Rick Stuchberry
Member since: Nov '08
Portfolio Manager at
Wellington-Altus Private Wealth
Wellington-Altus Private Wealth
1315 Opinions
Latest Top Picks
World’s largest publicly traded REIT. Extremely well positioned to generate high levels of cash flow.
Strong supply and demand fundamentals in the U.S. Management has excellent operational capabilities. Shares trade at 20% discount.
A Canadian-listed REIT that invests in multi-family apartments (Texas, Oklahoma and Arkansas). Management has a significant ownership in the company. Well positioned for net asset growth.
(A Top Pick Nov 06/18, Down 18%) He got "Trumped" on this one. The company is solid, despite the trade war issues. It will bounce back if the trade deal gets signed. China is the main market for this. He will continue to hold it.
(A Top Pick Nov 06/18, Up 20%) He is still bullish on financials. When the yield curve normalizes all the banks will make a lot of money. They are doing well going into the headwinds currently. He likes the technical price breakout now too.
Signal
Opinion
Expert
Chart
COMMENT
COMMENT
January 15, 2020
US/China Trade Agreement It looks like we have two armies who have sent down their white flags for the first battle. This is setting the stage for an upcoming phase of negotiations that will go on for a very long time. This is not over -- this may be the beginning of the end for all he knows. This is good, but now we go into phases 2, 3 or 4 of negotiations.
US/China Trade Agreement It looks like we have two armies who have sent down their white flags for the first battle. This is setting the stage for an upcoming phase of negotiations that will go on for a very long time. This is not over -- this may be the beginning of the end for all he knows. This is good, but now we go into phases 2, 3 or 4 of negotiations.
COMMENT
COMMENT
January 15, 2020
Market Outlook He thinks the 1982-2000 rally of the Dow from 200 to 1400 points is looking much like what the market is poised to do again. You should participate, don't go fully into cash ever, as this market could march higher for years to come.
Show full opinionHide full opinionMarket Outlook He thinks the 1982-2000 rally of the Dow from 200 to 1400 points is looking much like what the market is poised to do again. You should participate, don't go fully into cash ever, as this market could march higher for years to come.
HOLD
HOLD
January 15, 2020
He owns this and has recommended it in the past. There are rumours there may be a large merger coming for them. He will continue to hold it from here. They have historically taken mergers in the past and tucked them in an accreative way.
Show full opinionHide full opinionHe owns this and has recommended it in the past. There are rumours there may be a large merger coming for them. He will continue to hold it from here. They have historically taken mergers in the past and tucked them in an accreative way.
Business Services
COMMENT
COMMENT
January 15, 2020
BAC-N or C-N? He owns BAC and liked their recent earnings announcement. BAC is more of a traditional structure, but is more conservative as a result. C has more leverage however. The US banking sector looks good and is well priced. He would buy more BAC on weakness on a pullback.
banks
COMMENT
COMMENT
January 15, 2020
BAC-N or C-N? He owns BAC and liked their recent earnings announcement. BAC is more of a traditional structure, but is more conservative as a result. C has more leverage however. The US banking sector looks good and is well priced. He would buy more BAC on weakness on a pullback.
banks
COMMENT
COMMENT
January 15, 2020
ENB vs TRP? He does not own any pipeline companies presently. He thinks the dividends of both are safe. He would likely favour buying ENB as they have had more of a retracement in share price. There are still regulatory approvals that are required and the investor space is not looking favorably in this market.
ENB vs TRP? He does not own any pipeline companies presently. He thinks the dividends of both are safe. He would likely favour buying ENB as they have had more of a retracement in share price. There are still regulatory approvals that are required and the investor space is not looking favorably in this market.
oil/gas pipelines
COMMENT
COMMENT
January 15, 2020
ENB vs TRP? He does not own any pipeline companies presently. He thinks the dividends of both are safe. He would likely favour buying ENB as they have had more of a retracement in share price. There are still regulatory approvals that are required and the investor space is not looking favorably in this market.
