Chris Blumas
Portfolio manager at at Raymond James Investment Counsel Ltd.
Member since: Dec '19 · 859 Opinions
Rating Card
Premium content| All | 
Rating
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Big Win
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Win
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Neutral
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Loss
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Big Loss
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|---|---|---|---|---|---|---|---|
| 3.51 | 58 19.66% | 84 28.47% | 48 16.27% | 71 24.07% | 34 11.53% | ||
| 1 Month | 3.95 | 2 2.35% | 33 38.82% | 27 31.76% | 22 25.88% | 1 1.18% | |
| 6 Months | 2.44 | 13 16.25% | 20 25.00% | 8 10.00% | 29 36.25% | 10 12.50% | |
| 12 Months | 4 | 20 28.57% | 21 30.00% | 5 7.14% | 12 17.14% | 12 17.14% | |
| 2 Years | 3.65 | 21 40.38% | 7 13.46% | 5 9.62% | 8 15.38% | 11 21.15% | |
| 5 Years | 0 | 2 25.00% | 3 37.50% | 3 37.50% | 0 0.00% | 0 0.00% |
Stock Opinions by Chris Blumas
Yes, we had confirmation yesterday through the Fed meeting. When they released their comments, they used really aggressive language in terms of what they were expecting. We're a few months into tariffs, and we haven't seen any inflation yet, but it's in the pipeline.
Different estimates he's been reading indicate that it could take anywhere from 12-18 months for tariffs to be fully reflected in prices. It's expected to be quite severe. Along with unemployment, inflation is front and centre when it comes to the Fed moving on rates.
Consumers and businesses have been relying on credit to drive economic growth. More and more, over time, it's the stock market that's been a crucial factor in driving consumption. In view of the less-than-rosy economic backdrop, for markets to be where they are is a little bit surprising.
That's what people need to keep in mind. There is potential for some downward volatility.
It's a good habit to focus on companies that can control their own destiny on financing. Use the volatility that can come up in the market in your favour. From time to time, when markets are going to be very volatile, really good companies will sell off. It helps to know ahead of time what you might like to buy.
He tends to focus on cashflow. Companies that can generate good cashflow, and with strong balance sheets, have a lot of options in tough markets.
P&C insurance is very defensive, so it draws crowds when people get panicky in the market and the price gets bid up. Has become too inefficient as it's gotten bigger. Instead, he'd prefer some of the US private equity names for the capital levers they can pull, which have similar business models.
Nuclear resurgence has been strong, and CCO plays a key role. Saskatchewan assets are very high grade, the best you can get. If you own it, sit tight. If not, watch and wait. Don't chase. So much hype in the space. Executing well, but there's only so much uranium that can be mined and sold.
Has been on his watchlist for many years. Recently came down to values he's seriously considering. Within about 5% of his buy price. Exceptional company. Tech company that helps insurance companies auction damaged cars. Global. Came down on earnings because growth not as robust. Long-term phenomenal business.
