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
N/A
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

Must be logged in to use chart
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

Must be logged in to use chart
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

Must be logged in to use chart
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

Must be logged in to use chart
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

Must be logged in to use chart
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

Must be logged in to use chart
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

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

October 23, 2017

He is sticking with this one.  It is a great company in a sector that has not moved much yet.  There is so much potential when Europe starts to deregulate and when they start to raise interest rates.  There is so much money to be made in the banking sector.  It is one of the best EU banks.  (Analysts’ target: $22.00).

investment companies/funds

He is sticking with this one.  It is a great company in a sector that has not moved much yet.  There is so much potential when Europe starts to deregulate and when they start to raise interest rates.  There is so much money to be made in the banking sector.  It is one of the best EU banks.  (Analysts’ target: $22.00).

investment companies/funds
Rick Stuchberry

Portfolio Manager, Richardson GMP...

PricePrice
$18.510
Owned Owned
Yes

Must be logged in to use chart
HOLD

It is the sector.  There is money flowing around the marketplace.  They do a good job but flows are not into this sector at this time.  You either have to be patient or move the money to something with more legs.

Transportation & Environmental Services

It is the sector.  There is money flowing around the marketplace.  They do a good job but flows are not into this sector at this time.  You either have to be patient or move the money to something with more legs.

Transportation & Environmental Services
Rick Stuchberry

Portfolio Manager, Richardson GMP...

PricePrice
$68.640
Owned Owned
Unknown

Must be logged in to use chart
WATCH
Newalta Corp(NAL-T) 

October 23, 2017

We are still not getting cash flows into the energy market.  The good news is that they are still here.  A lot of service companies did not make it.  If we can just keep going for 6-12 months more you will see the service sector revived. 

Transportation & Environmental Services

We are still not getting cash flows into the energy market.  The good news is that they are still here.  A lot of service companies did not make it.  If we can just keep going for 6-12 months more you will see the service sector revived. 

Transportation & Environmental Services
Rick Stuchberry

Portfolio Manager, Richardson GMP...

PricePrice
$0.730
Owned Owned
Unknown

Must be logged in to use chart
PAST TOP PICK
Nike Inc(NKE-N) 

October 23, 2017

(A Past Top Pick Sep 14/16, Down 1%)  He thought AMZN-Q was going to come in and that NKE-T would take better advantage of it, dealing more through AMZN-Q than they are, using them as a distributor.  It is slow in coping but the stock seems to be fine.  There is nothing wrong with the company.  Last year was a tough year for them but he thinks it is okay and is still hanging on.

misc consumer products

(A Past Top Pick Sep 14/16, Down 1%)  He thought AMZN-Q was going to come in and that NKE-T would take better advantage of it, dealing more through AMZN-Q than they are, using them as a distributor.  It is slow in coping but the stock seems to be fine.  There is nothing wrong with the company.  Last year was a tough year for them but he thinks it is okay and is still hanging on.

misc consumer products
Rick Stuchberry

Portfolio Manager, Richardson GMP...

PricePrice
$53.660
Owned Owned
Yes

Must be logged in to use chart
PARTIAL SELL
Newell Brands Inc(NWL-N) 

October 23, 2017

He is not in this sector.  This company has been around for years and years and has been a consistent performer.  This sector is not attracting a lot of money inflows at present.  You could lighten up or acquire more on dips

misc consumer products

He is not in this sector.  This company has been around for years and years and has been a consistent performer.  This sector is not attracting a lot of money inflows at present.  You could lighten up or acquire more on dips

misc consumer products
Rick Stuchberry

Portfolio Manager, Richardson GMP...

PricePrice
$40.160
Owned Owned
No

Must be logged in to use chart
WATCH
Parkland Fuel Corp(PKI-T) 

October 23, 2017

Everyone is doing the same thing and waiting to see what gets sold.  He is not in the sector.  This has been a pretty good sector and they have managed the company pretty well.  You have to see what they are going to lighten up on and what they are going to add to.

merchandising/lodging

Everyone is doing the same thing and waiting to see what gets sold.  He is not in the sector.  This has been a pretty good sector and they have managed the company pretty well.  You have to see what they are going to lighten up on and what they are going to add to.

merchandising/lodging
Rick Stuchberry

Portfolio Manager, Richardson GMP...

PricePrice
$24.410
Owned Owned
No

Must be logged in to use chart
HOLD
Pembina Pipeline Corp(PPL-T) 

October 23, 2017

He does not own pipes right now.  This is a good one and if he had to own one it would be in the top group.  The risk is simply that the energy markets are not attracting any cash flows.  You are fine to collect the dividend of 5.2%.

pipelines

He does not own pipes right now.  This is a good one and if he had to own one it would be in the top group.  The risk is simply that the energy markets are not attracting any cash flows.  You are fine to collect the dividend of 5.2%.

pipelines
Rick Stuchberry

Portfolio Manager, Richardson GMP...

PricePrice
$41.490
Owned Owned
No

Must be logged in to use chart
TOP PICK
Royal Bank(RY-T) 

October 23, 2017

He trimmed some in the spring around $98 and replaced it in the low $90s.  It is a quality, quality bank and is a big beneficiary of bull markets.  You can buy it here and a year from now it will be up.  It is a solid, well run company.  (Analysts’ target: $101.00).

banks

He trimmed some in the spring around $98 and replaced it in the low $90s.  It is a quality, quality bank and is a big beneficiary of bull markets.  You can buy it here and a year from now it will be up.  It is a solid, well run company.  (Analysts’ target: $101.00).

banks
Rick Stuchberry

Portfolio Manager, Richardson GMP...