ENB vs TRP? He does not own any pipeline companies presently. He thinks the dividends of both are safe. He would likely favour buying ENB as they have had more of a retracement in share price. There are still regulatory approvals that are required and the investor space is not looking favorably in this market.
oil/gas pipelines
WAIT
WAIT
January 15, 2020
He does not own this one and thinks there are still in the restructuring phase. His tech holdings are in the US or offshore. He likes how they have been progressing with the restructuring, but thinks there is still more to come.
Show full opinionHide full opinionHe does not own this one and thinks there are still in the restructuring phase. His tech holdings are in the US or offshore. He likes how they have been progressing with the restructuring, but thinks there is still more to come.
electrical/electronic
DON'T BUY
DON'T BUY
January 15, 2020
He is really light in the oil space. CNQ is a great company, but the problem is money is not flowing into resources. There is a large gap in the pricing of Canadian oil relative to the US and the world. He is not adding anything at this time.
Show full opinionHide full opinionHe is really light in the oil space. CNQ is a great company, but the problem is money is not flowing into resources. There is a large gap in the pricing of Canadian oil relative to the US and the world. He is not adding anything at this time.
oil/gas
TOP PICK
TOP PICK
January 15, 2020
World’s largest publicly traded REIT. Extremely well positioned to generate high levels of cash flow.
World’s largest publicly traded REIT. Extremely well positioned to generate high levels of cash flow.
REAL ESTATE
TOP PICK
TOP PICK
January 15, 2020
Strong supply and demand fundamentals in the U.S. Management has excellent operational capabilities. Shares trade at 20% discount.
Strong supply and demand fundamentals in the U.S. Management has excellent operational capabilities. Shares trade at 20% discount.
REAL ESTATE
TOP PICK
TOP PICK
January 15, 2020
A Canadian-listed REIT that invests in multi-family apartments (Texas, Oklahoma and Arkansas). Management has a significant ownership in the company. Well positioned for net asset growth.
A Canadian-listed REIT that invests in multi-family apartments (Texas, Oklahoma and Arkansas). Management has a significant ownership in the company. Well positioned for net asset growth.
REAL ESTATE
COMMENT
COMMENT
November 6, 2019
Market Outlook The market is telling you the summer was full of political bad news. The last six months the market is not down, where is all the gloom. The market is behaving as it should. Rates are as low as they can get, you are not seeing it help the economy. The psychology is positive right now. The Dow is following the previous bull market that ran 1982-2000 -- it has about 10 years to go. He doesn't expect a 20-30% plunge is coming.
Show full opinionHide full opinionMarket Outlook The market is telling you the summer was full of political bad news. The last six months the market is not down, where is all the gloom. The market is behaving as it should. Rates are as low as they can get, you are not seeing it help the economy. The psychology is positive right now. The Dow is following the previous bull market that ran 1982-2000 -- it has about 10 years to go. He doesn't expect a 20-30% plunge is coming.
HOLD
HOLD
November 6, 2019
Gold is not expensive. Barrick increased its dividend and he likes their management. The Chinese Central bank has been steadily building gold inventory. They want to move their reserves up to the likes of the US, Germany, etc. No major reserves are being discovered, so eventually prices will rise. Gold prices today will start some exploration across the sector. Gold prices could find resistance around $1719 /oz. Seasonally, gold prices usually rise from after US Thanksgiving into the spring.
Show full opinionHide full opinionGold is not expensive. Barrick increased its dividend and he likes their management. The Chinese Central bank has been steadily building gold inventory. They want to move their reserves up to the likes of the US, Germany, etc. No major reserves are being discovered, so eventually prices will rise. Gold prices today will start some exploration across the sector. Gold prices could find resistance around $1719 /oz. Seasonally, gold prices usually rise from after US Thanksgiving into the spring.
precious metals
COMMENT
COMMENT
November 6, 2019
Why are REITs selling off? REITs are falling off on the threat of bond yields rising again. If bonds go up, it will create competition and money will move to safer yields.
Show full opinionHide full opinionWhy are REITs selling off? REITs are falling off on the threat of bond yields rising again. If bonds go up, it will create competition and money will move to safer yields.
HOLD
HOLD
November 6, 2019
He owns this and has for quite some time. It is more sensitive to market moves as it has a large presence in the financial capital market space. So if you are bullish the market it will do better than the other Canadian banks.
