Opinions by Rick Stuchberry | StockChase
1098
Rick Stuchberry

Portfolio Manager

ON STOCKCHASE SINCE Nov 2008

Richardson GMP

1098
Rick Stuchberry

Portfolio Manager

ON STOCKCHASE SINCE Nov 2008

Richardson GMP


Opinions by Rick Stuchberry


Signal Opinion Expert Chart
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General Market Comment 

October 23, 2017

Market.  It is interesting times we are in.  Investors may be missing the big news out of Asia.  The media is focused on Washington.  There have been important things longer term out of Asia.  The PM in Japan was reelected and is now the longest serving PM in decades.  He will get their economy back on its feet.  The Chinese communist parties had their semi decade get together and laid out their next 50 years’ plans.  It affects people worldwide.  They are growing at 6.8% when everyone said they were done two years ago.  It is important to look at what is going on in the number 2 economy in the world.  China needs to cut commodity production due to pollution generation.

Market.  It is interesting times we are in.  Investors may be missing the big news out of Asia.  The media is focused on Washington.  There have been important things longer term out of Asia.  The PM in Japan was reelected and is now the longest serving PM in decades.  He will get their economy back on its feet.  The Chinese communist parties had their semi decade get together and laid out their next 50 years’ plans.  It affects people worldwide.  They are growing at 6.8% when everyone said they were done two years ago.  It is important to look at what is going on in the number 2 economy in the world.  China needs to cut commodity production due to pollution generation.

Unknown
Rick Stuchberry

Portfolio Manager, Richardson GMP...

PricePrice
$0.020
Owned Owned
_N/A

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DON'T BUY
Air Canada(AC-T) 

October 23, 2017

The Q3 earnings call is this Wednesday.  He suspects the results will be good.  The only caveat is that we are supposed to get another discount airline in next year and this might have an impact on margins.  He would not chase the stock and he does not own any airlines.

Transportation

The Q3 earnings call is this Wednesday.  He suspects the results will be good.  The only caveat is that we are supposed to get another discount airline in next year and this might have an impact on margins.  He would not chase the stock and he does not own any airlines.

Transportation
Rick Stuchberry

Portfolio Manager, Richardson GMP...

PricePrice
$26.340
Owned Owned
No

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WAIT
Altagas Ltd(ALA-T) 

October 23, 2017

He sold around $40.  They acquired some things in the last few years.  They are still in transition, sorting out what they will keep.  The yield is safe.  He is waiting for their yield plus growth to reach 10%.

oil/gas

He sold around $40.  They acquired some things in the last few years.  They are still in transition, sorting out what they will keep.  The yield is safe.  He is waiting for their yield plus growth to reach 10%.

oil/gas
Rick Stuchberry

Portfolio Manager, Richardson GMP...

PricePrice
$29.350
Owned Owned
No

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BUY on WEAKNESS
Amazon.com(AMZN-Q) 

October 23, 2017

Everyone is afraid of them.  Reinvested capital back into the business is starting to show rewards.  He would buy it on dips.  You do not need to chase these stocks.  After thanksgiving we will have the cyclicality of money flows into the market.  Any correction prior to that could be in the 5% range and then we might be set up for something more substantial. 

specialty stores

Everyone is afraid of them.  Reinvested capital back into the business is starting to show rewards.  He would buy it on dips.  You do not need to chase these stocks.  After thanksgiving we will have the cyclicality of money flows into the market.  Any correction prior to that could be in the 5% range and then we might be set up for something more substantial. 

specialty stores
Rick Stuchberry

Portfolio Manager, Richardson GMP...

PricePrice
$966.300
Owned Owned
Yes

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BUY on WEAKNESS

It is one of his core holdings.  He trimmed a little because it was up so much but he likes it.  This is going to be a huge company and could be the biggest in the world in a few years.  This thing has tremendous momentum.  The risk is political risk in China.

It is one of his core holdings.  He trimmed a little because it was up so much but he likes it.  This is going to be a huge company and could be the biggest in the world in a few years.  This thing has tremendous momentum.  The risk is political risk in China.

0
Rick Stuchberry

Portfolio Manager, Richardson GMP...

PricePrice
$173.130
Owned Owned
Yes

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WEAK BUY

It is a well managed group of companies but he is not in this sector.  He would look for 10% total return to go into the sector.  This one is very well managed and he does not have anything against the companies but is not participating in the sector.

INDUSTRIAL PRODUCTS

It is a well managed group of companies but he is not in this sector.  He would look for 10% total return to go into the sector.  This one is very well managed and he does not have anything against the companies but is not participating in the sector.

INDUSTRIAL PRODUCTS
Rick Stuchberry

Portfolio Manager, Richardson GMP...

PricePrice
$54.660
Owned Owned
No

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BUY
Canfor Corp(CFP-T) 

October 23, 2017

It is doing well despite the problems around NAFTA and WTO.  The millennials are getting into the housing market and that is a long trend, which this company benefits from.  The US will need the lumber for all the houses needed.  He is positive on forest products stocks.

west coast forestry

It is doing well despite the problems around NAFTA and WTO.  The millennials are getting into the housing market and that is a long trend, which this company benefits from.  The US will need the lumber for all the houses needed.  He is positive on forest products stocks.

west coast forestry
Rick Stuchberry

Portfolio Manager, Richardson GMP...

