Market Call

Greg Newman's Top Picks: August 16, 2023

Greg Newman, senior wealth advisor and portfolio manager, ScotiaMcLeod

FOCUS: North American stocks and protection strategies 


MARKET OUTLOOK:

Rising bond yields, an anemic China, seasonality, higher valuations, more downgrades on the U.S. banks and more bullish positioning are weighing on equities.

Yet, analyst earning expectations and a healthy job market remain supportive. There are some compelling places to put money to work in equities, but short-term bonds and cash also pay very well. Given this degree of uncertainty, a healthy amount of both offence and defence is prudent. Stay on or near your asset allocation.  

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TOP PICKS:

Greg Newman’s Top Picks

Greg Newman, senior wealth advisor and portfolio manager at Newman Group, discusses his top picks: AltaGas, Chartwell Retirement Residences, and Comcast.

AltaGas (ALA TSX)

AltaGas offers investors nice growth at a reasonable price with a nice growing dividend.

Chartwell Retirement Residences (CSH.UN TSX)

Chartwell Retirement Residences offers investors robust growth at a reasonable price with a nice dividend.

Comcast (CMCSA NASD)

Comcast offers investors nice growth at a compelling valuation with a decent dividend.

 

DISCLOSURE PERSONAL FAMILY PORTFOLIO/FUND
AltaGas (ALA TSX) Y Y Y
Chartwell Retirement Residences (CSH.UN TSX) Y Y Y
Comcast (CMCSA NASD) Y Y Y

 

PAST PICKS: July 28, 2022

Greg Newman’s Past Picks

Greg Newman, senior wealth advisor and portfolio manager at Newman Group, discusses his past picks: Keyera, Brookfield Infrastructure Partners, and Manulife Financial.

Keyera (KEY TSX)

  • Then: $32.44
  • Now: $32.25
  • Return: -1%
  • Total Return: 5%

Brookfield Infrastructure Partners (BIP.UN TSX)

  • Then: $50.80
  • Now: $43.04
  • Return: -15%
  • Total Return: -12%

Manulife Financial (MFC TSX)

  • Then: $23.13
  • Now: $25.33
  • Return: 10%
  • Total Return: 16%

Total Return Average: 3%

 

DISCLOSURE PERSONAL FAMILY PORTFOLIO/FUND
KEY TSX Y Y Y
BIP.UN TSX Y Y Y
MFC TSX Y Y Y