Greg Newman, senior wealth advisor and portfolio manager, Newman Group, ScotiaMcLeod
FOCUS: North American equities and dividend stocks
Top Picks: Propel Holdings, Kyndryl Holdings, Citigroup
MARKET OUTLOOK:
The U.S. Feder Reserve just changed its outlook for rate cuts next year – and the markets have taken notice. But how will the combination of higher tariffs, lower taxes and lower immigration ultimately play out? What will this mean for equities in 2025? Can these Donald Trump policies grow the U.S. out of its debt problem?
While there are risks there are also opportunities. Dividend stocks, AI beneficiaries and names that are attractive on a price to growth basis screen well. As usual investors would be wise by having an asset allocation, diversification and trying to buy securities that are cheaper than they ought to be.
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TOP PICKS:
Propel Holdings (PRL TSX)
PRL offers investors high growth while trading at a low multiple.
Kyndryl Holdings (KD NYSE)
KD of investors high growth while trading at a reasonable multiple.
Citigroup (C NYSE)
C offers investors high growth while trading at a low multiple.
| DISCLOSURE | PERSONAL | FAMILY | PORTFOLIO/FUND |
|---|---|---|---|
| PRL TSX | Y | Y | Y |
| KD NYSE | Y | Y | Y |
| C NYSE | Y | Y | Y |
PAST PICKS: December 8, 2023
Brookfield Infrastructure Partners (BIP.UN TSX)
- Then: $38.28
- Now: $44.17
- Return: 15%
- Total Return: 21%
Rogers Communications (RCI.B TSX)
- Then: $61.75
- Now: $43.91
- Return: -29%
- Total Return: -26%
Meta (META NASD)
- Then: US$332.75
- Now: US$604.75
- Return: 82%
- Total Return: 82%
Total Return Average: 26%
| DISCLOSURE | PERSONAL | FAMILY | PORTFOLIO/FUND |
|---|---|---|---|
| BIP.UN TSX | Y | Y | Y |
| RCI.B TSX | Y | Y | Y |
| META NASD | Y | Y | Y |