Today, Rick Stuchberry commented about whether SBC-T, ATD.B-T, TCEHY-OTC, BABA-N, IMO-T, ING-N, TOU-T, AQN-T, MFC-T, NTR-T, LB-T, STN-T, D.UN-T, HD-N, ENB-T, BCE-T, BPY.UN-T, SAN-N, RY-T, IBN-N, META-Q, TOY-T, TWLO-N, DB-N are stocks to buy or sell.
It is a very well managed group of companies. The management do a really good job of managing what they have. The market is re-pricing high yielding situations. You have to have some growth in your portfolio. These things will be under pressure. You want to see some growth with the yield and see if the total of yield plus growth is satisfactory. He wants at least 10% total return in order to review it.
If you buy it for a lift and the market rebounds, it might rebound a bit. Longer term, they have a whack of debt. It is a well managed company and he is sure they are all over it and know how to roll the debt, but the market just looks at heavy debt and asks if it really cares. 'When in doubt, stay out.'
Market. This consolidation is a re-pricing consolidation. It is premised on the bond market being much bigger than the stock market and people are watching it. People are focused on 3%. The market is grinding because there is a re-pricing going on. We have come up a long way since Trump has been president. Comparing the 10 year and utilities, if you are into income and need cash flow, the utilities stocks' line on the chart shows that utilities have to come down when bonds go up to reset the pricing against the bond market. He thinks utilities are finished re-pricing.