PricePrice
$25.650
Owned Owned
Unknown

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BUY
Deutsche Bank AG(DB-N) 

October 23, 2017

Merkel won the election, which was holding things back.  He thinks the other European banks will go the same way.  They will raise rates and reduce regulation, which are good for banks.  This is a core bank in Europe that is ready to go.

banks

Merkel won the election, which was holding things back.  He thinks the other European banks will go the same way.  They will raise rates and reduce regulation, which are good for banks.  This is a core bank in Europe that is ready to go.

banks
Rick Stuchberry

Portfolio Manager, Richardson GMP...

PricePrice
$16.630
Owned Owned
Yes

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DON'T BUY
Enbridge(ENB-T) 

October 23, 2017

It is one of the quality companies.  The risk is that rates start rising and there is a fair amount of debt on the books.  They are professional managers and can handle that kind of debt increase.  The issue for them is that in this country we have an anti-pipe attitude.  He is worried about the growth on this one.  It is well managed although there will be some headwinds on rate rises.  He is not in the sector because he does not know where the growth comes from.

oil/gas pipelines

It is one of the quality companies.  The risk is that rates start rising and there is a fair amount of debt on the books.  They are professional managers and can handle that kind of debt increase.  The issue for them is that in this country we have an anti-pipe attitude.  He is worried about the growth on this one.  It is well managed although there will be some headwinds on rate rises.  He is not in the sector because he does not know where the growth comes from.

oil/gas pipelines
Rick Stuchberry

Portfolio Manager, Richardson GMP...

PricePrice
$49.380
Owned Owned
No

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BUY

It is one of the pipes.  This is one with a higher payout.  He does not have any problem but just does not own the pipes.  It is okay to own it if the dividend is covered.

oil/gas

It is one of the pipes.  This is one with a higher payout.  He does not have any problem but just does not own the pipes.  It is okay to own it if the dividend is covered.

oil/gas
Rick Stuchberry

Portfolio Manager, Richardson GMP...

PricePrice
$30.170
Owned Owned
Unknown

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HOLD
Fortis Inc.(FTS-T) 

October 23, 2017

A lot of people are in this stock because of the great yield.  It has been a consistent performer.  If you are there for yield then you can hold it.  If it sold off a bit and you bought it cheaper, and could get double digit returns, then he would have no qualms about it.

electrical utilities

A lot of people are in this stock because of the great yield.  It has been a consistent performer.  If you are there for yield then you can hold it.  If it sold off a bit and you bought it cheaper, and could get double digit returns, then he would have no qualms about it.

electrical utilities
Rick Stuchberry

Portfolio Manager, Richardson GMP...

PricePrice
$46.780
Owned Owned
Unknown

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WATCH
General Electric(GE-N) 

October 23, 2017

He would hold it until the team turns it around.  The action in the market is such that they laid out a plan to go forward.  They have two sectors that are not good and he thinks they have a plan for that.  The turbine business was also disappointing.  He is going to give them some breathing room rather than sell into this.  He will watch over the next weeks and months.

electrical/electronic

He would hold it until the team turns it around.  The action in the market is such that they laid out a plan to go forward.  They have two sectors that are not good and he thinks they have a plan for that.  The turbine business was also disappointing.  He is going to give them some breathing room rather than sell into this.  He will watch over the next weeks and months.

electrical/electronic
Rick Stuchberry

Portfolio Manager, Richardson GMP...

PricePrice
$22.320
Owned Owned
Yes

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BUY
Goldman Sachs(GS-N) 

October 23, 2017

The whole banking sector is going to do better.  It is a great place to hide.  It has been a tough road because regulators have not exited the space yet.  Once they go these things could have another leg on them.  He has BAC-N.

investment companies/funds

The whole banking sector is going to do better.  It is a great place to hide.  It has been a tough road because regulators have not exited the space yet.  Once they go these things could have another leg on them.  He has BAC-N.

investment companies/funds
Rick Stuchberry

Portfolio Manager, Richardson GMP...

PricePrice
$242.130
Owned Owned
No

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PAST TOP PICK
Home Depot(HD-N) 

October 23, 2017

(A Past Top Pick Sep 14/16, Up 34%)  It is very well managed and they will increase the dividend.  It is a pretty nice place to sit in a major trend that is positive going forward.  They are in a great position because Millennials are getting into the housing market and even if they buy used and have to renovate, they still have to buy appliances.

specialty stores

(A Past Top Pick Sep 14/16, Up 34%)  It is very well managed and they will increase the dividend.  It is a pretty nice place to sit in a major trend that is positive going forward.  They are in a great position because Millennials are getting into the housing market and even if they buy used and have to renovate, they still have to buy appliances.

specialty stores
Rick Stuchberry

Portfolio Manager, Richardson GMP...

PricePrice
$164.740
Owned Owned
Yes

Must be logged in to use chart
PAST TOP PICK
ING Groep NV(ING-N) 

October 23, 2017

(A Past Top Pick Sep 14/16, Up 59%)  There is still lots of room here.  This is best of breed.  The strength of the US$ helped boost the return on the ADR.  They were the first one to cut costs and to pay the Dutch government back.

investment companies/funds

(A Past Top Pick Sep 14/16, Up 59%)  There is still lots of room here.  This is best of breed.  The strength of the US$ helped boost the return on the ADR.  They were the first one to cut costs and to pay the Dutch government back.

investment companies/funds
Rick Stuchberry

Portfolio Manager, Richardson GMP...

PricePrice
$18.510
Owned Owned
Yes

Must be logged in to use chart
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