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

Viewing Expert

Greg Newman , Dir. & Assoc. Portfolio Management

Scotia Wealth Management


Date Signal Chart Symbol Company Opinion Price
2016-09-23 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. Valuations are really high, and it is really hard to be buying. Trump closing in on Hillary is not good. However, stocks are far cheaper than bonds and many asset classes. Thinks we are in a situation where 2 things are happening. We can still have multiple expansion because we are in this low interest rate environment for a very long period of time. Also, we are hearing better news and seeing good barometers, such as FedEx as a bellwether, as well as better volumes on rails. That could be supporting some top line expansion, which we really haven’t seen for the last couple of years. You have to be very careful and selective in what you buy. Stocks are still a good deal if you buy them at the right time. Feels the market still has an upward bias if Hillary still leads in the polls. Of the 2, Trump would probably be in favour of stimulus spending, but both of them will do a lot of that. That is what is needed to get us out of this very low interest rate environment, which will take many, many years.


Price:
$0.020
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
UNKNOWN
Owned:
_N/A
2016-09-23 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

A vehicle for holding cash while waiting for an opportunity? He would recommend a high interest savings account or a Money market account.


Price:
$0.020
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
UNKNOWN
Owned:
Unknown
2016-09-23 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Oil sands pipelines. Native communities just made a strong showing as opposing this. Ultimately that stuff matters, but is not sure that this is going to be the thing that moves the needle. He is of the view that what will drive these will ultimately be the price of the commodity.


Price:
$0.020
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
UNKNOWN
Owned:
Unknown
2016-09-23 TOP PICK Must be logged in to use chart ARE-T Aecon Group Inc

A beneficiary of very rich infrastructure spending at all government levels. Very strong backlog in their energy segment, where a lot of people are staying away because it is a big component of their business. They have nuclear opportunities such as the Darlington win last year. There are a lot of additional opportunities from Candu sites. Has a decent dividend with a very low payout ratio. He models 22% cash flow per share growth each and every year for the next couple of years. This is cheap, relative to its 5-year average. Dividend yield of 2.56%.


Price:
$17.980
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
UNKNOWN
Owned:
Yes
2016-09-23 BUY Must be logged in to use chart BIP.UN-T Brookfield Infrastucture Partners

Payout ratio is around 60%-70%. They want to raise their distributions 11%-13% annually. Just upped the dividend by 3.5%. He is modelling that they can grow their AFFO 18% compounded annually. The only bad thing is that you have to pay up for this. Right now it is trading at around 14X 2016 earnings versus a 5-year average of around 13.8.


Price:
$45.520
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
UNKNOWN
Owned:
Unknown
2016-09-23 COMMENT Must be logged in to use chart CCO-T Cameco Corporation

This has been a house of pain for so very long. Their Cigar lake operation is now operating in very good stead. Unfortunately, the price of uranium is killing them. Doesn’t think that that will prevail forever. A good, long term, blue-chip name you want to accumulate when it is completely out of favour, which is right now. You can sell Puts and oblige yourself to own it at $10 between now and December and maybe make $1. Eventually this will be worth a lot more.


Price:
$11.630
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
UNKNOWN
Owned:
Unknown
2016-09-23 COMMENT Must be logged in to use chart CHE.UN-T Chemtrade Logisitics Inc.

(Market Call Minute.) A good little company that is paying a good sustainable dividend. You are getting about a 6% distribution which is nice. Not a lot of catalysts for growth right now. They are talking about maybe buying Canexus (CUS-T). You buy it while there is not a lot of growth because that catalyst is going to come at some point.


Price:
$18.190
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
UNKNOWN
Owned:
Unknown
2016-09-23 COMMENT Must be logged in to use chart CIX-T CI Financial Corp

Have had some weak mandates over the last 12-18 months, and some sizable institutional outflows. There are a lot of mutual fund headwinds, but thinks these are more than captured in the valuations. Trading around 13X versus its 18X five-year average. His analysts model 80% growth in 2017 over 2016. There is $1 billion of institutional commitment that could come on over the next two quarters. They have a buy back which helps them. Good 5.5% very well covered dividend yield. Cheap enough that you could write a Put and get paid premiums. This is good here for a nice little trade.


