stockchase picture

Compiling comments that experts make about stocks while on public TV.

Expert Index

List by First Name

List by Last Name

Rick Stuchberry , Sr. VP & Sr. Portfolio Manager

Richardson GMP


Date Signal Chart Symbol Company Opinion Price
2015-01-09 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Markets.  Macro Money Flows are important because when you see markets move, a lot of times it is not individuals or portfolio managers that is moving them, it is flows that are coming from offshore. There seems to be fewer and fewer players in the market, and they are bigger and bigger. Things are being pushed around that we didn’t see 20 or 30 years ago. The world has really shrunk in the last 20 years. You have to see where the money is going so that you can anticipate where you should be and what you should be doing. He had a chart that showed the euro versus the US$, which showed the euro has been beaten up for a long period of time. This means money is leaving Europe and is going to the US. You can see this in a number of the big currencies. The pound sterling held up pretty well until just recently, but then it broke as well. Portfolio managers are looking for trends as to where money is going. The long-term trend now is positive towards the US$. This means that if you are investing in US assets, you are going to have a tailwind with you.


Price:
$0.020
Subject:
CANADIAN LARGE & ADRs
Bias:
UNKNOWN
Owned:
_N/A
2015-01-09 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Tax implications on holding ADR’s in either RRSP or taxable accounts? ADR’s are foreign securities that are traded in the US and are sponsored by a bank or a broker. There aren’t any implications in an RRSP because this is tax sheltered. There are no dividend tax credits because they are not Canadian securities and there is a withholding tax, depending on the origin of the country.


Price:
$0.020
Subject:
CANADIAN LARGE & ADRs
Bias:
UNKNOWN
Owned:
_N/A
2015-01-09 COMMENT Must be logged in to use chart AC-T Air Canada (B)

Investing in airline stocks has been tough. All the winds are at their back now. They have low oil prices and record load factors. This is the sweet spot for the airlines. If you own, he would Hold to see what you get next. Maybe put a trailing stop behind it if you are worried about it.


Price:
$12.310
Subject:
CANADIAN LARGE & ADRs
Bias:
UNKNOWN
Owned:
No
2015-01-09 TOP PICK Must be logged in to use chart BAC-N Bank of America

(A Top Pick Jan 23/14. Up 1.44%.) Thinks he was early on this. They are going through their model and are fixing the things that need to be fixed. The market is not prepared to reward them yet. On every quarterly conference call he thinks it will be the last time they have to pay a fine or litigation of some kind, but then there is another one. He thinks they are now at the end of that process and they were just allowed their 1st dividend increase in the last quarter.


Price:
$16.980
Subject:
CANADIAN LARGE & ADRs
Bias:
UNKNOWN
Owned:
Yes
2015-01-09 BUY on WEAKNESS Must be logged in to use chart BCE-T BCE Inc.

Telus (T-T) or Bell Canada (BCE-T)? He is not in the telecom space. This is an oligopoly and is pretty competitive. Telus has outperformed this one in the last little while. There is nothing wrong with either one of them. Because there is a good yield on both of them, they might have a bit of yield sensitivity if the bonds do start to back up a bit. Wouldn’t chase these, but would buy on pullbacks. They are both quality companies.


Price:
$54.350
Subject:
CANADIAN LARGE & ADRs
Bias:
UNKNOWN
Owned:
No
2015-01-09 HOLD Must be logged in to use chart BNS-T Bank of Nova Scotia

All the banks have been a bit of a disappointment in the last few months. Of all the banks, this was the one that the street perhaps felt was a bit of a disappointment. He thinks that in the International money flows, we have more sellers in the Canadian market then we have buyers. Because the banks are such a big sector, they have been getting hit. He still likes this one. If it breaks below $60, he would have another look at it.


Price:
$63.010
Subject:
CANADIAN LARGE & ADRs
Bias:
UNKNOWN
Owned:
Yes
2015-01-09 PAST TOP PICK Must be logged in to use chart BRCM-Q Broadcom Corp.

(A Top Pick Jan 23/14. Up 43.83%.) This is in the chips in mobile phones, and that mobile phone business has been a wonderful business for the last few years. He continues to like it. The growth in this business is worldwide. Still likes.


