If you hold, sit tight. Don't enter it.
Mike S. Newton, CIM FCSI
Director & Portfolio Manager, Scotia Wealth Management
Price
$60.230
Owned
No
DON'T BUY
DON'T BUY
December 11, 2018
Owned it in the past. The fundmentals are being ignored in this market. US financials have done nothing all year. In the summer, he greatly reduced exposure in this sector. He needs to see a definite price move to get interested in this stock and sector. As for Powell rising rates, either he gives markets a rate hike that the market doesn't need, or investors panic because he didn't raise rates (because he feels the economy is weak).
Bank of America(BAC-N)
December 11, 2018
Owned it in the past. The fundmentals are being ignored in this market. US financials have done nothing all year. In the summer, he greatly reduced exposure in this sector. He needs to see a definite price move to get interested in this stock and sector. As for Powell rising rates, either he gives markets a rate hike that the market doesn't need, or investors panic because he didn't raise rates (because he feels the economy is weak).
Mike S. Newton, CIM FCSI
Director & Portfolio Manager, Scotia Wealth Management
Price
$24.580
Owned
No
DON'T BUY
DON'T BUY
December 11, 2018
He used to follow this. It's taken a beating because of protectionism and budgets to buy buses have been slashed. The 4% dividend is interesting, but he'll stay away for now. Maybe later.
He used to follow this. It's taken a beating because of protectionism and budgets to buy buses have been slashed. The 4% dividend is interesting, but he'll stay away for now. Maybe later.
Mike S. Newton, CIM FCSI
Director & Portfolio Manager, Scotia Wealth Management
Price
$34.080
Owned
No
DON'T BUY
DON'T BUY
December 11, 2018
It became stock associated with Tesla (and lithium). Hasn't been following it. He won't look at this until global conditions improve.
Albemarle Corp(ALB-N)
December 11, 2018
It became stock associated with Tesla (and lithium). Hasn't been following it. He won't look at this until global conditions improve.
Mike S. Newton, CIM FCSI
Director & Portfolio Manager, Scotia Wealth Management
Price
$89.080
Owned
No
TOP PICK
TOP PICK
December 11, 2018
Price action in a negative market is attraction. Cheap price earnings. Catalysts include picking up business from Huawei, but that could face backlash, since 16% of their business is derived from China. He still believes in the big 5G roll-out. They're managing their cloud solutions well. A real turnaround and great name. (Analysts’ price target is $51.21)
Cisco(CSCO-Q)
December 11, 2018
Price action in a negative market is attraction. Cheap price earnings. Catalysts include picking up business from Huawei, but that could face backlash, since 16% of their business is derived from China. He still believes in the big 5G roll-out. They're managing their cloud solutions well. A real turnaround and great name. (Analysts’ price target is $51.21)
Mike S. Newton, CIM FCSI
Director & Portfolio Manager, Scotia Wealth Management
Price
$47.090
Owned
Yes
TOP PICK
TOP PICK
December 11, 2018
It's #5 in revenue of all US companies. They'll do $250 billion in revenue in 2019. It's down only 7-8% during this market carngage, so it's held its own. The CEO belives they just started a growth boom. Has a good runway ahead, working closely with government agencies and in South America. Good defensive stock. (Analysts’ price target is $304.74)
It's #5 in revenue of all US companies. They'll do $250 billion in revenue in 2019. It's down only 7-8% during this market carngage, so it's held its own. The CEO belives they just started a growth boom. Has a good runway ahead, working closely with government agencies and in South America. Good defensive stock. (Analysts’ price target is $304.74)
Mike S. Newton, CIM FCSI
Director & Portfolio Manager, Scotia Wealth Management
Price
$267.220
Owned
Yes
TOP PICK
TOP PICK
December 11, 2018
A plummet in shares last week. But it has a very good brand and he believes a positive catalyst of some sort will happen, like someone will buy it. This is a speculative buy. Expect more pressure because of tax-loss selling, but then it can only go up. (Analysts’ price target is $5.44)
Roots Corporation(ROOT-T)
December 11, 2018
A plummet in shares last week. But it has a very good brand and he believes a positive catalyst of some sort will happen, like someone will buy it. This is a speculative buy. Expect more pressure because of tax-loss selling, but then it can only go up. (Analysts’ price target is $5.44)
Mike S. Newton, CIM FCSI
Director & Portfolio Manager, Scotia Wealth Management
Price
$3.230
Owned
Yes