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
2016-12-28 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Market - Traditionally, when we end a 2-term president, and the other party takes over, there tends to be some market weakness. He thinks the correction will be shallow. Between now and early February, you probably should be looking at some names you want to own. Those procyclical themes we saw before the election, materials, financials, energy, some technology; they should really be carrying the water through the spring and into the summer. Into August and late fall, we are going to have a better idea of some of the headwinds.


Price:
$0.020
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
_N/A
2016-12-28 N/A Must be logged in to use chart A Commentary A Comment -- General Comments From an Expert

Natural gas? Looking toppy and seems to be wanting to break out. Seasonality ends right about now. The technical date is December 21. This coincides with some overhead resistance. This might come back in the next couple of weeks, and you could pick it up, but seasonality doesn’t start until August.


Price:
$0.020
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
_N/A
2016-12-28 TOP PICK Must be logged in to use chart AEM-T Agnico-Eagle Mines

This is the best of the senior producers. It has a fantastic balance sheet, and really good assets. Has held up well compared to other names. Overall, the sector is in a longer-term bottoming process. $50 became an interesting place for buyers. His one year target is around $68. January and February are very supportive of gold prices, and in February you want to take some off the table as it gets weak from March onwards. Believes that bullion overall is making a significant longer-term low here, and producers always reflect the bullish/bearish moves before the underlying commodity, and we are seeing that now. Risk/reward here is really good. Dividend yield of 0.99%. (Analysts’ price target is $71.25.)


Price:
$54.900
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Yes
2016-12-28 COMMENT Must be logged in to use chart BB-T BlackBerry

John Chen moved the needle a little bit. It hit a low of about $8 this year and reached about $9.50. There is some support at around $9.10. It looks pretty good. The chart shows a downtrend, and the stock is trying to break through that.


Price:
$9.500
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Unknown
2016-12-28 COMMENT Must be logged in to use chart BNS-T Bank of Nova Scotia

With all the banks reporting in December, there are not a lot of upside catalysts left. However, this one is still positive and the trend has not been broken yet. At this price of $74.50, there will probably be some buyers coming in, and if not, $73. If you have a longer-term perspective, you could probably buy here, but he doesn’t see a driver between now and mid-February. Buy half here and the rest in about 1.5 months.


Price:
$76.220
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Unknown
2016-12-28 COMMENT Must be logged in to use chart CLR-T Clearwater Seafoods Inc.

From a fundamental basis, he has seen this space come off a little, and it has come back to a long-term trend line. Right here, this probably offers a very good risk/reward.


Price:
$11.370
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Unknown
2016-12-28 BUY on WEAKNESS Must be logged in to use chart CTC.A-T Canadian Tire Corporation Ltd. (A)

Consumer discretionary is certainly the right space. This had a nice move from its low of last year, and he expects it will revisit $135. Thinks it is going to be tough for it to break above its peak. With Canadian debt levels where they are, it is hard to see a catalyst. He would be looking to buy this a little lower. It might be more of a Trade than a Hold until it gets through its resistance.


Price:
$140.410
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Unknown
2016-12-28 TOP PICK Must be logged in to use chart FFH-T Fairfax Financial

A stock that sort of has a love/hate relationship on the street, because they are not a pure play in anything they do. The insurance part lags their peer group. Its recent acquisition of Allied World may create some broader appeal. Prem Watsa’s track record is really good. Dividend yield of 2.23%. (Analysts’ price target is $762.23.)


Price:
$647.470
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Yes
2016-12-28 COMMENT Must be logged in to use chart IBB-Q iShares Nasdaq BioTech ETF

This space, along with healthcare in general, is in a secular long-term move, bullish in January and February with strong seasonality on a 5-year basis. It has been beaten up politically starting with Clinton, and we are not sure if that carries through with Trump. This is not for the faint of heart, but if you have a longer-term perspective, there is support at around $260, and if you get above about $300, there is probably going to be a bit of a break out. If you are looking to trade this, you would probably take a position right now. For a longer-term perspective, you may want to initiate a position now and see what happens with the new administration.


Price:
$268.080
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Unknown
2016-12-28 COMMENT Must be logged in to use chart IFP-T Interfor Corp

Seasonally, lumber comes to an end in early January. Chart shows the stock made a little bottom at the end of 2015 and early 2016. He is looking to exit his holdings in the sector fairly soon. If you have a profit in this, he would recommend that you take it soon.


Price:
$15.090
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
No
2016-12-28 COMMENT Must be logged in to use chart MFC-T Manulife Financial

This company really relies on interest rates and the direction of the stock market. With those 2 things going in its favour, it is looking pretty positive. In the short term, he took some profits on some of his financials, particularly in the US, and since the election. Some had run up 25%-30% in 3 or 4 weeks. Financials will either flat line from here or go down a little, but as we move through February, we should start to see an uptick. Seasonally in Canada, once they have done reporting in December, they tend to come off a little. This has held pretty well, so he expects any correction is going to be short and sweet. It is after that that he would be concerned.


Price:
$24.160
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Unknown
2016-12-28 WATCH Must be logged in to use chart MG-T Magna Int'l. (A)

This broke out above resistance at around $58, and he is looking for it to come back and test. The upside target would be about $80. Automakers are doing well, and this one has new contracts coming in. You might wait within the month and try to get the best price possible at around $57-$58. It should be a good name for the next 6-8 months.


Price:
$59.090
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
No
2016-12-28 PAST TOP PICK Must be logged in to use chart OTC-T Open Text

(A Top Pick Nov 26/15. Up 33.8%.) It broke out above its $76 range, and then came back and tested it a couple of times. He expects it to get above $88. His target is $91. This is still one of his top technology picks. Thinks it could end up being acquired at some point.


Price:
$83.390
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
Yes
2016-12-28 PAST TOP PICK Must be logged in to use chart PGF-N Powershares Etf

(A Top Pick Nov 26/15. Up 2.35%.) Sold this post Trump, and is watching to see where it goes.


Price:
$17.930
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
No
2016-12-28 COMMENT Must be logged in to use chart POT-T Potash Corp of Saskatchewan

This space has been pretty difficult for the last 3-4 years. Seasonally, it has a strong period that kicks in, in January. You want to see this hold its current line, but look to take profits by the end of January, when the seasonality ends. Then we get into the quite soft February-May period.


Price:
$24.540
Subject:
TECHNICAL ANALYSIS & MACRO STRATEGY
Bias:
UNKNOWN
Owned:
No
Showing 1 to 15 of 1,350 entries
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