Greg Newman, senior wealth advisor and portfolio manager, Newman Group, ScotiaMcLeod

FOCUS: North American stocks and wealth protection strategies

MARKET OUTLOOK:

The bears believe that the regional banking crisis, inverted yield curve, sticky inflation and an anemic Chinese recovery means that the economy is on the precipice of a recession. Yet, analyst earning expectations and a healthy job market suggest otherwise. There are many good places to put money to work in equities, but bonds and cash also pay very well. Markets are ambiguous at the best of times, but given this degree of uncertainty, a healthy amount of both offence and defence is prudent. Stay on or near your asset allocation.

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TOP PICKS:

Brookfield Infrastructure Partners (BIP.UN TSX)

Brookfield Infrastructure Partners offers investors a nice growth profile at a fair value and a solid dividend.

Sun Life Financial (SLF TSX)

Sun Life Financial offers investors a nice growth profile at a fair value with a solid dividend.

Amazon.com (AMZN NASD)

Amazon.com offers investors an exciting growth profile at a reasonable value for its level of growth.

PAST PICKS: April 29, 2022

Bank of America (BAC NYSE)

• Then: US$35.68
• Now: US$28.31
• Return:-21 %
• Total Return: -19%

Walt Disney (DIS NYSE)

• Then: US$111.63
• Now: US$88.29
• Return: -21%
• Total Return: -21%

PayPal (PYPL NASD)

• Then: US$87.93
• Now: US$60.22
• Return: -32%
• Total Return: -32%

Total Return Average:-24 %