Greg Newman, senior wealth advisor and portfolio manager, Newman Group, ScotiaMcLeod
FOCUS: North American equities and dividend stocks
Top Picks: Power Corp, Brookfield Infrastructure, Keyera
MARKET OUTLOOK:
Markets are a weighing mechanism. On the positives you have U.S. President Donald Trump wanting to stay popular and mid-terms that he wants to win. You also have a U.S. Federal Reserve that at some point will likely begin to lower rates and anticipated tax cuts. On the negatives you have the headwinds of tariffs, the uncertainty of erratic policy changes and a loss of confidence in governance. Will Trump be able to thread this needle before a more dire economic outcome unfolds? The longer this endures, the more unlikely it becomes. As such we are a little cautious. But opportunities are forming and there are solid places to put money to work.
- Market-moving news, fast: Get the BNN Bloomberg App now
- Sign up for the Market Call Top Picks newsletter at bnnbloomberg.ca/subscribe
TOP PICKS:
Power Corp (POW TSX)
Offers investors a nice growth rate and dividend at a compelling price.
Brookfield Infrastructure (BIP-UN TSX)
Offers investors a nice growth rate and dividend at a reasonable price.
Keyera (KEY TSX)
Offers investors a nice growth rate and dividend at a fair price.
| DISCLOSURE | PERSONAL | FAMILY | PORTFOLIO/FUND |
|---|---|---|---|
| POW TSX | Y | Y | Y |
| BIP-UN TSX | Y | Y | Y |
| KEY TSX | Y | Y | Y |
PAST PICKS: May 15, 2024
Amazon (AMZN NASD)
- Then: US$185.99
- Now: US$186.36
- Return: 0.2%
- Total Return: 0.2%
Manulife (MFC TSX)
- Then: $35.55
- Now: $41.98
- Return: 18%
- Total Return: 23%
Intact Financial (IFC TSX)
- Then: $226.10
- Now: $298.72
- Return: 32%
- Total Return: 34%
Total Return Average: 19%
| DISCLOSURE | PERSONAL | FAMILY | PORTFOLIO/FUND |
|---|---|---|---|
| AMZN NASD | Y | Y | Y |
| MEG TSX | Y | Y | Y |
| IFC TSX | Y | Y | Y |