Show full opinionHide full opinionHe owns this and has for quite some time. It is more sensitive to market moves as it has a large presence in the financial capital market space. So if you are bullish the market it will do better than the other Canadian banks.
banks
COMMENT
COMMENT
November 6, 2019
How big is their real estate exposure? A good bank for sure. Real Estate is studied internally to evaluate overall exposure. Don't worry too much about where they are concentrated, the banks have been doing this for over 170 years.
Show full opinionHide full opinionHow big is their real estate exposure? A good bank for sure. Real Estate is studied internally to evaluate overall exposure. Don't worry too much about where they are concentrated, the banks have been doing this for over 170 years.
banks
COMMENT
COMMENT
November 6, 2019
Will they continue to outperform their peers? Every cycle sees the laggard become the leader and then vice versa. The Canadian banks are all about the same in long term returns. CM is the smaller of the Big 5 banks. RY has been consistently the largest bank, however. CM-T does have the highest current dividend yield.
Show full opinionHide full opinionWill they continue to outperform their peers? Every cycle sees the laggard become the leader and then vice versa. The Canadian banks are all about the same in long term returns. CM is the smaller of the Big 5 banks. RY has been consistently the largest bank, however. CM-T does have the highest current dividend yield.
banks
COMMENT
COMMENT
November 6, 2019
Will they continue to outperform their peers? Every cycle sees the laggard become the leader and then vice versa. The Canadian banks are all about the same in long term returns. CM is the smaller of the Big 5 banks. RY has been consistently the largest bank, however. CM-T does have the highest current dividend yield.
Show full opinionHide full opinionWill they continue to outperform their peers? Every cycle sees the laggard become the leader and then vice versa. The Canadian banks are all about the same in long term returns. CM is the smaller of the Big 5 banks. RY has been consistently the largest bank, however. CM-T does have the highest current dividend yield.
banks
COMMENT
COMMENT
November 6, 2019
Canadian Economy The Canadian economy is disappointing because a large portion of the driving force is being held back from contributing fully (interviewer, "You mean oil and gas"). Hopefully now a minority government and the two main partners agree on energy to allow the correct legislation to allow the energy space to grow again. China has hurt us as well.
Show full opinionHide full opinionCanadian Economy The Canadian economy is disappointing because a large portion of the driving force is being held back from contributing fully (interviewer, "You mean oil and gas"). Hopefully now a minority government and the two main partners agree on energy to allow the correct legislation to allow the energy space to grow again. China has hurt us as well.
BUY
BUY
November 6, 2019
Down 10% today Amazon has not a substantial impact on the bigger box stores yet -- Canadian Tire included. The stores remain busy. Consider them as trading opportunities. The fourth quarter is usually a good earnings time. If you can buy it today at a discount you should.
Show full opinionHide full opinionDown 10% today Amazon has not a substantial impact on the bigger box stores yet -- Canadian Tire included. The stores remain busy. Consider them as trading opportunities. The fourth quarter is usually a good earnings time. If you can buy it today at a discount you should.
specialty stores
COMMENT
COMMENT
November 6, 2019
It is a Hong Kong focused Asian bank -- two hot spots right now. Democracy will hopefully prevail in Hong Kong, but it is tough for the bank right now.
Show full opinionHide full opinionIt is a Hong Kong focused Asian bank -- two hot spots right now. Democracy will hopefully prevail in Hong Kong, but it is tough for the bank right now.
banks
PAST TOP PICK
PAST TOP PICK
November 6, 2019
(A Top Pick Nov 06/18, Down 18%) He got "Trumped" on this one. The company is solid, despite the trade war issues. It will bounce back if the trade deal gets signed. China is the main market for this. He will continue to hold it.
Show full opinionHide full opinion(A Top Pick Nov 06/18, Down 18%) He got "Trumped" on this one. The company is solid, despite the trade war issues. It will bounce back if the trade deal gets signed. China is the main market for this. He will continue to hold it.
