Viewing Expert Greg Newman | StockChase
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Compiling comments that experts make about stocks while on public TV.

Viewing Expert

Greg Newman , Director & Portfolio Manager

Scotia Wealth Management


Date Signal Chart Symbol Company Opinion Price
2017-07-28 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Economy. Numbers blew past expectations today, which says that the Cdn$ possibly has a little more firepower, which is probably catching a lot of people offside. The economies are recovering in the US, Canada and globally. At the same time, you have a growing forest of very skilled investors who are afraid of where markets are at. Valuation relative to strength index has sort of gone up the board. People are really calling for some protection in Puts or gold, and he thinks they are wrong. The market is still a very good deal relative to most other investments.


Price:
$0.020
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
_N/A
2017-07-28 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Cdn$? Thinks the US$ got too strong against all currencies. If you look at Canada’s growth rate today, versus the US GDP growth, we are still outperforming. People are still not positioned properly for the fact that the currency is going to drive a little bit higher. He feels we are going to be at $.84 in a year’s time.


Price:
$0.020
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
_N/A
2017-07-28 TOP PICK Must be logged in to use chart AGU-T Agrium

There is a merger on the horizon with Potash (POT-T) which he likes. The merged company should trade at $57. If we go into a more normal commodity environment for potash and nitrogen, this stock should be around $57. Dividend yield of 3.6%. (Analysts’ price target of $99.50.)


Price:
$124.130
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Yes
2017-07-28 COMMENT Must be logged in to use chart ALA-T Altagas Ltd

Switch this out for Enbridge (ENB-T)? This just did a US acquisition that is accretive, which is probably going to hurt as the Cdn$ goes higher. This is more commodity focused and the recovery is taking longer to take hold. This company could be a good, but he is pretty excited about Enbridge, which trades at a lower valuation and has very visible EPS growth of about 11%. It could be a good idea in a neutral tax situation.


Price:
$28.710
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2017-07-28 COMMENT Must be logged in to use chart BAM.A-T Brookfield Asset Management (A)

This has done great and he is still modelling 10% compounded annual growth rate over the next couple of years. Not cheap, but still trading below its five-year average. Two things can really move the needle. If you are concerned that yields are going to be going up a little, this is a bit of a yield play. Also, they are priced off their US counterpart, and when the US$ starts to shrink, the Cdn$ starts to fade a little, which he thinks is what has happened. They have a lot of global operations, which will be a tailwind for them.


Price:
$48.130
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2017-07-28 COMMENT Must be logged in to use chart CNQ-T Canadian Natural Rsrcs

He is modelling a 69% 2017 estimated payout ratio at $53 WTI, which is probably approaching 80% right now. This company has outstanding growth. They just did an acquisition. He is modelling 20% production growth and 40% cash flow per share growth over the next couple of years. The acquisition is very accretive, but for it to work you need oil prices to cooperate. You need to have $50+ oil. He would be looking for oil companies with balance sheets closer to 1X EV to cash flow.


Price:
$38.490
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2017-07-28 COMMENT Must be logged in to use chart CSX-Q CSX Corp

(Market Call Minute.) All the rails have gotten way too cheap. You could probably be buying them all, but his favourite is Canadian National (CNR-T) followed by Canadian Pacific (CP-T).


Price:
$49.990
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2017-07-28 COMMENT Must be logged in to use chart CUF.UN-T Cominar Real Estate Inv Tr

(Market Call Minute.) This is not for the faint of heart. It is very, very cheap. They had negative AFFO growth in the last quarter. Their occupancy isn’t bad. They are probably going to cut their distribution by 25%. If they do, the stock will probably rally on that. This is one you could be poking around with at these levels.


Price:
$13.080
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2017-07-28 COMMENT Must be logged in to use chart DFN-T Dividend 15 Split Corp.

This really depends on the underlying basket. They come to the market and usually strip out the common shares versus preferred shares. They take the capital from the preferreds, concentrate it and lever it up on the underlying common stock. As a result, you have a much bigger dividend, but you need to have the stocks working for you. If they don’t, you can get twice the risk, and there is usually an expiry of 5-10 years and you can be in a situation of a capital loss.


Price:
$11.150
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2017-07-28 BUY Must be logged in to use chart ECI-T EnerCare Inc

(Market Call Minute.) This is doing everything right. They just developed a whole new suite of products which de-risks companies for different cycles and different times of year. Has 20% EPS.


Price:
$20.880
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2017-07-28 PAST TOP PICK Must be logged in to use chart ENF-T Enbridge Income Fund Holdings

(A Top Pick July 28/16. Up 5.42%.) He bought this because it had a nice generous yield that was sustainable. It had very compelling growth as well as a compelling valuation relative to its peers. Trading at a 14 multiple. The only thing that can hurt you here are possible pipeline delays. Still likes.


Price:
$31.700
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Yes
2017-07-28 COMMENT Must be logged in to use chart HNU-T HBP NYMEX Nat'l Gas Bull+

Continue to Short this? Natural gas prices are probably coming down over the next couple of years. If this is a levered play, you want to be very, very careful. The way they do these things is that they roll them on a futures contract, and then have to keep buying the expiry. If you want to play natural gas, be very careful of the underlying structure that you are looking at.


Price:
$6.050
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2017-07-28 COMMENT Must be logged in to use chart HR.UN-T H&R Real Estate Inv Trust

Trading around 13.5X in 2017, versus the universe at around 16X. This is quality and has a decent growth rate of around 3.5%. It has a pretty good balance sheet. 85% payout ratio. At these levels you could write a Put, oblige yourself to own it at $21 and get paid $1. You probably won’t get Put in, but if you did, you would be owning an asset at a really good level that is paying a 6%+ sustainable dividend. A good name to be picking up.


Price:
$21.150
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2017-07-28 COMMENT Must be logged in to use chart HSE-T Husky Energy

They missed a little. $.71 versus what the market was calling for of $.73. Production was in line. Thinks the market was concerned when they didn’t reinstate their dividend. Feels management wants to wait until things are more stable. The balance sheet is really ironclad, and it is trading at a really good valuation versus its integrated peers. They have 4 quarters in a row of real positive cash flow. He sees the dividend coming in Q4. A great name to be owning if you think that oil has stabilized. This is one you could probably sell Puts on.


Price:
$14.580
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2017-07-28 BUY Must be logged in to use chart IPL-T Inter Pipeline

This has a 73% payout ratio. This is actually getting a little bit cheap. You are getting into a level that is pretty interesting. They don’t have a lot of growth over the next little while, but they have a nice payout ratio and a good distribution, along with growth longer-term.


Price:
$24.550
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
Showing 1 to 15 of 1,008 entries
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