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
2016-10-21 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. Stocks may not be cheap, but they look better than other investments out there. The TSX is trading at around 19X and the S&P is at around 18X. Not cheap, but cheaper than bonds. We are still in an environment where you can still have multiple expansion, but what is going to happen is that earnings are starting to come back. They are getting better in the S&P, and will probably get a lot better in 2017. Energy alone could take your earnings from about 120 to about 132 next year in 2017. Markets are expensive, but with higher earnings you are going to have a cheaper market. Thinks interest rates are only going to go up once, expects Hillary to get in, Republicans are probably going to get the House although they might not get the Senate, and markets like gridlock.


Price:
$0.020
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
_N/A
2016-10-21 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

For safer dividends, Telco or Banks? Banks. Their payout ratio is about 48% and trading at above their 5-year average. Telecoms are much higher than that and are basically bond proxies.


Price:
$0.020
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2016-10-21 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Oil or pipeline stocks? Pipeline stocks are enablers and are a lot safer. They are going to earn money over the next couple of years, almost regardless of where the price of oil is. A lot have guaranteed contracts. Oil companies are different, but he thinks we are in an exciting place for the Canadian oil patch. The stocks are still expensive on $50 oil, but at $54 oil (his price) the valuations are getting pretty good. On pullbacks, lower than these levels, you can start adding to your oil positions.


Price:
$0.020
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2016-10-21 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Split shares? These can work well. It depends on the mechanism they are using. In some cases, they take the capital of the bank, and do a 2 for 1, and take the dividends and give them more to the preferred shareholders. If it is done in a corporate finance way, the fees are not too bad. If you get the direction you are looking for, they can work very well. The problem is, if you got a double on the common without the dividend, and the bank stocks don’t go up quickly, then you can amplify your losses.


Price:
$0.020
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2016-10-21 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Short-term bond ETF? You could look at iShares DEX Short-Term Bond ETF (XSB-T) or iShares 1-5 year Ladder Corporate Bond ETF (CBO-T). These are great instruments for asset allocation and there is a lot of liquidity there.


Price:
$0.020
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2016-10-21 WAIT Must be logged in to use chart AGU-T Agrium

If this merges with Potash (POT-T), they say there will be considerable synergies. One of the real benefits with this company is it has the retail franchise, so hasn’t been exposed to depressed fertilizer prices. If they partner with Potash they are going to start to experience that. The short-term outlook for the combined entity is probably negative.


Price:
$121.210
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Yes
2016-10-21 PAST TOP PICK Must be logged in to use chart AQN-T Algonquin Power & Utilities Corp

(A Top Pick Jan 21/16. Up 12.07%.) At the time this was trading below its five-year average and below its peers. He chose it for its US exposure and its solid dividend. He saw good growth in EPS, and still sees that for the next couple of years. There is still much left to go. Trading at 23X 2016 earnings, but trading at 18X 2017. Dividend yield of 4.8%.


Price:
$11.730
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Yes
2016-10-21 TOP PICK Must be logged in to use chart AQN-T Algonquin Power & Utilities Corp

He sees pretty visible EPS growth of 18% this year and next from new projects and higher rate cases. Sees 8% annual dividend growth over the next couple of years. Their balance sheet is improving. It looks like the Empire deal is going to close sooner and it has a very strong US$ tailwind. Not expensive on a 2017 basis, and not expensive relative to its peers. Dividend yield of 4.77%.


Price:
$11.730
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Yes
2016-10-21 PAST TOP PICK Must be logged in to use chart BAM.A-T Brookfield Asset Management (A)

(A Top Pick Jan 21/16. Up 22.23%.) This had been trading below its five-year average, and he had modelled a high growth rate. He still models it growing at 24% each year over the next couple of years, on a strong institutional aspect for real assets, as an alternative to bonds. It is not cheap relative to its 5 year, and he would wait for a pullback before buying.


Price:
$47.640
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Yes
2016-10-21 COMMENT Must be logged in to use chart CPG-T Crescent Point Energy Corp

If oil stays over $50, would they increase the dividend? He is modelling $54 oil next year, and this is becoming a really exciting company again. Priced a lot better than its peers. One of the few companies that have had steady production growth over the last 5 years. If you believe oil is going to be above $50, you can own this here. He doesn’t know if they will need to increase their dividend to attract capital.


Price:
$17.470
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2016-10-21 COMMENT Must be logged in to use chart CUS-T Canexus Corp

Trying to be taken over by Chemtrade (CHE.UN-T), and has had all sorts of problems. It will survive if it has to go alone.


Price:
$1.530
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2016-10-21 BUY Must be logged in to use chart DH-T DH Corporation

Last quarter, their US lending wall which improved from Q1 was still sluggish. Their FinTech segment last quarter was up about 7% year-over-year, but still kind of soft. Also, had pretty squeamish guidance about it, due to delayed spending on BREXIT concerns. As a result, he models pretty flat growth over the next 6 months or so. What is good is that their longer-term thesis is still very much intact. They have done some cost cutting which has helped. Trades at a real discount to its FinTech peers. There could be a catalyst this quarter in terms of a return of growth in their US segment LaserPro. He likes names that have a real FX tailwind, and 60% of their earnings come from the US. Dividend yield of over 4%.


Price:
$29.050
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2016-10-21 DON'T BUY Must be logged in to use chart ECI-T EnerCare Inc

Great company and a great chart. He has been modelling a 9% EBITDA growth over the next couple of years and that their debt levels come down from 3.1 to about 2.9 by the end of 2018. Some of the businesses they are getting into are pretty capital intensive, which is a bit of a problem. All in, it is a great company, but pretty expensive.


Price:
$19.500
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2016-10-21 COMMENT Must be logged in to use chart FTS-T Fortis Inc.

Now listed on the NYS Exchange, which adds more liquidity. 60% of their earnings going forward are coming from the US. This gives you amplification to the low Cdn$. The stock is trading in line with its five-year average, but is cheaper than its peers. He sees it growing at about 9% over the next couple of years, and then raising their dividend 6% each and every year to 2021.


Price:
$42.770
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
2016-10-21 BUY on WEAKNESS Must be logged in to use chart GEI-T Gibson Energy

Energy infrastructure names that are commodity sensitive have really outperformed over the last quarter. Management says their services businesses should turn up next year. They are also growing their infrastructure businesses with 2 new storage tank projects. He sees them growing their cash flow 2018 over 2016. The bad news is that they are making absolutely no money this year in terms of EPS, and their dividend is at about 126% payout ratio on cash flow. You could buy this at around $16 and you would do okay. 7.3% dividend yield.


Price:
$18.160
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
BULLISH
Owned:
Unknown
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