Mining
PAST TOP PICK
PAST TOP PICK
November 6, 2019
(A Top Pick Nov 06/18, Up 20%) He is still bullish on financials. When the yield curve normalizes all the banks will make a lot of money. They are doing well going into the headwinds currently. He likes the technical price breakout now too.
Show full opinionHide full opinion(A Top Pick Nov 06/18, Up 20%) He is still bullish on financials. When the yield curve normalizes all the banks will make a lot of money. They are doing well going into the headwinds currently. He likes the technical price breakout now too.
banks
PAST TOP PICK
PAST TOP PICK
November 6, 2019
(A Top Pick Nov 06/18, Up 31%) Renovations and demographics are seeing millennials doing home upgrades. He still holds it here.
Show full opinionHide full opinion(A Top Pick Nov 06/18, Up 31%) Renovations and demographics are seeing millennials doing home upgrades. He still holds it here.
specialty stores
HOLD
HOLD
November 6, 2019
Tech stocks will always have air pockets -- momentum comes and goes. They are part of exchange indexes now, so they will benefit when the market goes up (funds need to buy) and when markets breath they will go down.
Show full opinionHide full opinionTech stocks will always have air pockets -- momentum comes and goes. They are part of exchange indexes now, so they will benefit when the market goes up (funds need to buy) and when markets breath they will go down.
BUY
BUY
November 6, 2019
All the European banks are struggling with a negative yield curve and spot rates negative. Brexit will solve itself, they will probably leave, and then things will go back to normal. He would position for that if you believe things will stabilize.
Show full opinionHide full opinionAll the European banks are struggling with a negative yield curve and spot rates negative. Brexit will solve itself, they will probably leave, and then things will go back to normal. He would position for that if you believe things will stabilize.
banks
COMMENT
COMMENT
November 6, 2019
The Chinese trade was has been so negative for commodities as a whole. You should never fall in love with commodity stocks, they are just too cyclical.
Show full opinionHide full opinionThe Chinese trade was has been so negative for commodities as a whole. You should never fall in love with commodity stocks, they are just too cyclical.
department stores
SELL
SELL
November 6, 2019
He does not own them and has not done for years. He would trade into something else. For over 10 years that has been dead money. He does not see how management will create anything exciting.
Show full opinionHide full opinionHe does not own them and has not done for years. He would trade into something else. For over 10 years that has been dead money. He does not see how management will create anything exciting.
mngmnt/diversified
DON'T BUY
DON'T BUY
November 6, 2019
He is not in the cannabis space. There are too many players. It is like the auto market back in the early 1990s, when everyone was making cars. There will be a huge consolidation ahead. Maybe WEED-T is one that will survive. This is just not an investing environment.
Show full opinionHide full opinionHe is not in the cannabis space. There are too many players. It is like the auto market back in the early 1990s, when everyone was making cars. There will be a huge consolidation ahead. Maybe WEED-T is one that will survive. This is just not an investing environment.
agriculture
BUY
BUY
November 6, 2019
He does not own BAM. It is a fabulous company and the dividend is solid. They just seem to land on their feet now wonder what happens. A pillar in any portfolio. He wished he owned it.
Show full opinionHide full opinionHe does not own BAM. It is a fabulous company and the dividend is solid. They just seem to land on their feet now wonder what happens. A pillar in any portfolio. He wished he owned it.
management/diversified
COMMENT
COMMENT
November 6, 2019
SU vs PKI? The two go to stocks in the energy space are CNQ and SU. We are eventually going to have a big consolidation in the energy space, there are too many small players now. SU is a solid company, he would prefer it.
Show full opinionHide full opinionSU vs PKI? The two go to stocks in the energy space are CNQ and SU. We are eventually going to have a big consolidation in the energy space, there are too many small players now. SU is a solid company, he would prefer it.
integrated oils
COMMENT
COMMENT
November 6, 2019
SU vs PKI? The two go to stocks in the energy space are CNQ and SU. We are eventually going to have a big consolidation in the energy space, there are too many small players now. SU is a solid company, he would prefer it.