Price:
$25.320
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
UNKNOWN
Owned:
Unknown
2016-09-23 BUY on WEAKNESS Must be logged in to use chart CP-T Canadian Pacific Rail

The rails have probably bottomed here. We are seeing the top line growth falling, starting to come back. The story on this is that they have been cheaper than Canadian National (CNR-T) and probably have more cost cutting tools than their peers. He would buy this on a bit of a pullback.


Price:
$192.960
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
UNKNOWN
Owned:
Yes
2016-09-23 COMMENT Must be logged in to use chart CPG-T Crescent Point Energy Corp

He doesn’t know if oil is going to recover right away, but if it does it will be really good for this company. They just came to market with another big deal recently and it could be argued that they raised their share count by almost 7%. When looking at the metrics, he sees cash flow per share is set to fall from 2015 to 2017 by 5% per year, which is not uncommon in the oil patch. Right now the stock is very cheap and the deal they just did falls to their balance sheet which gives them time to wait out lower oil for longer, or gives them a better war chest to be opportunistic and make acquisitions. The key to all these companies is the balance sheet. If you like oil, at this level you can buy this. The dividend is sustainable even at $45 oil.


Price:
$16.810
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
UNKNOWN
Owned:
Unknown
2016-09-23 COMMENT Must be logged in to use chart DFN-T Dividend 15 Split Corp.

If he has a right product, this is one where they split it off and preferreds go one way and the equity holders get more of a leveraged play on the dividend basket. If the mechanics are set up properly, this can be really rewarding for people that have a view that dividend stocks can go higher, which is his view. He is not sure he would use this for his clients, as they really enjoy getting their dividends.


Price:
$10.690
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
UNKNOWN
Owned:
Unknown
2016-09-23 BUY Must be logged in to use chart EIF-T Exchange Income

(Market Call Minute.) This has done all the right things and pays a good dividend. It has a lot more upside. They are finding deals harder to come by. Growth by acquisition, but they are showing discipline.


Price:
$35.330
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
UNKNOWN
Owned:
Unknown
2016-09-23 BUY on WEAKNESS Must be logged in to use chart ENB-T Enbridge

There have just been some construction halts on the Dakota pipeline. Thinks it is going to get built, but the risks have gone up. They just did a major deal, which in the near term is dilutive, so he just lowered his 2017-2018 by about 2%. He models 10% EPS growth for the next couple of years. Now that they have just combined with Spectra, they have better growth beyond that. This also helps their balance sheet and addresses funding needs. This is expensive like all yield names, trading at 24X versus its 5-year average of around 26X. It is still cheaper relative to where it has been. This is one you want to continue to Hold, or buy on a pullback.


Price:
$57.550
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
UNKNOWN
Owned:
Unknown
2016-09-23 COMMENT Must be logged in to use chart ENF-T Enbridge Income Fund Holdings

What was bad that in Q2 they stumbled a little from all the fires, but they are recovering. He sees real nice growth here, and is modelling 10% growth being brought down from the parent, each and every year over the next couple of years. The nice thing is that it is really cheap relative to its peers. Trading at around 13.1X  2017 estimates versus others at around 21 or 22. This is a good one.


Price:
$33.430
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
UNKNOWN
Owned:
Unknown
2016-09-23 BUY on WEAKNESS Must be logged in to use chart FDX-N FedEx

An iconic global brand that is very levered to the new economy which is very important. This is one you can own that is really levered to online buying, which is where the volume is very much going. On any pullback or dip, you could add to this name.


Price:
$174.390
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
UNKNOWN
Owned:
Unknown
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