Stock Opinions by Chris Stuchberry - Stockchase Experts
WATCH LIST
77
Chris Stuchberry @

On Stockchase since : Jun 2018

Portfolio Manager at Wellington-Altus Private Wealth

Reveal Expert Performance

Chris Stuchberry hasn’t left any messages.

You are Chris Stuchberry? Sign up for Market Pro to post messages to your visitors here.


Chris Stuchberry Latest Top Picks...

Stock Opinions by Chris Stuchberry - Stockchase Experts

Signal Opinion Expert Chart
COMMENT
General Market Comment 

December 31, 2018

2018 recap: few saw the difficult Q4 and December especially coming. The Nasdaq was down 3% while last year it was up 28%. The TSX fared badly. What next? He doesn't think 2019 will be *that* bad. Sure, December was rough with no buyers and everyone selling at once. It's wishful thinking to feel US-China trade wars will just disappear. This is the new normal. Expect volatility. China won't bend under US pressure. US and China are battling over the 21st century. The line in the sand has been drawn. Can investors get used to this situation for the long term?
0 0 0 0 0
0 comments
2018 recap: few saw the difficult Q4 and December especially coming. The Nasdaq was down 3% while last year it was up 28%. The TSX fared badly. What next? He doesn't think 2019 will be *that* bad. Sure, December was rough with no buyers and everyone selling at once. It's wishful thinking to feel US-China trade wars will just disappear. This is the new normal. Expect volatility. China won't bend under US pressure. US and China are battling over the 21st century. The line in the sand has been drawn. Can investors get used to this situation for the long term?
Unknown
0 0 0 0 0
0 comments
Chris Stuchberr

Portfolio , Wellington-Altus Pri...

Price Price
$0.000
Owned Owned
Unknown

Sign up or Log in to enjoy full view of charts.

DON'T BUY
Baytex Energy Corp(BTE-T) 

December 31, 2018

Oil forecast? Used to have a great a balance sheet then levered up at the wrong time to make an acquisition around 2014. It takes a long time to unwind. Some say you can get great torque on BTE, because an upside in oil means an upside in earnings, but it's not worth the risk. Oil price is a little cheap now, so you can dip a toe into oil now. But look for good balance sheets in a company. It's rough to see the WCS differential so wide, but the reason is the lack of pipelines. Things can't get worse, but it can go away as soon as you start building pipelines. Also, demand growth in oil is okay actually.
oil/gas
0 0 0 0 0
0 comments
Oil forecast? Used to have a great a balance sheet then levered up at the wrong time to make an acquisition around 2014. It takes a long time to unwind. Some say you can get great torque on BTE, because an upside in oil means an upside in earnings, but it's not worth the risk. Oil price is a little cheap now, so you can dip a toe into oil now. But look for good balance sheets in a company. It's rough to see the WCS differential so wide, but the reason is the lack of pipelines. Things can't get worse, but it can go away as soon as you start building pipelines. Also, demand growth in oil is okay actually.
oil/gas
0 0 0 0 0
0 comments
Chris Stuchberr

Portfolio , Wellington-Altus Pri...

Price Price
$2.410
Owned Owned
Unknown

Sign up or Log in to enjoy full view of charts.

COMMENT
Vale S.A.(VALE-N) 

December 31, 2018

A large Brazillian iron ore company. Really volatile. Really cleaned up their balance sheet with decent debt-to-earnings. It's starting to recover. Don't expect a huge pick-up on iron ore prices, but going steadily. If the USD suffers serious weakness, then the price of iron ore will rise and VALE, but he doesn't see massive U.S. dollar weakness in the short term.
other mines
0 0 0 0 0
0 comments
A large Brazillian iron ore company. Really volatile. Really cleaned up their balance sheet with decent debt-to-earnings. It's starting to recover. Don't expect a huge pick-up on iron ore prices, but going steadily. If the USD suffers serious weakness, then the price of iron ore will rise and VALE, but he doesn't see massive U.S. dollar weakness in the short term.
other mines
0 0 0 0 0
0 comments
Chris Stuchberr

Portfolio , Wellington-Altus Pri...

Price Price
$13.190
Owned Owned
Unknown

Sign up or Log in to enjoy full view of charts.

COMMENT
General Market Comment 

December 31, 2018

2019 outlook He's always had a good EM allocation. He buys ADRs in nations he wants exposure to, but recently he's been buying American stocks with that international exposure, like Starbucks. He's been conservative with cash, buying a little during the October dip, but only a little. You can't ignore the Chinese consumer, like Canada Goose opening a store in China.
0 0 0 0 0
0 comments
2019 outlook He's always had a good EM allocation. He buys ADRs in nations he wants exposure to, but recently he's been buying American stocks with that international exposure, like Starbucks. He's been conservative with cash, buying a little during the October dip, but only a little. You can't ignore the Chinese consumer, like Canada Goose opening a store in China.
Unknown
0 0 0 0 0
0 comments
Chris Stuchberr

Portfolio , Wellington-Altus Pri...

