Rick Stuchberry
Member since: Nov '08
Portfolio Manager at
Wellington-Altus Private Wealth
Wellington-Altus Private Wealth
1303 Opinions
Latest Top Picks
(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.
(A Top Pick Nov 06/18, Up 31%) Renovations and demographics are seeing millennials doing home upgrades. He still holds it here.
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)
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)
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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.
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.
Rick Stuchberry
Portfolio Manager, Wellington-Altus Private Wealth
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.
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.
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.
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.
Rick Stuchberry
Portfolio Manager, Wellington-Altus Private Wealth
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Rick Stuchberry
Portfolio Manager, Wellington-Altus Private Wealth
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.
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.
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.
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.
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.
(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.
(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.
(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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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)
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)
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)
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)
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)
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)
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'.
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'.
Rick Stuchberry
Portfolio Manager, Wellington-Altus Private Wealth
DON'T BUY
DON'T BUY
August 29, 2019
They make great cars. He does not like the space. With the exception of China, auto sales have been flat for 20 years. There will be some winners but it is too early to speculate on which will be the winners. If you have to be in this sector, it is a good car maker.
They make great cars. He does not like the space. With the exception of China, auto sales have been flat for 20 years. There will be some winners but it is too early to speculate on which will be the winners. If you have to be in this sector, it is a good car maker.
Automotive
HOLD
HOLD
August 29, 2019
It has been a bit of a disappointment in that it has Asian exposure and has been there for decades, but the yield curve is a real headwind. They have to keep taking charges. He prefers SLF-T. They are good, solid companies, but they need a break on the yield curve.
It has been a bit of a disappointment in that it has Asian exposure and has been there for decades, but the yield curve is a real headwind. They have to keep taking charges. He prefers SLF-T. They are good, solid companies, but they need a break on the yield curve.
insurance
HOLD
HOLD
August 29, 2019
It has had a stormy couple of years. It is now coming back. They are in the energy business where there have been no money flows for 4 years. There is a turnaround in place. It will be a slow and steady stock.
It has had a stormy couple of years. It is now coming back. They are in the energy business where there have been no money flows for 4 years. There is a turnaround in place. It will be a slow and steady stock.
oil/gas
BUY
BUY
August 29, 2019
It is one of the best stocks on the TSX over the last few years. Canadian tech stocks have done well relative to the rest of the Canadian market. There is not much choice amongst the Canadian techs.
It is one of the best stocks on the TSX over the last few years. Canadian tech stocks have done well relative to the rest of the Canadian market. There is not much choice amongst the Canadian techs.
computer software/processing
DON'T BUY
DON'T BUY
August 29, 2019
finance/leasing
WATCH
WATCH
August 29, 2019
They are a victim of circumstances. They serve a farming community. Plantings were very late this year. Crops in Ontario don't look very good. Disposable income is what Nutrien banks on. NTR-T serves its market extremely well. There is no rush to buy it, however. You have to wait until next spring.
They are a victim of circumstances. They serve a farming community. Plantings were very late this year. Crops in Ontario don't look very good. Disposable income is what Nutrien banks on. NTR-T serves its market extremely well. There is no rush to buy it, however. You have to wait until next spring.
agriculture
COMMENT
COMMENT
August 29, 2019
We are in a sweet spot in the oil market. Two countries are down 5 million barrels at present. The stocks are ridiculously cheap. Oil consumption is flat. Oil stocks are cheap if we get to 70+ oil.
We are in a sweet spot in the oil market. Two countries are down 5 million barrels at present. The stocks are ridiculously cheap. Oil consumption is flat. Oil stocks are cheap if we get to 70+ oil.
Rick Stuchberry
Portfolio Manager, Wellington-Altus Private Wealth
COMMENT
COMMENT
August 29, 2019
Owning royalties is usually a pretty good way to participate. You don’t have the exposure of operating the companies. However you will need a good oil price. If you felt comfortable that the price of oil was going to rise in the winter then it is a good place to buy these companies.
Owning royalties is usually a pretty good way to participate. You don’t have the exposure of operating the companies. However you will need a good oil price. If you felt comfortable that the price of oil was going to rise in the winter then it is a good place to buy these companies.
Rick Stuchberry
Portfolio Manager, Wellington-Altus Private Wealth
COMMENT
COMMENT
August 29, 2019
It moved a fair bit of its operations to the states where they get better pricing. This stock is very cheap right now. It is probably a pretty good entry point if you believe the price of oil is going to move up. (Analysts’ price target is $10.60)
It moved a fair bit of its operations to the states where they get better pricing. This stock is very cheap right now. It is probably a pretty good entry point if you believe the price of oil is going to move up. (Analysts’ price target is $10.60)
oil/gas
PAST TOP PICK
PAST TOP PICK
August 29, 2019
(A Top Pick Sep 05/18, Down 6%) It is very difficult for them to lend money with a flat yield curve. Over time they have been a safe place to be. He is going to stick with it. Sometimes you just have to be patient in a market and if something is good, don't be shaken out of it.
