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3 top stock picks from Macquarie's Mike Newton

Mike Newton is associate director and portfolio manager of Macquarie Private Wealth. His focus is on North American equities and ETFs

Top Picks:

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Starbucks' increasing push into fast-growing overseas markets should provide catalysts for upward earnings, as does continued product innovation in the domestic market. Despite a wobbly economy, Starbucks has managed to maintain high price points without a decrease in demand.

Canadian Natural Resources

We have a positive outlook for oil driven by emerging market growth and strong global diesel demand. Names with near-term growth, free cash flow, and the potential for increased dividends on crude strength are favoured and CNQ in one such name.

Past Picks: Jan. 31, 2011

Barrick Gold

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Then: $47.47

Now: $49.62

Total return: +5.61%

Pengrowth Energy

Then: $12.62

Now: $9.99

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Total return: -14.81%

Halliburton Company

Then: $45.00

Now: $37.03

Total return: -17.03%

Total Return Average: -8.74%


Global markets have basically been in a straight line up since the calendar changed. Last year any optimism on the individual stock side was being overshadowed by issues with extreme correlation to macro events, but now I am seeing this correlation decline. Officially our firm is expecting a great first half, but that is all we are prepared to lend ourselves to with this bullish stance. Investors must not get complacent about the next downturn. If the market continues higher in the near term and we don't see a pullback, simply move your stop limits up and let shares run. Lastly, investors should keep an eye on China and pay special attention to its role as the relentless engine of global growth.

See the full video interview with Mr. Newton by clicking here

Compiled by Franklin Cameron, BNN Market Call Tonight


Also see:

3 top stock picks from portfolio manager David Baskin

3 top bond picks from Odlum Brown's Hank Cunningham

3 top stock picks from technical analyst Bill Carrigan

3 top stock picks from Macquarie's Stan Wong

3 top stock picks from GlobeInvest's Peter Brieger

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