Price Price
$0.000
Owned Owned
Unknown

Sign up or Log in to enjoy full view of charts.

COMMENT
Altagas Ltd(ALA-T) 

December 31, 2018

A lot of the pain is now behind them. But don't expect a quick recovery. They just cut their dividend and are selling their Canadian divisions to reduce their heavy leverage. They might be fine. But this could be in $10-15 for some time. It takes time to de-leverage. But the worst is certainly behind them.
oil/gas
0 0 0 0 0
0 comments
A lot of the pain is now behind them. But don't expect a quick recovery. They just cut their dividend and are selling their Canadian divisions to reduce their heavy leverage. They might be fine. But this could be in $10-15 for some time. It takes time to de-leverage. But the worst is certainly behind them.
oil/gas
0 0 0 0 0
0 comments
Chris Stuchberr

Portfolio , Wellington-Altus Pri...

Price Price
$13.900
Owned Owned
Unknown

Sign up or Log in to enjoy full view of charts.

DON'T BUY
Inter Pipeline(IPL-T) 

December 31, 2018

Used to own it. He sold high-dividend stocks in 2014-16, expecting interest rates started rising. Utilities are levered up, too. IPL has come down in price a lot so he's interested, but he expects interest rates to rise, so he wouldn't look at utilities for longer-term growth.
oil pipelines
0 0 0 0 0
0 comments
Used to own it. He sold high-dividend stocks in 2014-16, expecting interest rates started rising. Utilities are levered up, too. IPL has come down in price a lot so he's interested, but he expects interest rates to rise, so he wouldn't look at utilities for longer-term growth.
oil pipelines
0 0 0 0 0
0 comments
Chris Stuchberr

Portfolio , Wellington-Altus Pri...

Price Price
$19.340
Owned Owned
No

Sign up or Log in to enjoy full view of charts.

DON'T BUY
The auto space is challenging. He sold off his car stocks a while ago, because of Uber and Lyft. There's a strong case to be made for Peak Auto. He's never looked back at the car stocks, like BMW (GM, Tata and Daimler). GM's recent plant closing in Oshawa was painful, but correct. The carmakers are facing ride-sharing. Technology disrupts and cars are old technology.
Automotive
0 0 0 0 0
0 comments
The auto space is challenging. He sold off his car stocks a while ago, because of Uber and Lyft. There's a strong case to be made for Peak Auto. He's never looked back at the car stocks, like BMW (GM, Tata and Daimler). GM's recent plant closing in Oshawa was painful, but correct. The carmakers are facing ride-sharing. Technology disrupts and cars are old technology.
Automotive
0 0 0 0 0
0 comments
Chris Stuchberr

Portfolio , Wellington-Altus Pri...

Price Price
$0.000
Owned Owned
No

Sign up or Log in to enjoy full view of charts.

PAST TOP PICK
Facebook(FB-Q) 

December 31, 2018

(A Top Pick Oct 17/18, Down 18%) It's been a really bad media year for FB. But step back. In a rising rate environment, you want a company with a good balance sheet. FB has $40 billion in cash and no debt; they earn $5 billion net income per quarter and $20 billion annually--in a class of maybe 20 companies in the world. They dominate social media. You're gonna have these tough years. It was up 50% last year and gave back a lot of that this year. Revenue growth is still 40%.
0 0 0 0 0
0 comments
(A Top Pick Oct 17/18, Down 18%) It's been a really bad media year for FB. But step back. In a rising rate environment, you want a company with a good balance sheet. FB has $40 billion in cash and no debt; they earn $5 billion net income per quarter and $20 billion annually--in a class of maybe 20 companies in the world. They dominate social media. You're gonna have these tough years. It was up 50% last year and gave back a lot of that this year. Revenue growth is still 40%.
0
0 0 0 0 0
0 comments
Chris Stuchberr

Portfolio , Wellington-Altus Pri...

Price Price
$131.090
Owned Owned
Yes

Sign up or Log in to enjoy full view of charts.

PAST TOP PICK
Alibaba Group Holding(BABA-N) 

December 31, 2018

(A Top Pick Oct 17/18, Down 7%) Growth rate has risen from 30% to 50% a year, but this year it's faced its first tough season. Not doubt that trade tensions and sanctions have impacted their stock price, but the underlying value remains strong. He's happy to own this.
0 0 0 0 0
0 comments
(A Top Pick Oct 17/18, Down 7%) Growth rate has risen from 30% to 50% a year, but this year it's faced its first tough season. Not doubt that trade tensions and sanctions have impacted their stock price, but the underlying value remains strong. He's happy to own this.
0
0 0 0 0 0
0 comments
Chris Stuchberr

Portfolio , Wellington-Altus Pri...

Price Price
$137.070
Owned Owned
Yes

Sign up or Log in to enjoy full view of charts.

