Greg Newman, Director and Portfolio Manager, Scotia Wealth Management

Focus: Canadian dividend stocks and protection strategies
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Market Outlook
Stocks may not be cheap, but they are far more compelling than bonds and real estate in many parts of the world. Buying well and getting paid to wait is more important than ever in a higher-valuation and slower-growth environment. Lower-for-longer interest rates remain the more likely scenario in spite of an eventual rate hike by the Fed at some point. Encouraging barometers such as recent guidance by FedEx, along with improving rail volumes, suggest some top line growth could be around the corner. Coupled with an improving U.S. labour picture and U.S. household spending, stocks are more likely to go higher as long as Hillary continues to lead in the polls.

Top Picks

Aecon Group (ARE.TO)
Aecon stands to benefit from elevated levels of infrastructure spending from all levels of government. Enjoy a decent well-covered dividend while this plays out.

Killam Apartment REIT (KMP_u.TO)
Killam has a higher growth profile than its peer average, yet trades at a compelling valuation. Enjoy the nice dividend while their portfolio continues to show momentum.

Quebecor (QBRb.TO)
Quebecor’s wireless business continues to show very promising growth. This combined with a decent valuation relative to its five-year average make it a compelling name.
 

Disclosure Personal Family Portfolio/Fund
ARE Y Y Y
KMP Y Y Y
QBRb Y Y Y


Past Picks: November 5, 2015

Norbord (NBD.TO)

  • Then: $26.96
  • Now: $32.89
  • Return: 21.99%
  • TR: 23.80%

Manulife (MFC.TO)

  • Then: $21.57
  • Now: $18.50
  • Return: -14.23%
  • TR: -10.79%

Hudson’s Bay Co. (HBC.TO)

  • Then: $22.54
  • Now: $17.22
  • Return: -23.60%
  • TR: -22.92%

Total Return Average: -3.34%
 

Disclosure Personal Family Portfolio/Fund
NBD Y Y Y
MFC Y Y Y
HBC Y Y Y


Website: www.newmangroup.ca