PricePrice
$101.420
Owned Owned
Yes

Must be logged in to use chart
HOLD
Banco Santander SA(SAN-N) 

October 23, 2017

The politics is what is holding this one back because of the potential separation of the Caledonian region.  The company itself was looking great until the last months’ political matters.  You have to hold your nose until the politics gets out of the way and then you are good to go.  2/3rds of the bank’s business is not in Spain.  It is simply tarnished with the brush of Spain.

banks

The politics is what is holding this one back because of the potential separation of the Caledonian region.  The company itself was looking great until the last months’ political matters.  You have to hold your nose until the politics gets out of the way and then you are good to go.  2/3rds of the bank’s business is not in Spain.  It is simply tarnished with the brush of Spain.

banks
Rick Stuchberry

Portfolio Manager, Richardson GMP...

PricePrice
$6.460
Owned Owned
Yes

Must be logged in to use chart
TOP PICK
Spin Master Corp(TOY-T) 

October 23, 2017

Toys R US went bust.  But he likes Spin Master Corp. (TOY-T).  This is a great company with great growth.  They have the media which is how they market.  They are in a very positive growth market.  (Analysts’ target: $51.00).

Toys R US went bust.  But he likes Spin Master Corp. (TOY-T).  This is a great company with great growth.  They have the media which is how they market.  They are in a very positive growth market.  (Analysts’ target: $51.00).

0
Rick Stuchberry

Portfolio Manager, Richardson GMP...

PricePrice
$50.380
Owned Owned
Yes

Must be logged in to use chart
BUY
Whirlpool Corp(WHR-N) 

October 23, 2017

Housing starts are coming along nicely.  Household formations are changing and millennials are starting to buy their own homes.  He prefers HD-N for this play because it is a retailer that covers many different aspects of the whole package.  It will grow its dividend and internal measurements. 

household goods

Housing starts are coming along nicely.  Household formations are changing and millennials are starting to buy their own homes.  He prefers HD-N for this play because it is a retailer that covers many different aspects of the whole package.  It will grow its dividend and internal measurements. 

household goods
Rick Stuchberry

Portfolio Manager, Richardson GMP...

PricePrice
$182.500
Owned Owned
No

Must be logged in to use chart
WATCH
Wal-Mart (WMT-N) 

October 23, 2017

It will be a goliath vs. goliath war.  They have the plant and equipment.  It is a cost game.  AMZN-Q has the momentum, but WMT-N is the best candidate to take them on.  He is focused on the battle which is going to be fought here.

department stores

It will be a goliath vs. goliath war.  They have the plant and equipment.  It is a cost game.  AMZN-Q has the momentum, but WMT-N is the best candidate to take them on.  He is focused on the battle which is going to be fought here.

department stores
Rick Stuchberry

Portfolio Manager, Richardson GMP...

PricePrice
$88.650
Owned Owned
No

Must be logged in to use chart
BUY
WSP Global Inc.(WSP-T) 

October 23, 2017

He likes it.  The earning are going to be good.  Strategically, to buy these stocks that are up a bit, get a toehold and then add when it pulls back.  You should have it but you don’t need to buy it all at once.

Business Services

He likes it.  The earning are going to be good.  Strategically, to buy these stocks that are up a bit, get a toehold and then add when it pulls back.  You should have it but you don’t need to buy it all at once.

Business Services
Rick Stuchberry

Portfolio Manager, Richardson GMP...

PricePrice
$54.700
Owned Owned
Yes

Must be logged in to use chart
N/A
General Market Comment 

August 24, 2017

Markets.  There is a long term investor’s story and a shorter term story.  He raised his cash levels from 5% to 20%.  Longer term he thinks it is a fabulous environment.  Shorter term the market has gone up without a correction so he is more defensive in here.  He does not see a bear market at all.  The secular bull market should go on for decades.  When the leaders in the market get tired, then you get your correction.  In the ‘80s market top there were three stocks that were taking the market higher and when they wore out the market went down.  We are seeing this in the tech stocks.  They have a lot of positive momentum in them.  SHOP-T and FB-Q, for example, will have a lot of people exit in times of a correction and will correct more.

Markets.  There is a long term investor’s story and a shorter term story.  He raised his cash levels from 5% to 20%.  Longer term he thinks it is a fabulous environment.  Shorter term the market has gone up without a correction so he is more defensive in here.  He does not see a bear market at all.  The secular bull market should go on for decades.  When the leaders in the market get tired, then you get your correction.  In the ‘80s market top there were three stocks that were taking the market higher and when they wore out the market went down.  We are seeing this in the tech stocks.  They have a lot of positive momentum in them.  SHOP-T and FB-Q, for example, will have a lot of people exit in times of a correction and will correct more.

Unknown
Rick Stuchberry

Portfolio Manager, Richardson GMP...

PricePrice
$0.020
Owned Owned
_N/A

Must be logged in to use chart
WATCH
General Market Comment 

August 24, 2017

Japanese Casino Gambling.  He looked at the entire sector a couple of years ago.  He looked more at Chinese gambling, however.  He did not buy.  You want to own gambling stocks when the market is to the upside.  Look for stocks you would like to own in this sector and then watch them through September/October for a low and if there is no correction then continue to watch them until the spring. Get them on the next up leg in the market.

Japanese Casino Gambling.  He looked at the entire sector a couple of years ago.  He looked more at Chinese gambling, however.  He did not buy.  You want to own gambling stocks when the market is to the upside.  Look for stocks you would like to own in this sector and then watch them through September/October for a low and if there is no correction then continue to watch them until the spring. Get them on the next up leg in the market.

Unknown
Rick Stuchberry

Portfolio Manager, Richardson GMP...

PricePrice
$0.020
Owned Owned
No

Must be logged in to use chart
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