PAST TOP PICK
ING Groep NV(ING-N) 

December 31, 2018

(A Top Pick Oct 17/18, Down 15%) This was a play on the European yield curve. Interest rates will rise in Europe and he'd get a 5% yield. What happened was the complete opposite way, because the ECB has been overly accomodative. ING earns nearly 1 billion euros per quarter, but the stock is declining becuse the yield curve isn't doing anything.
investment companies/funds
0 0 0 0 0
0 comments
(A Top Pick Oct 17/18, Down 15%) This was a play on the European yield curve. Interest rates will rise in Europe and he'd get a 5% yield. What happened was the complete opposite way, because the ECB has been overly accomodative. ING earns nearly 1 billion euros per quarter, but the stock is declining becuse the yield curve isn't doing anything.
investment companies/funds
0 0 0 0 0
0 comments
Chris Stuchberr

Portfolio , Wellington-Altus Pri...

Price Price
$10.660
Owned Owned
Yes

Sign up or Log in to enjoy full view of charts.

BUY
Home Depot(HD-N) 

December 31, 2018

Likes this for how they've run the company. They have 5-7% revenue growth; 55% of net income comes out in the dividend. They hike the dividend every January/February--good. Demographics favour a robust US housing market. 40% of U.S. homes are 40+ years, which means they need work. One problem could be Amazon getting distribution for Kenmore (taking away sales from stores like HD).
specialty stores
0 0 0 0 0
0 comments
Likes this for how they've run the company. They have 5-7% revenue growth; 55% of net income comes out in the dividend. They hike the dividend every January/February--good. Demographics favour a robust US housing market. 40% of U.S. homes are 40+ years, which means they need work. One problem could be Amazon getting distribution for Kenmore (taking away sales from stores like HD).
specialty stores
0 0 0 0 0
0 comments
Chris Stuchberr

Portfolio , Wellington-Altus Pri...

Price Price
$171.820
Owned Owned
Yes

Sign up or Log in to enjoy full view of charts.

COMMENT
Cisco(CSCO-Q) 

December 31, 2018

A super safe company. He used to own it, but doesn't see upside in it now. There's little money made in hardware, but much more in software. Cisco is a hardware platform. But CSCO is very strong, but beware of lack of growth in the future.
electrical/electronic
0 0 0 0 0
0 comments
A super safe company. He used to own it, but doesn't see upside in it now. There's little money made in hardware, but much more in software. Cisco is a hardware platform. But CSCO is very strong, but beware of lack of growth in the future.
electrical/electronic
0 0 0 0 0
0 comments
Chris Stuchberr

Portfolio , Wellington-Altus Pri...

Price Price
$43.330
Owned Owned
No

Sign up or Log in to enjoy full view of charts.

DON'T BUY
HSBC Holdings P L C(HSBC-N) 

December 31, 2018

vs. Wells Fargo Used to own it, but they kept stepping on their own toes. He shifted that money to US banks (not Wells Fargo). HSBC tried to shrink to grow, but that strategy didn't work. WF you have to look at with a longer time horizon. Even a Canadian or another US bank is better to own.
banks
0 0 0 0 0
0 comments
vs. Wells Fargo Used to own it, but they kept stepping on their own toes. He shifted that money to US banks (not Wells Fargo). HSBC tried to shrink to grow, but that strategy didn't work. WF you have to look at with a longer time horizon. Even a Canadian or another US bank is better to own.
banks
0 0 0 0 0
0 comments
Chris Stuchberr

Portfolio , Wellington-Altus Pri...

Price Price
$41.110
Owned Owned
Unknown

Sign up or Log in to enjoy full view of charts.

DON'T BUY
Loblaw Companies Ltd(L-T) 

December 31, 2018

He fears that the grocery sector will get disrupted. Not optimistic. Loblaw has spent so much on beautifying their stores, but failed to earn a sales increase from consumers. Meanwhile, people are buying food online with the Amazon-Whole Foods deal.
food stores
0 0 0 0 0
0 comments
He fears that the grocery sector will get disrupted. Not optimistic. Loblaw has spent so much on beautifying their stores, but failed to earn a sales increase from consumers. Meanwhile, people are buying food online with the Amazon-Whole Foods deal.
food stores
0 0 0 0 0
0 comments
Chris Stuchberr

Portfolio , Wellington-Altus Pri...

Price Price
$61.110
Owned Owned
No

Sign up or Log in to enjoy full view of charts.

BUY
They are cleaning up their balance sheet. They can do share buybacks and raise dividends. It's held up well since October in this down market. Safe business. He recently bought it.
precious metals
0 0 0 0 0
0 comments
They are cleaning up their balance sheet. They can do share buybacks and raise dividends. It's held up well since October in this down market. Safe business. He recently bought it.
precious metals
0 0 0 0 0
0 comments
Chris Stuchberr

Portfolio , Wellington-Altus Pri...

Price Price
$29.390
Owned Owned
Yes

Sign up or Log in to enjoy full view of charts.

Showing 1 to 15 of 77 entries
Successfully Saved Company
Successfully Saved Company
8+
JOIN THE DISCUSSION
8 comments in the last 7 days