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
2016-12-09 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. Everybody was surprised that there was a Trump win, but there was also supposed to be gridlock. There is now an opportunity for 3.5%-4.5% of GDP growth at the end of the stagnation, and that is what the markets are really cheering here. Interest sensitive stocks are definitely vulnerable here. Thinks pipelines are maybe going to 18 or 19 times, and banks, etc. going more to 13 or 14 times. There are tons of opportunities both on the US and Canadian markets.


Price:
$0.020
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
OPTIMISTIC
Owned:
_N/A
2016-12-09 COMMENT Must be logged in to use chart AFN-T Ag Growth International Inc

Not for the faint of heart. It is very whippy, but is a good quality name. It may have gotten a little ahead of itself, so he wouldn’t be jumping in right now. Not sure if there are options on this, but he would be Selling Puts to gain entry at $53-$54.


Price:
$55.500
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
OPTIMISTIC
Owned:
Unknown
2016-12-09 COMMENT Must be logged in to use chart AGU-T Agrium

They are able to make pretty good money, even in this low fertilizer environment. Fertilizer prices are still in the doldrums. This whole sector has ignited, and they are all starting to take off. Long-term he likes this, but if you are short term, he would Sell a Call on this or trim back on your holdings.


Price:
$144.130
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
OPTIMISTIC
Owned:
Unknown
2016-12-09 COMMENT Must be logged in to use chart AP.UN-T Allied Properties REIT

Missed on Q3, so he reduced his guidance. Poorer lease-ups in Montréal and temporary vacancies in Vancouver and Edmonton. 2016 was definitely a step-back year. There has been a big pull-back in REITs, but this is still trading towards its five-year average, so it is not cheap. However, he sees a big return of growth next year which would give about 12% adjusted funds from operations growth smoothed out from 2016 to 2018. One of the best balance sheets out there, and a lower payout ratio. The kind of REIT that should hold up in a rising bond yield environment. He would Sell a Call on this, wait for it to come off a couple of bucks, and then Write a Put on it. Dividend yield of 4.3%.


Price:
$35.500
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
OPTIMISTIC
Owned:
Unknown
2016-12-09 BUY on WEAKNESS Must be logged in to use chart AQN-T Algonquin Power & Utilities Corp

A great company. They have great growth, modelling 15% EPS over the next couple of years. A lot of their assets are in the US. Empire is on track to close, which is accretive to them. Q3 was in line. This shouldn’t be too impacted by Trump policies. In a rising bond yield environment, maybe you shouldn’t pay 19X, maybe 17 or 18. You could sell some Puts to get it at a lower level. Dividend yield of 5.1%.


Price:
$11.160
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
OPTIMISTIC
Owned:
Unknown
2016-12-09 COMMENT Must be logged in to use chart BMO-T Bank of Montreal

Just reported and made $2.10 versus the consensus of $1.89. Bank operating leverage was up 2.7%. This has really been on fire, and he has not been modelling a lot of growth from this. Trading at a slight premium. There are better ones out there. All the banks are good. He would be Selling Calls on this.


Price:
$96.200
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
OPTIMISTIC
Owned:
Unknown
2016-12-09 TOP PICK Must be logged in to use chart BNS-T Bank of Nova Scotia

He likes banks, and wants the one with one of the best capital ratios and one of the best growth rates, and at one of the best valuations. Thinks there is more upside. Dividend yield of 3.86%. (Analysts’ price target is $78.67.)


Price:
$76.870
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
OPTIMISTIC
Owned:
Yes
2016-12-09 TOP PICK Must be logged in to use chart CARA-T Cara Operations Ltd.

2016 was definitely a step-back year. They had negative same store sales growth. There was weakness in Alberta. However, it is trading at a substantial discount now of 17X, versus its highly-franchised peers of around 25 X. He is modelling 17% EPS compounded annually over the next couple of years, from a combination of new store openings, innovations and digital marketing, as well as integrating their St Hubert acquisition. Dividend yield of 1.61%. (Analysts’ price target is $31.63.)


Price:
$25.580
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
OPTIMISTIC
Owned:
Yes
2016-12-09 BUY Must be logged in to use chart CM-T Canadian Imperial Bank of Commerce

Just had a really good number. EPS was up 10% year-over-year. Had great operating leverage, a very favourable credit quality. He likes the banks as a group, and doesn’t understand why they are trading at 12 when pipelines are trading at 20. They’re trying to make an acquisition, which they are going to have to pay a little more for, so that might hold the stock down a little. Trades at a discount because it is very Canadian focused, and he only models about 4.4% EPS over the next couple of years. Dividend yield of 4.4%.


Price:
$112.000
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
OPTIMISTIC
Owned:
Unknown
2016-12-09 COMMENT Must be logged in to use chart COW-T iShares Global Agriculture ETF

This is great. It has done very well for people. This may have gotten a little ahead of itself and he wouldn’t be jumping in right now.


Price:
$36.260
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
OPTIMISTIC
Owned:
Unknown
2016-12-09 PAST TOP PICK Must be logged in to use chart CP-T Canadian Pacific Rail

(A Top Pick March 31/16. Up 20.14%.) He felt that the growth scare we had last year would pass, and that this was very cheap. They had a lot of levers they could pull in terms of cost cutting and lowering their ORs. All of that is still true and this has further to go.


Price:
$205.680
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
OPTIMISTIC
Owned:
Yes
2016-12-09 BUY Must be logged in to use chart EMP.A-T Empire Company (A)

He doesn’t cover this closely. This is Sobey’s, which is going through some operational concerns. He is pretty confident in management and that they are going to get through that. You want to buy a good quality name when it has kind of fallen on itself. This is a good time to be picking away at this, particularly during the tax loss selling season.


Price:
$18.510
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
OPTIMISTIC
Owned:
Yes
2016-12-09 COMMENT Must be logged in to use chart ENB-T Enbridge

Their acquisition of Spectra gives them better growth visibility beyond 2018. He likes the deal. Sees the name growing 10% 2016-2018. If you are long-term and have big capital gains, stick with it. You might consider Selling a Call, in order to buy it cheaper. Doesn’t think it is the hottest stock right now. Dividend yield of 3.8%.


Price:
$55.390
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
OPTIMISTIC
Owned:
Unknown
2016-12-09 HOLD Must be logged in to use chart FTS-T Fortis Inc.

A great name. It has very visible growth at 8% between now and 2018. Has big US exposure. There is an LNG project which is probably going to go ahead in Squamish BC, that they are going to benefit from. Nice dividend. 56% payout ratio. Trading below its five-year average, pretty cheap relative to its peers at around 18 times. However, this is a yield proxy, and rising bond yields are going to hurt it a little. However, it is trading low enough and its growth is good enough that you could just hold onto this and look to accumulate on weakness.


Price:
$40.440
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
OPTIMISTIC
Owned:
Unknown
2016-12-09 BUY Must be logged in to use chart GIB.A-T CGI Group (A)

Not cheap, trading ahead of its 5-year average. Also, doesn’t have a dividend, but has a lot of growth. They are transitioning maturing contracts to higher end solutions. Growing from their IP 30 digital solutions and from new outsourcing contracts i.e. the city of Edinburgh. Q3 was largely in line. A very rich backlog. Margins are strong. Strong free cash flow. He sees growth at about 8% EPS over the next couple of years. A pretty fragmented space, so there is a lot of upside from acquisitions.


Price:
$61.990
Subject:
CANADIAN DIVIDEND & DEFENSIVE STRATEGIES
Bias:
OPTIMISTIC
Owned:
Unknown
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