(A Top Pick Sep 05/18, Down 6%) It is very difficult for them to lend money with a flat yield curve. Over time they have been a safe place to be. He is going to stick with it. Sometimes you just have to be patient in a market and if something is good, don't be shaken out of it.
banks
PAST TOP PICK
PAST TOP PICK
August 29, 2019
(A Top Pick Sep 05/18, Down 0.4%) They were the leaders in 17/18. They are not as on fire now. They have to get the momentum back and then they will grow. The techs can still grow.
(A Top Pick Sep 05/18, Down 0.4%) They were the leaders in 17/18. They are not as on fire now. They have to get the momentum back and then they will grow. The techs can still grow.
Business Services
PAST TOP PICK
PAST TOP PICK
August 29, 2019
(A Top Pick Sep 05/18, Down 48%) They have never cut the dividend in worse times. The shorts might give up. The assets are good and management is good.
(A Top Pick Sep 05/18, Down 48%) They have never cut the dividend in worse times. The shorts might give up. The assets are good and management is good.
oil/gas
DON'T BUY
DON'T BUY
August 29, 2019
He owned the stock 8 or 9 years ago. He anticipated at the time that when China opened up the financial area they would be a beneficiary but China did not open up the area the way he hoped. He thinks there is no urgency to jump on this unless China opens up on this. It trades at 10 times earnings.
He owned the stock 8 or 9 years ago. He anticipated at the time that when China opened up the financial area they would be a beneficiary but China did not open up the area the way he hoped. He thinks there is no urgency to jump on this unless China opens up on this. It trades at 10 times earnings.
banks
WATCH
WATCH
August 29, 2019
It is one of the best looking charts and has not deteriorated as much as some of the others. They are well managed and in a good position. What they need is to get product out of Alberta. You need the oil pricing and that is all.
It is one of the best looking charts and has not deteriorated as much as some of the others. They are well managed and in a good position. What they need is to get product out of Alberta. You need the oil pricing and that is all.
integrated oils
WATCH
WATCH
August 29, 2019
We had a good rally in the gold area this year already. Palladium used to be part of that complex. Stocks had a good lift. You should trade commodities and don't fall in love with them. Don't think these are long term investments.
We had a good rally in the gold area this year already. Palladium used to be part of that complex. Stocks had a good lift. You should trade commodities and don't fall in love with them. Don't think these are long term investments.
precious metals
COMMENT
COMMENT
August 29, 2019
The US housing market has been lack luster for the last year. Yet the consumer is strong. But they are spooked from '08 when they almost lost their house. It is never wrong to take a profit. You could wait for it to pull back and then buy back.
The US housing market has been lack luster for the last year. Yet the consumer is strong. But they are spooked from '08 when they almost lost their house. It is never wrong to take a profit. You could wait for it to pull back and then buy back.
household goods
TOP PICK
TOP PICK
August 29, 2019
He is looking for value and great growth. China is bubbling along with all this goop in the media about 5% GDP growth. The domestic economy is strong and growing faster than the US. He was looking for good domestic companies that are growing quickly. BABA-N grew over 30% in the last quarter – the AMZN-Q of China. They also have pay systems and the shopping business, etc. Now is the time to get a position in China through this one. (Analysts’ price target is $221.76)
He is looking for value and great growth. China is bubbling along with all this goop in the media about 5% GDP growth. The domestic economy is strong and growing faster than the US. He was looking for good domestic companies that are growing quickly. BABA-N grew over 30% in the last quarter – the AMZN-Q of China. They also have pay systems and the shopping business, etc. Now is the time to get a position in China through this one. (Analysts’ price target is $221.76)
TOP PICK
TOP PICK
August 29, 2019
There are Visa and MasterCard in North America, and Alipay and another Tencent app in China. They are also heavily into games and audio. It grows over 20%, is domestic, and is down substantially from its highs. (Analysts’ price target is $55.67)
There are Visa and MasterCard in North America, and Alipay and another Tencent app in China. They are also heavily into games and audio. It grows over 20%, is domestic, and is down substantially from its highs. (Analysts’ price target is $55.67)
TOP PICK
TOP PICK
August 29, 2019
It is a Canadian success story. If you look at the returns, it has been very solid. They borrow, buy, pay off the debt and then away they go. It is positioned for the next decade when electrification comes in. The model still works. It is so well managed – that is the key. (Analysts’ price target is $90.09)