Viewing Expert Hap (Robert) Sneddon FCSI | StockChase
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Compiling comments that experts make about stocks while on public TV.

Viewing Expert

Hap (Robert) Sneddon FCSI , Chief Portfolio Manager & Founder

Castlemoore Inc.

Address
1 First Canadian Place
Suite 3700
Toronto, ON
M5X 1C9

Contact Info
Telephone: 416-306-5770
Toll Free: 1-877-289-5673
Fax: 416-664-8801
Email:
Website: http://www.castlemoore.com


Date Signal Chart Symbol Company Opinion Price
2017-04-10 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market. We have already started a corrective period, and now that we may be in it, any downside in prices will probably be capped with possibly 1 or 2 jolt days. It will be volatile next month followed by a crazy, roaring rally through to the end of the year. Right now, there is a big disconnect between sentiment and actual hard data. Longer-term, we have to bookend the 2008 crisis. Everything has not been written about that chapter yet. Because it was a secular sort of thing, the timeframe for that is long.


Price:
$0.020
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
_N/A
2017-04-10 COMMENT Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

A good ETF or defence stock? Two names he likes and which have done quite well would be General Dynamics (GD-N) and Boeing (BA-T). On the other hand, you could always buy the ETF iShares Aero & Def (ITA-N).


Price:
$0.020
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Unknown
2017-04-10 COMMENT Must be logged in to use chart ACQ-T AutoCanada Inc.

Chart shows a long base from early 2016. The one thing that can be said is that it has broken its downtrend, which is pretty positive. Normally, the longer the base, the better the entry point it provides. However, the auto business is starting to see a bit of saturation now.


Price:
$22.790
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Unknown
2017-04-10 PAST TOP PICK Must be logged in to use chart ARE-T Aecon Group Inc

(A Top Pick March 16/16. Up 10%.) He still likes this. Sold his holdings at around $18.75 as he thought it had got ahead of the macro infrastructure. It then had a big dip and he started acquiring it again in late 2016.


Price:
$17.180
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Yes
2017-04-10 COMMENT Must be logged in to use chart BAC-N Bank of America

This has a floor at about $22. If it breaks down through that, it will probably go down to the top of the range in 2015-2016 of $18. The key thing on this is interest rates. As long as it holds $22, you are going to get a chance in the next couple of months.


Price:
$23.020
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
No
2017-04-10 WEAK BUY Must be logged in to use chart BCE-T BCE Inc.

Has owned this several times and it has been his biggest position, but last year started to take some off the table at around $64. Chart shows it is now having a new break out, which is positive. There is going to be some capping when it hits resistance at around $64. You could put a toe in the water, and there may be an opportunity to add to it later.


Price:
$60.410
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Unknown
2017-04-10 COMMENT Must be logged in to use chart CLS-T Celestica Inc

In the next 2 months, tech names should be a core part of your portfolio. Chart shows this has been pretty volatile, but it had 2 double bottoms in 2016, which is pretty positive. That was followed by a nascent uptrend. He is expecting the stock to come back in the next 2 months. The $17.50 will be bringing in a lot of buyers. (See Top Picks.)


Price:
$19.460
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Unknown
2017-04-10 COMMENT Must be logged in to use chart CPG-T Crescent Point Energy Corp

Chart shows the 50-day moving average coming right along the top of the prices. Each time it got up to the 50-day moving average, it brought in some sellers. He took a half position in energy, even though the strong seasonality started about 1.5 months ago. You could see this come as low as $14, and then bring in some buyers. It has a positive MACD, so it’s getting momentum and money starting to flow into it, but that doesn’t mean you still can’t get some volatility. Anywhere between $14.70 and $14.40 is probably a reasonable less risky entry point.


Price:
$14.980
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Unknown
2017-04-10 BUY Must be logged in to use chart FFH-T Fairfax Financial

He likes this. If we get a break out from the declining range, he expects it will run up to the higher end of the prices that we saw in 2016, just below $800. He always likes to have an entry where his risk/reward is pretty good.


Price:
$611.350
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Yes
2017-04-10 BUY Must be logged in to use chart IPL-T Inter Pipeline

These types of stocks have been fantastic buys. This one has sort of based between $26 and $30. You buy it on the low side and sell it on the high side if you are a trader. Pipelines are all pretty decent holds.


Price:
$28.250
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Unknown
2017-04-10 WAIT Must be logged in to use chart KL-T Kirkland Lake Gold

He’s unloaded some of his gold. There are 2 seasonal periods for gold; January-February and July-November. The chart is showing a bit of a top. Although the stock is up in the last couple of days, all the gold complexes are going to come down a little. Whether they accelerate in July like they usually do is yet to be seen. Rate hikes going forward would give a bid to gold, but don’t be a believer until maybe we see yields pushed down a bit.


Price:
$10.010
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Unknown
2017-04-10 PAST TOP PICK Must be logged in to use chart KO-N Coca-Cola Company

(A Top Pick March 16/16. Down 2%.) This really didn’t go anywhere to excite him. He now prefers Pepsi (PEP-N), which is a bit more dynamic.


Price:
$42.690
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
No
2017-04-10 DON'T BUY Must be logged in to use chart MG-T Magna Int'l. (A)

He was looking at this at around the $56-$61 level. It has some weakness to work through. It will probably get to a couple of the low touch points of around $50. He would not touch this right now. All the values he looks at are weakening.


Price:
$53.630
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
No
2017-04-10 WATCH Must be logged in to use chart MPC-N Marathon Petroleum

He sees resistance around $51. The chart shows a double top in 2015. This is a good indicator that the 2nd time the bulls tried to do it, they got exhausted. Currently the chart is showing a nice upward trend. He likes energy. If this breaks above $51, he would be keen to add.


Price:
$50.140
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Unknown
2017-04-10 TOP PICK Must be logged in to use chart OTEX-T Open Text

There are few pure tech plays that you can have in Canada. This will be a core position in that area. Their story has really been about acquisitions. Thinks the market has not recognized that they do a really good job of recurring revenues, 70% of their business. They’ve made a commitment to double their earnings per share by 2020, and he thinks the current management will do that. (Analysts’ price target is $39.50.)


Price:
$44.520
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Yes
Showing 1 to 15 of 1,396 entries
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