Price:
$42.240
Subject:
CANADIAN LARGE & ADRs
Bias:
UNKNOWN
Owned:
Yes
2015-01-09 BUY Must be logged in to use chart CM-T Canadian Imperial Bank of Commerce

In Canadian banks, there are leaders and there are laggards, but they do move as a group over a long period of time. If you are thinking of holding this for a long time, he doesn’t see any difficulties. Has a great yield. Hasn’t been a laggard in the last cycle. They are trying to do some changes.


Price:
$93.840
Subject:
CANADIAN LARGE & ADRs
Bias:
UNKNOWN
Owned:
No
2015-01-09 COMMENT Must be logged in to use chart CSX-N CSX Corp

Doesn’t own any rails right now. He thinks this will have a bit of a slowdown now because oil for rail is a big margin business for a lot of these rails. He would let this ride for a bit to see what happens.


Price:
$34.400
Subject:
CANADIAN LARGE & ADRs
Bias:
UNKNOWN
Owned:
No
2015-01-09 COMMENT Must be logged in to use chart DB-N Deutsche Bank AG

This and some of the other European banks are all in the same boat. They are going through stress tests. It is early on. He was looking at this one recently, but hasn’t made a decision what he is going to do. Would like to know how much exposure they have to Russia. European banks are a year or 2 behind the US banks, so they may have to go sideways for a bit longer until things clean up in Europe. When they do, these banks are not going to fail. They are through the worst of it.


Price:
$28.240
Subject:
CANADIAN LARGE & ADRs
Bias:
UNKNOWN
Owned:
No
2015-01-09 HOLD Must be logged in to use chart FNV-T Franco-Nevada Corp.

There is a bit of a stealth market in gold in the last 2 months. It has been steadily doing a bit better. Has been doing even better in the non-US$ denominated currencies. He likes this company. It is a royalty company and performs very well when the gold sector goes down. It is hard to know how far gold is going to go, but it certainly looks higher from here. If you own, stick with it but trail a Stop behind it.


Price:
$61.740
Subject:
CANADIAN LARGE & ADRs
Bias:
UNKNOWN
Owned:
No
2015-01-09 TOP PICK Must be logged in to use chart GOOGL-Q Google

This correction that the stock has had gives you an opportunity to get a high-quality growth stock. He looks at this as an opportunity to at least get positions started on a stock that has been a long-term winner for a very long time.


Price:
$500.720
Subject:
CANADIAN LARGE & ADRs
Bias:
UNKNOWN
Owned:
Yes
2015-01-09 HOLD Must be logged in to use chart HSBC-N HSBC Holdings P L C

Feels this is a proxy on China. If you looked at this in its home currency of pounds, it hasn’t had the slip off that it has had in the ADR in the last couple of months. The US$ strength has worked to weaken ADRs. He is going to be a bit more patient with this. It has a good yield. He is just waiting for the turnaround in China and he thinks it is still coming but is getting a little impatient with the lack of results.


Price:
$45.580
Subject:
CANADIAN LARGE & ADRs
Bias:
UNKNOWN
Owned:
Yes
2015-01-09 COMMENT Must be logged in to use chart ING-N ING Groep NV

Have really scaled back and have gotten back into being a purer bank from a conglomerate. They are getting fixed; it is just a matter of where they are on the runway before lifting off. This will be okay once the European economy gets going again. While you’re waiting for this to go, your risk might be that you have some dead money for a while.


Price:
$12.270
Subject:
CANADIAN LARGE & ADRs
Bias:
UNKNOWN
Owned:
Unknown
2015-01-09 COMMENT Must be logged in to use chart IRE-N Bank of Ireland (Gov & Co)

Ireland did the right thing. They said they had a problem and were going to fix it, and they did. The housing market seems to be bottoming out, so this bank should be doing better. This, along with the other European banks is on the runway, but don’t have any momentum to take off yet. If you don’t own, it wouldn’t hurt to let it go on a little bit longer.


Price:
$14.130
Subject:
CANADIAN LARGE & ADRs
Bias:
UNKNOWN
Owned:
Unknown
Showing 1 to 15 of 829 entries
First Previous 1 2 3 4 5 Next Last

No Comments.


You must be logged in to comment.