Greg Newman's Top Picks: February 14, 2022
BNN Bloomberg
Top picks from Greg Newman, vice president, senior wealth advisor and portfolio manager at Scotia Wealth Management
MARKET OUTLOOK:
Rates are rising and the drum beats of war may be unfortunately sounding. Companies will need stronger EPS growth and more durable and sustainable margins to attract investors. The good news is that many corporations have termed out their debt obligations and have strong balance sheets. Stock buy backs will be supportive, as will a lot of cash on the sidelines.
Dividends, value, financials, industrials, metals and energy continue to be in the sweet spot. That said, many attractive names on the growth and technology side have already surfaced.
As long as a war does not get out of hand, the ground still remains somewhat fertile for investors.
TOP PICKS:
Chartwell Retirement Residences (CSH.UN TSX) Offers investors a generous yield with nice growth at a reasonable price
