Market Call

Greg Newman's Top Picks: April 29, 2022

Greg Newman, senior wealth advisor and portfolio manager, Scotia Wealth Management

FOCUS: North American stocks


MARKET OUTLOOK:

Central banks will likely continue to attack inflation by raising rates and shrinking their balance sheets. The multiple that stocks should trade at will continue to remain in question.

Additionally, investors will be nervous as to whether central banks can ultimately pull off a soft landing. Against this backdrop, we own a higher percentage of cash, dividend stocks, blue chips and stocks that can benefit from inflation. We are also opportunistic with accumulating oversold areas in technology and growth on pronounced weakness.

  • Sign up for the Market Call Top Picks newsletter at bnnbloomberg.ca/subscribe
  • Listen to the Market Call podcast on iHeart, or wherever you get your podcasts

 

TOP PICKS:

Greg Newman's Top Picks

Greg Newman, senior wealth advisor and portfolio manager at Scotia Wealth Management, discusses his top picks: BMO Equal Weight U.S. Banks ETF, Walt Disney, and PayPal.

BMO Equal Weight U.S. Banks ETF (ZUB TSX)

BMO offers investors a nice growth opportunity at an attractive valuation

Walt Disney (DIS NYSE)

Disney offers investors an attractive growth profile while trading at a reasonable multiple.

PayPal (PYPL NASD)

PayPal offers investors a high growth profile while trading at a compelling multiple.

 

DISCLOSURE PERSONAL FAMILY PORTFOLIO/FUND
 BMO Equal Weight U.S. Banks ETF (ZUB TSX) Y Y
 Walt Disney (DIS NYSE) Y Y Y
PayPal (PYPL NASD) Y Y Y

 

 

PAST PICKS: April 16, 2021

Greg Newman's Past Picks

Greg Newman, senior wealth advisor and portfolio manager at Scotia Wealth Management, discusses his past picks: BCE, Bank of Montreal, and Enbridge.

BCE Inc. (BCE TSX)

  • Then: $58.11
  • Now: $69.44
  • Return: 19%
  • Total Return: 26%

Bank of Montreal (BMO TSX)

  • Then: $114.82
  • Now: $138.28
  • Return: 20%
  • Total Return: 26%

Enbridge (ENB TSX)

  • Then: $46.63
  • Now: $57.05
  • Return: 22%
  • Total Return: 30%

Total Return Average: 27%

 

DISCLOSURE PERSONAL FAMILY PORTFOLIO/FUND
BCE TSX Y Y Y
 BMO TSX Y Y Y
 ENB TSX Y Y Y