Show full opinionHide full opinionSU vs PKI? The two go to stocks in the energy space are CNQ and SU. We are eventually going to have a big consolidation in the energy space, there are too many small players now. SU is a solid company, he would prefer it.
merchandising/lodging
COMMENT
COMMENT
November 6, 2019
SU vs PKI? The two go to stocks in the energy space are CNQ and SU. We are eventually going to have a big consolidation in the energy space, there are too many small players now. SU is a solid company, he would prefer it.
Show full opinionHide full opinionSU vs PKI? The two go to stocks in the energy space are CNQ and SU. We are eventually going to have a big consolidation in the energy space, there are too many small players now. SU is a solid company, he would prefer it.
oil/gas
COMMENT
COMMENT
November 6, 2019
Politically we threw fuel on the fire in a weak commodity market. You have to be positive on the forward energy price to like anything. SU is a safer bet than WCP as they can make money at current prices. He is not sure WCP will be able to benefit. He expects more consolidation of smaller players in this space going forward.
Show full opinionHide full opinionPolitically we threw fuel on the fire in a weak commodity market. You have to be positive on the forward energy price to like anything. SU is a safer bet than WCP as they can make money at current prices. He is not sure WCP will be able to benefit. He expects more consolidation of smaller players in this space going forward.
integrated oils
COMMENT
COMMENT
November 6, 2019
Politically we threw fuel on the fire in a weak commodity market. You have to be positive on the forward energy price to like anything. SU is a safer bet than WCP as they can make money at current prices. He is not sure WCP will be able to benefit. He expects more consolidation of smaller players in this space going forward.
Show full opinionHide full opinionPolitically we threw fuel on the fire in a weak commodity market. You have to be positive on the forward energy price to like anything. SU is a safer bet than WCP as they can make money at current prices. He is not sure WCP will be able to benefit. He expects more consolidation of smaller players in this space going forward.
Oil and Gas (Integrated Oils)
TOP PICK
TOP PICK
November 6, 2019
A great Canadian story. They do tuck in acquisitions and have handled debt very well. Second only to 711 in the convenience store space. Going forward, we will still need fueling stations (gasoline, electric, etc.) and they are well positioned. Yield 0.62% (Analysts’ price target is $45.59)
Show full opinionHide full opinionA great Canadian story. They do tuck in acquisitions and have handled debt very well. Second only to 711 in the convenience store space. Going forward, we will still need fueling stations (gasoline, electric, etc.) and they are well positioned. Yield 0.62% (Analysts’ price target is $45.59)
food stores
TOP PICK
TOP PICK
November 6, 2019
They have 30% annual growth and have for years. It does not look like anyone can knock them off their perch. A must hold in every portfolio. Yield 0% (Analysts’ price target is $2194.83)
Show full opinionHide full opinionThey have 30% annual growth and have for years. It does not look like anyone can knock them off their perch. A must hold in every portfolio. Yield 0% (Analysts’ price target is $2194.83)
specialty stores
TOP PICK
TOP PICK
November 6, 2019
All the Canadian banks are good. The US economy looks a little better than in Canada and they have a better position there. A safe dividend. An anchor in any portfolio. Yield 3.89% (Analysts’ price target is $79.25)
Show full opinionHide full opinionAll the Canadian banks are good. The US economy looks a little better than in Canada and they have a better position there. A safe dividend. An anchor in any portfolio. Yield 3.89% (Analysts’ price target is $79.25)
banks
N/A
N/A
August 29, 2019
Market. The markets are just bouncing on China trade news. America only really only has about 1% of GDP exposed to China and China really only has about 5% of GDP exposed to the US. That's what this is about. It comes at a time when volumes are light in the markets due to summer. Computers just keep triggering and that is why volatility is so high. The 10 year yield curve has inverted and spooked the markets. But low interest rates support the stock markets. The bull is crying 'wolf'.
Show full opinionHide full opinionMarket. The markets are just bouncing on China trade news. America only really only has about 1% of GDP exposed to China and China really only has about 5% of GDP exposed to the US. That's what this is about. It comes at a time when volumes are light in the markets due to summer. Computers just keep triggering and that is why volatility is so high. The 10 year yield curve has inverted and spooked the markets. But low interest rates support the stock markets. The bull is crying 'wolf'.