Top PickSecond stock in the clip. GLTA
https://www.bnnbloomberg.ca/video/greg-newman-s-top-picks~2207264
Magna International (MG TSX)
Magna International offers investors upside to the economic re-opening at a compelling price for its rate of growth.
TOP PICK
Magna Int'l. (A)
(MG-T)
May 21, 2021
Remains a great re-opening play. Buying back 1.7M shares. The name is trading at 10.5x 2022, but growing at 17%. Very well positioned for electrification adn self driving car. People underestimate the opportunity. Will still go up higher and adding to his position. (Analysts’ price target is $130.54)
AUTOMOTIVE
Greg Newman
Price
$117.470
Owned
Yes