Greg Newman's Top Picks: July 28, 2022
Greg Newman, senior wealth advisor and portfolio manager, Newman Group, ScotiaWealth
FOCUS: North American dividend stocks and protection strategies
MARKET OUTLOOK:
The bulls argue that a U.S. Federal Reserve pivot is starting to appear in sight and that asset prices have already adjusted adequately.
The bears argue that earnings are about to erode further and that another leg down is imminent.
Regardless, we already see value in some areas of fixed income, preferred shares, high yield bonds and equities.
A 60/40 portfolio sets up nicely here for a three to five year horizon.
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Top Picks:
Greg Newman, senior wealth advisor and portfolio manager at Scotia Wealth Managementt, discusses his top picks: Keyera, Brookfield Infrastructure Partners, and Manulife Financial.
Keyera (KEY TSX)
Brookfield Infrastructure Partners (BIP.UN TSX)
Manulife Financial (MFC TSX)
| DISCLOSURE | PERSONAL | FAMILY | PORTFOLIO/FUND |
|---|---|---|---|
| Keyera (KEY TSX) | Y | Y | Y |
| BIP.UN TSX | Y | Y | Y |
| Manulife Financial (MFC TSX) | Y | Y | Y |
Past Picks: July 27, 2021
Greg Newman, senior wealth advisor and portfolio manager at Scotia Wealth Managementt, discusses his past picks: Telus International, Intact Financial, and Intertape Polymer Group.
Telus International (TIXT TSX)
- Then: $38.77
- Now: $35.35
- Return: -9%
- Total Return: -9%
Intact Financial (IFC TSX)
- Then: $169.57
- Now: $182.82
- Return: 8%
- Total Return: 10%
Intertape Polymer Group (ITP TSX)
- Then: $27.11
- When acquired: $40.50
- Return: 49%
- Total Return: 53%
Total Return Average: 18%
| DISCLOSURE | PERSONAL | FAMILY | PORTFOLIO/FUND |
|---|---|---|---|
| TIXT TSX | Y | Y | Y |
| IFC TSX | Y | Y | Y |
| ITP TSX | N | N | N |
