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Chris Blumas
Portfolio manager at at Raymond James Investment Counsel Ltd.
Member since: Dec '19 · 552 Opinions
Rating Card
| 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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|---|---|---|---|---|---|---|---|
| 2.6 | 22 18.64% | 30 25.42% | 18 15.25% | 34 28.81% | 14 11.86% | ||
| 1 Month | 2.2 | 1 2.33% | 14 32.56% | 10 23.26% | 17 39.53% | 1 2.33% | |
| 6 Months | 2.15 | 4 11.76% | 6 17.65% | 4 11.76% | 12 35.29% | 8 23.53% | |
| 12 Months | 3.45 | 8 30.77% | 8 30.77% | 2 7.69% | 4 15.38% | 4 15.38% | |
| 2 Years | 0 | 9 60.00% | 2 13.33% | 2 13.33% | 1 6.67% | 1 6.67% |
Stock Opinions by Chris Blumas
Despite big challenges in markets and in the economy, exiting could be the biggest mistake investors make. Lots of fear circulating. Rapid changes in interest rates have had big impacts on the economy, on both businesses and consumers. Easy to get sideswiped by negative sentiment.
There are a lot of bargains today. If you own good companies, you'll do quite well over the long term. Over the short term, there could be some volatility.
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There were some views of interest rate cuts later this year. Because inflation has been stickier than thought, that pushes out the likelihood of rate cuts, even into the back half of 2024.
The Fed puts out the dot plot every quarter. You can clearly see that the view right now is that rates will trend down. Higher rates have had a big impact on a lot of stocks. There will be some relief down the road, but not right now.
Absolutely. Starting to see it with central banks around the world diverging, as they all have different nuances in their economies. That slight diversion is likely to continue. Tightening and easing to steer the economy will be a more important feature of economies going forward.
You can find value in a variety of sectors. Some of the ones that have been hit the hardest because of interest rate increases are the income-sensitive stocks: utilities and banks. Because the market is so volatile, you can get your opportunity in almost any stock. Keep your shopping list handy, and your buy prices lined up.
There had been a "green premium" because there was short supply of renewable investments. Higher rates hit valuations and profit from operations. Steer clear. Try BEP.UN instead, with more asset diversification, FTS, or BIP.UN.
More consumers are going with payment solutions embedded in phones. Merchants are using other online platforms. Competitive position could be under attack. Profitable, good free cashflow, low valuation. He prefers Visa.
Visa has wonderful business economics, largest payment network, quite embedded. Both Visa and MA have less operating risk than, for example, PYPL.
Visa has wonderful business economics, largest payment network, quite embedded. Both Visa and MA have less operating risk than, for example, PYPL.
Wonderful business and business economics. Share price has been volatile because a big portion of business comes from bond ratings, and there have been fewer bond issues. Always fairly expensive. Right now 24-25x, fair. Free cashflow used to build out products.
Allure is the dividend yield, but stay away. Telcos are in a tough environment. Instead, look at the pipeline space, where you can get an equivalent dividend and better earnings potential. See his Top Picks.
Absolutely. We're so lucky in Canada to have a number of companies that pay out a high percentage of earnings to shareholders. You get the dividend tax credit, which is preferential. In the US, there is some withholding tax.
Good management team. Brookfield in involved. Valuation is a huge discount to US peers. He's watching it, but hasn't pulled the trigger. Activist investor, but no guarantees with that. Significantly more upside than down, a good investment.
It's in the public interest to get this pipeline going, as it will be great for Canadian energy producers as a whole. Won't have a negative impact on the rails. Rail is not the most efficient for shipping oil, it's the overflow option. He's positive on CNR and CP, more so on CP.
It's in the public interest to get this pipeline going, as it will be great for Canadian energy producers as a whole. Won't have a negative impact on the rails. Rail is not the most efficient for shipping oil, it's the overflow option.
He's positive on CNR and CP, more so on CP with its unique footprint integrating Canada-US-Mexico. Between onshoring and its management team, going to do quite well. Trades at a premium because of this.
Telcos in Canada are in a unique spot. Quebecor has really upped the competitive pressure, positive for the consumer but negative for BCE and Telus. Stay away, and see how things shake out. Prefers RCI.B, with its ability to shave costs from Shaw, or QBR.B.
