Greg Newman, senior wealth advisor and portfolio manager, Newman Group, ScotiaMcLeod
FOCUS: North American stocks and protection strategies
Investors are trying to assess whether we are facing a cycle end or a cycle elongation (soft landing).
If it is the ladder, stocks are already likely in the buy zone.
If it is the former, stocks will likely need to come down more.
Either way, we plan to use this period (cycle end or a cycle pause) as the opportunity it has historically been.
Simply put, own more stocks on the way up than you owned on the way down.
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ARC Resources (ARX TSX)
Offers investors rapid growth at a very reasonable value.
Finning International (FTT TSX)
Offers investors nice growth at an attractive valuation.
Keyera (KEY TSX)
Offers investors nice free cash flow growth at a compelling valuation.
PAST PICKS: May 21, 2021
Dollarama (DOL TSX)
- Then: $53.38
- Now: $70.16
- Return: 31%
- Total Return: 32%
Magna International (MG TSX)
- Then: $117.47
- Now: $81.03
- Return: -31%
- Total Return: -29%
Caterpillar (CAT NYSE)
- Then: $237.24
- Now: $216.17
- Return: -9%
- Total Return: -7%
Total Return Average: -1%