Greg Newman, Senior Wealth Advisor & Portfolio Manager, Newman Group, ScotiaMcLeod
Focus: North American Equities, TransAlta
Topi Picks: Invesco QQQ Trust, TransAlta, AtkinsRéalis
MARKET OUTLOOK:
War, private credit and software fallout from AI are one set of headwinds that I believe will end up benign for investors.
But inflation is different. U.S. inflation was too hot before the conflict. Now spiking oil exacerbates the problem.
Rate expectations, earnings expectations and the multiple of many parts of the market are likely too optimistic.
But ultimately the bull market continues. We are positioning for the opportunity that is coming.
- 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:
Invesco QQQ Trust (QQQ NASD)
Offers investors nice growth at a reasonable price.
TransAlta (TA TSX)
Offers investors nice growth at a reasonable price.
AtkinsRéalis (ATRL TSX)
Offers investors nice growth at a reasonable price.
| DISCLOSURE | PERSONAL | FAMILY | PORTFOLIO/FUND |
|---|---|---|---|
| QQQ NASD | Y | Y | Y |
| TA TSX | Y | Y | Y |
| ATRL TSX | Y | Y | Y |
PAST PICKS: MARCH 28, 2025
Telus (T TSX)
Then: $20.44
Now: $18.08
Return: -12%
Total Return: -3%
AltaGas (ALA TSX)
Then: $38.99
Now: $48.12
Return: 23%
Total Return: 27%
Brookfield Infrastructure (BIP.UN TSX)
Then: $42.60
Now: $50.09
Return: 18%
Total Return: 23%
Total Return Average: 16%
| DISCLOSURE | PERSONAL | FAMILY | PORTFOLIO/FUND |
|---|---|---|---|
| T TSX | Y | Y | Y |
| ALA TSX | Y | Y | Y |
| BIP.UN TSX | Y | Y | Y |
