Today, Greg Newman commented about whether BIP.UN-T, ALA-T, T-T, LSPD-T, SHOP-T, CNR-T, CP-T, PRL-T, AGI-T, ABX-T, AEM-T, PEY-T, KD-N, IFC-T, MFC-T, AMZN-Q, VRN-T, WCP-T, EIF-T, BEPC-N, GOOG-Q, POW-T, RCI.B-T, BCE-T, GEI-T are stocks to buy or sell.
You really have to respect a chart like this. When you see a chart like this, you know there's another side. You might see a head-and-shoulders pattern, and it's probably going to fall. His guess is that in the next month or so, Trump's going to roll back a lot of stuff and the economy will be better. So areas like gold are going to sell off.
But both the Chinese and central banks are buying it long term. Always a good theme if interest rates are heading down, though inflation prints are bringing that into question today.
Can be a remarkably frustrating area. Cost inflation, operational problems, jurisdictional issues. He's a stock guy, but sometimes it's OK to just be in the index. Think GDX or GDXJ for US $$. XGD in Canada.
Pretty solid earnings, most metrics better than expected. Missed core EPS by 2 cents. Growth names are really getting smashed here as people pull out. Enormous ability to grow, nothing wrong with it. Trades at 6x 2025 PE, with 35% growth rate.
In recessions or growth scares, people have less ability to pay back loans. So a company's PCLs are a concern. 90% of its business is in the US right now. Growing in Canada and in the UK.
If we go into a recession (but he doesn't think we are), this name is probably going to get worse. A really good name given the setup right now on valuation, execution, and the market. If you own it in a non-registered account, try to buy more.
Growth company that hasn't been smashed, despite coming down from highs. Flirting with getting into the NASDAQ 100; if it goes down there, will be a lot more buying. Last quarter earnings were good, subscription revenue up, and executing well. But it's pricey.
Must-own name, but you have to buy it at the right level. Very whippy, use the technicals to buy.
Lowered outlook, analyst downgrades. Trying to focus on NA retail and European hospitality. The question is whether you want to catch this falling knife? You could buy a small position here, but he'd prefer writing a put, obliging yourself to own it ~$10 and get paid a nice premium.
He still models 21% EPS growth, trading ~20x.
At these levels, this whole area is a buy, and this name is a very strong buy. Probably washed out, multi-year lows. Culprits for that are too much debt, imperfect CRTC decisions, increased competition, and less immigration. Yield is 7.8%, and safer than BCE's.
Valuation ~15x is much more reasonable than it's been in years. 2025 won't be great, but beyond that he's modeling decent growth around 13%. Asset sale of towers is a really good catalyst to right the balance sheet. Better use of capital than to have it tied up in that kind of infrastructure.
Place to hide that's somewhat immune from tariffs. High growth in both utilities and midstream. Q4 announced the next wave of growth projects to the end of the decade. Increased propane sales, expansion of the North. Decent yield of 3.2%, grows 5% a year.
Stock's had a move, but still a discounted valuation at under 14x.
Nice Q4 beat. Provides some shelter from tariffs. Still trades at slight discount of 9x, growing ~12%. Nice dividend. Competitor SLF is the one that's had 2 negative surprises in a year.
Still a buy, but be aware that investors are flocking to this area, so it could eventually drop. Great compounder from here for the next 5 years.